Nagpur
The Nagpur Municipal Corporation (NMC) has asked property owners who do not have water connections to pay extra property tax to make up for the delay in hiking general water tax. Owners in some localities do not have the water connection. As NMC has started to distribute property tax bills for this fiscal, property tax [...] Continue Reading »
From the last seven years, sewage has been pouring into Gorewada lake which supplies water to 70 per cent areas of the city, yet, the Nagpur Municipal Corporation (NMC) has been completely unaware of it. The NMC officials decided to take action against this only after several complaints by the BJP corporator from Dhaba, Jagdish Gwalbanshi. [...] Continue Reading »
Nagpur Municipal Corporation, which has been facing severe fund crisis, can breathe a sigh of relief as this year’s revenue collection so far has increased significantly compared to the previous year. The NMC generated revenue of Rs 220.81 crore in the first four months (April-July) of 2012-13, registering a significant increase against the corresponding period [...] Continue Reading »
Slum Rehabilitation Authority (SRA), Nagpur, is forced to scrap many schemes designed to offer for slum-dwellers. The reason being lack of demand as most of the target population has not shown any interest so far in most of the projects. The major problem seems to be the size of flats being built under SRA, which [...] Continue Reading »
As real estate sector in India faces a dip, domestic lenders with major retail loan are keeping an intense look at the situation. While the hub of realty sector, Mumbai, is going through a slump, the lenders are concentrating on the new emerging markets – Pune, Bhopal, Indore, Surat, Nagpur and Ahmedabad. LIC Housing Finance, [...] Continue Reading »
As for the quarter ended June 30, 2012, Mahindra Lifespace Developers Ltd (MLDL) has posted a 72 per cent rise in net profit. The strong position of the company is reflected in its operating expansion as it has launched the second phase of its project at Nagpur. Also, during the quarter, it has acquired two [...] Continue Reading »
In a noteworthy step taken up by the Nagpur Municipal Corporation (NMC), a special drive held for two days at all ten zone offices saw settling of 800 pending cases. The property owners’ applications were stuck for over a year even after they had submitted all the required documents. Most of the cases involve issuing [...] Continue Reading »
Tata Group, which is currently building a shopping mall in Amritsar, plans to take its Trillium mall brand nationwide in order to outfit in the country’s beneficial modern retail sector. The 700,000 sq ft mall will be ready by the end of this year or by early next year. The company has three more malls [...] Continue Reading »
Nagpur Municipal Corporation (NMC) has decided to settle all the pending cases of property mutation of last ten years by organizing a special camp. As of now, there has been many complaints received for property mutation and no action has been taken. Additional deputy municipal commissioner has stated that special camps will be set at all [...] Continue Reading »
About ten new township projects have been launched by Sahara India in Tier-2 and 3 cities in the country. These projects cover around 900 acres out of its 27000 acres spread across the country. The group has also launched an affordable housing project in the name of Sahara Swapna City which will be built in [...] Continue Reading »
