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After a surprise inspection, the office of chief accounts officer of BBMP was sealed recently. The audit was done by BBMP’s accounts committee and the charges were that the officer was not doing his work properly as many files were yet to be cleared. Many of the files were gathering dust and were kept untouched [...] Continue Reading »
The Bangalore traffic police department made fastening of seat belts compulsory. Which is indeed a good initiative, next initiative is to follow lane rules. Traffic police department has decided to take strict action on commuters dis-obeying traffic rules. Bangaloreans you have to follow traffic lane discipline if not you will end up paying heavy penalties. [...] Continue Reading »
The citizens of Chennai curse themselves for being pedestrians of the city! The road accident cases have increased so much that the citizens have developed a fear of even going out on the city main roads. The Chennai City Traffic Police report revealed 38 per cent of the total number of road accident deaths for [...] Continue Reading »
Issues in concern with traffic in Hyderabad city is in a dire need of being maintained up to date. The infrastructure of the city along with the construction of flyovers has been increased when compared to previous years. The areas surrounding Gachibowli and Tolichowki have been drawing prolonged traffic with the days progressing. The increase [...] Continue Reading »
According to the Consortium of Real Estate Developers’ Associations of India (CREDAI), real estate properties in Bangalore will grow by 25% in the coming year. It is analyzed that the demand for commercial and office space is increasing while the sale of apartments in Bangalore is still low. As the value of rental properties are [...] Continue Reading »
The president of Confederation of Real Estate Developer’s Association of India (CREDAI), state that the project clearance process is better in Bihar than Maharashtra. He also informed that because of the governmental setup the builders get quick sanctions which enables them to complete the real estate projects in time. The members of CREDAI assembled in [...] Continue Reading »
Governor K. Rosaiah said that green concept in real estate sector is essential to help the present environment. It is essential for both commercial and residential properties in India. The governor emphasized more on usage of Eco-friendly construction material in development of real estate projects. Green house is currently a high priority concept among the [...] Continue Reading »
Mumbai based real estate builder Sunteck Realty plans to invest about Rs.5400 crore by 2020. They also planned to construct 18 million sq ft of real estate property. Sunteck Realty currently constructing 27 projects across the country. According to Sunteck, there is lot of demand for luxurious apartments. Sunteck Realty will complete five residential and [...] Continue Reading »
The Union ministry of housing & urban poverty alleviation has prepared the draft of the real estate regulatory bill. The proposal in the draft will encourage the builders to promote clarity regarding the project information. The proposed draft also ensure that builders will concentrate about timely project completion, failing which penalties will be imposed. Failing [...] Continue Reading »
The home buyers as well as the builders are disappointed by the proposals of the state budget of Maharashtra. The price of real estate properties were increased several times in past one year. The increased rate of home loans also added burden on the home buyers. Now the latest announcement of imposing additional 5% stamp [...] Continue Reading »
