Cities
Residents of various labour colonies in Delhi will be given ownership rights as planned by the government, ahead of Assembly elections. The proposal will be forwarded to Delhi cabinet for approval. Around 4,844 houses of four colonies named Nehru Nagar, Giri nagar, Moti Nagar and Vishwakarma, will be made freehold. AK Walia, labour department minister [...] Continue Reading »
Chennai – The IT corridor of Chennai, Old Mahabalipuram Road (OMR) is yet again witnessing the tallest building in the state. This area already embraces two tallest buildings of the state. The latest and the tallest building of the state is launched by Archean Group. This tallest residential project is positioned near Siruseri IT Park [...] Continue Reading »
Lodha Group is all set to achieve a new feat which has not been achieved by any other builder. The group is set to get new sales of over 70% this fiscal year to cross the Rs 10,000 crore mark. The MD of the company has claimed that they have been in the Rs 5,000-6,000 [...] Continue Reading »
Environmental Clearance (EC), mandatory as per court order, made all construction work at Greater Noida region into a halt. The plots less than 20,000 square metrs are also included in the order criteria. State officials feels, developers are confused about the exact procedure; hence they have stopped the activity. Many projects in the region is [...] Continue Reading »
In the Union budget of 2013-14, the housing minister had asked the finance ministry to raise the tax deduction limit on home loan to Rs 2 lakh from the existing Rs 1.50 lakh. This decision will be a relief to the needful borrowers suffering due to high interest rates. This will also boost the housing sector through this relief [...] Continue Reading »
National Highways Authority of India (NHAI) is seeking to push a relief package for road developers as many are under stress and are finding it tough to raise debt and equity to finance projects they had bagged by offering to pay a premium. Now the agency is looking to get approval for a staggered payment which will [...] Continue Reading »
Delhi Development Authority (DDA) has released almost Rs 120 crore to the South corporation after the North corporation attached its banks account following non-payment of property tax dues. The duo corporation is going through loggerheads over revenue earned from property tax since long. Now north corporation wants its share in the amount released by DDA. Around [...] Continue Reading »
With one developer scrapping its project, the dream of affordable housing in Greater Noida West (Noida Extension) has started to shatter. Even though the master plan got approval from the NCR Planning Board, the issues of farmers and home buyers have still not been sorted out. Construction has not even resumed in several sites. Around [...] Continue Reading »
Nashik – The budget 2013 for the upcoming financial year is expected to have a 10 percent hike in the residential property tax as suggested by the civic administration. This policy was presented to the chairman of the standing committee of the Nashik Municipal Corporation (NMC). The decision is yet to be taken by the standing [...] Continue Reading »
Pimpri Chinchwad Municipal Corporation (PCMC) is able to spend only 42% of the total fund which was allocated to the civic body for capital intensive development works for the financial year 2012-13. Earlier, Rs 741.95 crore was provided in the 2012-13 budget which was increased to Rs 789.81 crore in the revised budget. However, the [...] Continue Reading »
