kerela
Non-resident Keralites (NRK) are fuelling Kochi house prices by 30 percent, said P S N Rao, chairman of National Association of Realtors-India (NAR-India), the national federation of associations of real estate agents in 25 cities of the country. Rao based his observation on the data collected through the network of Kerala Realtors Association (KRA) members [...] Continue Reading »
The Francis Alapatt Group, one of the distribution giants and pioneers in gold retail in Kerala, is foraying into the realty business by launching an Executive Business Centre in Kochi. The 18,000 square feet centre, spread across three floors and housed at the Alapatt Heritage Building on the MG road, a prime spot, will have [...] Continue Reading »
The Kochi Corporation has directed Kochi Metro Rail Ltd (KMRL) to execute civic jobs or to adequately compensate the civic body for the land which is being acquired for the Metro project. Expressing its grouse about the allegedly inadequate compensation for the civic body’s land, the corporation said that it is willing to give land [...] Continue Reading »
Two substantial real estate deals have recently been struck by Bangalore-based firms Embassy Group and Sobha Developers. The deals – for which the two companies have shelled out more than ₹1,500 crore altogether – will give Embassy Group a major stake in a business park, and Sobha Developers a substantial stake in a residential project. [...] Continue Reading »
Kerala – The Union affairs Minister has approved the amendments to the Kerala Property Tax Act 2011. The new rates will be applicable from April 1, 2013 onwards. The return forms have been simplified and additional burden on homeowners has also been removed. There will be no fine imposed on the house owners who had failed to [...] Continue Reading »
Kerala- Kerala government has announced the amendments made in Kerala Building Rules (KBR) on 8th January 2013. One of the proposals which will reduce the time taken for approval of building plans is single-window clearance facility. Builders are still not clear with this scenario and are waiting for the gazette notification. This notification will hopefully be out in [...] Continue Reading »
Thiruvananthpuram- The issue of land acquisition is been exaggerated by two ministers by sending confusing signals to the land owners which in turn creates hurdles for developmental projects in Kerela. Owners who are willing to surrender their land as per the Rehabilitation and Resettlement (R & R) package will be provided Infrastructural Bonds (IB) by the revenue department. [...] Continue Reading »
