Cities
The Visakhapatnam Urban Development Authority (VUDA) had auctioned 21 plots in the year 2001, out of the land which was reserved for construction of a community centre. The auction was challenged in the High Court by the then president of the Sri Balaji Park Residents Welfare Association. The court called the act of VUDA as [...] Continue Reading »
The revenues of 25 listed realty companies in Bangalore have witnessed a downfall due to less number of sales. There was 9.3 per cent fall in revenue in the last quarter of 2011. According to a report by Knight Frank India, a real estate consultancy, buyers showed less interest in buying properties as the interest [...] Continue Reading »
The six-year-old real estate joint venture of Hyderabad-based Ramky Group, a well-known name in the field of waste management and infrastructure development, is planning to bring an additional Rs 70 crore into the ventures soon. The Ramky Group and Wavoo Realty, the two equal partners in the joint entity RWD (Ramky Wavoo Developers Pvt. Ltd.), [...] Continue Reading »
The Bruhat Bengaluru Mahanagara Palike (BBMP) has enhanced its range of services for online payment. It’s a good news for those facing problems while paying property tax. Along with IDBI Bank, Corporation Bank is also included for tax payment now. BBMP is also looking at IT to curb the duplicate khata racket, and will introduce a [...] Continue Reading »
East Delhi Municipal Corporation (EDMC) is planning to issue passbooks to payees to retain all property tax within its range and keep property tax payers’ records up to date. A proposal in this regard was put forward in the Standing Committee meeting by MK Ahuja which was approved by other members. Ahuja also proposed that all the property tax payers [...] Continue Reading »
Brigade Group, one of the Bangalore-based top realty players, on Wednesday, announced that it is planning to venture with Government of Singapore Investment Corporation (GIC) to develop a residential project in Bangalore. Both the parties, Brigade and GIC, have entered into a 51:49 private equity partnership through a special purpose vehicle (SPV) for the development of [...] Continue Reading »
The Competition Commission of India (CCI) has levied Rs 6300 crore penalty on 11 cement companies and it has yet to consider a surplus of cases against builders. In the case of DLF, CCI looked at the relevant market as ‘high-end residential’ in Gurgaon while it looked at the relevant market as ‘residential accommodation’ in [...] Continue Reading »
Disney Consumer Products (India) plans to launch Disney Inspired Homes for which it will tie up with a Mumbai based real estate company, Sunteck Realty Ltd. Disney Inspired Homes, built at the ‘Sunteck City’ project in Goregaon in North Mumbai, will be designed using Disney themes especially for children and families in the Indian real [...] Continue Reading »
The students of M S Ramaiah Institute of Technology (MSRIT), Bangalore have come up with a replacement to cement in construction, under the guidance of realty experts. Using fly ash instead of cement will reduce the construction cost of projects. Moreover, fly ash is a very economical and environment-friendly solution. According to a recent survey, [...] Continue Reading »
After a month the new property tax formula has been declared, and their factors for various areas of the city, citizens in Gandhinagar posted as many as 1,500 objections before the GMC. The corporation has spent the last one week reading 600 objections that were received from citizens. Sources in the GMC say that another 800 objections [...] Continue Reading »
