Cities
The Nagpur Municipal Corporation (NMC) general body has passed the proposal to implement the new property tax system based on the capital value of properties. The assessment value has been fixed at 0.1 per cent of the capital value. The final report will be submitted to the general body after forming an all party committee [...] Continue Reading »
Due to the congestion caused by illegal parking in South Extension, Delhi High Court has directed the South Delhi Municipal Corporation (SDMC) and the traffic police to clap down on illegal parking in markets, lanes adjoining residential areas in the South Extension. A status will be filed by November 23 by the police and the civic [...] Continue Reading »
Gurgaon and Noida are witnessing an increased supply in the studio apartment segment due to strong economic growth. According to industry estimates, the two cities collectively will have around 9,000 studio units delivered over the next 2-3 years. Noida has seen a growing need for studio apartments while Gurgaon is catching up. Noida-Greater Noida realty [...] Continue Reading »
The four-day property show named “Living Spaces 2012” organised by The Hindu Property Plus has witnessed inquisitive homemakers huddling around tables, discussing interior designing with builders. This event was held at the Chennai Trade Centre in Nandambakkam and will continue until October 4. The fair was inaugurated by A Krishnakumar, managing director and group executive [...] Continue Reading »
Dharuhera, a satellite town to Delhi, is the new residential destination in the belt. Located 30 km from Gurgaon, Dharuhera has about 70 per cent buyers as end users in FY2013. The buyers are targeting the town due to price advantage and improving infrastructure. A middle income family can get possession of a typical 2BHK, [...] Continue Reading »
Increased economic activity, high amount of tourist influx and increased investor interest has projected service apartments as an attractive segment in Kolkata. Service apartments are ready-to-move-in flats that provide the occupant a fully-furnished kitchen along with optional facilities such as baby sitter, chef, Wi-Fi connection and a 24X7 service kitchen. It has become a sought [...] Continue Reading »
The recent announcement of the government to allow Foreign Direct Investment(FDI) in the multi-brand retail sector is expected to boost the realty sector. The announcement has triggered anticipated buying and development of office space in parts of South and North Bangalore. ORR (Outer Ring Road), Whitefield, Electronic City and Mysore Road- Kanakpura Road are the [...] Continue Reading »
Ludhiana residents are irked over chemical waste being dumped on banks of a canal. Large quantities of industrial waste were dumped on the canal banks near Rara Sahib and the culprit has not been nabbed yet. People in the southwestern part of the state drink water from this canal and use the water for irrigating [...] Continue Reading »
The rate of office spaces is likely to witness a hike of 40 per cent in HITECH City and Gachibowli areas of Hyderabad. To tap on the opportunity, the developers are now focusing on developing commercial real estate. The main driver is that the property market in areas like Gachibowli and HITECH City are still affordable as [...] Continue Reading »
Mumbai’s skyline is changing rapidly as more and more skyscrapers are soaring into the sky. On the backdrop of the city’s high population density, developers argue that high-rises are more convenient and hold the answer to the city’s housing problems. Until now, the 60-storied Imperial Towers at Tardeo which was built in 2010, is the [...] Continue Reading »
