Cities
New Delhi- An issue raised in the standing committee stating that obtaining a complete certification is quite a tedious task and with the former issue of the certificates from October 2008 to December 2010, the corporation missed on charging the compounding fee based on the 2007 circle rates and instead the former charges from 1998-20 were practiced. [...] Continue Reading »
It has been found that there is a downfall in the rental value mainly in the metro cities, however, the price of the property remains constant. Rental values have reduced to one percent in the Mumbai Metropolitan Region and the National Capital Region (NCR) which was 3-5 percent in 2010 and 2-3 percent in 2011. [...] Continue Reading »
New Delhi- With the approval of the regularisation of the unauthorised colonies by the Delhi government, it was declared by the three municipal agencies that the work on the layout is yet to begin. According to the officials, the Delhi Government is yet to fix the cut-off date by further planning the layouts. However, in 2007, [...] Continue Reading »
Chennai- According to a report by Knight Frank, in next five years Medavakkam is expected to outscore other residential hubs with regard to real estate property. Medavakkam is among 13 top investment destinations to appreciate more than 90 percent. The survey has taken a number of things into consideration such as lifestyle change, job creation [...] Continue Reading »
Hyderabad- The month of October saw the highest number of water bills being paid with about 3.74 lakh (nearly 47%) generating a revenue of Rs. 51.14 crore. The collection in October is the highest in history with the water board having 7.95 lakh consumers throughout. However, on the other hand this data proves that more than 50% [...] Continue Reading »
Chennai- The city’s dumping yards- Perungudi and Kodungaiyur- filled with smoke, stench, pollution, illness, dislocation and protest have become a view of distress. The Chennai Corporation is in the final stage of finding a way out to its problem of garbage accumulation. People residing in localities in the vicinity of dumping yards forced the civic [...] Continue Reading »
According to Knight Frank report, the real estate sector will continue to remain a good investment destination with properties in several residential areas in selected cities likely to appreciate by 91-145 per cent over the next five years. High possible return on investments ranging between 18.6% and 29% per annum over the next five years [...] Continue Reading »
Luxury villa projects in the city are catching the attention of private-equity (PE) funds and non-banking financial institutions (NBFCs). The investors are also looking at exploring the option of backing luxury villa projects. Reliance Capital Ltd funded Rs.60 crore in an ongoing villa project of Skylark Mansion Pvt. Ltd in Whitefield, while Azure Capital Advisors [...] Continue Reading »
As an effect of slanting number of land availability in Bangalore, the rate of encroachment activities has augmented in various parts of the city. The Vibhutipura Lake near HAL airport is gradually diminishing due to mounting encroachment activities. A decade ago, the lake was full of clean water but in the last five years, as [...] Continue Reading »
While Shiv Sena plan to construct a memorial of Sena chief Bal Thackeray at Shivaji Park, the residents are busy discussing on what has to be their move in opposing it. Residents had a discussion over the course of action and decided to react only after an official move is made either by the government [...] Continue Reading »
