Government
Chennai’s office market is stable and there is no increase to the last year’s activity levels. This commercial market is especially driven by the demand from ITES or IT comapanies. According to property consultant, vacancy level is decreasing and there is an inch rise in the rental values in selected areas. According to the range from 8-11 [...] Continue Reading »
Property investments remains dull despite attractive offers and aggressive marketing. The reason for the slowdown in real estate is because of the high property prices and unusual rise in the cost of materials used for construction, says the ASSOCHAM survey. On the eve of festival, there was a growth of only 20 percent compared to [...] Continue Reading »
The government has decided to raise the amount on annual income for Economically Weaker Sections (EWS) and Lower Income Groups (LIG) to get the benefits of housing scheme. The income declared for EWS have been raised to Rs 1 lakh from Rs 60,000 and for LIG it has been raised to Rs 2 lakhs as [...] Continue Reading »
A 22 cottah plot of land in Rajarhat, Kolkata has been sold out to set up a polyclinic cum daycare centre has drawn Rs 6.85 crore in an auction. November 9 was the last day of application. The New Town lacks polyclinics and hospitals, so the residents have to depend on neighbouring areas. To bring [...] Continue Reading »
The Delhi government currently is in a state of chaos as the economic slowdown has impacted the market. It was stated by the chief secretary PK Tripathi, on 18th October that the government had much to worry regarding the condition of the state exchequer. The third quarter of the financial year witnessed an unimpressive 40% of collections. [...] Continue Reading »
In a recent launch by the Chief Minister J Jayalalithaa in Tamil Nadu, a housing scheme for police personnel has been initiated as a part of the government’s resolve to cater comfortable dwelling units for the uniformed personnel. The foundation stone for the construction of about 2,673 multi-storeyed dwelling units under the first phase of “Own [...] Continue Reading »
The Deputy Chief Minister and city in-charge R. Ashok has stated that the garbage problem will end up in four days following the crank up of the State Government and the Bruhat Bangalore Mahanagara Palike (BBMP). CHief Minister Jagdish Chettar told that government is looking for a permanent solution and five dumping yards have been [...] Continue Reading »
The Andhra Pradesh government decided to distribute one lakh acres of land to the landless poor in the state on November 1. So far, the government has sketched around 85,480 acres of land to be distributed to 60,888 beneficiaries across the state, said Revenue Minister N Raghuveera Reddy. It was stated by the Revenue Minister [...] Continue Reading »
The Delhi Government has approved the sale and purchase of 320 unauthorised colonies. These lands were regularised earlier this month and will be on sale in a day or two. This decision was taken in a meeting by the Task Force organised to address issues relating to the unauthorised colonies. Chief Minister Shiela Dixit said [...] Continue Reading »
The Bruhat Bengaluru Mahanagara Palike (BBMP) Council has passed a resolution to include Electronics City under its fold for administrative purposes. As per resolution, villages in and around Electronics City will be merged under the BBMP’s jurisdiction. At present the electronic city has a total built up area of over 3 crore sq. feet. Though [...] Continue Reading »
