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The Delhi high court was hearing petitions against DDA filed by applicants who alleged that 25,000 people applied for middle-income , low-income and janta (poor) category plots in the Rohini Residential Scheme, 1981, but are still awaiting allotment due to delay by the authority. The bench, which was not satisfied with the submissions of the [...] Continue Reading »
Mumbai has 104 million sq ft of unsold real estate. The slowdown in real estate sales in Mumbai may have intensified due to higher interest rates, which could pressure developers to bring down prices. This may not be a worrisome trend as sales are low during monsoon. Pressure will start building up only when the [...] Continue Reading »
The setting up of the Maharashtra Municipal Property Tax Board (MMPTB) was a condition of the 13th Finance Commission for releasing a Rs 1,100-crore grant to the state. The MMPTB will be expected to audit tax assessments by municipalities, recommend action in the event of incorrect valuation, settle property tax disputes and design procedures to [...] Continue Reading »
Since January, real estate brokerage firms in Ahmedabad have seen a slump in business by about 30 per cent. Property bookings have also been on a downhill since couple of quarters now. Real estate consulting firm, Jones Lang LaSalle (JLL) India states that the downgrading of US economy has also played a part in aggravating [...] Continue Reading »
Pune continues to figure among the most prime cities for residential investment in India. Though the growth of property values cannot be compared to that of neighbouring Mumbai, Pune has the advantages of being a stable market with a consistent demand coming from a number of strong and dependable business sectors. Of the total 1,74,981 [...] Continue Reading »
A mile-long jam was seen on MG Road following continuous flow of protestors at the Gandhi statue at the junction of Kasturba-MG Road junction throughout the day. What contributed largely to the traffic jam in the central business district was a tree fall on Raj Bhavan Road which is partially closed due to Namma Metro [...] Continue Reading »
Areas around DLF-II, Bristol Chowk, Sikanderpur, Sector 15, Sector 17, Golf Course Road, Old and New Railway Road, Mahavir Chowk, a few colonies of old Gurgaon and the service lanes on the expressway also witnessed heavy waterlogging along with most of the condominiums in Sushant Lok I Block A, DLF – II and Jacaranda Marg. [...] Continue Reading »
The Competition Commission of India (CCI) in its order observed that DLF, which has market dominance, had abused its powers, building Belaire without getting no-objection certificates (NOCs) or seeking clearance from the state for changes that were made to its original plans. The director general, who conducted a thorough probe of allegations, had found that [...] Continue Reading »
Newly sworn-in chief minister D V Sadananda Gowda will symbolically kick off the Bangalore campaign of handing out unique ID (UID) numbers to 80 lakh Bangaloreans by turning up for enrolment at Yavanika, the State Youth Centre on Nrupathunga Road, on Wednesday morning. Aadhaar enrolment in the IT city will be 24/7 with special focus [...] Continue Reading »
Farmers of 22 villages in Greater Noida are waiting for word from the court on Wednesday. This includes many in Patwari. Though there are a few who have approached court, several have not accepted the enhanced compensation as they are waiting for word from the court on the Patwari case. Farmers will consider an appeal [...] Continue Reading »
