DDA extends rates for floor area ration and land use correction till June 30: Report
The DDA approved multiple proposals at a meeting on January 12
Changes to the rates were notified in June 2018. (Representative Image)
The Delhi Development Authority (DDA) will keep unchanged the rates for floor area ration (FAR) and land-use conversion (for residential, commercial, mixed-use, and cooperative group housing society properties or CGHS) till June 30, 2021.
In a statement on January 12, the DDA said that implementation of the changes was “extended periodically” due to “procedural aspects,” The Economic Times reported. Changes to the rates were notified in June 2018.
“Due to impact of the COVID-19 pandemic on the economy, the existing rates are being further retained for another six months up to June 30, 2021, to provide relief to the lessees/owners of these properties,” it added.
MAITLAND, FL - The Allen Morris Company (AMCO), one of the largest diversified real estate firms in the Southeast, announced the $47.5 million refinancing of Maitland City Centre in Maitland, Fla. Maitland City Centre is a mixed-use community located just north of Orlando, consisting of 244 residential apartments and 33,500 square feet of retail space.
The new loan was provided by New York Life Insurance Company and replaced the existing construction loan provided by Truist and TD Bank. The refinancing allows ownership to continue executing its business plan on this Class A asset. Walker & Dunlop assisted the partnership with the refinancing process.
“We are thankful to Truist and TD Bank for their confidence in The Allen Morris Company, which allowed us to develop this new city center for the City of Maitland, and are equally pleased to begin a new relationship with New York Life Insurance Company,” said W. Allen Morris, Chairman & CEO of The Allen Morris Company. “One of
Tenders For Bengaluru Suburban Rail Project Likely To Be Out In Two Months, Union Minister Piyush Goyal Reviews Project Progress
by Arun Kumar Das - Jan 12, 2021 06:18 AM
Union Minister for Railways Piyush Goyal
Snapshot
Bengaluru Suburban Rail Project envisages construction of 4 Suburban Rail Corridors with a total route length of 148.17 kms.
The project will be implemented by Rail Infrastructure Development Company (Karnataka) Limited (KRIDE), a Joint Venture company set up by the Ministry of Railways with the Government of Karnataka as a special purpose vehicle.
Reviewing the progress of Bangalore Suburban Railway Corridor, Railway Minister Piyush Goyal has said that the project should be planned in futuristic manner to incorporate the growing needs of city like Bengaluru.
The authority has also approved the TOD policy and it will now be sent to the Ministry of Housing and Urban Affairs for consideration and final notification.
Bill Hanna, who has helped develop some of Northwest Indiana’s biggest projects in recent years, announced he is stepping down as the Northwest Indiana Regional Development Authority’s president and CEO.