Cities
Owner of retail chain D-Mart, Mr. Radhakishan Damani has bought an area of 37000 sq. ft. that covers 5 floors of a building for Rs.134.25 crore at the rate of Rs.36000 per sq. ft., the current market rate for office spaces in Nariman Point. Nariman Point is one of India’s premiere business buildings being ranked [...] Continue Reading »
There had been a 52% dip in the affordable housing segment in Q3 of 2014 all across India. However, while this had been the scenario elsewhere, the housing segment in Pune is reported to have a healthy growth rate. In the third quarter of 2014, affordable housing segment across different parts of India experienced a [...] Continue Reading »
The Bengaluru Water Supply and Sewerage Board (BWSBB) has instructed all citizens to get their water connection registered and illegal by 31st December or else face criminal proceedings which will cause imprisonment of up to two and a half years. Due to the growing number of illegal water connection in the city of Bengaluru brought [...] Continue Reading »
On Wednesday the Urban Development Minister has approved a proposal set in front of them by them by the Delhi Development Authority to increase the floor area ratio abbreviated as FAR. Simplifying this point, we get to the conclusion that this means the amount of building area with respect to the plot area has been [...] Continue Reading »
A team of BBMP corporators were on an inspection drive that identified the Bagmane Tech Park as one of the buildings whose property taxes were pending. Bagmane Tech Park Pvt Ltd paid a total tax of Rs.11.46 crore on Tuesday which was due since the last financial year. Bagmane Tech Park Pvt Ltd is located [...] Continue Reading »
Due to the several illegal constructions going on at present on a notified land in Noida, the Noida Authority has issued a notice to the builders who have been alleged to be involved in the activities without taking permission. According to the release made by the Authority, notices have been pasted at the concerned sites [...] Continue Reading »
Overall in Mumbai, whenever accidents happen, the sufferings are more due to lack of facilities. Means, hospital authorities are finding extremely difficulty in moving injured people from the accident spot to the nearby hospitals. This often created more complication to treat the injured persons. Many times, they die also before reaching hospital due to time [...] Continue Reading »
Chief Justice DH Waghela has instructed the Comissioner of Bengaluru to ensure clearance of the footpaths and removing any encroachments to ensure a clear walking path for pedestrians. A PIL was filed at the High Court on the basis of the rights of pedestrians who asked the BBMP chief to take immediate steps in clearing [...] Continue Reading »
With apartment sale in luxury and middle class segment on a decline, budget housing is the new innovation in the property market. Majority of the builders are now focusing on developing housing units in under 20 lakh price range. A new Innovation Given the decline in interest among luxury customers, builders are now focusing on [...] Continue Reading »
Work on the Ahmedabad-Gandhinagar Metro rail project will commence soon. The 10,000 crore project is an ambitious development and is currently awaiting approval from the Centre, Anandiben Patel, the Chief Minister of Gujarat observed. She was speaking at inaugural function of Mega industrial exhibition being held by Vadodara Chamber of Commerce and Industries being held [...] Continue Reading »
