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It’s high time that Bruhat Bengaluru Mahanagara Palike (BBMP) has to clear all loan interest payments! December 31, 2011 is the final deadline for BBMP to pay Rs 750 crore to various banks. BBMP has around 500 bank accounts in 12 financial institutions! BBMP Commissioner M K Shankarlinge Gowda say that they have lots of [...] Continue Reading »
No one has any idea as to why Bruhat Bengaluru Mahanagara Palike (BBMP) is upholding such a confusing work flow. Recently it was questioned to show the records for the funds spent during 2006 to 2011 five year plan and there was no reply. Now, again the palike claims to have spent crores in laying sewerage [...] Continue Reading »
On the spotlight again, Bruhat Bengaluru Mahanagara Palike (BBMP) for it’s additional usage of funds. The expenditures of BBMP from March 2006 till November 2011 is Rs 22,338.05 lakh, which is considered a big amount. There is no answer as to where this heavy amount has been used. These are supposed to be additional expenses [...] Continue Reading »
Real estate market has been witnessing a continuous ambiguity First, investors invested in properties leaving no affordable properties for buyers. Now, those nervous investors are selling off the properties below market rates and destroying developers’ sale market. Both buyers and investors are in a puzzled state. In this total confused market, look for properties which are [...] Continue Reading »
It is a fact that realty sales dropped down badly during 2011. Even a recent survey by real estate experts revealed that the housing financing companies also had to face same situation resulting in home loan sales drop down. However, in the real time scenario there is a different story in concern with these housing [...] Continue Reading »
It is not just the two wheelers which demands the parking space, indeed the auto rickshaws do need the same! Similar is the scenario at Bhubaneswar. Recently the auto rickshaw drivers in the city approached the government officials and civic body demanding parking slots for them. In order to improve auto-rickshaw transport service and to [...] Continue Reading »
A group of DHFL company, Arthveda Fund Management recently launched 200-crore fund in namely “Arthveda Star Fund“. This fund launch is to aim to make an investment in greenfield residential projects with a greenshoe option. The fund management has plans of investing 75 percent of its share into middle income housing projects at Tier II [...] Continue Reading »
Mumbai saw a dip in residential projects being launched this year due the long lasting effect of the slump in realty market. As per a report by property consultants Knight Frank, as planned out of 54,968 units, only 19,470 residential units were launched in Mumbai in 2011. The upside down projection in realty market is [...] Continue Reading »
The amendments in the prevention of Money-laundering Act is on the pace of getting approved in the parliament. Once it is approved by the parliament, realty defaulters, you have a tough time ahead! The realty norms are getting more and more tough. With the amendments made in the act, the criminal realty dealings is sure [...] Continue Reading »
After a wait of four months, WB Governor has finally given a consent to the KMC (Amendment) Bill, 2011. The bill hold special interests for KMC and also speaks for waiving property tax for defaulters. The Governor instead of giving his consent for the bill, wanted to know what steps KMC had been taking against [...] Continue Reading »
