Cities
With just three days left for the mandatory segregation of waste imposed by the Bruhat Bengaluru Mahanagara Palike (BBMP), there have been grave efforts put by the BBMP, the Residents Welfare Associations (RWA) and the Non Governmental Organisations (NGO) to ensure that the city is all spick and span and is able to manage the [...] Continue Reading »
Residents are facing inconvenience due to unmanned gates blocking access to colonies and commuters are forced to take diversion since the gates are locked during the night and often during the day. Azhar Jamal, a resident, said that the unmanned gates do not have security personnel and a request has been sent to the Resident [...] Continue Reading »
Bharti Walmart, the joint venture between Bharti Enterprises and Walmart Stores Inc, has termed limited availability of real estate space coupled with high real estate costs as one of the major challenges in front of Indian retail market. The government’s policy restricts foreign direct investment (FDI) into multi-brand retail sector wherein the MNC retailers are [...] Continue Reading »
Despite an increase in vacancies and low business and investor sentiment, the office rent in various micro markets in Mumbai are still increasing. The main reason for increase in office space rental is that there is a lack of quality supply in superior locations. However, there is a basic scarcity of available good-quality, right-sized Grade [...] Continue Reading »
As the market witnesses improving liquidity, the borrowing costs for real estate companies are going down. The less borrowing cost would mean an improved balance sheet. Although the change may not be seen clearly as yet. In markets like Gurgaon, there has been a lack of launches and a construction ban because of the water [...] Continue Reading »
Chennai-based VGN Developers has tied up with a foreign private equity fund, Pragnya PE Fund to launch a residential project in Chennai. Both entities have floated VGN Pragnya Realty Pvt Ltd to develop a 5.6-acre residential project, VGN Hazel, near Poonamallee, a suburb about 25 km to the west of Chennai. The residential project will [...] Continue Reading »
The Ludhiana Municipal Corporation is all set to go hi-tech. The civic body has started GIS mapping of the city. The municipal corporation is hopeful that the mapping will not only help in better urban planning but also in the effective implementation of developmental schemes by providing proper measurements, size and location of buildings. It [...] Continue Reading »
The South Delhi Municiapal Corporation (SDMC) has decided to tackle the issue of property tax payers who have not been paying tax as per the rules. The civic body has taken on the property owners who have got the nature of their property converted from residential to commercial, but have been paying property tax as [...] Continue Reading »
Indore Municipal Corporation (IMC)’s drive against property tax defaulters continues as it has attached four more houses and flats in the city. The civic body has taken up stand against big property tax defaulters to raise revenue. It has also put up notices on nine vacant plots that the property has pending tax dues and therefore [...] Continue Reading »
Bruhat Bengaluru Mahanagara Palike (BBMP) has been asked by the High Court to maintain buildings allotted to its staff and ensure livable condition in them. The high court has directed the BBMP commissioner to temporarily evict the occupants of a BBMP residential complex at Kumbaragundi, JC Road, until it is fit for human habitation. The [...] Continue Reading »
