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Oberoi Realty's net profit increases by 50.27% in Q3 FY23
The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com
Ahmedabad civic body's approves changes to Makarba TP scheme
The civic body's town planning committee has approved changes to the Makarba town planning (TP) scheme 204, covering plots designated as R3 (Residential-3) zone in the western part of Ahmedabad. According to sources, a significant change has been approved, allowing development permission for plots of 300 sq m in the R3 zone. Previously, the minimum area required for development in the R3 zone was set at 1,000 sq m after the implementation of Comprehensive General Development Control Regulations (CGDCR) in 2017, but construction was permitted on plots of 500 sq m. Now, development permission w..
NAREDCO and FSAI ink MoU
The National Real Estate Development Council (NAREDCO) on October 5 said that it has signed a Memorandum of Understanding (MoU) with the Fire and Security Association of India (FSAI) to collaborate on improving fire safety, life safety, and security standards in India's real estate sector. The partnership aims to foster the exchange of knowledge, expertise, and technical advancements in fire protection, life safety, and security systems for the benefit of real estate stakeholders across the country, NAREDCO said in a statement. “The MoU with FSAI establishes a more integrated approach to r..
Ahmedabad civic body to finalise land deal with LuLu
The Ahmedabad Municipal Corporation (AMC) had recently sold a large plot of land to LuLu International Shopping Malls Pvt Ltd for a staggering Rs 5.19 billion. However, the civic body was unable to provide full possession of the land to the buyer as it did not have ownership of the plot. The proposal for the deal states that a 66,168 sq m plot in Chandkheda was sold to LuLu International Shopping Malls Pvt Ltd at the rate of Rs 78,500 per sq m. However, approximately 10,672 sq m of this plot was under cultivation, and the Ahmedabad Municipal Corporation was yet to obtain full possession of t..
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