Cities
Kochi- The Kochi Metro Rail Ltd (KMRL) is likely to sign a memorandum of understanding (MoU) with the National Highway Authority of India (NHAI) in order to resolve their differences of opinion and thus facilitate the construction of the Metro in the city. Meanwhile, the Delhi Metro Rail Corporation (DMRC) is considering plans to finalise [...] Continue Reading »
Godrej Properties, one of the renowned names in Mumbai real estate, has launched its commercial project in Bandra Kurla Complex (BKC) recently. The project spread over 1.3 million square feet is expected to garner around Rs 3,500-Rs 4,000 crore. The project called Godrej BKC is being developed under a joint development pact with Jet Airways. [...] Continue Reading »
Ghaziabad- The authorities of Ghaziabad are planning to give a new look to the city in order to make it resident-friendly. The city which was noted for pollution and crime for long time is likely to transform its appearance in the next few years. The city administration is planning to give an entire new look to [...] Continue Reading »
All property tax defaulters who claimed their four-stored houses as two-storyed in the self assessment scheme will face problem now. The Palike is going to verify the tax paid by defaulters through random check. BBMP Commissioner has set a deadline of one more month for his officials to track property tax defaulter across the city [...] Continue Reading »
The urban housing fund which was announced recently by the Finance Minister in the Budget is likely to function within a month. The minister proposed an allocation of Rs. 2,000 crore to the National Housing Bank (NHB) for initiating it. According to an official, the fund will be used for the refinancing of the banks [...] Continue Reading »
Nashik- As water scarcity issue is rising in many cities, the Nashik Municipal Corporation (NMC) has stopped builders from using potable water for the ongoing constructions by disconnecting water connections. The Corporation said that the concerned builders have to arrange water from other sources like wells, borewells, etc. This move of the civic authority of [...] Continue Reading »
Haryana is to get Rs 16.68 crore from the Central Government for making nine cities of the state sum free under the Rajiv Awas Yojana. This nine cities include Gurgaon and Faridabad along with Karnal, Panchkula,Panipat, Ambala, Yamunanagar and Hisar. An amount of Rs 1.51 crore has already been released for conducting the survey and in [...] Continue Reading »
The home loan incentive which was announced recently by the Finance Minister with the Union Budget 2013 has been the talk since its release. The real estate developers are the group who can cheer the most with the incentive. One can claim the tax deduction only if his/her loan amount is less than Rs 25 lakh. Also, it has [...] Continue Reading »
The new land pooling policy is likely to be tabled for approval at a meeting of the Delhi Development Authority (DDA). This move aims to encourage the active involvement of private sector. The government agencies are considering this as an alternative to land acquisition. The land policy so made is based on optimum utilisation of [...] Continue Reading »
Chennai – PBEL City has launched their two new towers namely Aurum and Argentum in its township at APPA Junction on the outskirts of the city. PBEL City is a 25 acre ultra-modern integrated township which comprises of 13 residential and two commercial towers with G+18 stories comprising 12 and 8 flats at each level of [...] Continue Reading »
