Realty News
The North Delhi Municipal Corporation has planned to start numbering all the properties in order to nail tax evaders. The corporation at present does not have a database of the number of properties liable to pay tax and this is what paving way to huge loss through tax evasions. It has no idea which household [...] Continue Reading »
Sobha Developers, Bangalore-based real estate company, has given a new sales guidance for the year of $363 million (Rs 2,000 crore) for this fiscal. For the same period last year, the developer managed sales of $309 million (Rs 1,700 crore). In the second quarter of FY12, the realtor launched Sobha West Hill in Coimbatore. It [...] Continue Reading »
Despite low demand for real estate projects in Kochi, realtors deny to reduce prices hoping that the sector will soon recover from the current situation. The average price of double bedroom flats in the city varies from Rs 35 lakh to Rs 45 lakh. Realtors say that majority of the apartment projects in Kochi were [...] Continue Reading »
The ‘Garden City’ residents are waiting to see when the Bruhat Bangalore Mahanagara Palike (BBMP) will wake up to their plight and takes some remedial action against garbage that is piling up in Bangalore as the contractors are not bothered to collect it. The communities, who live around Mavallipura, where the city’s garbage was dumped [...] Continue Reading »
Realty builders of Bangalore are unauthorised to sell parking spaces, but still they collect money and provide ownership of the space to their tenants. Taking advantage of the ignorance of their tenants almost all the builders in the city have made it a practice to sell parking spaces in apartment complexes, gated communities and so [...] Continue Reading »
The floods of 2005 created mess in the Santa Cruz-Kalina belt but, for many of its residents, their anguish did not end with that one unforgiving monsoon. Every year, whether the rains are ruthless or not, high tide causes flooding in the ground floor houses at Air India Colony in Kalina and at Saraswati Road [...] Continue Reading »
The Builders’ Association of India (BAI) has requested the Competition Commission of India (CCI) to revise its rules to allow for criminal prosecution against cement company officials for their alleged role in cartelisation. BAI trustee D L Desai said that the association members have urged the CCI to amend its rules to allow criminal prosecution [...] Continue Reading »
The South Delhi Municipal Corporation (SDMC) has decided to impose fine on anyone found leaving construction material on the roadside as it may clog the drains during monsoons. Mayor of SDMC, Savita Gupta, said that the decision was taken this week as the corporation has noticed that there is a mass of construction works being [...] Continue Reading »
The real estate developers of Delhi are resting at ease as the master plan for Greater Noida 2021 gets a step closer to approval. They believe that they would be able to resume construction once the National Capital Region Planning Board (NCRPB) gives the proposal a go-ahead. Though the final clearance from NCRPB is yet [...] Continue Reading »
According to ‘India Tax Ratio 2012‘ report by TaxSpanner, an online income tax return filing portal, only 56 per cent salaried individuals surveyed in the country own a house despite earning more than Rs 10 lakh annually. And amongst those earning below Rs 10 lakh annually, only 13 per cent own a house. This shows [...] Continue Reading »
