Cities
Research firm, Prabhudas Lilladher, has come out with its report on Mumbai real estate. According to the report, sales continue to witness slowdown in Mumbai and dip in commercial real estate has led to sharp decline in lease registrations. Sales registrations slipped below the 5000 mark for second consecutive month highlighting slackness prior to the [...] Continue Reading »
The Gera Pune Market Intelligence Report released recently by Gera Developments has revealed that the price of real estate in June 2012 reached the highest in the last four years. The average price across market in June 2011 was Rs 3,467 per sq ft, which moved up to Rs 3,647 per sq ft in December, [...] Continue Reading »
Reacting to the Union Finance Minister‘s advice asking realtors to download unsold stock at discounted prices, the Confederation of Real Estate Developers Association of India (CREDAI) has counter advised the minister to bring special incentives to boost purchase of houses. Credai has been lobbying with the government to push for reforms in the real estate [...] Continue Reading »
Greater Hyderabad Municipal Corporation (GHMC) is set to bring relief to the owners of properties by sparing them the ordeal of running around the municipal offices for assessment of property tax. The civic body is coming out with a new software on its website, which will enable property owners to calculate their property tax at [...] Continue Reading »
City buses stopping in the middle of the road has been creating much of traffic problems in Bhubaneswar. The problem is set to be tackled by the concerned authorities as 21 bus bays are set to start functioning from September 1 in the city. According to Dream Team Sahara, which operates the buses started under [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC)‘s decision to impose fine on civic engineers who delay the process of assigning potholes to contractors has drawn flak from the agency’s engineering unit. The BMC had decided to impose fines on engineers, too, along with contractors,to address the issue issue of repairing potholes within a stipulated time. However, Brihanmumbai [...] Continue Reading »
West Hyderabadhas become one of the fastest growing areas in the city in terms of IT development, which in turn have led to rise in capital values and infrastructure growth. Proximity to Hi-Tech City is continuously pushing capital values up in West Hyderabad, as the demand for working professionals in the IT park grows gradually. [...] Continue Reading »
The under-construction Namma metro in Bangalore has already pushed up the property values. The end-users, developers, realtors- all have been considering the metro as an asset with the construction underway. In the areas through which metro track passes like MG Road, Trinity, Indiranagar and Byppanrahalli, residential property values have witnessed a 15-20 per cent hike [...] Continue Reading »
Urban Development Minister Kamal Nath has stated that efforts are being taken to lessen the hazards of common property holders. He stated at a function organised by the Indian Chamber of Commerce that efforts are on to create a system which would allow the conversion of leasehold properties into freehold over the internet. The proposed up [...] Continue Reading »
The tussle between Wakf Board and encroachers seem to have no end. Complaints have been made about wakf board land falling prey to land grabbers, a two-acre graveyard on Road No. 12 Banjara Hills. The entrance of the Third Battalion Muslim Graveyard was blocked about six months ago and the task force officer deputed by [...] Continue Reading »
