Hyderabad
In a major policy decision, the state government has decided to release all welfare benefits only through the Aadhaar card. Andhra Pradesh is leading in Aadhaar card enrollment in the country. Till date, 1.80 crore persons have applied for the 12-digit unique number and a record number of 42 lakh Aadhaar numbers have been generated [...] Continue Reading »
Greater Hyderabad Municipal Corporation (GHMC) commissioner M T Krishna Babu on Tuesday had a meeting with the Federation of Colony Welfare Associations. It was proposed to implement two-bin system of garbage collection in 20 selected colonies to segregate wet and dry garbage at household level itself. He announced that GHMC would give preference to take [...] Continue Reading »
Enhancement of property tax has been on the cards of the municipal corporation for the past four years after formation of Greater Hyderabad. Since March was the financial year ending for the 2010-11, the municipal corporation has decided to hike property tax from the 2011-12 financial year. Two proposals were sent to the government separately. [...] Continue Reading »
Pune’s impressive IT growth, affordable property prices and stable political atmosphere pulling investors to its shores. In fact market analysts from the city say that all corporate firms on expansion mode are now vying for space in Pune as against Hyderabad. Also spelling doom for the once booming sector are cash-rich investors and developers from [...] Continue Reading »
Hyderabad Chief Minister directed HMWSSB Hyderabad to supply drinking water on a daily basis but about 60K households are getting water only once in three to five days. Even after three years the chief minister directed the Hyderabad Metropolitan Water Supply and Sewerage Board (HMWS&SB) to supply drinking water on a daily basis to all [...] Continue Reading »
The builder had rented out a high-rise building in Himayatnagar without taking occupancy certificate from the GHMC and also not complying with fire safety norms. The developer of Maheshwari Mega Ventures had taken permission for two cellars, ground and six upper floors in November, 2008. After completion of the building, the builder rented out the [...] Continue Reading »
Builders are tapping domestic PEs and NBFC to raise cash as banks turn wary of financing construction projects. Under a receivable financing deal, which is generally for 12-18 months, money generated through installments paid by home buyers is put in an escrow account by the builder and used only for repayment to the lender and [...] Continue Reading »
PropEquity, an online data and analytics search platform, has conducted an extensive study of the construction delays in real estate projects and the impact on the industry. Data points covering over 10,000 projects being executed by over 1,500 developers across 11 cities in prime residential locations have been studied to arrive at the trends contained [...] Continue Reading »
Lost a portion of property in the road-widening exercise, get ready to pay tax for the entire property you once owned. The Greater Hyderabad Municipal Corporation (GHMC) is busy serving notices on owners to pay up property tax for structures that have vanished in the road-widening exercise. Generally, the tax wing has to revise tax [...] Continue Reading »
The slack in demand due to slower sales and tardy implementation of infrastructure projects has slowed demand for cement used to build reinforced concrete roads, dams, bridges and houses. Leading cement manufacturers have started offering discounts of as much as Rs 10-20 per 50 kg bag in the last two months as slow sales begin [...] Continue Reading »
