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KSL Group in deep waters

KSL Group in deep waters
Two recent shocking developments in KSL industries, the listed flagship of the Tayal group, have resulted in doubts over the creditworthiness of the group. Reward Real Estate, which held key real estate assets of the group in 15 centres, ceased to be its subsidiary last year and in a shocking move Saurabh Kumar Tayal, who [...] Continue Reading »

BMC urges for MP, MLA funds to maintain open spaces

BMC urges for MP, MLA funds to maintain open spaces
The Brihanmumbai Municipal Corporation (BMC) has urged the public representatives to make a generous move to divert a portion of MP, MLA funds towards maintenance of open spaces. The Corporation is in need of fund to maintain the open spaces and in previous years the BMC has lost open land either because it failed to [...] Continue Reading »

Grim prediction for real estate firms

Grim prediction for real estate firms
Analysts have commented that the Real estate firms are expected to have had a lackluster in the June quarter with lesser profit due to tighter margins and higher inputs costs compared to the previous year. Firms are expected to show downfall in their profit, including big players like DLF Ltd. Bangalore based developers seem to [...] Continue Reading »

Team to monitor health institute in East Delhi

Team to monitor health institute in East Delhi
To improve the health facilities, under its jurisdiction, the East Delhi Municipal Corporation (EDMC) is planning to monitor the health institutions by special committees. Presently, there are 74 health centers under the jurisdiction of the East Corporation; with 40 providing Allopathic treatments while other 34 health centers under AYUSH. The officials have maintained that each [...] Continue Reading »

Cell phone tower hits property market!

Cell phone tower hits property market!
While we cherish with mobile and technology, but having a tower on the property can make you suffer, in case of both sales and rental. This subject is slowly gaining prominence across the country and there seems to be a gradual awakening to this problem. Most resident welfare associations are not giving permission to install [...] Continue Reading »

Property tax payment made easier in Chennai

Property tax payment made easier in Chennai
The Chennai Corporation has made arrangements for property tax payments at counters of any of the 146 branches of three designated banks from today onwards. It was planned earlier but delayed due to technical glitches. However, the facility will be started with three banks: Indian Overseas Bank (74 branches), City Union Bank (31 branches) and [...] Continue Reading »

Deed of apartments to be executed by landowners

Deed of apartments to be executed by landowners
The Delhi high court has allowed the Capital’s land-owning agencies to execute “deeds of apartment” for home buyers in case a builder fails to do so. Allowing a PIL which sought a direction for enforcement of the Delhi Apartment Ownership Act, a bench of Acting Chief Justice A K Sikri and Justice Rajiv Sahai Endlaw [...] Continue Reading »

Expats, professionals keep up Kozhikode realty

Expats, professionals keep up Kozhikode realty
Owing to the deteriorating rupee value, expatriates are busy buying properties especially in tier III cities of India like Kozhikode. Many NRIs, especially from Gulf countries, are planning to return back home. With the availability of well-set educational institutes, health care and general quality of life, the city is fast becoming a preferred place for the [...] Continue Reading »

Rahatani, Pimpri areas face water shortage

Rahatani, Pimpri areas face water shortage
Residents of Rahatani and Pimpri are facing water shortage due to problems in the water distribution network, though there is no water cut in force in Pimpri-Chinchwad. The water shortage problem exists for the last one and half years in Savita Khule Chawl in Ramnagar area of Rahatani. Also, the number of water connections taken [...] Continue Reading »

Real estate prices plunge in Lower Parel

Real estate prices plunge in Lower Parel
Office sales and rentals have plunged by almost a third in the last two years in Mumbai’s alternative financial district of Lower Parel. The reason is a building boom that took place after various mill land sales 4-5 years ago. In the recent years, Lower Parel witnessed launches of nine major projects, creating office space [...] Continue Reading »



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