Realty News
Illegal constructions are going out of hand even strict eye is kept on this sector. Municipal Corporation of Delhi (MCD) has done all possible ways to keep illegal properties under wrap but still the menace is out there. The officials alleged that 22 properties have been found illegal and will be razed. The properties are [...] Continue Reading »
As per the targets issued by Bruhat Bangalore Mahanagara Palike (BBMP) Commissioner M K Shankarlinge Gowda, the municipal officials have already started sending notices to the property tax defaulters. The officials are on high alert, rushing in a fast pace to clear all pending property tax payments. By March 2012 target of Rs 500 crore [...] Continue Reading »
Vijay Shanthi Builders who are into providing its customers art and lifestyle apartments recently announced the sale of it’s project Park Avenue (Phase I). The entire project of Park Avenue has been declared to be sold which today bares a cost of Rs.95 Crores. Park Avenue is located Vandalur Kelambakkam Road (SH-121), Melakottaiyor Village, Chennai. [...] Continue Reading »
Mugdha Developers present a quite unique and contemporary project in the peaceful atmosphere of Judicial Layout in Allalasandra, Bangalore. The project named as Mugdha Ananya is a super luxury apartment complex housed with unique facilities and amenities. The units are so refreshing and spacious, one will surely want to be after a long tiring day. [...] Continue Reading »
Jalahalli located in the northern part of Bangalore city is an eye catching locality for its greenery. Initially the area was developed by industrial sectors like; Bharat Electronics Limited (BEL), CMTI, Hindustan Machine Tools (HMT), the packaging unit of Tata Tea Ltd and Airforce station spread across all four corners of the locality. If these [...] Continue Reading »
Rental accommodation in Delhi is growing sky high. A one bedroom apartment in Delhi will cost more than Rs 9,000. However, keeping apart a common man’s woes the government flats are under controversy for now! These flats follow up pathetic rules and regulations. To find a decent accommodation in the walled city today it is [...] Continue Reading »
One of India’s leading newspapers “The Hindu” recently published a feature about Commonfloor.com. The story spoke about the efforts and vision of Lalit Mangal, Sumit Jain and Vikas Malpani, the founders of Commonfloor which was started in 2007. Hindu covered Commonfloor as: “a tool to empower the committee and the owners for better and transparent [...] Continue Reading »
Banks will now be relieved if the amendments to the Sarfaesi laws is done very soon! Under the proposed amendments in Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (Sarfaesi), banks wil now be allowed to seize the defaulter borrower’s property in any case. They can even buy the asset [...] Continue Reading »
Residential properties in Hyderabad that have been leased and rented out by owners to other members will have to bear additional property tax rates. The Greater Hyderabad Municipal Corporation (GHMC) say that this is not a hike in property tax, however a rationalization of tax. The recent field inspection by property tax collectors revealed that [...] Continue Reading »
Metro cities has seen a slow down in demand in the residential realty sector in the recent times. This is due to the fact that there has been a lot of hike in property prices and rise in interest rates. According to a report, Delhi-NCR has topped the list of unsold flats at 102,758 units, [...] Continue Reading »
