Cities
LIC Housing Finance, a subsidiary of Life Insurance Corporation of India (LIC), plans to disburse around 8-10 per cent of its total loan portfolio to developers by the end of this fiscal. Presently, around 6 per cent of the NBFC’s total loan portfolio constitutes of developer loan. By the end of June quarter, LIC HF’s [...] Continue Reading »
Developers in Punjab has opposed the state government’s move to levy social infrastructure cess on property transactions. Confederation of Real Estate Developers’ Associations of India (CREDAI), Chairman, Anil Chopra stated that it would hit demand in the real estate sector which is already undergoing slowdown. Poor demand in real estate sector can be gauged from [...] Continue Reading »
The Noida Authority has decided to speed up work on the Faridabad-Noida-Ghaziabad (FNG) corridor project. The chief engineer has been instructed to visit the project site and take stock of all obstacles in way of the project. The corridor is a part of its Master Plan 2021. 16km stretch of the proposed 56km corridor falls [...] Continue Reading »
The Greater Hyderabad Municipal Corporation (GHMC) standing committee has approved to take up a feasibility study for a sky-walk between Rathifile bus terminus and Secunderabad bus station. The standing committee gave its approval to the skywalk proposal, whose cost has been estimated at Rs 7.20 crore. The committee also gave the green signal to take [...] Continue Reading »
As Hyderabad reels under severe power crisis, the city civic bodies have decided to adopt power-saving measures. The Greater Hyderabad Municipal Corporation (GHMC) has decided to reduce the illumination of advertising hoardings and streetlights. With these cutbacks, the civic body is hoping to save 5 million units per month. Of the total 3,300 advertising hoardings [...] Continue Reading »
Over 2,000 residents of JP Nagar I Phase were given training on waste disposal by Indian People’s Council. 50 volunteers of the citizen action group enlightened them of the importance of reducing and segregating waste at source. The group sources state that 70 per cent of residents welcomed the idea of segregating waste at households [...] Continue Reading »
Bruhat Bangalore Mahanagara Palike (BBMP) is blamed for the potholes in many arterial roads in the city, which is in turn has aggravated the traffic problem in the city. The pothole-ridden arterial roads across the city, particularly in the central business district, particularly in Majestic area, are being identified as the main culprit of the [...] Continue Reading »
Bangalore civic administration has promised to rid the city from thousands of tonnes of overflowing garbage. However, search for land to dump garbage is not yet over. The residents around Mandur, about 45 km north of Bangalore, have agreed to resumption of dumping of garbage in the area on the fulfillment of certain conditions. The [...] Continue Reading »
Mumbai citizens have organised two different meetings in a bid to save open spaces and demand action against illegal encroachments. 70 people from all over the city attended a meeting in Juhu to save open spaces, while several organisations working in and around Bandra held a citizens’ march from the Apostolic Carmel Convent to the [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) has prohibited mandals from displaying any advertisement banners and arches on main roads during the 10-day Ganpati festival. The civic body has instructed mandals to seek permission from traffic police before displaying them on minor roads. The BMC officials stated that the decision has been taken to ensure that major [...] Continue Reading »
