Delhi
To bring in relief for commuters, after being closed for six months, the Reliance Infrastructure-run Delhi Airport Metro Express has reopened on Tuesday. As an inaugural day offer, passengers were charged at a flat rate of Rs 30. Earlier, the metro was running at a speed of 105 km/ph and is now reduced drastically to [...] Continue Reading »
The Ministry of housing has sought tax sops, under the section 80IB (10) of the Income Tax Act, for the developers of affordable housing projects. A senior government official said the housing ministry has also asked for service tax exemption for private developers of the affordable housing projects. Also, the ministry has suggested that the [...] Continue Reading »
New-Delhi- Unless the Army ensures to offer a gainful redevelopment plan to the Delhi Government, they will have to vacate a World War II barrack on prime land in Lutyens, Delhi. The Army was further asked to make the government’s intention clear about forfeiting the underutilized land in an overcrowded Capital. As per the Army, they are ready to vacate the Princess [...] Continue Reading »
A new government residential colony is coming up in Ghitorni, South Delhi. This colony will have at least 5000 flats and 3000 servant quarters. As per Central Public Works Department, the complex will come up on at least 250 acres. This project in south Delhi will have residential complexes for the employees from the rank [...] Continue Reading »
Noida will have a new residential apartment project in sector 137. For the first time Logix Group presents is launching a residential apartment named Logix Blossom County in Noida Expressway. The whole project is spread over almost 25 acres having 2/3/4 bedroom apartments and penthouses. As Noida expressway has already become one the hot property [...] Continue Reading »
To bring in relief to the commuters, the bylanes of east Delhi will soon be replaced by monorail that will connect the most congested areas and will be linked with the metro stations, liberating the commuters from heavy traffic. A detailed project report of the 11 km alignment of the monorail has been prepared by [...] Continue Reading »
Delhi- After the controversial remarks on the Delhi gang rape, Asaram Bapu is again in the news for another controversy. The self-styled godman has been alleged with Rs. 700-crore land grab case. The Serious Fraud Investigating Office has decided to prosecute him. According to the SFIO, Bapu has been a part of the 200 acres land grab [...] Continue Reading »
New-Delhi- The country’s real estate sector 2013 outlook was revised by Indian Ratings to stable from negative due to the improvement in margin and liquidity of developers seen by the Fitch group. India Ratings has noted an encouraging trend of the ease of liquidity pressures. Real estate companies in the financial year of 2012-13 saw [...] Continue Reading »
In order to recover property tax, the south Delhi municipal corporation has decided to attach their bank accounts. A senior officer of SDMC said, this action will be taken by this weekend. Strict action will be taken on Delhi International Airport Limited (DIAL) which owes Rs 85 crore as property tax to the civic body. [...] Continue Reading »
Though the commissioner has proposed new taxes and hike in parking rates, East Delhi Municipal Corporation will not hike taxes and parking rates. The corporation is planning to develop more parking sites and had asked for a package worth Rs. 7500 crore from the Delhi Finance Commission for the work. It was decided in a [...] Continue Reading »
