Budget
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 »
Most of the civic bodies or city corporations in the state have already presented the budget for the year 2012-13. Unlike other city corporations, Bruhat Bangalore Mahanagara Palike (BBMP) is yet to take this step. The same budget for last year was presented in August which was approved in September by the government. However, despite [...] Continue Reading »
The real estate sector has the maximum growth potential and provides higher amount of employment after the agriculture sector. Though in the union budget 2012-13, no such declaration was made, the builders and developers still hoping to get the industry status. The developers have again raised the demand for granting the industry status, which will [...] Continue Reading »
The civic body’s annual budget for the year 2012-2013 has been finally declared in Thane. This was announced with the delay in formation of the Thane Municipal Corporation’s (TMC) standing committee. The 2012-2013 budget emphasis on environmental conservation and over all development of of the municipality in Thane. An allocation of Rs2,275 crore with a [...] 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 »
Residents of Bhopal are waiting for Bhopal Municipal Corporation (BMC) budget for a reason. They have been deprived of basic amenities in the localities with problems like poor condition of roads. The last year’s budget Rs 50 lakh has not been utilised and is likely to lapse by March 31. Due to which, the civic [...] Continue Reading »
Confederation of Real Estate Developers’ Associations of India (CREDAI) planned for a two days conference in Pune. The main agenda of the brain storming session is to find out probable solutions for coming out from the critical situation. The top developers from across the country will also discuss the impact of the union Budget 2012, [...] Continue Reading »
With the announcement in budget, enhancing the low cost affordable housing projects, Reliance Industries Limited planned to construct the low cost housing projects in India. Mukesh Ambani, dreamed of constructing affordable housing in 2009. But those plans have not been executed till now. Now the firm is targeting to utilize the unused lands for constructing [...] Continue Reading »
This year budget has brought great hopes for those builders who were indulged in developing affordable homes. As per the current external commercial borrowing (ECB) norms, interest rates will be charged less in case of loan taken from foreign financial institutions than domestic ones. Also loans have been made cheaper for affordable homes’ buyer by [...] Continue Reading »
The storm water line and footpath at Police colony located at Wakad in Pune has raised up issues. When asked about the developments of these civic works, the PCMC civil engineer say that they are laying pipeline for the rain water to recede. To avoid water logging in upcoming monsoon season, PCMC has already commence [...] Continue Reading »
