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The funds that are being assigned by the Chennai corporation to the councillors for development of wards is not being used at all. The councillors are returning the funds back without even using them. That is why, problems like poor garbage disposal, bad roads, and mosquitoes breeding are getting prospered in some of the localities [...] Continue Reading »
A subway which was to be constructed near Cox Town and Cooke Town is still delayed further. The plan for its construction is on papers from past six years and it seems like it has been delayed for yet some time. There has been at least one accident each month near the Wheeler Road railway [...] Continue Reading »
Kotak realty fund planned to invest in a 100 acre integrated township project in Gurgaon by Parsvnath Developers. The township will consist of residential apartments along with commercial and retail constructions. In past Parsvnath developers sold stakes of its residential projects to private equity funds like JP Morgan, La Tropicana. The proposed township location is [...] Continue Reading »
Developers of special Economic Zone (SEZ) are rebounded by the budget 2012. The builders were expecting some positive announcement from the budget. Though SEZ serves a big responsibility in terms of export and employment, government is not promoting SEZ to the expected level. Due to Minimum Alternate Tax (MAT) and Dividend Distribution Tax (DDT), investors [...] Continue Reading »
The real estate in Hyderabad is expecting rise in demand for apartments in Hyderabad. Compared to last year, the number of interested buyers are more in this year. The interest of buying apartments are more among the NRIs. Also more interested customers are coming from the working localities. The enquiry rate has increased for the [...] Continue Reading »
An auction made by Greater Mohali Area Development Authority (GMADA) for Purab Apartments scheme is not able to attract home buyers. GMADA offered 4500 apartments in the scheme. They received only 6500 applications against the auction. According to an official of GMADA the allotment of the apartments will be made after the completion of the [...] Continue Reading »
As a result of the construction of the apartments and malls, the space for building nests are disappearing for the sparrows. In a recent survey it is found that the house sparrows have moved to the outer part of Bangalore and nearby villages. Basically the bird is known to live close to human habitats with [...] Continue Reading »
The growth of real estate in Delhi was very steady in last couple of decades. Many satellite colonies has been constructed in an unplanned way. According to a survey reported by Delhi government, it is found that most of the colonies’ apartments were constructed ignoring the load bearing capacity of the foundation. The report also [...] Continue Reading »
Sector 41 Gurgaon residents are worried over the bad state of the roads in their locality. The prime locality which has many posh apartment projects has failed to have roads in nice condition. All the roads have ended up into cesspools and waterlogged. RWA representatives have already approached the authorities but all in vain. Also [...] Continue Reading »
Many wards have been added under Bruhat Bengaluru Mahanagara Palike (BBMP) limits in recent times. One of them is Ramamurthynagar and residents were happy as it comes under the civic body now. But the happiness is short lived as there are many amenities that are still to be provide. Some are drinking water shortage, dirty [...] Continue Reading »
