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Builders’ Association of India (BAI) has expressed concerns over issues of land acquisition, environmental clearance and labour laws, affecting real estate industry. Delay in land acquisition and environmental clearances are taking a toll on construction projects and acting as the main protagonist behind escalating their prices. 700 builders from 265 branches of BAI from across [...] Continue Reading »
Experts say that the present slowdown in the economy can be turned to a projected growth with a revival in the real estate sector. When India’s economic growth had slowed down to 6.7 per cent in 2008-09 from 9.3 per cent in the previous year, the revival of the real estate sector with a growth in [...] Continue Reading »
Orders were given by the Mayor of Allahabad, Abhilasha Gupta to extend the date of concession in house tax till October 31. The date of filing objection to the house tax was also extended till October 15. The orders were passed after complaints made by people and corporators stating that most of them haven’t got [...] Continue Reading »
The Nagpur Municipal Corporation (NMC) general body has passed the proposal to implement the new property tax system based on the capital value of properties. The assessment value has been fixed at 0.1 per cent of the capital value. The final report will be submitted to the general body after forming an all party committee [...] Continue Reading »
Ludhiana residents are irked over chemical waste being dumped on banks of a canal. Large quantities of industrial waste were dumped on the canal banks near Rara Sahib and the culprit has not been nabbed yet. People in the southwestern part of the state drink water from this canal and use the water for irrigating [...] Continue Reading »
Indore real estate scenario is not cheered up even by the festive season. The walk ins to realty sites have gone down and actions taken by the authorities against realtors have added woe to the dismal condition. The Confederation of Real Estate Developers’ Associations of India (CREDAI) hopes that things may improve during the forthcoming [...] Continue Reading »
Deolali Cantonment Board in Nashik is facing serious crisis due to lack of infrastructure in the face of rising population and emergence of new localities in Deolali. To address the issues and to develop the infrastructure, the Cantonment Board is looking forward to a financial aid of Rs 70 crore from the Centre. The Board [...] Continue Reading »
Four residents of Bhagwat Nagar in Patna have gone on fast-unto-death to protest the anti-encroachment drive by Patna Municipal Corporation (PMC) and district administration. The civic authorities have started the demolition drive complying with the order of the Supreme Court. As many as 266 houses were built allegedly in the locality without their design approval [...] Continue Reading »
Various leading banks have now made it possible for the home buyers to pay back their loan at leisure. Banks have adopted this policy in order to improve their retail credit group. The first ever bank with the longest year of repayment in the India’s banking history is the State Bank of India (SBI) with [...] Continue Reading »
The e-payment property tax facility introduced in Hubli-Dharwad 6 months ago has failed to create an impact. The e-payment facility was initiated by the Hubli-Dharwad Municipal Corporation (HDMC) to make the system hassle free and people friendly. Most of the citizens prefer the manual method of paying their property tax. The studies have shown that [...] Continue Reading »
