Cities
The government is coming up with new Bill with the forthcoming budget session in the parliament so that the real estate sector can be regulated with proper rules and regulations as commented by the Housing minister Ajay Maken. The Bill is introduced so that the real estate developers and investors can carry out a fair [...] Continue Reading »
With the increasing population, there has been an increase in garbage from every area in Pune. So, to keep this in check, the Pune Municipal Corporation (PMC) is planning to increase the number of garbage processing units across the city. With the existing mechanism, PMC is able to process 70% of the city’s garbage and [...] Continue Reading »
With the announcement of new industrial policy in Maharashtra, property prices are expected to witness a downtrend in metropolitan region, especially Navi Mumbai. As per new industrial policy, corporate groups are going to use 40% of their land to build commercial shops and housing projects in Mumbai. Furthermore, houses and shops can be built on [...] Continue Reading »
The Subramanyapura lake in Uttarahalli, which was left unnoticed for nearly five years, will now get a new life and the recovery work will be done by Bruhat Bangalore Mahanagara Palike (BBMP) in association with other civic agencies and government bodies. Higher official of BBMP visited that lake and found that the lake was illegally [...] Continue Reading »
Surat- The Income Tax department wing of Surat conducted a raid on six renowned real estate developers and two civil advocates in the city. The department recovered assets worth Rs 92 crore in the search. The income tax sleuths have recovered Rs 8 lakh in cash and Rs 45 lakh worth of jewellery from bank [...] Continue Reading »
Hyderabad- The joint ventured company PBEL Property Development (India) pvt limited has planned to launch two towers in its larger PBEL City township project at APPA Junction on the outskirts of the city. PBEL developers construct and owns residential properties, commercial centers, office space, cargo facilities and Hi-tech industrial parks. This township at APPA junction is very [...] Continue Reading »
Mahadevapura which is located near the commercial hubs Whitefield and Brookfield has witnessed 20 percent capital appreciation during the October-December’12 quarter. The properties are now available at between Rs 4,500 to Rs 5,000 per sq ft which was available at Rs 3,500-4,000 per sq ft, according to the real estate brokers of that area. The [...] Continue Reading »
The 8000 hutments in Ganpat Patil Nagar on Link Road, Dahisar are posing as environment threat for the city. These illegal properties are not only sore to eye but are also encroachments which have gone too far on vast tracts of mangroves. The illegal slums in the coastal stretch of Dahisar are increasing at an [...] Continue Reading »
Kanpur- In order to curb illegal constructions in the city, Kanpur Development Authority (KDA) started a drive from 2nd January to seal illegal constructions across the city. The drive is moving in full swing and the Authority has sealed over 135 illegal buildings and under-construction structures. According to KDA officials, the drive will not stop [...] Continue Reading »
The Bangalore based real estate developer, Prestige Group is planning to spread out their real estate business in 2013. A higher official of Prestige group believes that there are many areas in Bangalore which are fast approaching saturation because of infrastructural constraints. One can expect improvement and increased development in selected areas in Bangalore including townships in [...] Continue Reading »
