Cities
Property prices in the upmarket residential areas of South Delhi have dropped by 20 per cent. Slowdown in sales is forcing builders to settle for less as they are under pressure to cut inventory. According to analysts, the market is fast becoming a buyers’ market. Of the 368 apartments that have been released into the [...] Continue Reading »
Gurgaon, Ghaziabad, Noida and Greater Noida have developed beyond any comparison in the last few years. Realtors have expressed that the construction have been extra ordinary in Noida, which happened to have lots of barren agricultural land till few years back. Being a low lying area, Noida was never a suitable place for farming and [...] Continue Reading »
The empowered committee headed by Minister Shanti Dhariwal, cleared 45 pending cases related to land allotment, conversion and regularization. To expedite the development work, the committee cleared the files that were stuck in the bureaucratic cycle for long. Of the cases, nine pertained to land regularization in residential colonies, 18 were of acquired land. Another [...] Continue Reading »
The complaints of the residents of localities in Ward 44 of the Coimbatore Corporation seem to be growing louder. The Southern Railway has 53 acres on the western side of the road that connects Sanganoor Road with Nallampalayam Road. The land stocks garbage, waste from poultries and meat shops, and construction debris. Added to that, [...] Continue Reading »
Considering that the intricate self-assessment forms of property tax proves to be difficult ones to fill out for residents, Kochi Corporation is to send out its officials to help residents fill the forms. The welcome move is announced as a wide range of information, including the distance of the building from the thoroughfare, type of [...] Continue Reading »
The property tax in Mysore is likely to go up from 50 per cent to 500 per cent, once the amended Karnataka Municipal Corporations Act comes into force. The amended act paves the way for more revenue generation on the part of the city civic body. Before the amendment, the maximum rate of property tax [...] Continue Reading »
Kolkata Municipal Corporation (KMC) has decided to tackle the arsenic threat looming large over the residential areas of the city. As per the new rules charted out by KMC, it has been made mandatory for promoters in certain parts of the city to get groundwater tested for arsenic before they can submit building plans. The [...] Continue Reading »
Reliance Infrastructure Ltd has completed its fifth road project in Tamil Nadu. This road project from Salem to Ulundurpet in Tamil Nadu is expected to ease traffic flow to the city centre, connecting centers of tourism and industrial zones. The main objective is to reduce the rural-urban gap by connecting 79 villages with Chennai. The [...] Continue Reading »
In order to facilitate 24-hour surveillance, residents of TVS Colony and Officer’s Colony in Anna Nagar Western Extension have collectively collected Rs 10 lakh from their own pockets to set up 14 CCTV cameras. The surveillance system consists of eight hi-focus speed dome cameras and six fixed cameras covering a radius of three kilometres around [...] Continue Reading »
According to real estate research firm Liasis Foras, the period between Q4 2010-11 and Q4 2011-12 was characterised by low volumes and high prices. In the period, the demand for real estate in six major markets of India – Mumbai, Delhi, Kolkata, Chennai, Pune and Bangalore – fell by around 40 per cent on an [...] Continue Reading »
