Other cities
This festival season, the Patna Municipal Corporation (PMC) is concerned about the cleanliness of the city. They have strictly asked the pooja organisers to keep the city clean while building pandals and immersing idols. Pooja organisers have asked to keep at least four dustbins near pandals, so that the sanitation workers an ollect the garbage [...] Continue Reading »
The rate of interest may not have fallen significantly this year, but due to the difference in new and old home loan interest, the borrowers are shifting their loan from existing lenders to cheap lenders. The State Bank of India (SBI) is offering Rs 30 lakh home loan for the new borrowers at the most [...] Continue Reading »
The green belts of Western and the Eastern Ghats which were lorded by the epic Veerappan’s rule are no more haunted. People have ventured into these areas and are planning to establish structures. Various realtors are crowding the villages of Dhimbam, Hassanur and Thalavady in Sathyamangalam taluk area to convert the revenue lands into plots and farms. [...] Continue Reading »
In order to attract customers and beat competition, State Bank of India (SBI) has cut processing fee on home loans, which is till December 31 this year. SBI’s processing fee cut will affect it’s rivals like HDFC, ICICI Bank and Axis Bank adversely, since it has already cut it’s home loan rates. In order to [...] Continue Reading »
The two potential bidders, Government of Singapore Investment Corporation (GIC) and private investor Red Fort Capital are to acquire the real estate assets of Hindustan Teleprinters (HTL), where Himachal Futuristic Communication (HFCL) holds 74% stake. After HTL was deemed as non performing assest, SBI took possession of 10.16 acre company land, in Chennai. The final [...] Continue Reading »
The long delayed controversial Land Acquisition Bill was cleared by the Group of Ministers (GoM) and will introduce in the Parliament. About two third of the land loser’s consent is being proposed in the final draft in order to purchase the land for public-private-partnership and private projects. The bill will be introduced in Parliament, possibly in [...] Continue Reading »
Due to the inventory build-up in certain areas in the city, it was stated by the National Housing Bank (NHB) that there might be certain amount of price correction in the housing sector. The projects which are unsold due to the high price perception will witness price correction simultaneously to the current reduced revision in the housing loans, announced [...] Continue Reading »
Mysore’s real estate has received a boost as construction activity, with the city’s municipal corporation issuing over 100 licenses to builders for residential projects. Most of the realty developments are coming up along the arterial and peripheral roads, especially the Outer Ring Road area. The local players in the residential property segment are hopeful of [...] Continue Reading »
The Secundrabad Cantonment Board (SCB) has set triennial revenue target at Rs 60 crore. It has completed the triennial revision of property tax of around 300 commercial establishments in its jurisdiction. SCB has done the triennial revision after a gap of 10 years. Cantonment Board had formed special teams and visited all the commercial properties [...] Continue Reading »
Mysore realty market has become an attraction for non-resident Indians (NRIs). NRIs and expats from Karnataka are increasingly showing an interest in the real estate market of Mysore for residential as well as for business purpose. Currently, there are over 30 residential projects in Mysore being developed primarily for NRIs. The reason behind the increased [...] Continue Reading »
