Cities
New Delhi- The Infrastructure Development Financial Company (IDFC) is geared up to hold a whooping share of about 74 percent in the project of Delhi-Gurgaon Expressway, by relieving the project concessionaire. Despite the IDFC holding a greater share, there has not yet been any clarity about the IDFC’s move fetching benefit to the commuters. However IDFC refuses [...] Continue Reading »
New Delhi- As a carriageway of the Kalindi Kunj bridge has been closed for repairs, travelling has become an issue to commuters. The commuters who used to spend hardly forty minutes to travel from Faridabad to Nehru Place even during peak hours, have been spending around two-three hours. Many of them have started taking alternate [...] Continue Reading »
New Delhi- The latest proposal initiated by the civic body is the hike in property tax by 3 percent. This property tax hike will result in residents of New Delhi Municipal Corporation (NDMC) paying double tax from next fiscal, followed by an increase in property valuation. However, the budget of 2013-14 is expected to hike [...] Continue Reading »
According to a report by Karun Varma, managing director, Bangalore & Kochi, Jones Lang LaSalle India, stated that residential real estate in North Bangalore is going to boom in 2013. North and East Bangalore is close to international airport, the increasing number of IT projects will bring sharp focus in this area. Projects which are [...] Continue Reading »
Hyderabad- To end the dispute and joint venture with its partner, AIG Global Real Estate has decided to sell developer RMZ Corporation’s stake in a proposed Hyderabad project. They have also decided to part their ways in their other projects as well. AIG Global Real Estate is a New York-based private equity fund company while RMZ is a [...] Continue Reading »
Chennai- The residents of north Chennai will be soon relived from traffic and need not to struggle for space on the congested road. In few months a new road along north Buckingham canal will make a good way for heavy vehicles. Water Resource Department is planning to lay approximately 11 km and seven meter wide road along this canal. This canal [...] Continue Reading »
Good news for the commuters and motorists who travel from Rajajinagar,Vijayanagar and Basaveshwaranagar. The civic body is going to begin the work of Okalipuram eight lane project which was initiated in November 2008 by urban development minister S Suresh Kumar. After four years, Bruhat Bangalore Mahanagara Palike (BBMP) has given the contract to Simplex Infrastructure and Jagadish [...] Continue Reading »
Hyderabad- Hyderabad Metropolitan Development Authority (HMDA) will now not have to refund Rs 500 crore to the successful bidders of land in its Golden Mile project at Kokapet. This has come as a relief to HMDA as the order regarding the same was directed by the division bench of Andhra Pradesh High court on Dec 27. Earlier in April [...] Continue Reading »
Chennai- The first set (four coaches) of the first metro train will be launched soon in 2013. According to the officials of Chennai Metro Rail Limited (CMRL), the work has started in October 2012. The manufacturing is carried out by a factory named Alstom Transport, a French company at Sri City near Tada in Andhra Pradesh. [...] Continue Reading »
Maharashtra Housing and Area Development Authority (MHADA) has sent a notice to thirty-three real estate builders for not giving 3,300 houses to the housing board as per the rules. Now they have two months to deliver those houses. MHADA officials said that the builders failed in handling over 10 lakh square which translates to around [...] Continue Reading »
