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Big Developers, Big Delays: Unitech

The real estate sector is under immense pressure. Thousands of vacant homes lie unsold with developers offering bargain prices, but home buyers remain unconvinced. The reason is simple; people just do not trust the real estate sector anymore and it is clearly the developers who are at fault. As part of a special series, we

Will BBMP Takeover Spell Doom For Bengaluru’s Electronic City?

Home to India’s top tech firms, the success of Bengaluru’s Electronic city (E-City) is something to be envied. And credit goes to the Electronic City Township Authority (ELCITA) which is governed by a 10-member council, most of whom are members of the various organisations within E-city. But worries are growing about the area’s future as

Thane Cluster Redevelopment Policy Approved: Key Highlights

Mumbai’s neighboring city Thane has seen phenomenal growth in recent times, yet it is also a maze of dangerous and illegal structures thanks to unchecked development. But there is hope around the corner, with the Maharashtra government announcing a cluster redevelopment policy for the region. The Need to Redevelop Thane’s Ruined Buildings Thane city contains

Are Home Buyers Liable To Pay For Fungible FSI? Here’s Why Not

When the Municipal Corporation of Mumbai changed the Development Control Regulations (DCR) in 2012, open spaces such as flower beds and balconies which came under ‘fungible’ Floor Space Index (FSI) were converted into regular FSI. Many builders who had paid a premium to buy fungible FSI decided to recover their costs from you, their customers.