Cities
Recent data shared by analysts show that four years after a property price bubble burst in Dubai, triggering a slide that cut home prices more than 60 per cent from their peak, the market finally appears to have stabilized. The real estate market of Dubai is on the road of recovery and Indian buyers have [...] Continue Reading »
In a bid to increase revenue as well as to address the issue of illegal building, the Kochi Corporation is planning to allot building numbers to all unauthorized buildings and then impose penalty three times the normal tax on the owners. Both residential and commercial buildings constructed without prior approval from the civic body would [...] Continue Reading »
The SGS mall in Pune Camp, which was sealed on Tuesday on charge of non-payment of property tax, was opened on Thursday evening, following an order from the district and sessions court here. Principal district and sessions judge Anant Badar ordered the Pune Cantonment Board (PCB) to remove the seals on hearing an appeal filed [...] Continue Reading »
Municipal Corporation of Delhi is all set to take strict action against at least five lakh property owners all over Delhi who have not been paying conversion and regularization charges to the corporation. The east corporation is sending notices to 6,000 commercial establishments that have not paid conversion charges to the corporation and the north [...] Continue Reading »
With Yamuna Expressway being opened, property analysts believe that that real estate market in the region is going to witness a boom and the NCR and western UP belt will become a hot destination for homebuyers as well as investors. A hike of 30 per cent in property prices is expected as the Expressway is [...] Continue Reading »
A recent report by Jones Lang LaSalle predicts that the residential market in Chennai is to undergo a transformation in coming months. So far there has been no scope for the growth of large-sized township projects within Chennai. Developers had been more content with building 12-30 units with limited amenities. The scene is changing with [...] Continue Reading »
The trend has been that compared to other metros, the overall demand for 1BHK apartments in Bangalore are much lower. However, the recent trend shows that 1BHK apartments have gained importance in localities of North Bangalore, closer to the Devanahalli Airport. North Bangalore is growing primarily on account of proximity to the International Airport in [...] Continue Reading »
As the Bruhat Bangalore Mahanagara Palike (BBMP) staff’s “indefinite strike” against the Bangalore Metropolitan Task Force (BMTF) entered the second day, the civil administration is compelled to stare at chaos. Most of BBMP officials participated in the demonstration, as the civic body decided to boycott work until the criminal cases booked against its engineers by [...] Continue Reading »
The authenticity of penalty receipts issued by Chennai corporation against those who dump debris and garbage on the city roads has come under the scanner. The issue has been raised by an RTI activist. A receipt copy available with this newspaper lacks mandatory details like name and designation of the officer collecting the penalty. Moreover, [...] Continue Reading »
The Hyderabad Metropolitan Development Authority (HMDA) has collected Rs 125 crore through the auction of 42 plots in the city. The HMDA got Rs 84.74 crore for over four acres of land in Nandagiri Hills, the most prized possession of the authority. NetNet Ventures Pvt Ltd,bought the plot for Rs 18.5 crore per acre against [...] Continue Reading »
