Realty News
With Finance Minister Arun Jaitley having announced in his Budget speech that the income generated by Real Estate Investment Trusts (REITs) will be taxed at the hands of investors, bigwig realty developers are mulling the option of launching REITs. The prominent real estate players that are considering the option to launch REITs – which are like mutual [...] Continue Reading »
In a last-week announcement, radio taxi cab network Olacabs revealed that it has raised an amount of Rs 250 crore in a Series C funding round led by Hong Kong-based equity hedge fund Steadview Capital and venture capital firm Sequoia Capital. Other than Steadview Capital and Sequoia Capital, the other participants in Olacabs’ latest funding round were [...] Continue Reading »
With a grave energy crisis apparently waiting to hit Karnataka, thanks to a projected weak monsoon and the widening supply-demand gap, realty experts are advising potential home-buyers to check out a few water-related aspects before buying an apartment in Bangalore. According to experts, prospective apartment buyers in Bangalore should ask developers about whether their project [...] Continue Reading »
An aggressive expansion in India has been planned by Key Hotels, which is a mid-market brand of New York-based Berggruen Holdings proprietary fund. Key Hotels has been operational in India since 2007; with a significant equity stake in the company being owned by its MD & CEO Sanjay Sethi. The planned expansion of Key hotels [...] Continue Reading »
On Sunday, a special property tax collection camp was organized Bruhat Bengaluru Mahanagara Palike (BBMP) on the Garden Apartment (GA) premises at Magadi Road. About the special tax collection camp, Karnataka Chief Minister Siddaramaiah said that the one-of-its-kind move came days after the BBMP officials were reprimanded for their inability to achieve targets in property [...] Continue Reading »
The Union Budget might have missed on the tax concessions for Special Economic Zones or SEZs but the government has been working out on the comprehensive packages for the special zones to increase their exports, other investments, in other words increase their economic activities. The government intend to offer the SEZs some packages for their [...] Continue Reading »
Everyone is aware of the fact that Prime Minister Narendra Modi wants to create 100 smart cities which may take some years to exist as reality. However the experiments for the information technology that will be involved in making of these smart cities shall start as early as this year’s Diwali at the Electronic City [...] Continue Reading »
The Porur flyover work had been stopped for more than two years. The work had been put to hault due to the urgent need to bring in a change in the design of the flyover. The state highways department has recently tried to begin a fresh effort in order to restart the Porur flyover project. [...] Continue Reading »
In Chandigarh a commercial building in Sector 17 was sealed last week. In Chandigarh, several buildings had been reported to the UT estate office as illegal construction. Some had violated the plan sanctioned others completely avoided the laws of construction. These buildings were taken into scrutiny and notices are being issued. More buildings could face [...] Continue Reading »
Recently several cities in India are taking action against illegally constructed buildings. In Hyderabad also after a gap of around 20 days, the Greater Hyderabad Municipal Corporation or the GHMC has taken strict decision to make a renewal in the crackdown procedure of unauthorized buildings that have been constructed in the city. The Greater Hyderabad [...] Continue Reading »
