Hyderabad
The revenue department has proposed an amendment to the Indian Stamp Act, 1899 to capture the huge change in the Indian economy over the past century. The draft law will be taken up by the cabinet soon. The new stamp duty law worked out by the government says the benefit will lapse one year after [...] Continue Reading »
Majlis-e-Ittehadul Muslimeen (MIM) MLA Akbaruddin Owaisi had to pay a heavy price for the campaign he had launched to identify illegally encroached government and Wakf land in his Chandrayangutta constituency for public use. Unidentified assailants opened fire at Akbaruddin in the old city of Hyderabad. The assailants reportedly came on horsebacks, attacked Owaisi with swords [...] Continue Reading »
The plans of Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB) to provide new water connections online seems to have gone for a toss. In the last two months, many denizens have filed online applications but officials like section managers, deputy general managers and general managers have reportedly made people run from pillar-to-post, to know [...] Continue Reading »
The Greater Hyderabad Municipal Corporation (GHMC) to collect surcharge and other taxes in colonies where new development works will be taken up under Total Infrastructure Program (TIP). The works would be taken up in new colonies in surrounding municipal circles with a loan of Rs 600 crore proposed to be taken from various financial institutions [...] Continue Reading »
The High Court issued interim orders on Monday staying the property tax hike by the Greater Visakhapatnam Municipal Corporation (GVMC). The High Court division bench comprised of Justice V.V.S. Rao and Justice Ramesh Ranganath issued interim orders on Monday staying the property tax hike by the GVMC and ordered that the hike should not be [...] Continue Reading »
The Confederation of Real Estate Developers Association of India (CREDAI), Andhra Pradesh chapter is likely to implement a code of conduct for all its members in the state. This was announced by C Sekhar Reddy, vice-president of CREDAI (president of the AP chapter), at a conference held in Hyderabad on Friday to discuss the many [...] Continue Reading »
Tech hub Bangalore tops the list in a new Morgan Stanley report on how India’s booming cities cope with problems from infrastructure to job creation. By 2030 India’s cities will be home to about 590 million people – nearly twice the population of the United States today. Its findings are based on a City Vibrancy [...] Continue Reading »
The Greater Hyderabad Municipal Corporation (GHMC) has decided to utilise the ‘Off Site Real Time ‘(OSRT) system for town planning operations and services to prevent unauthorized constructions and deviations in sanctioned buildings. The GHMC would monitor the sites through satellite maps and images. Under the OSRT system, GHMC’s town planning staff would take pictures of [...] Continue Reading »
RBI introduced a ceiling on “loan to value” (LTV) ratio for home loans. The central bank has said that the loan to value ratio for home loans cannot exceed 80 per cent of the value of a house as housing loan.This in effect means that you will have to shell out more from your own [...] Continue Reading »
Members of Gangaputra Society alleged that some of the houses under Jawaharlal Nehru National Urban Renewal Mission (JNNURM) scheme were allotted to those not eligible under the scheme. They also brought to his attention the encroachment of 5.38 acres of the society’s land by some washer men. Responding to a representation from Gangaputra Society at [...] Continue Reading »
