Cities
Mangalore has witnessed slump in the residential property sales in the recent past. June-July month has seen a grave dip in the bookings. The slump seems due to reluctance of non-resident Indians to invest in property in Mangalore, , to invest in the properties here. Usually the NRIs account for 55-60 per cent of the [...] Continue Reading »
The AP State Disaster Response and Fire Services department has planned to tighten fire safety norms for the non-high-rise buildings. Hence, owners of non-high-rise buildings would have to obtain a license from the department for their property and have to pay a fee after providing fire-fighting equipment on their premises. The department will check the [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) plans to spend Rs 980 crore on concretization and upgrading of asphalt roads. The civic body will float the tenders soon and the work will most likely begin in October. Seeking to redress the pitiful condition of roads in the city, BMC plans to introduce measures to ensure quality work [...] Continue Reading »
Ghaziabad is fast becoming one of the hot spots of real estate growth in India. The reason being concerted effort put up by Ghaziabad Development Authority (GDA), UP Awas Vikas, the municipal authorities and various private developers to improve the social and physical infrastructure of the city . The city has witnessed an appreciation of [...] Continue Reading »
The Hyderabad Metropolitan Development Authority (HMDA) has decided to check on the illegal/unauthorized constructions that are growing in the surrounding gram panchayats. In a strict gesture, it has served notices to as many as 3,000 owners and builders of illegal buildings above three floors. According to the building rules, gram panchayats can give building permissions [...] Continue Reading »
In the wake of rising urbanistaion, the state revenue department is planning a policy to regulate urbanization and create special squads to keep illegal construction under control. When asked question related to illegal constructions, revenue minister Balasaheb Thorat told that a comprehensive policy will be announced in the next three months. He said the proposal [...] Continue Reading »
Tata Housing has announced that it is planning to launch eight to 10 projects in the country this financial year in spite of overall slump in the sector. Under its affordable housing segment, ‘Smart Value Homes’, Tata Housing has forayed into Gujarat by launching Shubh Griha in Ahmedabad. Along with its domestic operations, it has [...] Continue Reading »
A lot of buyers find themselves in a fix before buying a flat because the developer does not hand over the project to the tenants despite its completion. Many factors can be behind this – there might not be a registered housing society, developer may not have received the occupancy certificate (OC) from the civic [...] Continue Reading »
Majority of the BJP has demanded the demolition of an ‘illegal’ structure at Subhash Park in the House meeting of the North Corporation on Monday. The structure was built by MLA Shoaib Iqbal at Subhash Park, claiming that the site belongs to the 17th century Akbarabadi mosque. The demand came after a report from Commissioner P [...] Continue Reading »
Due to an exceptional income of Rs 607 crore from properties sale, Hindustan Unilever said its net profit soared over two-fold to Rs.1, 331.19 crore for the quarter ended June 30 this year. The company has announced a net profit of Rs 627.16 crore for the same period previous fiscal. Company’s net sales surged to [...] Continue Reading »
