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adProperty News For January 2008

Leave and licence agreements
Source : The Hindu Property Plus Published On : 2008-01-26 City : Chennai

Leave and Licence Agreements can be stated to be an offshoot of alternative attempts made to get out of the rigours of landlord-tenant relationship

Many types of Agreements are made for occupation of property. These are typically Lease Deeds, Lease Agreements, etc. If a lease is for a term of one year or more, then the same has to be registered. A lease creates a transfer of interest in the property. The process of eviction of tenants is generally difficult. The law is titled in favour of the tenant for various purposes. Contextually, several alternative approaches have been attempted to get out of the rigours of landlord-tenant relationship. Leave and Licence Agreements can be stated to be an offshoot of such attempts. It may be useful to understand that the background of how this has evolved over a period of time.

The word “Leave” has many meanings. In Leave and Licence Agreements, it is used to indicate “Permission”. The occupancy is in essence a permission granted by the landlord or owner to use and occupy the property concerned....

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Marble gives that smooth, classy look
Source : The Hindu Property Plus Published On : 2008-01-12 City : Chennai

Most historic pieces of art couldn’t have made a mark if they were not chiseled, sculpted or built in marble. Architects, sculptors and artists of yore swore by the stone that is now an integral part of contemporary construction.

The stone has definitely made its presence felt in our daily lives. Be it flooring, counters, elevation or even fountains, most of the present day structures house the metamorphic rock in some way or the other.

For the Indian type, white defines the color of marble. Most varieties are found in parts of Rajasthan and are named according to their provenance. The stone in sold as slabs and tiles. For slabs, the size ranges from 3ft by 2ft to 10ft by 6ft and tiles range from 1ft by 1ft to 2ft by 2 ft....

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Property boom on gst stretch now
Source : The Hindu Property Plus Published On : 2008-01-26 City : Chennai

With the announcements of new SEZs in the area, residential projects follow suit, writes J. MALARVIZHI

The population influx towards GST Road is set to touch several lakhs, property developers predict.

The new residential projects follow in the heels of announcements of several Special Economic Zone (SEZs) in the area....

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Real estate boom hits land productivity
Source : The Hindu Property Plus Published On : 2008-01-19 City : Chennai

The rates of vegetables are baffling many a consumer nowadays. While tomato has established to some extent compare to its previous rage, the price of lady’s fingers has gone up by 40 per cent. The deluge of cauliflower in the market is reassuring whereas potatoes are costing almost five rupees more per kilogram. Bottle gourd, which was considered a low-cost vegetable with a price tag of Rs.5 apiece during previous winter, is now a game for Rs.14, that too in Rythu Bazar. Thankfully, coriander is not pricey, though the rate has spiralled in case of curry leaves. A few varieties of leafy vegetables are totally out of market. On the whole, the prices of vegetables have decidedly gone up. The impact will certainly be felt after February.

The period between October and February was previously the vegetable buffet of the year. With increased production, there would be a deluge of vegetables in the market with reduced prices. However, with the large scale conversion of agricultural land into real estate properties, it is not the case anymore.

All the lands where vegetables were grown previously are now themselves becoming vegetables what with their speculative value far surpassing their productive value. The phenomenon is more obvious in Ranga Reddy district where a number of mandals have recorded drastic reduction in horticultural production. The surge, or rather the decline, began with Maheshwaram mandal where, sources say, almost 90 per cent of the lands have been sold and sealed. Originally a flower and vegetable hub of Hyderabad, Maheshwaram has lost its past significance after the proposal of Fab city. It gained international recognition after NRIs started buying several acres of agricultural land here. Proximity to the international airport has added to the real-estate value of the agricultural lands....

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Real estate for all
Source : The Hindu Property Plus Published On : 2008-01-05 City : Chennai

CREDAI’s 7th National Real Estate Convention is all set to commence on January 7 at New Delhi

CREDAI (Confederation of Real Estate Developers’ Associations of India) has announced that its 7th National Real Estate Convention – Natcon 2008 – will begin on January 7, 2008. Kamal Nath, Minister of Commerce & Industry, will be the chief guest at the convention and Jaipal S. Reddy, Minister of Urban Development, and Kumari Selja, Minister of State, Housing and Poverty Alleviation, will be making the inaugural and presidential addresses.

The convention with the theme ‘Real estate for all’ will be held from January 7 to 9 at Hotel Ashok in the capital....

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