Other cities
The Ooty municipal officials have disconnected water supply to at least six of the government buildings in Ooty town. This step has taken as those properties were failed to clear the property tax in stipulated time. The municipality has short-listed at least 18 government properties for which property tax has not yet been paid. Many [...] Continue Reading »
The Gautam Budh Nagar district administration has proposed to hike the circle rates of property in Noida by 10-30%. The authority of the finance department has granted a preliminary approval to the new rates. Circle rate is the minimum rate at which stamp duty is charged on transaction of a property. And the authority has [...] Continue Reading »
Professionals from outside Indore are having a hard time getting a suitable accommodation in the commercial capital. The cost of staying is unaffordable in some posh areas like Palasia, Saket and Zanjeerwala crossing. The rental apartments in Indore are way beyond their means. As cost of rental properties in Indore are increasing, tenants are forced [...] Continue Reading »
Vishwas Bawa Builders inaugurated the residential apartment in Mangalore. Vishwas Planet is constructed near Pandeshwar. 35 flats were constructed in the apartment complex. The entire complex is surrounded with greenery. 2BHK and 3BHK flats were constructed in the project. According to the builder all the apartments were sold out. Rain water harvesting is available in [...] Continue Reading »
Department of Local Bodies in Chandigarh has proposed to charge 10% power bill as property tax for the property owners in urban areas of the state. The government has planned to calculate the amount of property tax based on the power consumption by the owner, not be based on the size of the property. The [...] Continue Reading »
The Nagpur Municipal Corporation (NMC) has planned to fast track the re-valuation and assessment work of properties in Nagpur for tax purposes pending for last many years. This delay is causing lot of inconvenience to the citizens and also losses to NMC. The department is waiting to finalize the decision on property tax based on [...] Continue Reading »
Puravankara Projects is planning to launch 5 new real estate projects in Financial Year 2013. The projects will be constructed in the cities of Bangalore, Chennai, Coimbatore, Mangalore and Mysore. Puravankara is looking to sell 3 million square feet of projects in coming financial year. The company is also planning to utilize the demand for [...] Continue Reading »
Few residents in Varunapuri, Vasco, could get access to their homes cut off as the Navy will close its compound for them from June 1, 2012. Seven civilian families living in an area of Varunapuri can reach their homes only by passing through naval land. And the Navy had served notice to the state authorities, [...] Continue Reading »
According to real estate market experts, commercial investment is better than investment in to residential properties in India. As investors can get stable and secured rental returns from a commercial investment in a premium location. Even if, anyone invests higher for a good location and good development today, in the long run, it will pay [...] Continue Reading »
The government is taking strong position against the illegal constructions in India. In a recent incident, the Noida authorities have put a halt to work on four housing projects of Logix Infratech Pvt Ltd citing violation of building laws. Thousands of apartments in Noida were constructed at Sectors 150, 147 and 137 by Logix group, [...] Continue Reading »
