Cities
Kanpur- City mayor, Jagatveer Singh Drona announced a meeting of Kanpur Municipal Corporation officials on Dec 15 to discuss the matter regarding the increment in house tax. Nagar nigam officials finalised an increment of 10 to 15 per cent on annual letting value of the house last month. However, many corporators opposed the tax hike [...] Continue Reading »
Nagpur- Nagpur Municipal Corporation is very soon planning to save and approve at least 3 projects under the central government’s Jawaharlal Nehru National Urban Renewal Mission (JNNURM). The projects namely sewage water treatment plant, Maskasath railway overbridge (ROB) and 24X7water supply project are of worth Rs 520 crore. Municipal commissioner Shyam Wardhane assured to complete all [...] Continue Reading »
Bangalore- Violating the norms of the Karnataka Industrial Areas Development Board (KIADB), large and medium industries minister Murugesh Nirani, has allotted a prime industrial plot in Peenya to S Nagarathna, wife of environment minister Sogadu Shivanna, alleged an RTI activist. Dinesh Kallahalli, the RTI activist, blaming Nirani, Shivanna and KIADB general manager Ashok R Manami [...] Continue Reading »
Indiareit Fund Advisors, the real estate private equity arm of Piramal Enterprises who invested Rs 440 crores has exited from the three realty projects including a residential project in Pune, a premium luxury project in Mumbai and phased stake sale of an SEZ within a township project located at Hinjewadi, Pune, being developed by Paranjape [...] Continue Reading »
Chennai- Perumbakkam, a suburban residential hub of South Chennai, has observed 8 percent increase in average property values in the last quarter. The area, offering a wide range of multi-storey apartments, is well connected to the IT hubs of OMR and Sholinganallur through the ECR Link Road. The rate per sqft of properties in Perumbakkam [...] Continue Reading »
Bangalore- In terms of quality of living, Bangalore tops all other cities in India, reveals a recent survey by global HR consultancy Mercer. According to Mercer’s 2012 Quality of Living Index, the Silicon City Bangalore being ranked at 139, leads among other prime cities of India including New Delhi (143), Mumbai (146), Chennai (150) and [...] Continue Reading »
Bangalore- Wipro, India’s third largest software services company, is planning to build its largest campus which can house at least 30,000 employees in Bangalore. Hariprasad Hegde, vice-president and global head of operations at Wipro, revealed that the master plan for the new campus is about to be finalised. The campus will be spread across 50 [...] Continue Reading »
New Delhi- Now commuters from South Delhi to Gurgaon and Faridabad need not fret about the traffic as the Delhi Government has decided to come up with a construction of a four-lane road stretching from Mehrauli-Gurgaon Road to Gurgaon-Faridabad road. This project is funded by the urban development ministry with Rs. 597- crore. The road will measure [...] Continue Reading »
Bombay realty, the real estate arm of Business conglomerate Wadia Group is coming up with its first fully integrated mixed-use project in Mumbai. The project ‘Island City Center’ will be located in Dadar. The project is spread over 29 acres which will host luxury residences, a five-star hotel, offices, serviced apartments, a high street, a mall, an [...] Continue Reading »
Tata Group’s realty firm Tata Housing Development Company Ltd has sold 150 luxury houses in just two days after its launch at Gurgaon for Rs 350 crores. The company said that they have sold the entire second phase of the project “Primanti” comprises of 150 apartments spread across 4,50,000 sq ft for Rs 350 crore. TATA Primanti [...] Continue Reading »
