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Higher education increases real estate demand

Higher education increases real estate demand
According to a report submitted by DTZ, a property consultant, by 2020 the higher education sector will create real estate demand of around 900 million sq ft. This is to maintain the current gross pupil enrollment ratio of 12 per cent. However, with the current pace, it is not possible to achieve the target before 2036. Gross [...] Continue Reading »

Gulani points out irregularities in NMC’s property tax system

Gulani points out irregularities in NMC’s property tax system
Nagpur- Following the notification issued by the Nagpur Municipal Corporation (NMC) to increase property tax, RTI activist Shankar Gulani pointed towards the loss of crores of property tax due to the carelessness of municipal staffers. Approximately, out of 6.5 lakh properties in the city, only 5.33 lakh have been registered with the civic agency. This [...] Continue Reading »

12,000 properties in PCB areas to get notice

12,000 properties in PCB areas to get notice
The Pune Cantonment Board is clicking properties pictures to check if it is used for industrial or residential purpose. For the first time this is being done to maintain transparency in property tax and to make an assessment for 2011-2014 property tax. PCB started off with providing notices to 12, 000 property owners. The notices [...] Continue Reading »

Illegal parking sites in Gurgaon to be cracked by HUDA

Illegal parking sites in Gurgaon to be cracked by HUDA
Gurgaon- With arrangements being made for about 7,000 cars in most of the Sectors in  the East Office region, a plan has been chalked out by the Haryana Urban Development Authority (HUDA) to crackdown all the illegal  parking spaces. Off late, quite a couple of illegal parking sites were scrapped by the HUDA officials, as they [...] Continue Reading »

BBMP pourakarmikas protest against lay offs

BBMP pourakarmikas protest against lay offs
Bangalore- The pourakarmikas of Bruhat Bangalore Mahanagara Palike (BBMP) has staged a protest, against their job lay offs, which hit garbage collection in many areas of the city. There are chances that over 8,000 pourakarmikas may be losing their jobs as there are new garbage contracts coming in before the New Year. Opposing their suspected [...] Continue Reading »

Five cellphone towers in Greater Noida shut down

Five cellphone towers in Greater Noida shut down
Noida- With the latest drives carried out by every city to remove the cellphone towers, Greater Noida Authority has already shutdown operations of about five of them which were situated  in schools and hospitals. The awareness of harmful radiations emitted from the towers has made this drive even more effective. Prior to the shutting down of the [...] Continue Reading »

No property tax for one year

No property tax for one year
Chandigarh- At least for one year the citizens need not have to worry about paying property tax. The Congress made sure that the property tax item was taken out of the checklist for house meeting. Sources explained that MP Pawan Kumar Bansal advised councillors towards raking the concern in 2013. In the meeting it was made clear [...] Continue Reading »

Complaint filed against GDA and developer by Ghaziabad residents

Complaint filed against GDA and developer by Ghaziabad residents
Ghaziabad- A police complaint was filed by the residents of an upscale housing society in Ahimsa Khand-II of Indirapuram, stating  that Ghaziabad Development Authority (GDA) and the developer was negligent regarding the appropriate fire safety measures in their society. The complaint was filed by the RWA residents when a fire broke out in the fifth floor of [...] Continue Reading »

Reputed schools influence real estate market

Reputed schools influence real estate market
Presence of reputed schools and educational institutions in an area alters the area’s realty growth. On the other hand, most of the schools are giving preference to admit students who reside within a 5 km radius. Parents choose to move into new houses or buy properties in the localities close to their kid’s school. Some [...] Continue Reading »

PMC to get more funds for housing scheme

PMC to get more funds for housing scheme
Pune- The civic bodies are now able to get more funds intended for homes schemes for the weaker people. The Centre recommended to create a whole new fund scheme intended for low-income communities in order to purchase or construct house. The ministry of housing and urban poverty alleviation (HUPA) made a decision to up-date the [...] Continue Reading »



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