Cities
New Delhi- Despite the flourishing Indian real estate market, the market has been witnessing a sharp decline in foreign investments in the past two years. The key reason being the lack of international standards as global investors might be too cautious about it. The Indian real estate witnessed a decrease of about $2-3 billion when compared [...] Continue Reading »
To increase the redevelopment work of the damaged buildings, the BMC has come up with an improved market policy to make it productive for developers. The Brihanmumbai Municipal Corporation (BMC) will certainly levy less quality on the sale component of the project and for fungible FSI the estate department will not charge anything. The development plan department will charge [...] Continue Reading »
New Delhi- The flat owners in Greater Noida (West) Uttar Pradesh (Gaur City I project) have stopped receiving the home loan installments from Bank of Baroda due to an ongoing litigation. When questioned about stopping the loans, Minister of State for Finance, Namo Narain Meena agreed with it and stated that property is involved in [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) is planning to levy tax on tanker companies which draw water from private wells. The civic body has already sent a proposal regarding rampant drawing of water from wells for commercial purpose to the state government for permission. The BMC does not have the power to take those wells as [...] Continue Reading »
Ahmedabad- Satellite police have started a drive for door-to-door verification of domestic help registration. Those who have not registered get booked under section 188 of Indian Penal Code for not adhering to the police commissioner’s notification. On the first day of the drive, five people were served notice for hiring domestic help without police verification. [...] Continue Reading »
Bangalore- The Bruhat Bengaluru Mahanagara Palike (BBMP) has at last determined to take up the task of resolving garbage issue following the directions of the court. BBMP Commissioner has issued a memo listing officers who have to follow up with the court’s directions and ascertain that everything is done accordingly and within the given time. [...] Continue Reading »
The Reserve Bank of India (RBI) has denied the request of banks to allow them to restructure real estate loans without providing for likely losses if the loans go bad. A loan is said to be restructured when the original terms of the agreement (interest rates, tenure) are diluted in order to support troubled borrowers [...] Continue Reading »
The Chief Minister of Assam, Tarun Gogai has visited Pune Municipal Corporation’s waste treatment plan. He visited sewage treatment and solid waste management facilities located near Naidu hospital, Bundgarden road, to survey the different methods on solid waste management practices in the city. The Pune Municipal Corporation (PMC) gave demonstration of the initiative that are [...] Continue Reading »
Greater Noida- Now Greater Noida will soon have its own convention centre based on the lines of Delhi’s India Habitat Centre and Vigyan Bhawan. The convention centre will be constructed on a public-private partnership (PPP) model and will be spread across 25 acres. However, the design and model of this project will be ready by the end [...] Continue Reading »
Mumbai- Sandhu Palace, the tallest tower on Pali Hill, which is supposed to be the most expensive controversial residential building of Bandra, is up for sale. In October, Sandhu Developers, has put the property for sale at a price of $147 million, or around Rs 800 crore. More than Rs 60,000 per sq ft, was being [...] Continue Reading »
