Pardeshi organize meeting with Deputy Commissioner of police, Shahji Umap, zone III in this issue. Unauthorized constructions cannot be recognized because they are not built on reserved plots identified in the development plan.

PCMC engineering department, Shirish Poreddy said that we filed 854 police complaints against illegal constructions, which consist of a total area of 33.23 lakh square feet so far. The civic administration is carrying out the drive, there has been a major opposition from elected members who have demand regularization of the constructions that lack in required sanctions.

Before two year, PCMC had analysed nearly about 1.5 lakh unauthorized construction. The state govt. had held several meetings with civic officials, MLAs & civic office bearers to resolve the issue of illegal & unauthorized construction, but no settlement done so far.

This bill is very important as just after passing the bills the proper use of the land can only be decide and there will be a clear rule that the no fertilized land is going to be used for the making of industries, shopping malls and housing societies.

For these things the waste land or the land which is not good for the harvest will be used. It will make a balance between the land use and this bill is also help full in making the land user actual owner of the land.

Congress chief Sonia Gandhi did not favor the Group of Minister’s proposal that consent of two-third of “land losers” (from whom land would be purchased) was enough for acquiring land for industries and PPP projects. Minister of State for Rural Development Lalchand Kataria said the bill has provision for return of the unutilized land. Land Acquisition Act, 1894 has no provision for return of the unutilized land.

I think that one of the things that we have found has actually begun to contradict that there are more expensive buildings as a result of pursuing highly efficient or green buildings. What we actually found is that through integrated design, we can often bring cost out of the building. One of the examples that we speak of is the Empire Estate Building where we were originally asked to come in because the owner believed he wanted to install a new chiller plant. That was going to be a very expensive proposition. But we were able to design out the need for that chiller, thereby creating savings that were invested in energy efficiency measures that paid back. So, I am not sure that I agree with the premise that today green buildings cost more.

Kochi saw the highest price rise of 10.1 per cent, followed by Jaipur with 9 per cent during the second quarter of this fiscal compared with the previous quarter.

In Delhi-NCR, Mumbai and Chennai, prices rose by 3.8 per cent, 0.5 per cent and 1 per cent, respectively, NHB data showed.

NHB RESIDEX tracks the movement in prices of residential properties on a quarterly basis. It covers 20 cities. From January next year, it plans to cover 6 more cities.

“Overall, there is a price correction. Even in nine cities where prices have gone up, there will be net decline if we factor in the rise in input cost and inflation,” NHB Chairman and Managing Director R V Verma told PTI.

Asked about falling prices, he said, “Builders cannot sustain at current prices because of oversupply. So, they are decreasing the price to clear inventory and boost sales.”

Housing demand has been affected for last few years due to high interest rates on home loans. “The movement in prices of residential properties has shown marginally declining trend in eleven cities, ranging from -0.4 per cent in Faridabad to -4.8 per cent in Surat, and rise in nine cities ranging from 0.5 per cent in Mumbai to 10.1 per cent in Kochi during July-September, 2012 in comparison to the previous quarter April-June 2012,” NHB said.

As per the rates approved by Delhi Cabinet, Rs. 6.45 lakh per square metre has been fixed as new circle rate for category A. The rates in Category A colonies like Greater Kailash, Defence Colony, Gulmohar Park, Panchsheel Enclave, Anandlok, Green Park, Golf Links and Hauz Khas have been hiked by 200 per cent.

The rates in Category B have been increased by 50 per cent with a land value of Rs 2 lakh 46 thousand per square metre.

For C category colonies, the circle rate has been hiked to Rs. 1,33,224 per square metre from current Rs. 1,09,200. Under Category D the new rates will be Rs. 1,06,384 as against existing rate of Rs. 87,200.

The rate for colonies under category E has been hiked from Rs. 47,840 to Rs. 58,365 per square metre while for F category colonies the rate will be Rs. 47,140 as against current rate of Rs. 38,640.

In respect of category G colonies, the new rate will be Rs. 38,442 per square metre as against existing Rs. 31,510 while for H category colonies it has been hiked to Rs. 19,361 from Rs. 15,870. The government argues that since the price of the land has sky-rocketed, the rates of the circle rate had to be revised in these areas.

New Product Boomers Financial Plan. 75% Com + Multi 1 Click Upsells

The bungalow on Dharam Marg in Chanakyapuri, which is situated near the American embassy, stands on a 1,112.4 sq yards plot and was bought jointly by Torrent group companies Torrent PowerBSE -0.72 % and Torrent Pharma for Rs 111 crore.

In recent times, similar-sized plots in central Delhi locations like Golf Links and Shanti Niketan have been sold for Rs 8-8.5 lakh a sq yard. Bungalows in the leafyLutyen’s Bungalow Zone (LBZ) sell at a lower tag of Rs 5 lakh a sq yard because of building restrictions and high overall value of the deals.

Torrent is promoted by brothers Sudhir and Samir Mehta, whose father UN Mehta, a government clerk-turned medical representative for drug firm Sandoz, had set up the firm in 1959.

Another things is that most of the people want to buy or sell  the property but they feel insecure about the documentation tat can be fake and they can not take chances as lots of money is involved in this business. The exhibition will be held at the VITS hotel near Shree Shiv Chhatrapati Sports Complex in Balewadi on Saturday and Sunday between 10.30 am and 7.30 pm. Thirty top builders will participate in the event.The exhibition will offer a perfect environment for home buyers to zero in on their dream home in Aundh, Baner, Bavdhan, Bhugaon, Pirangut, Bhukum, Wakad, Balewadi, Ravet, Ambegaon, Mahalunge, Hinjewadi, Pimpale Saudagar, Pimpale Nilakh, Rakshak Society, Rahatni, Somatane, Kalewadi, Dange Chowk, Pimpri Chinchwad, Talegaon, Chakan, Kanhe Phata and surrounding areas.

“There has, so far, been no scope for the growth of large-sized township projects within the city. Chennaites had been showing an unyielding preference towards living within the CBD because of the dearth of good schools, convenience stores, entertainment and restaurants in other areas,” said Badal Yagnik, managing director, Chennai & Coimbatore, Jones Lang LaSalle India. “Developers had been more than happy to construct projects of 12-30 units with limited or no amenities, little or no green cover and extremely restricted open spaces.”

However, things are set to change in the coming months. “In the coming months, Chennai will see a major change in this aspect, with a string of township projects by developers of national stature under execution and nearing completion,” he added.

The new ‘game-changers’ include generous landscaping, serene environment, schools within the campus, big club houses, health club facilities for both indoor and outdoor sports, multiplexes in the vicinity, health care, restaurants and large swimming pools, states the study.

“As a result, community living in the true sense is finally going to emerge in Chennai. We anticipate that once these large projects are fully executed, we will see a decisive forward momentum in the concept of large, well-equipped residential communities in Chennai,” said Yagnik.

Justice G S Sistani asked the Urban Development Ministry secretary and the DDA vice chairman to convene a meeting with the builder to find a solution before August 9 so that the flats could be handed over to the buyers.

Expressing displeasure against DDA and the government over the delay in resolving the issue, the court said, “It has been more than a month since the matter came up before the HC and nothing has been sorted out.”

“The issue is going on and on…The buyers are thinking that the builder has taken them for a ride,” the court said and asked senior officers to be present in court on the next date of hearing, August 9, to explain the progress.