Cities
The MSEDCL has proposed an average 15% increase in electricity charges for domestic consumers.Strong objection were raised by various organization against the proposed tariff hike by the Maharashtra State Electricity Distribution Company Limited. The complaints demanded the MSEDCL to focus more on recovering dues, reducing power losses and improving efficiency, and follow standard operating procedures. [...] Continue Reading »
A fire had broke out at the food court of Oberoi Mall in suburban Goregaon.The food court is on the third floor of the three-storeyed mall. Primary investigation suggests that short circuit was the cause behind the fire.The fire started in a stall at around 10:30 and spread to 5-6 adjacent stalls in food court. [...] Continue Reading »
Noida Extension Flat Owners and Members Association, NEFOMA, a flat owners’ association in Noida, has decided to move to the Supreme Court to seek redress of their complaints related to the Noida Extension flats row. The Allahabad High Court had directed to stop development work in Greater Noida till the 2021 Master Plan is approved [...] Continue Reading »
Following the December 5, 2011 Supreme Court ruling directing all nursing homes and banks to move out of residential plots, the Noida Authority had directed them to shut operations. However, when being approached by the displaced nursing homes, the apex court directed the Noida Authority to allot land at reasonable rates within three months. In [...] Continue Reading »
The residents of Noida soon will have to pay water bill as per the meter reading instead of fixed rates. The Noida authority is considering a proposal to install water meters at all premises covering an area of 240 meter square or more. The main objective is to check the wastage of drinking water. Under [...] Continue Reading »
As the development authorities of Noida, Greater Noida and Yamuna Expressway have raised land rates the realtors remain apprehensive about the impact due to the increase. RK Arora, CMD, Supertech, stated that increased land costs would impact the group housing sector and the burden would have to be borne by the investors. Many developers feels [...] Continue Reading »
The Bhopal Municipal Corporation (BMC) seems to have taken up an active stand to address the civic issues ailing the city. Recently they carried out drive against illegal hoardings removing 14 hoardings from different places in the city. The BMC squad seized all the material required to set up a hoarding including iron rods and [...] Continue Reading »
As prices in metros begin to stagnate due to low demand, the suburban areas have seen substantial growth. Investors are moving to the outskirts for better returns in the recent past. Mumbai and New Delhi residential real estate prices have stagnated in the past year. However, as per the reports of 99acres.com, in NCR and [...] Continue Reading »
As real estate sector in India faces a dip, domestic lenders with major retail loan are keeping an intense look at the situation. While the hub of realty sector, Mumbai, is going through a slump, the lenders are concentrating on the new emerging markets – Pune, Bhopal, Indore, Surat, Nagpur and Ahmedabad. LIC Housing Finance, [...] Continue Reading »
Brigade group has started a mega integrated real estate project located at Devanahalli. It is named as Brigade Orchards and will comprise of luxury villas, value homes and premium apartments. The developer says the project will be completed in a span of five years involving Rs 2,000-crore investments, which will include 3,500 residential units [...] Continue Reading »
