Cities
Chennai- As time passes by, Chennai metro rail project is soon to reach its official deadline. As per plan initiated by Delhi Metro Rail Corporation Limited (DMRC), the Chennai metro rail phase I will be planned as two corridors. The First, starts from Washermenpet and ends at the Chennai International Airport covering a distance of [...] Continue Reading »
New Delhi: Delhi’s troubled high-speed airport metro which was reopened last week will now run with full swing. The Airport Metro’s speed has been increased by 10 kmph. Earlier the trains on this line were allowed to run at a speed of 105 kmph. Owing to defects in the bearings supporting the track, in July 2012, the Airport [...] Continue Reading »
Now, citizens in Pune can breathe a sigh of relief. With increasing complaints from citizens of not receiving property tax bills or getting them too late to avail a 10 percent tax rebate, the Pune Municipal Corporation (PMC) has introduced a tool on their website for their ease. Around six lakh properties in Pune come [...] Continue Reading »
With the new property tax system in place, the Property Owners’ Association (POA) has called for a meeting, in which they asked the BMC to reconsider the new tax system. The new capital value-based property tax system has not gone well with the owners/landlords as it does not offer any cap for buildings that got [...] Continue Reading »
Delhi- On a measure to curb tax evasion and ensure 100 percent property tax collection, the North Delhi Municipal Corporation has been planning to start door-to-door collection of property tax. As per the plan, the plot sizes will be measured on the spot through an equipment supplied by the Corporation and calculation of property tax [...] Continue Reading »
The North line of the Namma Metro between Sampige Road and Peenya will be taking more passengers, which comes in as a major relief for commuters, said Managing Director, Bangalore Metro Rail Corporation Ltd (BMRCL). According to the statistics from the Bangalore Metropolitan Transport Corporation (BMTC), there were five lakh footfalls every day on public [...] Continue Reading »
Bhartiya International, a fashion apparel exporter has made its entry in the real estate sector by launching a Rs 1,400 crore project in Bangalore. The company plans to fund the project through a mix of internal accruals and debt. The promoters of the Delhi-based company have a land of 125 acres in Bangalore near Hebbal [...] Continue Reading »
Chandigarh- The monthly housing meeting of Chandigarh Municipal Corporation held on January 31, 2013 resulted in elaborated calculation to levy house tax in the city. It proposed imposition of tax as follows- a) For owners having house more 125 sq yd or five marlas or 1360 sq ft area are suppose to pay house tax [...] Continue Reading »
Delhi- One of the major reasons for acute shortfall of housing in Delhi is the lower floor area ratio (FAR) which does not allow high-rise apartments in Delhi. Thousands of high-rises with having 15 to 20 floors are found in Mumbai and National Capital Region (NCR), since the FAR value is high. But it is [...] Continue Reading »
Ahmedabad – The Ahmedabad Municipal Corporation (AMC) has extended the time period of rebate scheme of paying property tax till February 21, 2013. Every year AMC launches this scheme during the end of financial year to recover the property tax. Last year this scheme was extended till March 31, 2011. This announcement will relieve those [...] Continue Reading »
