Cities
Air India is planning to monetise 105 realty assets to lower its debt burden. According to industry sources, the debt ridden national carrier had invited bids from real estate consultants and Jones Lang LaSalle India is close to seal the deal. The financial bids opened last week and based on the financial proposals submitted by [...] Continue Reading »
Delhi’s skyline seemed to be changing soon. The cooperative housing societies in Delhi have shown keen interest in Delhi Development Authority (DDA)’s notification for higher floor area ratio (FAR) for existing group-housing societies. Since the additional FAR can be availed only for new constructions, cooperative societies are exploring possibilities of knocking down old constructions. The [...] Continue Reading »
Office space demand has increased in Noida recently. The demand for small space in the category of 500-2000 sq ft has witnessed the highest demand. However, the supply of these units have been limited, leading to rise in rental values in the last six months. Supply of office units is limited in sectors 18, 124, [...] Continue Reading »
According to South Delhi Municipal Corporation, Delhi Development Authority (DDA) owes Rs 746 crore in property tax with topping the list of property tax defaulters. Around 319 properties and 24 sports complexes in the city for which it is liable to pay property taxes. Housing societies such as HUDCO and CPWD are also found liable [...] Continue Reading »
The Bidhannagar (Salt Lake) municipality has collected Rs 80, 81,000 as property tax and started sending bills to all the residents. Around 1,696 owners have paid property tax accounted to Rs 80,81,000 till the last day of October. According to the municipality chairman Ashesh Mukherjee, the municipality is expecting to collect Rs 9 crore as [...] Continue Reading »
In a recent announcement made, the citizen services offered at the State Secretariat level will be brought under Sakala. All sakala services will be made online by March 31, 2013. This announcement was made by S. Suresh Kumar, Minister for BWSSB, Law and Parliamentary Affairs, after including 114 new services, including 12 offered by the Bangalore Development [...] Continue Reading »
Promotion being one of the strongest weapons to market a project increases the visibility of the project. Akshaya Pvt Ltd launched its 150th project, which is the tallest residential tower of Tamil Nadu two weeks ago. This event was launched in order to mark the innovation and even its larger-than-life allure. A 15 ft high model of [...] Continue Reading »
Incentives like free land allocation and public-private partnerships models have been sought by the realtors in order to increase affordable housing stocks for the economically weaker sections. With the increased shortage of housing for the poor sections of the society, the realtors have come up with this method and demand active government participation which can lead to a way to [...] Continue Reading »
With the Bruhat Bangalore Mahanagara Palike’s (BBMP) decision to segregate the waste has only worsened matters and has increased the litter. As always, the street corners and the vacant sites have been the targets of litterbugs who are shying away to segregate the garbage instead opting for an easy way out. This eventually contradicts BBMP’s decision of increasing [...] Continue Reading »
In a drive against selling tobacco, the Bruhat Bangalore Mahanagara Palike (BBMP) is set to stop selling tobacco and cigarettes within a 100-metre radius of educational institutions. Even smoking in public places will be restricted from November 9. A proper legal notice was filed, around 87 cases under Section 4 and 68 cases under Section [...] Continue Reading »
