Cities
The exhibitors at the Indian Property Show, which was opened on 21st June 2012 at Dubai World Trade Centre, expect a flourishing business after the recent 30 per cent fall of the Indian Rupee value against the US Dollar and the Dirham. The experts are of the opinion that the Non-Resident Indians (NRIs), following the [...] Continue Reading »
As there has been a depreciation in the value of rupee, Non-resident Indians (NRIs) in the UAE are now interested buying properties in India. Prior to the three-day Indian Property Show in Dubai, pre-launch bookings have been done by NRIs which has risen to 80 per cent in recent months. The NRIs who have been [...] Continue Reading »
In less than three months, Pune Municipal Corporation (PMC) has collected Rs 300 crore as property tax from 3.75 lakh people since April 1, 2012. The property tax department in Pune stated that this milestone could be achieved only due to the tax discount scheme of PMC. The tax discount scheme stated that those who [...] Continue Reading »
The civic body in Mumbai has passed a bill to change the property tax calculation system from ratable to capital value based on urgent need. However, the corporators of the city have to say that there was no urgency to do the same. The corporators stated that most of them didn’t know about the proposal [...] Continue Reading »
Few years back, the home loan which was provided under teaser loan scheme by a housing finance company (HFC), is not the same anymore when repaying it back. The prepayment charges amounted to Rs 2 lakh for a person who had availed a Rs 1 crore loan under that special rate scheme. As per a [...] Continue Reading »
Pragya, an 11-year-old girl has written two letters to resident welfare association president of Sheikh Sarai in order to open a park which has been kept shut. At least 18 children have supported Pragya’s cause by signing the letter, but still the park remains shut. She had also approached the Delhi Commission for Protection of [...] Continue Reading »
In the general body meeting, the capital value based property tax system has been cleared which was passed in the statutory standing committee. The proposal was brought for discussion under the ‘Urgent Business’ proposals and was cleared even though it was not on the agenda. Congress members staged a walkout due to the speedy passing [...] Continue Reading »
The Hyderabad Metropolitan Development Authority (HMDA) will be opening the Outer Ring Road (ORR) stretch between Patancheru and Shamirpet to traffic in July. The road works will be completed by end of June and it will be open to public in July if chief minister Kiran Kumar Reddy grants permission, said sources. The HMDA has already completed about 87 [...] Continue Reading »
Edelweiss Housing, a branch of financial service provider Edelweiss Group, aims at taking its total loan-book size to Rs 6,000 crore by 2015, a top company official said. The firm has a loan book size of 900 crore and has set up its housing finance in 2010. Anil Kothuri, Edelweiss Housing Finance Executive Vice-President, told that the company started [...] Continue Reading »
The Bruhat Bengaluru Mahanagara Palike (BBMP) has violated the Karnataka High Court’s order by granting permission to construct nine commercial complexes in Malleswaram. An interim order passed in January, HC said, it will not be giving permission to reconstruct or redevelop residential areas near private homes in areas like Jayanagar, Malleswaram, Richmond Town and Vasanthnagar. [...] Continue Reading »
