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GNIDA pocketed Huge Profits by selling Land at Rs 11000 per Sq Metre

GNIDA pocketed Huge Profits by selling Land at Rs 11000 per Sq Metre
According to the master plan for Greater Noida, 23.2% of the total area of 21,570 hectares earmarked for the township is meant for residential purposes. Of the rest, 19.6% is for industries, 16.2% for institutions and 5.6% for commercial development. The price for industrial and institutional land was subsidized by selling commercial land at Rs [...] Continue Reading »

Corporates put their Commercial Properties on Market

Corporates put their Commercial Properties on Market
In the current environment, renting an apartment works out to be much cheaper than outright purchase.It’s the newer properties where one notices sluggish sales because of their high rates. A trend of buyers look at old properties with a substantial number translating into sales. Not surprising then that corporates who own flats in such good [...] Continue Reading »

Social group wants RWC for Gurgaon to ensure Transparency

Social group wants RWC for Gurgaon to ensure Transparency
Social group People’s Action wants the Municipal Corporation of Gurgaon (MCG) to be made stronger with better infrastructure, otherwise development work will be affected as its staff keeps shifting from one department to another. So it asked for a Residents’ Ward Committee (RWC) for Gurgaon on the lines of Delhi to improve civic governance and [...] Continue Reading »

Lajpat Nagar faces Water Contamination Problems

Lajpat Nagar faces Water Contamination Problems
In Lajpat Nagar III, New Delhi, the pipelines are very old and were laid nearly 25 years back. Over a period of time they have rusted and sewage water gets mixed with drinking water which is supplied to the area. While residents have been complaining to the Delhi Jal Board (DJB) but they claim till [...] Continue Reading »

Water Shortage in Parts of Chennai

Water Shortage in Parts of Chennai
Choolaimedu in Chennai is a residential hub that is well connected to T Nagar, Mount Road and Kodambakkam. Choolaimedu is now the residential heart of the city with high rises and apartments packed together. Another area, Kilpauk is now home to many high-rises – which may seem spacious but provide housing to thousands of thirsty [...] Continue Reading »

BMC Mumbai promised to bring in reforms to face Pothole Crisis

BMC Mumbai promised to bring in reforms to face Pothole Crisis
In Mumbai, motorists have been plagued by the bad roads, with traffic being delayed and vehicles damaged. People have faced health problems, too, with back ailments on the rise. Critics said the BMC chief was surrendering to fate by blaming the rains for poor pothole repairs. They said the city is being left to the [...] Continue Reading »

Sector 22 Gurgaon Residents worried over Sewage Leakage

Sector 22 Gurgaon Residents worried over Sewage Leakage
The residents of Sector 22, Gurgaon have no option but to live with the overflowing sewage all around. Residents said that the sewerage line of the colony has been choked for the past two weeks. The frequent showers are only adding to their woes. According to residents, it’s been over a week that sewage has [...] Continue Reading »

Increase in Repo Rate affected the Property Markets in Pune

Increase in Repo Rate affected the Property Markets in Pune
Real estate is the second largest employment generating sector, which will be hit by the decision to increase repo rate by the Reserve Bank of India for the third time since May this year. Out of total price of a flat, some 36% amount goes as tax to the government. Since March 2010, the RBI [...] Continue Reading »

Crores of Rupees spent on Apartments in the Metro Cities

Crores of Rupees spent on Apartments in the Metro Cities
In Mumbai, Rs 10.08 crore was spent on a 4-BHK apartment with an area of 2,771 sqft on Senapati Bapat Marg. This 33rd-floor apartment is housed in an under-construction residential tower touted to be among the most sought-after properties in the area. This works out to a per sq ft price of Rs 36,400, which [...] Continue Reading »

Residents of Ittina Abby Apartment join hands to save Bangalore

Residents of Ittina Abby Apartment join hands to save Bangalore
Shruthi Puri, a housewife, residing in Ittina Abby apartment at Lal Bahadur Shastri Nagar near HAL Airport has decided to do something for her society so that it remains free from plastic bags. Kitchen waste is filled in plastic bags and thrown on the streets. Even cows can’t eat it since it is in the [...] Continue Reading »



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