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Residents of Model Colony area want the work of culvert to be expedited before the onset of the monsoon since it could lead to water logging. The Pune Municipal Corporation (PMC) has begun constructing a culvert in Model Colony to prevent water logging this monsoon. According to the Pune Police (traffic branch), the road-Hare Krishna [...] Continue Reading »
The Delhi government has given the Green signal to allotment of flats in the disputed DDA housing societies in Dwarka. The Delhi Chief Minister Sheila Dikshit said the government has resolved the complex issue of allotment of flats as most societies were under CBI probe. The state government has instructed the Registrar of Cooperative Societies [...] Continue Reading »
In January, the I-T department had raided about 20 premises of Lodha Group in Mumbai and Hyderabad on alleged misreporting of income. While examining the documents found at these premises, I-T officials came across details of bank lockers in the name of some of the company’s employees. When these lockers, in all 26, were raided, [...] Continue Reading »
With major banks and housing finance companies (HFCs) raising mortgage rates, it is tough times for a large number of home loan customers with floating rates. On Tuesday, State Bank of India, the country’s largest bank, raised both its deposit and lending rates, taking its effective home loan rate to 10.25%. A back of the [...] Continue Reading »
Brigade Enterprises, which has a presence in residential, commercial and retail segment of the real estate industry, is planning to raise around Rs 400 crore debt during present financial year to fund its future business growth. “We will raise around Rs 300 crore-Rs 400 crore in the present financial year to fund our future business [...] Continue Reading »
The western naval command wants no new buildings at least 500m around defence installations in Mumbai’s Colaba. It wrote to the ministry of defence, asking it to invoke the Works of Defence Act (WOD), 1903, to restrict construction of buildings for a particular distance, and thereafter, there must be height restrictions. If the recommendation is [...] Continue Reading »
In the next five years, the housing boom will reach the smaller urban centres to target new segments of customers, says realty finance expert and author Sitaraman. “The real estate sector will go to the tier 4, 5, 6, 7 cities – the small towns – in the next five years. The industry intends to [...] Continue Reading »
Regulations to govern riverfront development could be in the offing as the environment ministry is setting up an expert group to seek its opinion about it. The ministry’s moves may come in as a key route to regulate how the rivers are managed in the cities. Now, the rules stipulate only regulation of coastal zone [...] Continue Reading »
Puravankara Projects, one of the leading real estate companies in the country, made foray into the city with a Rs 650 crore project, offering luxurious two and three bed room apartments.Puravankara Projects Limited launched its first luxury property in Coimbatore, ‘Purva Bluemont‘. Purva Bluemont sitting on a 16.86 acre land offers the discerning home owner [...] Continue Reading »
Residents of Coffee Board Layout paid BBMP Garbage Cess but BBMP Bangalore not collected garbage for a month. Residents of Coffee Board Layout used to pay Rs 30 per house to contractor for collecting garbage from the area. Since BBMP started collecting Garbage Cess for this year, residents of Coffee Board Layout stopped paying the [...] Continue Reading »
