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The Housing and Urban Development Corporation (Hudco) has refused to accept sewerage treatment plants (STPs) and reservoirs as collateral instead it wants land as collateral. The Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB) is trying to get open land for the Rs 1,000 crore loan for the Godavari drinking water supply project. A senior Water Board [...] Continue Reading »
Mayor, D Venkatesh Murthy has announced that the budget for the city for the year 2012-13 would be introduced by the end of this month. He said that the upcoming budget will be a real one. He also said due to the slow progress of few other projects, which had been under way for three-four [...] Continue Reading »
T Venkataraju, engineer-inchief of BSWWB said that water disruption of Magadi Road and nearby areas was due to illegal connections by slum-dwellers. He said because of this, residents with metered connections have gone through suffering. The gang who came out to protest is mostly included of customers without meters. Water supply was disrupted due to [...] Continue Reading »
Hundreds of homemakers and residents in Magadi Road have blocked the main road near Anjan Theatre and staged protest due to the water disruption which lasted more than three days. Vijay Kumar, a resident, told TOI that none of the residents were aware of the reason why they have not received water from BWSSB. He [...] Continue Reading »
Members of the education standing committee of the Bruhat Bangalore Mahanagara Palike (BBMP) have witnessed pathetic state of infrastructure as they visited some corporation schools in the city last week. Due to inadequate classrooms, classes were held in the playground in Fraser Town BBMP school. Another BBMP school in Cox Town did not have a toilet. [...] Continue Reading »
The Bangalore real estate market has shown ample transactions in May, while vacancy rates plummeted due to stable demand amid limited fresh supply, according to a recent report by Jones Lang LaSalle (JLL) India. Axis Aerospace & Technologies leasing space in Vaswani Centropolis, KPMG leasing space in Salarpuria Hallmark 1 and Ericsson leasing in Umiya [...] Continue Reading »
MG Road in Bangalore which was once said to be pretty boulevard and the city’s pride is no more the same. The locality has now turned into a busy area with more of clutter, dark and potholed roads making it more worse. The six signals between Trinity Circle and Mahatma Gandhi Park are so badly [...] Continue Reading »
The National Highways Authority of India (NHAI) has made a notification for widening of national highways to 45 meters in the district. The coordination committee of people’s forum had opposed the decision stating that this decision will help the land mafias in those areas. According to the group, widening of roads up to 30 meter [...] Continue Reading »
The engineering and construction conglomerate Larsen & Toubro may merge its property development and real estate units as part of a business realignment strategy. According to L&T official, the L&T Urban Infrastructure will now be merged with L&T Realty, which in turn will manage the real estate business for the company. L&T Realty is strengthening [...] Continue Reading »
It is recorded that the rate of rent of commercial and office space in India is increasing rapidly. Firming occupier demand is seeing rental expectations turning positive this quarter as opposed to the negative trend during the last three months of 2011. Market activity indicates that rental value for retail properties has seen an increase [...] Continue Reading »
