Kochi
Kerala is doing its bit to attract private players to partner in the implementation of 100 urban projects. Most of the projects listed are situated in urban centres, Manjalamkuzhi Ali, Minister for Urban Affairs, said. Some of them are development of Sakhthan Nagar in Thrissur (Rs 700 crore); Palayam (Rs 865.6 crore) and Big Bazar [...] 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 »
Kochi- Lulu Mall, Asia’s largest shopping mall has become the hottest shopping destination of the city. The Mall sprawls across 2.5 million square feet of space and is loaded is world class amenities and facilities. Located at Edapally junction, the mall is constructed at a cost of Rs 1,600 crore. UAE based Lulu group opened its [...] Continue Reading »
Kochi: The Kochi Corporation had requested the state government for an exemption to provide individual housing loans to families belonging to below poverty line (BPL) under the Rajiv Awas Yojana (RAY) scheme. But the government failed to take up the request following which apprehensions have been raised about the successful implementation of the scheme. According [...] Continue Reading »
Thiruvananthapuram- The Kerala government has revised the guidelines governing the ownership of constructions on wetlands and paddy fields. According to the circular issued by the local self-government department in 2012, the ownership of a property converted from a paddy field or wetland or a house constructed on the property cannot be changed for 10 years. [...] Continue Reading »
Kerala – The Union affairs Minister has approved the amendments to the Kerala Property Tax Act 2011. The new rates will be applicable from April 1, 2013 onwards. The return forms have been simplified and additional burden on homeowners has also been removed. There will be no fine imposed on the house owners who had failed to [...] Continue Reading »
Kochi – As the commercial activities of Kochi city are largely shifting to its suburbs, municipalities of Kalamassery, Thrikkakara, Tripunithura and Maradu are witnessing a major increase in tax collection. The municipalities are expecting a combined revenue of over 60 percent of the revenue of the Kochi corporation (Rs 60 crore). The real estate growth [...] Continue Reading »
Kochi- The Kochi Metro Rail Ltd (KMRL) is likely to sign a memorandum of understanding (MoU) with the National Highway Authority of India (NHAI) in order to resolve their differences of opinion and thus facilitate the construction of the Metro in the city. Meanwhile, the Delhi Metro Rail Corporation (DMRC) is considering plans to finalise [...] Continue Reading »
Kochi – If you are planning to buy an apartment in Kochi, then don’t delay your decision. It is because the Kerala government will soon pass the Kerala Apartments Regulation Act. To ensure systematic and planned development in real estate sector, a regulatory authority has been made mandatory under the act. Kerala Apartments Regulation Act will [...] Continue Reading »
Kochi- Kochi Corporation has put up a proposal of increasing building transfer fee in a measure to increase its fund-flow. In a city like Kochi, a large number of building transfers often take place, which are roughly around 3000 to 5000 per year. So the proposal of hike in building transfer fees is likely to [...] Continue Reading »
