Cities
For the past five days, residents and commuters who are passing by Narayana Guru Salai are facing problem due to the overflowing of dark liquid stands in front of St. Paul’s Church which is of 150years old. Few areas like General Collins Road, Hunter Road and E V K Sam path Salai are always flooded [...] Continue Reading »
Despite the higher interest rates and economic slowdown, housing prices remained firm followed by limited supply, according to a Nomura report. The supply has also been limited for fewer projects in key markets like Mumbai, Delhi and other dues to the government approval delays. A recent report by the Reserve Bank stated that the house prices [...] Continue Reading »
CREDAI, the realty developers apex body was quite unhappy and resented against the Union Government’s decision of proposing the mandatory reservation of 35% of dwelling units built for the economically weaker sections (EWS). The CREDAI memorandum addressed to Union Minister for Housing and Poverty Alleviation, Mr Ajay Maken that such a drive without any incentives to the developer community will only burden [...] Continue Reading »
The pressure in the real estate sector has affected the home loans. The new home loan accounts fell by 38% in June quarter this year over the same quarter in 2011. Rs 854.55 crore to 23,241 account holders from April to June 2011was disbursed by the member banks State Level Banking Committee (SLBC). But this [...] Continue Reading »
The recent rap by the High Court of Karnataka to the Bruhat Bangalore Mahanagara Palike (BBMP) concerning its feet on scientific garbage disposal, an initiation to set up a unique project was taken. This project will be set up near NMKRV college, Jayanagar. As per the segregation rule by the BBMP, the collected waste from the eight wards of Padmanabhanagar [...] Continue Reading »
Another effort made by the Bruhat Bangalore Mahanagara Palike (BBMP) to eliminate garbage all over the city has been noted where 410 garbage trucks were sent to four landfills. Concerning the waste disposal, recently the High Court of Karnataka criticized the civic body for exhibiting a decent picture of the garbage clearance in the city. The count of [...] Continue Reading »
Bruhat Bangalore Mahanagara Palike (BBMP) seems not to get any respite from garbage issues. In a petition, the new approved garbage tender proposals floated by BBMP have been challenged by old contractors. The counselor for the petition says that the new proposals have many discrepancies. The new proposals require a pourakarmika to sweep at least [...] Continue Reading »
Assocham, the industry body proposed a change in the land acquisition bill by stating that the law should have a provision of government assistance for acquiring 100% of land requirement by the private sector. However, a conversation between the chamber and the Rural Development Minister Jairam Ramesh, the suggested provision should be allowed even to the projects which [...] Continue Reading »
Thane has developed into the fastest growing region of Greater Mumbai with prominent developers like Lodha Group, Rustomjee, Puranik Builders, Kalpataru and Hiranandani pronouncing their presence in the region. Thane residential market turnover in 2011-12 stands at around Rs 5000 crores. The premium segment has seen the highest supply in the last two years. Thane [...] Continue Reading »
The municipal commissioner RA Rajeev has sorted out the innervation of the state government to dismiss the resolution passed by the general body of Thane Municipal Corporation (TMC) regarding the proposed capital value based on property tax. The assessment of the property tax is based on the rental value of the residential or commercial structure [...] Continue Reading »
