Cities
IL&FS Milestone realty Advisors, one of the property funds is in talks with Blackstone, Morgan Stanley and GIC to seel its entire stakes in a commercial project in Mumbai. The project is worth Rs 1,000 crore revenue and has 1.2 million sq ft of leasable space in three 14-storey towers which is fully occupied. Siemens, Future Group, DHL [...] Continue Reading »
Coimbatore - Many people get confused whether it is the plinth area or the carpet area that has to be considered while assessing property tax. Well, Mr. Sundararajan, Assistant Commissioner, Revenue, clarifies the doubt with clear explanation. He said that the Coimbatore Corporation considers the plinth area and not the carpet area in assessing property tax. [...] Continue Reading »
Despite Indian roads being built and repaired everyday, they still consist of potholes and pits. They have a long history of seldom lasting and disappearing. The key reason for this is that the Indian government still follows the age old technique without any long term success rate. The Ministry of Road Transport and Highways has [...] Continue Reading »
New Delhi- The highway builder’s apex body, NHBF has written to the Prime Minister seeking to direct NHAI to invite bids only after land acquisition and other clearances are put in place. The letter stated that the sector is going through a difficult phase with a large number of projects yet to achieve financial closure. While [...] Continue Reading »
Kolkata- Trinamool Congress (TMC) led Zilla Parishad has issued a notice for land acquisition in Nandigram which has made the residents unhappy. The residents, whose land is supposed to be acquired by TMC, have clearly said that unless proper compensation is not given, they will not give the land for road development. Some residents alleged [...] Continue Reading »
DS-Max Sunshine, the new residential project by DS-Max Properties, is located at Thanisandra. The project is expected to get completed by the end of 2014. A unique blend of quality and lifestyle, DS- Max Sunshine offers a desirable blend of a prime location and state of the art amenities and facilities. The project is planned [...] Continue Reading »
The 40% of government leases of the plots in Mumbai have expired long back, some as far back as the 1950s. Of the 1,282 plots leased, the lease of 532 plots had expired and the government has not bothered to renew it. 51.66 lakh sq mt of leased land situated in South Mumbai is fetching [...] Continue Reading »
The upwardly rising housing budget is expected to make the dream of owing a home difficult for the middle class and the lower income groups in India. The skyrocketing realty prices along with the increasing registration and the construction costs have compelled most of the buyers to opt for a rented house rather than investing in a [...] Continue Reading »
Greater Noida- Now the distressed home buyers of the Greater Noida West area (Noida Extension) need not run from post to post seeking help owing to the cancellation of their bookings as the National Consumer Dispute Redressal Commission has stayed the cancellation order of about 100 such flats offering relief to the buyers. Earlier last month, the Noida Extension Flat Owners [...] Continue Reading »
The real estate sector in Mangalore and surrounding areas are booming with the builders announcing more projects, causing a rapid urbanization. In the past few weeks, three projects were launched near Gandhi Park. According to a real estate expert, the growth of the real estate in Mangalore is because of the entry of reputed developers such [...] Continue Reading »
