08 Sep 2023

The Hubballi-Dharwad Municipal Corporation (HDMC) is taking a proactive approach to enhance revenue collection by establishing a dedicated task force and implementing a Geographic Information System (GIS) survey. This initiative aims to identify untaxed properties and bridge the gap between actual revenue and the projected budget. The decision was made during a recent general body meeting, where concerns were raised about the municipality's revenue generation efforts. The formation of a specialized task force, the auctioning of leased properties, and the use of private agencies for the GIS survey are among the strategies to bolster revenue. The HDMC is committed to optimizing resource mobilization.Read more

08 Sep 2023

Hyderabad's rental market has experienced a significant increase in rent prices in the first half of 2023, driven by a growing demand for residences near workplaces as businesses return to regular operations. Employees are seeking housing options close to their offices, particularly around tech parks and commercial areas. This shift has created a competitive housing market with a supply-demand imbalance, prompting landlords to raise rents by over 20%. About two-thirds of tenants in Hyderabad have expanded their rental budgets to adapt to the changing real estate landscape, with many desiring more spacious living arrangements. Additionally, the demand for standalone buildings has increased due to the shortage of gated communities.Read more

08 Sep 2023

Amidst unprecedented environmental challenges during this year's monsoon season, Himachal Pradesh has imposed a two-week ban on hill cutting and halted fresh construction permits, except for disaster-related rebuilding. The decision, in effect until September 16, comes as the state grapples with catastrophic landslides, erosion, and significant loss of life and property. The government's priority is safeguarding human lives, infrastructure, and the fragile ecological balance. With over 250 lives lost and massive economic losses, this move underscores Himachal Pradesh's commitment to environmental preservation and safety in the face of ongoing environmental crises.Read more

08 Sep 2023

Bombay Dyeing, a prominent Indian textile company, is reportedly in talks to sell around 18 acres of its mill land in the prestigious Pandurang Budhkar Marg area in Worli, Mumbai, to the Japanese conglomerate Sumitomo for an estimated sum of approximately Rs. 5,000 crore. This potential transaction follows a recent public notice, issued by the law firm Wadia Ghandy on behalf of an undisclosed client, expressing interest in exploring the legal rights, ownership, and interests associated with a large land parcel owned by Bombay Dyeing and Manufacturing Co Limited. If realized, this deal could mark a significant entry or expansion into Mumbai's real estate market by Sumitomo.Read more

07 Sep 2023

Mangal Prabhat Lodha, the guardian minister of Mumbai's suburbs, has unveiled an ambitious plan to transform Gilbert Hill in Andheri (West) into a tourist attraction comparable to Dubai's Burj Khalifa. This geological marvel, made of black basalt rock, has faced issues like landslides and slum encroachments. Lodha's plan involves making Gilbert Hill a prominent tourist destination, drawing inspiration from the iconic Burj Khalifa. The proposal includes an elevator for easier access to the hill's temple, among other enhancements. This transformation aims to boost Mumbai's tourism sector and provide a unique attraction for both locals and visitors.Read more

06 Sep 2023

Mindspace Business Parks REIT has launched a cutting-edge Bio-Sonification Zone at its Airoli West campus. Employees can now unwind to calming soundscapes generated from the rhythms of 15 diverse plant species. This innovation, a part of Mindspace's commitment to sustainable ecosystems, not only offers a unique relaxation method but has also shown to stabilize listeners' blood pressure levels. This meld of nature, technology, and well-being redefines workplace relaxation paradigms.Read more

06 Sep 2023

The revenue department in Delhi has initiated a pilot project for digital property registration and lease agreements. The National Generic Document Registration System (NGDRS) allows users to complete initial registration steps online, reducing the need for in-person visits. The system is currently operational at two sub-registrar offices and will expand to 20 more across the city. Help desks and tutorial videos are available to assist applicants, and public feedback will be collected to improve the system. Additionally, efforts are underway to digitize old documents and integrate data on prohibited properties for verification. The NGDRS aims to enhance efficiency, transparency, and citizen convenience in property-related procedures.Read more

06 Sep 2023

In a bid to counter monsoon waterlogging, Trichy's Corporation Council proposes filling vacant sites and low-lying areas with construction debris. Mayor Mu Anbalagan called on councillors to identify such plots in their wards, with a focus on eco-friendly waste material utilisation. Initiatives also include accelerated desilting of major drains and timely road work completion under the Tamil Nadu Urban Road Infrastructure Fund (TURIF) before monsoon onset. The Council's integrated approach aims for a safer rainy season for residents.Read more

06 Sep 2023

A SIT in Dehradun has exposed a complex 'white-collar syndicate' involving lawyers, government officials, and property dealers engaged in fraudulent property registrations. The estimated value of the properties involved in this fake registry scandal stands at Rs 400 crore, with the potential for even more extensive ramifications. The scam, which surfaced after a surprise visit by the Chief Minister to the registrar's office, revealed multiple forgeries in documents. The SIT is diligently investigating and has made several arrests, intending to prosecute the accused under the Gangster Act due to their organized operations. They are also examining links to past thefts of crucial land records.Read more

06 Sep 2023

The Maharashtra Real Estate Regulatory Authority (MahaRERA) is set to introduce a pioneering grading system for real estate projects in India. Developers will receive grades based on technical, legal, financial, and general project features, offering buyers a transparent way to compare projects and make informed investments. This initiative, mandated by the Bombay High Court, aims to minimize buyer risk and enhance accountability. MahaRERA has been proactive in implementing the RERA Act 2016, including launching a counseling center, using QR codes for transparency, certifying real estate agents, and more. This innovative grading system underscores MahaRERA's commitment to enhancing the real estate sector's transparency and accountability.Read more