Revenue
During the first quarter of the current fiscal year, a 40 percent increase in revenue was reported by the stamps and registration department in the jurisdiction of Visakhapatnam urban district. According to the figures released by the stamps and registration department, the first-quarter revenue earned by the department increased from Rs 53.99 crore in the 2013 first-quarter to Rs 75.25 crore in [...] Continue Reading »
Due to recession in industrial and real estate sectors and decline in the LBT rates of some of the commodities the revenue of the Nashik Municipal Corporation (NMC) through the local body tax (LBT) has declined by 13.46% to Rs 601.88 crore in the current fiscal year as compared to the revenue collected during the [...] Continue Reading »
Reality major Unitech has signed a deal with Aricent and Fidelity to lease about one million square feet in Gurgaon Infospace Tikri special economic zone (SEZ). The deal is estimated to be worth between Rs. 1,000 crore and Rs. 1,100 crore. Three million sq ft of the total 3.3 million available space at the building [...] Continue Reading »
The Cochin International Airport Ltd (CIAL) has been focusing to collect revenue of Rs. 3,000 crore in the next 10 years. To achieve the targeted revenue, CIAL has to focus on three major areas. According to them, target should be achieved by better and outstanding services to passengers, diversification of business activities and achieving self-reliance [...] Continue Reading »
Bangalore- A renowned developer of Bangalore, Puravankara Group, is all set to launch a residential township in off Mysore Road, near the Bangalore-Mysore Infrastructure Corridor ring road junction. The township project, ‘Provident Sunworth’, spreading across 60 acres of land, has been planned to include a built up area of 6 million square feet. It will [...] Continue Reading »
According to Knight Frank report, there was a 4 percent year-on-year decline in the cumulative revenue of Rs 67.44 billion in India’s top 25real estate companies in the second quarter. As per the analysis done by the property consultant, there was an improvement in the sale on the residential sector. While the revenue of the top [...] Continue Reading »
Chandigarh- The famous Rock Garden is currently a true example of the false promises made by authorities to provide with best ambiance and facilities. Tourists are welcomed with piles of debris, animals faeces and garbage strewn all over the place, especially in the pathways. For enhancing the beauty of the garden , many interlinked waterfalls and [...] Continue Reading »
Bangalore- Rajesh Exports, one of the country’s top three gold jewellery exporters, seems to have initiated discussion with real estate developers. The jewellery exporter, with revenue of Rs 25,000 crore in 2011-12, is understood to have finalised a plan to leverage on its vast land bank, worth around Rs 2,000 crore. The exporter is presumed [...] Continue Reading »
The Pune Cantonment Board is clicking properties pictures to check if it is used for industrial or residential purpose. For the first time this is being done to maintain transparency in property tax and to make an assessment for 2011-2014 property tax. PCB started off with providing notices to 12, 000 property owners. The notices [...] Continue Reading »
Starwood Hotels & Resorts, the owner of luxury hospitality brands Westin, Le Meridien, St Regis and W is planning to construct a hotel in Mumbai. Negotiations are on and the group is planning to conclude at least one deal for a luxury hotel management in central Mumbai and one in south Mumbai within few months. [...] Continue Reading »
