Cities
Chennai’s CBD areas observed a downfall in demand for smaller and medium format office spaces with the absorption recorded at around 44,000 sq ft, during third quarter predominantly. The Suburban Business District (SBD) including areas such as Velachery, Perungudi and Mount Poonamallee Road have witnessed restrained demand levels for office space, with absorption recorded at [...] Continue Reading »
The residents of Indirapuram housing society lodged an FIR against a developer claiming that the developer had not paid the electricity bill, due to which around 250 families in the society had to face a power blackout for over 12 hours. Similarly, residents of Eastern Heights Society in Nyay Khand-III also said that the developer [...] Continue Reading »
Financial crunches often strikes NMC as the civic body have not recovered Rs 50 crore property tax from the owners. Around 4,105 property tax defaulters owe Nagpur municipal corporation (NMC) crores of rupees as property tax. A total of 674 defaulters owe tax dues ranging between Rs 50,000 and over Rs 1 lakh in Laxmi [...] Continue Reading »
People in Gurgaon are gradually moving from traditional to modern and high end kitchen appliances. This lets many international and national players in kitchen appliances segment to bet big on the city market. The demand for high end appliances has increased by 40 percent in the past one year. The increase demand is because of [...] Continue Reading »
Around 27 shops that have evaded property tax for two years are now under the scanner of Indore Municipal Corporation (IMC). The shops are located at Shagun, one of the commercial buildings in the posh Scheme No 54 area. It was recorded by an assistant revenue officer that 27 shops, sized between 700 to 3,200 [...] Continue Reading »
Due to the seldom presence of clean titles in the market for the most coveted of India’s residential addresses, home buyers with deep pockets in Mumbai and Delhi are ready to invest even in disputed properties. Areas in Delhi and South Mumbai having disputed properties are on sale and involve multiple feuding owners. Further the descendants of the original owners also [...] Continue Reading »
The Delhi government currently is in a state of chaos as the economic slowdown has impacted the market. It was stated by the chief secretary PK Tripathi, on 18th October that the government had much to worry regarding the condition of the state exchequer. The third quarter of the financial year witnessed an unimpressive 40% of collections. [...] Continue Reading »
Residents of Perumbavoor have demanded the closure of nearby plywood factories, as the factories allegedly polluting nearby areas. People have staged a hunger strike demanding the closure of these factories. There are around 800 plywood factories now in this area, an increase of 500 since it started. Most of these factories are situated near canals, [...] Continue Reading »
The residents of Subhash Nagar have decided to fill a dug up road by themselves after being tired of complaining to the civic authorities. The dug up in the middle of the road resulted in several accidents and yet the authorities did not take any action. Not only the dug up road, missing streetlights also [...] Continue Reading »
Consumer bodies in Pune are demanding a debate on Value Added Tax (VAT) imposed on residential properties purchased between June 2006 and March 2012. City builders and developers have been invited for a public debate on VAT. As the state government is firm on the VAT issue, organisations such as Grahak Hitawardhini, Grahak Panchayat and [...] Continue Reading »
