Cities
BMC has claimed that no new taxes and charges will be included in the BMC budget to be announced for 2013-14 financial year. Also, the civic body is unlikely to announce any new projects or schemes in the next fiscal year. BMC is all set to recover Rs 29,000 crore to Rs 30,000 crore budget [...] Continue Reading »
New Delhi- Delhi Development Authority is hopeful of completing the Master Plan 2021 review by June-July 2013. In 2012, the Union urban development minister Kamal Nath had said that the mid-term review would be completed by the end of 2012. But as per sources, it was a tedious process as each amendment in the master [...] Continue Reading »
New Delhi – Bangalore-based leading realtor, Sobha Developers has sold properties worth Rs 1,540 crore during the first nine months of this fiscal. Compared to the previous fiscal, the developer has achieved 24 percent hike in its sales value. The net debt of the developer stood at Rs 1,320.8 crore as on December 31, 2012, [...] Continue Reading »
BMC has admitted that it did not act upon the illegal activities that were going on in a residential building in Sion. In a recent response to a query under the Right to Information (RTI) Act, it came into light that the civic body has not taken any action against an unlicensed residential building in [...] Continue Reading »
Global investor Blackstone is all set for a probably maiden profit from the Indian real estate market, riding on luxurious apartment sale in Bangalore. Blackstone is to exit the joint venture with southern developer, Embassy Property Developments, building 467 residential units, collecting more than Rs 210 crore, said some sources. According to sources, in just [...] Continue Reading »
New Delhi- Senior citizen friendly apartments are becoming popular in India. Many top realtors have already dedicated projects catering to the needs of the elderly people. India will have 198 million senior citizens (aged 60 and above) by 2020, according to an estimate of United Nations. This big number of senior population has been attracting [...] Continue Reading »
Chennai- Many residents of Thoraipakkam and Perungudi protested against the garbage dumping in their villages and demanded the Chennai corporation to stop doing the same. These residents formed a human chain in front of the Perungudi garbage dump yard gate situated at Pallikaranai Marsh. Some residents said that groundwater in this place resembles waste water [...] Continue Reading »
Thanisandra, a locality in north Bangalore, has witnessed a 15 percent hike in the property values during the October-December quarter 2012. The highest and the lowest price for the properties stood at Rs 4,228 per sq ft and Rs 3,992 per sq ft, respectively in this area. According to a property adviser, many good projects by reputed [...] Continue Reading »
Hyderabad- According to the metropolitan commissioner, the Hyderabad Metropolitan Development Authority (HMDA) will soon make its approval system fast and easy through online process. This online process of sanctioning buildings and layouts permissions will take around 10 days while the existing system takes three to four month in it. Currently the authorities are discussing and [...] Continue Reading »
Ulsoor, also known as Halasuru, is one of the oldest localities in Bangalore. Ulsoor has seen an increase in property prices in the October-December quarter 2012. The area has witnessed an increase of 4 percent in the average locality price during the October-December quarter. The proposed metro connectivity has been the major boost behind the [...] Continue Reading »
