Buildings
In a bid to increase revenue as well as to address the issue of illegal building, the Kochi Corporation is planning to allot building numbers to all unauthorized buildings and then impose penalty three times the normal tax on the owners. Both residential and commercial buildings constructed without prior approval from the civic body would [...] Continue Reading »
The trend has been that compared to other metros, the overall demand for 1BHK apartments in Bangalore are much lower. However, the recent trend shows that 1BHK apartments have gained importance in localities of North Bangalore, closer to the Devanahalli Airport. North Bangalore is growing primarily on account of proximity to the International Airport in [...] Continue Reading »
Bangalore developers are performing much better than their counterparts in the rest of India in terms of sales and aggressive project launches. As per the books, Shobha Developers and other leading realtors are in better position than their counterparts in other metros. Although Bangalore-based real estate firm Brigade Enterprises Ltd’ s numbers contrast with Shobha’ [...] Continue Reading »
West Hyderabad has become one of the fastest growing areas in the city in terms of IT development, increase in capital values and infrastructure growth. The areas like Madhapur, Kukatpally, Miyapur, Banchupally have generated robust demand due to the presence of IT professionals, good connectivity and IT parks nearby. Apart from these areas, Banjara Hills, [...] Continue Reading »
The 2,750 acres of land in Bangalore North was acquired by Bangalore Development Authority to form Arkavathy Layout about nine years ago. Despite the fact that allotment of the site is yet to be completed, high-end villas, villaments and row houses have come up all around Arkavathy. The private developers have been showing interest to [...] Continue Reading »
Residents and industry owners in Ghaziabad have forwarded their suggestions to the authorities on the proposed redevelopment of national highways passing through the area. The Ghaziabad Residents’ Welfare Association Federation and the Ghaziabad Industries Federation have submitted their suggestions on environment and infrastructure of the highway in a meeting attended by National Highways Authority of [...] Continue Reading »
Distracted with legal battles, the Bangalore Development Authority (BDA) has lost 108.94 acres out of its 2,750 acres to Bharat Earth Movers Limited (BEML)?Employees’ House Building Co-operative Society (HBCS) at several villages in north Bangalore. The land was taken for formation of Arkavathy Layout. Now, the civic body has laid claim to 1,200 acres, albeit with [...] Continue Reading »
The Delhi High Court has issued notice to the central and Delhi governments on a public interest litigation (PIL) seeking a ban on the installation of cell phone towers on residential buildings. The PIL, reports that these towers can pose health hazards to residents living within 50-metre radius and also sought urgent steps to reduce [...] Continue Reading »
Retail loans may turn cheaper as country’s central bank, Reserve Bank of India (RBI) has announced a reduction of one percentage point in Statutory liquidity ratio (SLR) for banks. Retail customers may get the benefit of lower lending rates as banks may reduce rates on retail loans. The lower SLR, which is the proportion of deposits banks [...] Continue Reading »
Many real estate projects in Mumbai‘s western suburbs have been halted in recent times due to the sluggish demand and new Development Control Rules (DCR). Brihanmumbai Municipal Corporation (BMC) recently came up with a list of delayed projects in Mumbai and the western suburbs accounted for 202 of the 326 stalled projects in the city. [...] Continue Reading »
