Cities
Residents’ Welfare Association (RWA) of Orchid Petals, located in Sector 49 Gurgaon, has now decided to provide different facilities like power back up, road and security apparatus to the residents of the apartment. The RWA has taken over the maintenance of the township and this has become the biggest development in the city’s address because in [...] Continue Reading »
Chennai – The underground tunnels of Chennai metro rail project will cross atleast 1,500 buildings in different locations covering a distance of 23 km. The tunnels would run beneath several commercial and residential areas on Washermanpet- Mannadi-High Court, May Day Park-Central, Shenoy Nagar-Pachaiyappa’s and Shenoy Nagar-Anna Nagar stretches. As per plan initiated by Delhi Metro [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) has recently spent public funds to fill up a pond which is supposed to be a heritage property. BMC has invested Rs 5.25 crore to fill a 100 year old pond located at Kandivali West with debris. The pond belongs to the collector and not the civic body, still BMC [...] Continue Reading »
The real estate fund of Aditya Birla group is thinking of buying 50 percent of stake in a project in Pune which belongs to Ashok Piramal-led realty developer Peninsula Land. The 30 acre township project in Pune is worth more than Rs 230 crore and some parts of it will be sold at around Rs [...] Continue Reading »
Earlier, the western parts of Bangalore were noted for thickly populated residential layouts and industrial zones beyond. There was no development happening on the road to Mysore leading out of the city but today the belt is covered with innumerable realty developments with a spot of vacant land in sight. The factors that improved the [...] Continue Reading »
The widening work of highway NH-24 in Indirapuram is on stake, as proposed power substation might cause an obstruction. The residents of Indirapuram have raised complaints for the construction as it is becoming a hindrance for them. Hence the National Green Tribunal has asked the Union Ministry of Road Transport and Highways to specify the [...] Continue Reading »
Hyderabad – With the financial year nearing, civic bodies all over India are coming up with new strategies to collect property tax dues. In this regard, Greater Hyderabad Municipal Corporation (GHMC) has directed that if a building is detected to be out of tax net of the civic body, the owner evading property tax will have to [...] Continue Reading »
A builder in Mumbai has been penalized for terminating a sale agreement of a flat on the grounds of alleged late payment which brings in relief to the buyer. Maharashtra State Consumer Disputes Redressal Commission has directed the builder to pay Rs 2.25 lakh as compensation to the buyer in Kandivali. The Redressal Forum observed [...] Continue Reading »
If sources are to be believed, rating agency ICRA expects the real estate market in Bangalore to continue to grow at the rate of four percent to six percent annually till FY 2015 led by the demand from new investors as well as migrants and continued growth plan of many IT, engineering and manufacturing companies based [...] Continue Reading »
Hyderabad – The Union Budget 2013-14 has disappointed entire real estate industry by highly affecting the premium homes business in Hyderabad as it has increased service tax to 3.6 percent from erstwhile 3.09% for house worth Rs 1 crore or more (carpet area of 2,000 sq ft or more). According to the real estate developers [...] Continue Reading »
