Cities
The apex body for real estate developers, the Confederation of Real Estate Developers Associations of India (CREDAI) has said that in order to reduce corruption, the proposed realty regulator should try and minimise the human interface in the process of grating the clearance and registration. Once the regulatory bill comes into force, there should only [...] Continue Reading »
To fulfill the most cherished dream of having roads to connect the remote areas of Manipur, Assam and Nagaland, about 100 Northeast villagers are working hard towards collecting funds to complete the road construction. The deadline will be until Christmas. An example, wherein a resident from Manipur’s remote Phoklong village has contributed Rs 1,000 from his old-age pension for the [...] Continue Reading »
Recently, Japan has revealed that it is looking forward to play a major role in developing India’s infrastructure mainly focusing on the construction sector. Currently, there are about 900 companies who have invested in India specifically in the manufacturing sector. There are only a few companies who have invested in infrastructure space. It is seen [...] Continue Reading »
In a recent announcement by the real estate firm Supertech, it was stated that they have merged with the hospitality chain The Leela Palace, Hotel and Resorts for the management of its luxury hotel in Noida which has been planned to develop with an investment of Rs 450 crore. The hotel containing 250 rooms is [...] Continue Reading »
A recent change has been made by UPA Chairperson Sonia Gandhi in the draft Land Acquisition Bill, making the level of consent of landowners for acquiring land for private purpose even more tougher. The land owners percentage, whose consent is mandatory or acquiring the land for private purposes has been increased from 67% to 80%. With the [...] Continue Reading »
Developers in Dubai are planning to come up with a replica of Taj Mahal worth one billion USD. The replica will be named as Taj Arabia and will be four times bigger than the original monument with one million sq ft of retail space including a 300 room hotel. Link Global, the firm behind the [...] Continue Reading »
Due to the rain in Bangalore, garbage has become much bigger mess to tackle. Garbage has been piled up as a result of pourakarmikas not turning up for work due to the non stop rain in the city. The chairperson of Karnataka Land Army Corporation stated that garbage was not cleared in Rajajinagar and Basaveshwaranagar [...] Continue Reading »
IDBI Bank has decided to reduce home loan interest rates for loans above Rs 30 lakh by 25 base points. A 10.50% base rate will be applicable on loans up to Rs 75 lakh, while loans above Rs 75 lakh, the pricing would be 25 bps plus the base rate. The home loan interest saver products [...] Continue Reading »
Due to the slowing economy, banks want to cut the risk weights on home loans to revive the housing sector. Indian Banks’ Association committee on housing described that if the risk weights are lowered, there will be more funds for the banks to lend. This move enable banks to give loans up to 85 per [...] Continue Reading »
Sources reveal that Maharashtra chief minister Prithviraj Chavan is not in favour of extending the deadline for paying value added tax (VAT) or reducing the tax rate on flat purchases. As the order of paying VAT has been handled by the high court, the chief minister does not want to extend the deadline or reduce [...] Continue Reading »
