Chennai
Tata Group, which is currently building a shopping mall in Amritsar, plans to take its Trillium mall brand nationwide in order to outfit in the country’s beneficial modern retail sector. The 700,000 sq ft mall will be ready by the end of this year or by early next year. The company has three more malls [...] Continue Reading »
PricewaterhouseCoopers, a global professional services firm, inaugurated its new office in Chennai, on Tuesday, to provide advisory, tax and regulatory services. The company has increased its employee base by 24 per cent at the Chennai Centre to meet the growing demand for various sectors. PwC has its existence in major cities of India like Ahmedabad, [...] Continue Reading »
In a rare occurrence that has had reverse effect on the escalating prices of apartments, a big luxury apartment project launched by TVH Group in Adyar seems to have set a new trend. TVH has brought down the prices by 16% where in the earlier prices were 16000 per sq. ft. It was a calculated [...] Continue Reading »
Mumbai, NCR and Bangalore alone took up 75 per cent of the total office space absorbed in India in the April-June quarter. Almost 96 per cent of the entire space was left unsold and got added to the present quarter. Other cities such as Chennai, Pune and Hyderabad experienced delays in project completions. But however, [...] Continue Reading »
Value & Budget Housing Corporation (VBHC), co-founded by former MphasiS chairman Jaithirth (Jerry) Rao and former Citibank Consumer Banking Head P S Jayakumar, has announced an expansion plan of Rs 300 crore. The company will launch nine projects of budget homes across Bangalore, Mumbai, Chennai, NCR and Baroda, offering a total of 2,500 units. VBHC [...] Continue Reading »
The Corporation of Chennai has taken up recent initiative to collect an estimated property tax of Rs. 750 crore in the year 2012-13. While the department is hopeful of this renewed tax efforts, there are key challenges ahead which are yet to be addressed. As for reaching the estimated target of 750 crore, groundwork has [...] Continue Reading »
People from rural areas are migrating to cities as a result of urbanization and industrialization. The demand for housing is increasing rapidly along with the increase in rate of migration. Apartments and flats are stretched in every direction. But yet they are not sufficient as the population is increasing at a fast pace. An abundant [...] Continue Reading »
Sobha Developers, Bangalore-based real estate company, has given a new sales guidance for the year of $363 million (Rs 2,000 crore) for this fiscal. For the same period last year, the developer managed sales of $309 million (Rs 1,700 crore). In the second quarter of FY12, the realtor launched Sobha West Hill in Coimbatore. It [...] Continue Reading »
Salt production has come down drastically due to raw untreated sewage being let out into the south Buckingham Canal and the early closure of the sand bar at the mouth of the canal where it joins the Bay of Bengal. Over the last 10 years, salt production in Kelambakkam, Thiruvidanthai, Thaiyyur, and Kalavakkam – villages [...] Continue Reading »
According to ‘India Tax Ratio 2012‘ report by TaxSpanner, an online income tax return filing portal, only 56 per cent salaried individuals surveyed in the country own a house despite earning more than Rs 10 lakh annually. And amongst those earning below Rs 10 lakh annually, only 13 per cent own a house. This shows [...] Continue Reading »
