Chandigarh
TDI Investors Association which includes 70 member investors from Chandigarh created a row, alleging that the owners had cheated them of Rs 150 crore. In a press conference the association stated that in 2005 a legal contract was signed between the company and the members following whom they paid 80% of the cost for showrooms [...] Continue Reading »
Illegal mining renewal in Tauru and Nuh has started ringing alarm bells in the region. Environment activists blamed the state government and local administration on Monday, for their disappointment to act inspite of Supreme Court orders of ban on such activities and pressurized them to take the case to the apex court or the National [...] Continue Reading »
Chandigarh Housing Board held the auction of commercial properties which remained largely unsuccessful with only two properties fetching a little over the reserve prices. The CHB auction in 2009 had also met a similar fate. One of those properties was in Sector 38 (West) fetching Rs 61.13 lakh, just Rs 25,000 more than the reserve [...] Continue Reading »
The Commissioner, Customs and Central Excise Department has ruled that the conversion of plots will not attract service tax. This has come as a relief to the plot holders in Industrial Area, Phase I, and Phase II in Chandigarh. The order applies to the conversion from industrial to commercial. UT Estate Office was issued a [...] Continue Reading »
Over the years, real estate has grown vastly in the prime cities of India such as Mumbai, Delhi-NCR, Chennai, Bangalore and Kolkata. The leading cities witnessed rapid growth with the wide-spreading industrialisation attracting massive population. After the tier-1 cities, now it’s time for the tier-2 and tier-3 cities to see significant pressures on their infrastructure [...] Continue Reading »
The prices of residential properties in prime cities of India in the Jan-March 2013 quarter have witnessed an upward trend, shows National Housing Bank (NHB) residential index (Residex). NHB Residex records the movement in prices of residential properties on a quarterly basis. NHB Residex presently covers property price data of 20 cities on a quarterly [...] Continue Reading »
Chandigarh: Haryana Urban Development Authority (HUDA) has planned to stop giving upper time limit to allottees for completing minimum construction on residential and commercial plots. Earlier, it was directed that the allottee has to complete the minimum construction within two years from the date of possession of the plots. A HUDA spokesperson said that now [...] Continue Reading »
Chandigarh: The UT administration is planning to perform structural auditing of private residential structures on a move to ensure the safety of housing units in the city. In this regard, a survey was carried out, according to which there is a large stock of non-engineered buildings in Chandigarh which have been developed without following the [...] Continue Reading »
Chandigarh: Alpha G:Corp, a partner of Morgan Stanley and a leading real estate developer being funded by FDI, is planning to join hands with the Chennai-based Rattha Group to develop a Rs 1,000-crore integrated residential township in Chandigarh. The township will be located just 2.5 km from the Chandigarh border and is among the closest [...] Continue Reading »
Chandigarh- A revision of property tax rates in residential areas in Chandigarh will be performed by the committee of local bodies department. The Municipal corporation had imposed nominal property tax of Re 1 per square yard annually on residential properties having an area above 125 square yard. This amount paid will be restricted to Rs [...] Continue Reading »
