Studio Apartment in Tripunithura in the context of public housing, are flats that are specifically built by the Housing and Development Board to cater to the growing senior citizen population, although there is growing popularity among young working singles. A two-unit dwelling is known as a duplex; a three-unit dwelling is known as a triplex. Beyond this, cardinal numbers are used (e.g., fourplex, fiveplex) and the term multiplex is also used. Tenement law refers to the feudal basis of permanent property such as land or rents. May be found combined as in “Messuage or Tenement” to encompass all the land, buildings and other assets of a property. A few generations more in the slums, and all that will be changed. Tenements were also known for their price gouging rent. Many reformers are pushed for reforms in tenement dwellings. More improvements followed. The act tends to clean slums and reconstruct housing units for the poor.
Some construction works by the developer need clearance from the government or the person concerned. Some projects have received in-principle clearance from ministry of commerce. The construction will be spread over few years. Some developers have investments in real estate projects in metropolitan cities. As a result of boom in the IT sector many projects have up come. The product specific projects will be for information technology and apparel industries and are expected to come up by in following years. There’s a big opportunity for the property developers. We foresee a lot of global companies setting up their bases in India, but they would need a hi-tech infrastructure. Which means there’s going to be a rise in demand for such projects. The size of various categories has been prescribed after extensive consultation with trade and industry. In every IT sector there should be a minimum of one million sq.ft of built-up area. The new act allows even developers and service providers within these zones to enjoy similar benefits.