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Indian cities are now becoming famous with the mad rush of real estate investments made by NRI’s. Same has been assured according to the survey conducted during the 2-day property show organized by Priya Publications and REBI. This revealed that NRI’s especially from US have Bangalore city as their favorite destination for the real estate [...] Continue Reading »
Recently Brihanmumbai Municipal Corporation (BMC) has asked renowned telecom service provider, Airtel to pay property tax on mobile towers which are put up on flyovers. To this Airtel has filed a case against BMC claiming the tax is illegal in all ways. The towers were set up on flyovers in April 2008 after Maharashtra State [...] Continue Reading »
The country’s fifth largest revenue private sector lender, Kotak Realty Fund has decided to lend Rs 523 crore to the real estate developers. On behalf of same discussion, the Kotak Realty Fund expert say that they have raised money for debts from its present investors who are contended with the returns they have got till [...] Continue Reading »
A 10 percent fall has been witnessed in this year’s third quarter in residential sector over previous quarter. Various attributes have contributed to this dip like home loan rates, hike in property prices, doubtful economy, etc. However, apartment and villas prices more than Rs 3 crore are not affected by the factors. But, the mid [...] Continue Reading »
The builders and developers in Chennai are planning to pre-launch their projects which was kept unsold or unused due to major drop in property sales. Only because of the rising interest rates and property price hike nearly half-a-dozen of mega residential projects were on hold. On the occasion of Pongal (festival), the city developers are [...] Continue Reading »
Chennai to soon witness a Rs 110 crore project called ‘Infiniti’ spread over 4.10 lakh square foot in Sriperumbudur area. The complex is 80% complete and rest will be completed by initial 2012. The builder, Vijay Shanthi group says that the project consists of 588 luxurious apartments in the size range of 365 square foot [...] Continue Reading »
Good news for residents registered under 1981 Rohini Residential scheme! Delhi Development Authority (DDA) has finally approved around 21,000 plots to accommodate the residents who were in the waiting list in the scheme. More than 25,300 registrants were waiting for long for the plots. This approval could be possible only by the allotees’ pressure for [...] Continue Reading »
The traffic situation in Noida has been impossible to manage. The major streamline of the present traffic situation is turning commuters ride worse. Therefore, the Greater Noida Authority has passed on orders to the city traffic department to come out with workable and extensive traffic management plan. However, the commuters are fed up managing drive [...] Continue Reading »
The residents of Vilappilsala, Thiruvananthapuram is fed up with the improper maintenance of the garbage plant in their area. Municipal Corporation and the government body seem to be turning a blind eye towards this problem even when the cases of various skin diseases and respiratory problems are rising among the residents. Therefore the Vilappilsala Janakeeya [...] Continue Reading »
The Bihar assembly has passed on Bihar Apartment Ownership (Amendment) Bill, 2011 in order to settle disputes between the builders and property buyers. This bill is expected to bring in more transparency in the property transactions. The Urban Development minister Prem Kumar presented the bill in the assembly house and all the members present there [...] Continue Reading »
