Cities
The residents of the Malaysian Township project in Hyderabad are enraged by the attachment notice issued by the local Income Tax (I-T) department on 13th of June. The department issued an attachment order on the developer of the township, Swarnandhra-IJMII Integrated Township Development Company Pvt Ltd (SITCO), for nonpayment of tax of Rs 54 crore. [...] Continue Reading »
CBI is presently concentrating on ‘benami‘ owners of flats and it claimed that a senior politician had involved in those transactions. According to sources, an intense investigation has been carried on by CBI with regard to the case and certain details have been shared with the Enforcement Directorate to check the money trace into the [...] Continue Reading »
The Central Bureau of Investigation filed a charge sheet against 13 accused people in the Adarsh Housing Society scam, including the former Maharashtra Chief Minister, Ashok Chavan, the former MLC, Kanhaiyalal Gidwani, senior retired Army officials and bureaucrats and a former employee of the Defence Ministry. Charge sheet has also been filed against senior bureaucrats [...] Continue Reading »
Owing to the reduced number of property sales, real estate developers of Mumbai are set to build smaller one bedroom flats. Market surveys and customer feedbacks have confirmed that there is a huge demand for 1 BHK flats. Therefore, around 1,000 one bedroom flats are being launched freshly in Mumbai. Hubtown Limited has launched 100 [...] Continue Reading »
Chikmagalur Municipality is set to cross check the plinth area of each construction in the city with their self-assessment scheme to find out about house tax evasion. The CMC president CR Premakumar said that they have formed four groups, headed by revenue officers, which would visit residential and commercial buildings. The groups will collect details [...] Continue Reading »
The Delhi government is planning to build 7,400 flats for the economically weaker sections in the Bhalswa-Jahangirpuri area. More than 10,000 flats built earlier under EWS scheme are still left unoccupied. Delhi Urban Shelter Improvement Board has approved the construction of 7,400 flats and a double-storey community hall in Trilokpuri. The cost of the hall [...] Continue Reading »
The residents of Doddanekundi are sick of the nearby polluting-factories. The members of Doddanekkundi Residents’ Welfare Association have been complaining to Karnataka State Pollution Control Board (KSPCB) regarding this issue for more than a decade but till now no action has been taken. Sources said Graphite India is one of the few units that have been [...] Continue Reading »
The President of a residents’ welfare association (RWA) allegedly assaulted one of the residents due to an argument over membership charges. The incident took place at a gated community, Sispal Vihar, on Sohna Road on Wednesday. Following the incident a group of tenants gave a complaint and a case was registered against the accused. The [...] Continue Reading »
Beleaguered Kingfisher Airlines has planned to sell two of its unused properties in Mumbai and Goa to partly repay staggering loans of about Rs 7,500 crore. The Mumbai property is likely to fetch Rs 120-90 crore and Rs 30 crore for the Goan villa by the current market value. Prakash Mirpuri, an airline staff, said [...] Continue Reading »
The Mumbai home sales market has stagnated in June due to high prices and most buyers stop purchasing and expect the prices to come down. The Mumbai real estate market piles up with unsold inventory amounting to 80,000 units which forms 37 per cent of the total residential supply under construction. However, rising inventory with [...] Continue Reading »
