Cities
Resident Welfare Associations (RWAs) across Noida have taken an initiative to survey all the sectors and make residents aware of tenants and servants verification. This move was developed following the murder of a jeweler by his servant on July 2 in sector 50. Vimal Sharma, the president of RWA sector 50, said that, on July [...] Continue Reading »
A local court in Bangalore has issued a non-bailable warrant (NBW) against Karnataka Forest Minister, CP Yogeshwar, after he failed to appear before it in connection with Mega City Scam cases filed against him. The minister was allegedly involved in 14 cases concerning the Mega City Builders and Developers Ltd. (MDBL), Bangalore. The firm had [...] Continue Reading »
Foreign investors are funding Indian real estate market after the release of Press note 2 in 2005 which opened up construction and development for Foreign direct investment (FDI). Many investors who had invested at that time, largely in residential sector, are now heading towards maturity and are withdrawing their prime investments. According to a report [...] Continue Reading »
The proposal to assess property tax based on capital value of the structures in Thane has been contested in the Bombay high court by citizens organization here. Municipal commissioner RA Rajeev has proposed that all residential, commercial or industrial property would be assessed on the basis of its capital value or market value as listed in [...] Continue Reading »
Bandipora, a north Kashmir town has been turned into a garbage dump with heaps of garbage present on the roadside in many wards including the main market. Locals said that traders and municipality employees dump garbage and as a result foul smell emanates from the garbage which makes movement of pedestrians difficult. Residents of ward [...] Continue Reading »
Buyers staged a protest in Greater Noida for lack of transparency in the system as developers were booking houses and plots without getting layout plans approved by Yamuna Expressway Authority. They demanded that the Authority has to upload the status of developers and their projects in their area on their official website. On Wednesday, buyers [...] Continue Reading »
Mumbai Metropolitan region (MMR), which normally has an annual flat sales average of 80,000 units, declines with only 45,000 apartments sold in the year 2011-12. According to the Knight Frank research report released on Thursday the market has an unsold inventory of 80,000 flats valued at Rs 1.05 lakh crore. Sales in the financial year 2012 [...] Continue Reading »
Sobha Developers, a Bangalore-based leading real estate company, on Friday revealed that it has sold properties worth Rs 479 crore in the first quarter of this fiscal, up by 58% from the same period last year. In the first quarter of 2011, the firm had sold properties worth Rs 302.7 crore. For the quarter ended [...] Continue Reading »
Files of real estate projects are piling up at the Hyderabad Metropolitan Development Authority (HMDA) for the past two months waiting for approval. The new metropolitan commissioner Neerabh Kumar Prasad is said to be sending the files back to the developers red-marked with query after query so that the files stay in endless cycles. The [...] Continue Reading »
Residents of Yamunanagar town, Jind and Gurgaon, blocked the National Highway No. 73-A and also quarreled with the police protesting over power problem on Tuesday. The police even chose to a mild cane charge to scatter the protestors who were demanding regular power supply to their homes. Chief Minister Bhupinder Singh Hooda, told the residents [...] Continue Reading »
