Cities
Mumbai- Earlier, authorities in Maharastra had declined the amendment in the calculation of education and employment guarantee cess in property tax. The amendment was awaiting approval. Recently the state Cabinet approved the proposal in calculating the cess in property tax. However, two Cabinet Ministers Narayan Rane and Naseem Khan showed their dismay over the impact [...] Continue Reading »
Coimbatore- Earlier, the civic body had passed a proposal to construct skywalks in front of railway station, Ukkadam, Coimbatore Medical College Hospital and in front of the new bus terminus on Mettupalayam Road for pedestrains to cross the busy traffic. But now the civic body has dropped the plan of constructing the skywalks near Mettupalayam bus stand [...] Continue Reading »
Bangalore- A Ravindra, the chief advisor of Karnataka Chief Minister, stressed on the need for a water regulatory authority which would fix tariff for water consumption, as there has not been any water tariff revisions made in the city for years. Athena Infonomics, a research based consultancy firm, and the British High Commission along with [...] Continue Reading »
New Delhi- A portion of land in the prime location of Mumbai was being usurped by a builder with the use of an irregular No Objection Certificate under the defence security. Apparently, the CAG has critisised the Army for this. The local defense authorities were being targeted by the government stating that despite few fraudulent activities concerning the piece [...] Continue Reading »
Bangalore- The real estate market of areas located close to the Metro line in the city, have been observing good growth. It has been over a year that the MG Road to Byappanahalli Metro rail started functioning. K R Puram, C V Raman Nagar, Byappanahalli and Ulsoor are some of the areas that lie in [...] Continue Reading »
Bangalore- Many real estate-focused fund managers are coming up with their own ventures and are developing clear fundraising strategies to convince the investors. Bani Banerjee, former executive director and chief investment officer of TCG Real Estate, who has recently set up an advisory and asset management company, India Global Inc. Pvt. Ltd., said that not [...] Continue Reading »
New Delhi- Since the banking industry’s spotlight shifts to retail borrowers, the Union Bank of India has reduced the home loan rates by 0.25 percent. The bank announced that the revised rates are applicable from November 29. For home loans up to Rs 75 lakh, the base rate at 10.50 per cent will be applicable, [...] Continue Reading »
A complaint filed by DGCOM Buyers and Owners Association against Delhi-based leading realtor DLF, alleging market power exploitation, has been declined by the Competition Commission of India (CCI). The Chennai-based association had filed a petition with CCI claiming that DLF has misused its dominant market position relating to a residential project in Chennai. The petition [...] Continue Reading »
Bangalore- Lack of proper groundwork before initiating the project by the Bruhat Bengaluru Mahanagara Palike (BBMP) has led to garbage mismanagement in the city, said Dr. A Ravindra, Advisor to the CM of Karnataka. According to Ravindra, several awareness campaigns and huge preparation are required before implementing any change in solid waste management, particularly, in [...] Continue Reading »
Bangalore- Phoenix Mills Ltd is planning to buy Everstone Capital’s real estate fund in Bangalore for $12 million (Rs 68 crore). The firm is in talks to buy 7.73 percent stake of Horizon Realty Fund LLC and 18.27 percent stake of Horizon Ventures II, which together, is approximately worth Rs 261 core. As of now, [...] Continue Reading »
