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Platinum City Apartments in Yeshwanthpur burgled of valuables worth, in all, Rs 3.75 lakh. As many as five guards are deployed in each block and Vehicles are allowed in only after checking. Investigators suspect that someone working in the apartment could have committed this serial burglary. In two cases, the original keys were used to [...] Continue Reading »
The Supreme Court has called for an amendment to the Prevention of Corruption Act to deal with the malaise, echoing the public discourse in the country. A vacation bench of Justice BS Chauhan and Justice Swatanter Kumar observed “In this country, if there are two laws that need to be changed or amended to act [...] Continue Reading »
A press note from the finance ministry on Wednesday said a committee has been constituted by the Central Board of Direct Taxes (CBDT) to examine and suggest how tax arrears from “assesses not traceable” can be recovered. The new committee will suggest modalities for utilization of the information available with Financial Intelligence Unit and the [...] Continue Reading »
The divestment may gain momentum in the current fiscal with higher indicative realisations for ongoing proposals and expected conclusion on some big-ticket items. DLF plans to sell developed properties to reduce its burgeoning gross debt of 23,990 crore. DLF to sell developed properties to raise 10,000 crore in the next 2-3 years. Last week, the [...] Continue Reading »
The corporation is planning to hike guidance values by 20 to 30 per cent within the city and 10 to 150 per cent in the suburbs. BBMP officials say the correction is long overdue. The last revision was in 2007, and the state government says it has lost revenues due to under valuation of properties. [...] Continue Reading »
The Pune Special Cell held gang of fraudulent real estate managers for cheating more than 200 people in Delhi and Pune of crores of rupees. The fraudulent real estate managers tricked people into buying land in Masharashtra towns at ‘low rates’ and fled. “With the arrest of one Arvind Kumar, a resident of Paschim Vihar, [...] Continue Reading »
The slack in demand due to slower sales and tardy implementation of infrastructure projects has slowed demand for cement used to build reinforced concrete roads, dams, bridges and houses. Leading cement manufacturers have started offering discounts of as much as Rs 10-20 per 50 kg bag in the last two months as slow sales begin [...] Continue Reading »
Rentals in Bangalore is booming. The reason is rise in demand for rental properties. Prices of homes in the city have shot up over the last six months, making it difficult for most to own and maintain a house. The property consultants believe people will now prefer to stay on rent rather than purchase an [...] Continue Reading »
Buying a house along the beach around Chennai is the new trend among those looking for an investment away from the city. This trend has led to development of the East Coast Road (ECR), Old Mahabalipuram Road (OMR), and the Grand Southern Trunk (GST) Road. While OMR Chennai has highrise buildings, ECR Chennai has sprawling [...] Continue Reading »
Now Bangaloreans can take a sigh of relief as they can be well prepared for a power cut situation. Bescom Bangalore will issue power outage information to consumers a week in advance. According to The Karnataka Regulatory Commission (KERC) tariff 2011, electricity supply firms have to publish the power supply plan every week. It has [...] Continue Reading »
