Cities
New-Delhi- The country’s real estate sector 2013 outlook was revised by Indian Ratings to stable from negative due to the improvement in margin and liquidity of developers seen by the Fitch group. India Ratings has noted an encouraging trend of the ease of liquidity pressures. Real estate companies in the financial year of 2012-13 saw [...] Continue Reading »
It should be a pleasure driving along NH 17 on the west coast as the National Highway Authority of India (NHAI) as the 190 km stretch from Kundapur to the Goa border will soon have four laning. The total cost of the project will be Rs 1,756 crore approximately and the project will start by [...] Continue Reading »
Residents of western, southern and south eastern parts of Bangalore are facing water crisis as Bangalore Water Supply And Sewerage Board (BWSSB) is trying hard to plug leakage in the Cauvery 4th Stage Phase I pipeline. According to sources, the leakage occurred because of soil-testing work taken up by BMRC near Bangalore University on Mysore [...] Continue Reading »
New-Delhi- DLF, one of India’s largest real estate firms, has decided to sell away its wind energy business to settle its debt. DLF will be selling away its wind energy business for a sum of Rs. 900 crore to an un-named company which was started by the previous general Electric India Boss. As per officials, [...] Continue Reading »
Mumbai- Mumbai-based realtor, Disha Direct, has launched a premium Goan theme residential project at Alibaug, near Mumbai, with an initial investment of Rs 10 crore. The developer, which is mainly into second home business, has launched Cidade Vida which uncovers profitable investment. According to the developer, Alibaug was chosen to launch the project because it [...] Continue Reading »
Now, it would not be difficult for commuters to travel from Navi Mumbai till CST as the Central Railway (CR) plans to introduce a direct rail link between CST and Vashi-Panvel via Thane. Currently, due to the mega block between Mankhurd and Vashi/Nerul stations, travellers go to Thane and then change trains on the trans-harbour [...] Continue Reading »
The West Bengal government is planning to come up with a new policy for land acquisition that would be specifically meant for land owned by private individuals or groups. Since the auction route for land allocation is not favouring builders who are facing acute shortage of land for new development, the government has planned to [...] Continue Reading »
Ireo is coming up with new high rise residential project in Sector 67 Gurgaon. The Ireo Victory project will be spread over 26 acres and comprises of three high rise residential towers and 27 mid rise towers. The project will have 762 apartments of 2, 3, 4 and 5 BHK in simplex, duplex and penthouse [...] Continue Reading »
The draft civic budget which was presented recently with an 8% hike in property tax in Pune for 2013-14 has been opposed by a citizen group in the city. Sajag Nagrik Manch, a citizen group, has opposed the said hike in property tax for properties in Pune. However, the municipal commissioner wants the hike to [...] Continue Reading »
Civic society members have raised their concerns on the constitution of the ward committees and transparency in their functioning as the Karnataka High Court directed the BBMP to form ward committees before 21st January. An NGO in association with several RWAs, had called for a workshop on ward committees. A higher official from Bruhat Bengaluru [...] Continue Reading »
