Cities
Pune Municipal Corporation (PMC) has recently demolished 38 illegal structures standing tall in Shivajinagar, KasbaPeth, Wadgaonsheri, NIBM Road and Shivarkar Road. These structures which were razed by the civic body include 38 tin shed structures and eight concrete houses located in the slums. PMC has already started the demolition drive which has been one month [...] Continue Reading »
Hindustan Unilever Ltd (HUL) is now thinking of disposing of its residential properties and plots after selling/leasing out its commercial properties last year. The consumer goods giant is focusing on selling these properties basically in the metro cities which can garner revenue of Rs 100 crore. About two dozen apartments and land parcels in posh [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) has given a relief to the residents of Mumbai by announcing an extension in dates for payment of property tax. Now, the last date for paying the new capital value based property tax is extended by three months. However, an official announcement is yet to be made. For many days, citizens [...] Continue Reading »
Kochi – As the commercial activities of Kochi city are largely shifting to its suburbs, municipalities of Kalamassery, Thrikkakara, Tripunithura and Maradu are witnessing a major increase in tax collection. The municipalities are expecting a combined revenue of over 60 percent of the revenue of the Kochi corporation (Rs 60 crore). The real estate growth [...] Continue Reading »
Land details of 73 villages of the Gurgaon district have been computerised and integrated with online system. This new process will help in controlling fraud cases in sale of land deals. According to concerned officials, after the system started, delivering of hand written copy of Jamabandi in these villages has been totally banned. There will [...] Continue Reading »
TDI Infrastructure is developing a group housing project in Delhi NCR which is being funded by Kotak Realty Fund. This is the first investment by the private equity firm in a project by TDI. The housing project is spread across 29 acres area. It is a part of a larger 1,200 acre township in Kundli. [...] Continue Reading »
After the Union Budget was announced, Bangalore is expecting major developments impacting its real estate market. The recent announcement of the business corridor has brought a cheer to the city realtors. The dream project, the Peninsular Region Industrial Development Corridor (PRIDe corridor) or the Andhra Pradesh-Chennai-Bangalore-Mumbai corridor, comes close to reality, the industrial potential of [...] Continue Reading »
Jaipur- Trial runs for the Jaipur Metro at nights is likely to start in few days. The General Manager of Delhi Metro Rail Corporation (DRMC) said that, the newly purchased coaches will have trial runs in non-revenue hours (11pm to 6am). And the coaches that were brought earlier from Delhi metro will be run during [...] Continue Reading »
Property prices in India has gone up by 40 percent due to delay in clearance of projects. According to Economic Survey 2013, to start a new project, 34 procedures are required to obtain clearances which take an average time of over six months, and the issue needs to be addressed. As per the survey for [...] Continue Reading »
Gujarat – Gujarat International Finance Tec-City (GIFT City), an initiative from Gujarat government, is proceeding in full swing as per schedule. It will house India’s first International Financial Services Centre (IFSC). GIFT City is being developed on Public Private Partnership (PPP) model. It is a joint venture between state-owned Gujarat Urban Development Company Ltd (GUDC) [...] Continue Reading »
