Coimbatore
A day after declaring Rs 25,000 crore Alternative Investment Fund (AIF) for stalled housing projects by FM Nirmala Sitharaman, has made it clear that residential housing projects facing litigation in High and Supreme Court will not be cover under this funding plan. At the same time, the government suggested homebuyers to interact with lenders for [...] Continue Reading »
Providing relief to lakhs of homebuyers, FM Nirmala Sitharaman announced an alternative investment fund of Rs 25 crore to help the real estate sector for 1,600 stalled housing projects covering 4.58 lakh units. Government’s aim to give incentive to the real estate market to improve. The decision was approved by the Union Cabinet at a [...] Continue Reading »
The fast developing city Coimbatore – Tirupur – Erode Industrial Corridor is expected to receive a major boost in its real estate sector that has been a result of a changing economic scenario. Coimbatore is developing at a rapid pace with upcoming IT and Healthcare industries coming up. The industrial corridor as it is known, [...] Continue Reading »
The local planning authority (LPA) in Coimbatore conducted a detailed inspection of development projects in the city, the reports of which revealed that 47 out of the 67 projects have deviated from their approved plans. Notices to be sent: The 47 development projects in Coimbatore which have been inspected by the Local Planning Authority will [...] Continue Reading »
Chief Minister J Jayalalithaa on Sunday announced several projects worth more than Rs 2,000 crore for infrastructure development in Coimbatore city. The projects include 2,912 houses for the homeless to be built at a cost of Rs 443.6 crore, underground drainage and storm water drains in extended areas of the city corporation at an estimated [...] Continue Reading »
The Tamil Nadu Government has been thinking about the setting up of a monorail project for easing the public transport in Coimbatore. This is the second project in the State the first one was planned in Chennai. This 43.5 km monorail project is structured as two projects with two lines. The transport department also planned [...] Continue Reading »
Coimbatore Master Plan is expected to be delayed by another two months. Geographical Information System (GIS) is not expected to be completed by the February 28 deadline. GIS helps to determine the existing land use patterns. The existing land use patterns in the district are being mapped by an eighteen member team of volunteers from [...] Continue Reading »
Over the years, real estate has grown vastly in the prime cities of India such as Mumbai, Delhi-NCR, Chennai, Bangalore and Kolkata. The leading cities witnessed rapid growth with the wide-spreading industrialisation attracting massive population. After the tier-1 cities, now it’s time for the tier-2 and tier-3 cities to see significant pressures on their infrastructure [...] Continue Reading »
Coimbatore – Recently Coimbatore Corporation added one more new feature named “property tax calculation” in its website. As per the Commissioner, this new feature will help the assessee to know the calculations done by civic body for the same. He added that to know the property tax calculations, assessee need to click Public Disclosures’ in [...] Continue Reading »
Coimbatore - Many people get confused whether it is the plinth area or the carpet area that has to be considered while assessing property tax. Well, Mr. Sundararajan, Assistant Commissioner, Revenue, clarifies the doubt with clear explanation. He said that the Coimbatore Corporation considers the plinth area and not the carpet area in assessing property tax. [...] Continue Reading »
