Under Construction Properties for Sale in Kamarhati on BT Road Kolkata

MakaaniQ picks five residential projects for buyers looking for luxury homes in Pune.

The Floor Space Index (FSI) or Floor Area Ratio (FAR) is the ratio of the total area of a building to the area of the plot on which it is built. To accommodate the growing space demands in cities, the government is considering increasing the FSI. The FSI ranges between 1.2 and 3.5 in Delhi; 1.33 and 1.83 in Mumbai; 1.5 and 2.5 for Kolkata; 1.5 and 2 in Chennai; 1.2 and 1.8 in Ahmedabad; 1.75 and 3.35 in Bengaluru; 1 and 1.45 in Gurgaon; 2.75 and 3.5 in Noida; and 1.5 and 2.5 in Pune. Hyderabad has not FSI restrictions on buildings.

Over the past 12 months, property market in India has been influenced by RBI moves to increase benchmark lending rates at repeated intervals.

Through an order in 2011, the Supreme Court held that transferring property title through a general power of attorney was not valid. The top court directed municipal bodies not to register/mutate properties based on these documents. Following the order, states banned the registration of properties sold through GPA. The SC, however, said that genuine transactions carried out through GPA would be valid. In light of this, should you be entering property transactions that involve sale through power of attorney? Let us find out.

National Building Construction Company (NBCC) is now planning to buy insolvency-hit Jaypee Infratech, a move that would help the public company to acquire land parcels in tony localities, Taj Expressway and Japyee Hospitals. NBCC will be competing with other construction majors, including L&T, Suraksha Asset Restructuring Company, Kotak group and ICUBE, which have shown interest in buying Jaypee Infratech, the sister concern of Jaiprakash Associates Limited (JAL). This is the second time process is on to acquire the insolvency-hit realtor.