Cities
Odisha’s realty developers has welcomed the decision by the Union government to allow 51 per cent foreign direct investment (FDI) in retail. Developers feel that this move will boost the real estate sector. It is said that this move will not only help the real estate sector, it will also contribute to the state’s economy [...] Continue Reading »
It seems there is no end to Bruhat Bangalore Mahanagara Palike (BBMP) garbage woes with 15,000 tonnes of uncleared garbage, the Palike is having hard times to deal with the mounting waste generated by the ongoing festival season. Despite working overtime to clear the waste piled up across the City, the Palike’s workers could remove [...] Continue Reading »
With lenders cutting interest rates and other charges for home loan, the National Housing Bank expects a growth of 20% this year from 17% in 2011-12. The environment has become competitive due to lowering of the interest rates and abolition of some of the fees The demand and growth of housing loan has been good [...] Continue Reading »
Indian Banks’ Association committee has recommended to the Finance Ministry that home loans up to Rs 35 lakh should get the priority sector tag. This will help banks to provide loans to house buyers at affordable interest rates. Also it will benefit a large group of customers in Tier II and Tier III towns. Moreover [...] Continue Reading »
Canal water will be provided to the residents of Rajendra Park Colony in Gurgaon after the boosting station for the supply facility in Rajendra Park inaugurated by the Haryana Sports Minister Sukhbir Singh Kataria. This boosting station was constructed at a cost of about Rs 12.33 crore and the foundation being laid by Haryana Chief Minister [...] Continue Reading »
Real estate developer Casa Grande aims to become a 1,000-crore company by 2016 by developing several properties across the region, according to company officials. The Chennai based developer has reported revenues of Rs 130.09 crore last year and is trying to raise the revenue by Rs 240 crore this financial year. The firm’s Managing Director, [...] Continue Reading »
The South Delhi Municipal Corporation’s (SDMC) drive against the property tax defaulters is showing a positive result, as the civic body collected almost double of the tax collected by North counterpart. With the collection of almost Rs 672 crore till October 5, the South Corporation is way ahead of North Delhi Municipal Corporation which has [...] Continue Reading »
A complaint alleging the real estate developer Dwarkadhis Projects abused its dominant position has been rejected by the Competition Commission of India (CCI). While dismissing the complaint, the regulator stated that there was no evidence to suggest abuse of dominance by Delhi-based developer. The informant had purchased a dwelling unit in one of the housing [...] Continue Reading »
Brys Group a real estate firm is to develop a 300 metre tall residential tower in Noida at a price range of up to Rs 9 crore per unit. The firm has an investment of Rs 1,000 crore to develop 285 premium apartments over the next four years. The Group Chairman of Brys Rahul Gaur [...] Continue Reading »
A study conducted by a real estate portal reported that property prices in Mumbai and its metropolitan region have increased by 35% in the last two years. Regions such as Dombivli and Ghodbunder Road in Thane witnessed the highest price rise of 66% and 54% respectively while South Mumbai prices were weak. According to the [...] Continue Reading »
