Kochi
The US Consulate in Chennai is all set to open American Business Corners in Kochi and Thiruvananthapuram to provide further stimulus to the US-Kerala bilateral business relations. The American Business Corners- or ABCs- will be opened in the two cities in September to coincide with the Emerging Kerala Summit. The US consulate will participate in [...] Continue Reading »
Owing to the deteriorating rupee value, expatriates are busy buying properties especially in tier III cities of India like Kozhikode. Many NRIs, especially from Gulf countries, are planning to return back home. With the availability of well-set educational institutes, health care and general quality of life, the city is fast becoming a preferred place for the [...] Continue Reading »
Realty giant DLF is all set to sell at least two out of the three non-core businesses as it plans to cut its Rs 23,000 crore debt to about Rs 17,000 crore in the current fiscal. DLF Group Executive Director Rajeev Talwar revealed that the group is all set to sell its luxury hospitality chain [...] Continue Reading »
The real estate sector in Thiruvananthapuram is mainly focusing on the city centric areas as the relators believe that people prefer to stay in than city outskirts. Builders are redesigning the apartments by reducing floor ratio in order to make them affordable for middle-income group of buyers. According to Artech CEO, T S Asok, the [...] Continue Reading »
Despite low demand for real estate projects in Kochi, realtors deny to reduce prices hoping that the sector will soon recover from the current situation. The average price of double bedroom flats in the city varies from Rs 35 lakh to Rs 45 lakh. Realtors say that majority of the apartment projects in Kochi were [...] Continue Reading »
The money transfers to India by NRIs will not come under the realm of service tax as said by Prime Minister Manmohan Singh. Kerala chief minister, Oommen Chandy, said that the Prime Minister has dismissed all the reports related to levy of tax on the money of Indians working abroad. The Prime Minister asked for [...] Continue Reading »
The builders of India seem to have learnt that luxury amenities attract rich buyers of the new era the most. To keep pace with the changing lifestyles, builders have started implementing high class amenities like Jacuzzi, squash court and cinema halls, in their luxury projects. Keeping in mind the requirements of young generation and new [...] Continue Reading »
Given the huge task covering 4 lakh door numbers in the city and issuing tax returns form to all residents, offices and shops concerned, Kochi Corporation may not be able to meet the deadline set by the government, which is August 16. Revenue department officials admit it will not be possible to complete the process [...] Continue Reading »
The Kerala State Housing Board is set to launch commercial ventures to build 60 green apartments in Kochi and Thiruvananthapuram. The apartments will be set up on land it owns in Panampilly Nagar in Kochi and Ambala Nagar in Thiruvananthapuram. The Board has applied for Green Rating for Integrated Habitat Assessment (Griha), the national rating [...] Continue Reading »
Residents of Greater Kochi have opposed the idea of upcoming industrial projects in the areas of Eloor-Edayar and Ambal-amugal. This is because of the fact that there is less qualitative work done for the improvement in the condition of air, soil and water in the area and the new projects will deteriorate it more. The [...] Continue Reading »
