Realty News
Haryana government asked realtors for a status report of houses for the economically weaker section and affordable housing categories in Gurgaon. According to Haryana government, Gurgaon’s realty space has provisions for 31,736 flats under EWS and affordable housing categories in Gurgaon. These flats are a part of 208 group housing colonies for which the government [...] Continue Reading »
Nashik Municipal Corporation (NMC) is planning to hike property tax by 36 per cent from 2015-16 onwards. This proposal was put forward in the budget for the next fiscal year, which was presented by municipal commissioner, Praveen Gedam, for approval. Panel Chairman Rahul Dhikle reviewed the proposal at a special meeting at the standing committee [...] Continue Reading »
If you have money to invest, chances are that you will be in a position to enjoy the RBI’s recent hike in remittances. Due to the stability in the foreign exchange market, the RBI has decided to relax the credit limit as per the liberalised remittance scheme (LRS) and has hiked remittances, and this will [...] Continue Reading »
When realtors create residential developments, they are to abide by a set of rules that determine how much of land is to be set aside for parks, roads and civic amenities and what is to be done with such dedicated area once the development is completed. There is often a conflict of interest between the [...] Continue Reading »
The National Capital Region comprises Delhi, New Delhi, cities surrounding them in Haryana, Uttar Pradesh and Rajasthan. Its compass includes the Haryana Sub-Region with Faridabad and Gurgaon, which are the two most prominent districts here, with a lot of promise. Then there is the UP sub-region that includes Ghaziabad, the Rajasthan sub-region and now UP [...] Continue Reading »
What once used to be a mid-level market full of estates, green stretches of land, fields and farms, East Bengaluru has grown from a stretch of land with 33 wards into a phenomenally developed IT area in its own right, thanks to giants like Wipro and Accenture who have offices there. There have been huge [...] Continue Reading »
Greater Visakhapatnam Municipal Corporation (GVMC) has introduced a new penalty provision to boost its collection of property tax. This penalty is simple interest of 2 per cent on property tax for half a year, if the tax has not been paid by the end of the first quarter of that year. What this essentially means [...] Continue Reading »
The ambitious Phase 1 of the Namma Metro mass rapid transit system in Majestic, which is the intersection of the east-west and north-south routes, has hit a roadblock in terms of work and its completion could be deferred to 2016. In terms of completion, the metro is 65 per cent done, with the base slab [...] Continue Reading »
The compounding water scarcity in Gurgaon has had the HUDA (Haryana Urban Development Authority) coming up with a plan to lay a water supply pipeline in Gurgaon on February 26th. Water scarcity has been so rampant and severe in the whole district and surrounding areas and the pipeline promises to alleviate that problem. HUDA plans [...] Continue Reading »
Buildings without OC (Occupation Certificate) in Bengaluru can now obtain electricity and water/sewage connections under a newly-announced regularisation scheme. Upon registration under this scheme, violators will be penalised with 25 percent higher tariff on energy consumption. This new rule is being implemented according to a circular from the Urban Development Department, for all housing structures [...] Continue Reading »
