Bhubaneswar
City buses stopping in the middle of the road has been creating much of traffic problems in Bhubaneswar. The problem is set to be tackled by the concerned authorities as 21 bus bays are set to start functioning from September 1 in the city. According to Dream Team Sahara, which operates the buses started under [...] Continue Reading »
While big realty players like DLF and Unitech seem likely to sell their non-core assets like hotels smaller developers realize an advantage in developing hotels as it increases project valuations. According to industry analysts, real estate players can extract the best valuation by doing mixed land development where they build hotels along with residential and [...] Continue Reading »
PricewaterhouseCoopers, a global professional services firm, inaugurated its new office in Chennai, on Tuesday, to provide advisory, tax and regulatory services. The company has increased its employee base by 24 per cent at the Chennai Centre to meet the growing demand for various sectors. PwC has its existence in major cities of India like Ahmedabad, [...] Continue Reading »
It has been a happy time for those hunting for a house in Bhubaneswar. Tenants are left with multiple options to choose from. The rental market in Bhubaneswar has become tenant friendly. There are many houses with ‘to let’ signs in and around IRC Village, Nayapalli, Neeladri Vihar, GGP Colony, areas to south of Khandagiri [...] Continue Reading »
Recently, Odisha cabinet has decided to increase the land valuation which will in turn increase the holding tax in the state making it a burden on residents in Bhubaneswar. The land valuation is by general administration (GA) department in the city and it will be increased to match the benchmark valuation of revenue department. The [...] Continue Reading »
Surplus delay in a realty project has caused extreme damage to Bhubaneswar Municipal Corporation (BMC). A delay of 13 years has occurred in construction of a market building in Unit IV, Bhubaneswar. Panchdeep Market Complex, an eight-storied market, has been under construction for the past 13 years. The work, which was a joint venture of [...] Continue Reading »
The Orissa Development Authorities Act, 1982 cannot be implemented to rural areas. In a judgment, the High court said that bringing 205 villages under the BDA planned area would take away the power, duties, functions and authority of gram panchayats by the development authority. In the order the high court restricts the power of the [...] Continue Reading »
Bhubaneswar Development Authority (BDA) is very soon coming up with the effective “mixed land use” policy for the betterment of the city. After the implementation of this policy, the diversified use of residential land will be more subtle. According to current provision, one third of land in residential plots can be used for commercial space [...] Continue Reading »
A Delhi based Ashiana Homes will soon be launching large housing complex at Patia near Bhubaneswar. The Ashiana Homes in collaboration with SJ Developers of Bhubaneswar is all set and ready to launch first of its kind residential project in Bhubaneswar. The housing project comes with best of best amenities wherein maximum of the apartments [...] Continue Reading »
It is not just the two wheelers which demands the parking space, indeed the auto rickshaws do need the same! Similar is the scenario at Bhubaneswar. Recently the auto rickshaw drivers in the city approached the government officials and civic body demanding parking slots for them. In order to improve auto-rickshaw transport service and to [...] Continue Reading »
