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KMDA chairman quota for flats abolished

Kolkata After abolishing the Housing and Infrastructure Development Corporation (Hidco)’s chairman quota for allotment of plots and flats, chief minister Mamata Banerjee on Tuesday treaded the same path for Kolkata Metropolitan Development Authority (KMDA)...

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Realty worst hit in the stock market crash

It may look a little strange, but the worst hit in the Indian stock market collapse on Monday — following S&P’s downgrade of US’s credit rating — was the real estate sector. The BSE real estate index dropped 4.46% on Monday, the highest amongst all indices....

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GMC proposes new property tax formula

Ahmedabad The state’s latest municipal corporation has introduced its new property tax formula and weightage for different properties. The proposal would be placed before the general board of the Gandhinagar Municipal Corporation (GMC) for final consent....

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Noida farmers lead march for more relief

Over 250 farmers from about 17 villages in Noida hit the streets demanding developed plots and higher compensation from the Noida Authority on Tuesday. The farmers, who joined the protests under the banner of Kisan Bachao Sangharsh Samiti (KBSS), started...

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10% Drop in Sobha Developers Q1 Profit

A significant increase in provision for income tax has led to a 10 per cent dip in net profits for Bangalore-based real estate company Sobha Developers, to Rs 30.9 crore during the first quarter of this fiscal. Last year, the company recorded Rs 34.3...

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