Cities
The State government is planning to improve the rail connectivity from Bangalore to Mysore region by focusing on a rail project that was surveyed during the regime of UPA-1. The Bangalore-Chamarajnagar rail line will be put on track and the chief minister is soon going to announce financial assistance for the project. The rail project [...] Continue Reading »
The revenue taxes for the commercial, excise and motor vehicles departments have been hiked by the government. An additional Rs 6, 850 crore is to create from this three departments and further a sum of Rs 900 crore is expected from the stamps and registration department, and the total revenue to be mobilized will touch [...] Continue Reading »
Hyderabad- As the process of linking cooking gas cylinders (LPG) to Aadhaar card is ongoing, many questions are left unanswered by authorities regarding the subsidy money which will be deposited by the oil companies in customer’s bank account before the supply of gas to consumer. The President of Hyderabad LPG dealer’s association asked questions related to amount [...] Continue Reading »
Hyderabad- Although the Telangana unrest is prevailing but it will not affect the residential real estate market of Hyderabad. The last three months of 2012 saw a spurt in residential launches. According to Cushman & Wakefield’s Research Publication, Hyderabad residential market was highly affected by the land reservation clauses which led to many launches in [...] Continue Reading »
With the new property tax system in place, Brihanmumbai Municipal Corporation (BMC) is yet to frame guidelines to decide on weightages needed for calculation of the tax. For buildings with multiple-age and construction types, deciding on the weightages is one of the crucial parameters for calculation of the tax. A weightage is defined as the capital value [...] Continue Reading »
Gurgaon is witnessing high demand for home automation. The factors behind this high demand are new product offerings, greater influx of end-user demand and an increasing upwardly-mobile mid-segment, luxury and ultra-luxury housing projects. City-based home automation companies have witnessed over a 100 percent rise in their business in the past three years and are betting [...] Continue Reading »
The fight between North and South Delhi Municipal Corporation for the ownership of the Civic Centre getting murkier day by day. With the North Corporation demanding property tax from South Corporation against the use of premises at the 28-storey building, the South Corporation is questioning the ownership claims of North Corporation over it. The South [...] Continue Reading »
Delhi-NCR- The prices of properties, particularly in NCR, are about to witness a downfall in the near future, presume National Housing Bank (NHB). Along with this, 20 percent growth is expected in the residential sector during the current financial year against 17 percent in the last fiscal. Many cities including NCR region have observed fall [...] Continue Reading »
According to sources, International Finance Corporation (IFC), the private sector investment arm of the World Bank Group which invests through various forms such as equity, quasi-equity and debt, is looking to invest up to $50 million in Tata Housing Development Company’s affordable housing arm Smart Value Homes Ltd. Smart Value Homes is going to use [...] Continue Reading »
Ghaziabad- The flourishing real estate market of Ghaziabad is further getting elevated with a new connectivity project. The work has been resumed on the link road between Greater Noida and Ghaziabad which connects the active Zeta sector in Greater Noida with the Vijay Nagar Bypass on NH-24. The proposed 22 km-long link road project comes [...] Continue Reading »
