Cities
As garbage disposal remains a crucial issue, some apartments dwellers in Bangalore have taken up segregating waste at its source in their apartment complexes. Residents are following different models for the purpose. In the first model, small quantity of waste generated in households is easily segregated into wet waste (kitchen waste) and dry waste (plastic, [...] Continue Reading »
It seems that the apartment dwellers of Bangalore are to try out an eco-friendly manner of managing garbage. Experts have asked the apartments’ welfare associations to set up bio gas plants on the premises. University of Agricultural Sciences-Bangalore, has expressed willingness to share university’s expertise with interested residents’ associations or any such groups to set up [...] Continue Reading »
Phase I of “One Bangalore West”, launched by the Phoenix Mills Ltd. , seems to have received good response from home buyers. The 3 million square foot residential project is located in Rajajinagar, Bangalore. The project consists of over 275 apartments and amount worth over Rs.530 crores is being booked till date. The average sale [...] Continue Reading »
The government plans to bring unorganised property agents and brokers under the purview of the proposed real estate regulatory bill. According to sources in Ministry of Housing and Urban Poverty Alleviation, a chapter has been included on real estate agents in the Real Estate (Regulation and Development) Bill. Unlike most nations, property brokers in India [...] Continue Reading »
The Competition Commission of India (CCI), is putting around 70 real estate developers in the country under scanner. The developers include big players like Unitech, Parsvnath Developers and Omaxe and several big builders in Mumbai. All these developers’ action for entering into one-sided agreements with buyers and for allegedly colluding with each other have been [...] Continue Reading »
Gurgaon IT/ITeS and BPO professionals are driving home demand in West Delhi. According to consultancy firm Jones Lang LaSalle (JLL), most potential customers belong to the salary bracket of Rs 12 lakh to Rs 24 lakh per annum. Since infrastructure facilities in Gurgaon still has a long way to go, they are looking to buy [...] Continue Reading »
A group of residents led by six ward councillors of the Indian National Lok Dal (INLD) held a protest at the Municipal Corporation of Gurgaon (MCG) office, demanding civic amenities in unauthorised colonies in the city. The councillors have demanded that MCG must provide basic amenities like water supply and sanitation in these colonies within [...] Continue Reading »
Godrej Properties Ltd has announced that it will invest Rs 500-600 crore in its upcoming residential project in Gurgaon. The project, Godrej Summit, will host 1,200 flats and is expected to be completed in 2017. The flats will start from a price of Rs 75 lakh and will spread over 0.2 million sq feet space. [...] Continue Reading »
The Chennai Corporation added more banks to its current list of six banks authorised to collect property tax. Currently the six banks receiving property tax are – Indian Overseas Bank, City Union Bank, Karur Vysya Bank, Canara Bank, ICICI Bank and Axis Bank. Now HDFC Bank and the IDBI Bank are added to the list. [...] Continue Reading »
In the ongoing tussle, the Bombay high court has settled a long-pending property tax row in favour of the Brihanmumbai Municipal Corporation (BMC). The court ruled that the civic body can fix property tax on the building based on the actual rent charged. The verdict is the latest in the saga of tax tussle between [...] Continue Reading »
