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New Delhi

NMC is confident to salvage 3 JNNURM projects

NMC is confident to salvage 3 JNNURM projects
Nagpur- Nagpur Municipal Corporation is very soon planning to save and approve at least 3 projects under the central government’s Jawaharlal Nehru National Urban Renewal Mission (JNNURM). The projects namely  sewage water treatment plant, Maskasath railway overbridge (ROB) and 24X7water supply project are of worth Rs 520 crore. Municipal commissioner Shyam Wardhane assured to complete all [...] Continue Reading »

Bangalore ranks first in India in quality of living

Bangalore ranks first in India in quality of living
Bangalore- In terms of quality of living, Bangalore tops all other cities in India, reveals a recent survey by global HR consultancy Mercer. According to Mercer’s 2012 Quality of Living Index, the Silicon City Bangalore being ranked at 139, leads among other prime cities of India including New Delhi (143), Mumbai (146), Chennai (150) and [...] Continue Reading »

South Delhi gets new road to Faridabad

South Delhi gets new road to Faridabad
New Delhi- Now commuters from South Delhi to Gurgaon and Faridabad need not fret about the traffic as the Delhi Government has decided to come up with a construction of a four-lane road stretching from Mehrauli-Gurgaon Road to Gurgaon-Faridabad road. This project is funded by the urban development ministry with Rs. 597- crore. The road will measure [...] Continue Reading »

SC alleges Sahara Realty for shady intentions

SC alleges Sahara Realty for shady intentions
New Delhi- The Sahara Group  real estate has been lashed by the Supreme Court for having shady intentions in terms of the money which had to be returned to the investors generated through debentures. A deadline of seven days has been given for them to repay their customers. According to the apex court bench of Chief Justice Altamas Kabir, Justice [...] Continue Reading »

Slower price appreciation in residential realty in 2012

Slower price appreciation in residential realty in 2012
New Delhi- The year 2012 unexpectedly saw a slower price appreciation in the residential sector of all the top seven cities in India. However, the average capital of the country was increased to only 1-3 percent. According to Jones Lang La Salle, the year 2012 was a sluggish year for the economic growth as there [...] Continue Reading »

DDA to act upon housing for poor

DDA to act upon housing for poor
New Delhi - The city of Delhi will no longer witness a shortage of houses for the poor and the downtrodden as the Delhi Development Authority (DDA) has decided to come up with about 14 lakh  houses in five new zones which will be known as urban extensions. The project will begin with a survey which will check the land [...] Continue Reading »

Simple steps help in securing area

Simple steps help in securing area
New Delhi- Most residents in the city feel that barricading entry and exit points of the localities along with well lit areas in a crowded market at dark will improve the safety and security. For e.g. Malviya Nagar is surrounded by a number of unauthorised colonies and urbanised villages, hence there are increased chances of people [...] Continue Reading »

Non payment of property tax will now be a social hazard

Non payment of property tax will now be a social hazard
New Delhi- The non payment of  property tax by the owners has led to various actions by the South Delhi Municipal Corporation. Last week, the SDMC resorted to drum beating in front of  the tax defaulter‘s houses to embarrass them by announcing their name in public. Drum beating tactic was carried out to embarrass people who hadn’t paid their [...] Continue Reading »

Bayer CropScience sells Maharashtra property for 1,250 crore

Bayer CropScience sells Maharashtra property for 1,250 crore
New Delhi- In a recent announcement  made by Agro-chemical firm,  Bayer CropScience said that they had sold their property for Rs. 1,250 crore to Agile Real Estate at Thane in Maharashtra. Both the firms had entered into an agreement in March 2011 regarding the sale of the land and the building. About 520 crore were given by Agile as [...] Continue Reading »

Lagging centre-funded urban plans in Delhi

Lagging centre-funded urban plans in Delhi
New Delhi- The CAG’s performance audit of JNNURM was tabled covering the mission period  of 2005-2011 on Thursday. A report based on the assessments which were conducted between April to November 2011 through test-check of records of ministries such as urban development, housing and urban poverty alleviation followed by various agencies of 25 states and five union territories was [...] Continue Reading »



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