Latest Realty News

ICICI Prudential Asset Management Company's real estate fund raises Rs 600 crore
Dec 24, 2014
MUMBAI: ICICI Prudential Asset Management Company has raised over Rs 600 crore through its real estate fund
AMC's tax recovery touches Rs 90 crore mark
Apr 02, 2014
AURANGABAD: The Aurangabad Municipal Corporation (AMC) on Monday concluded its tax recovery drive after collecting close to Rs 90 crore on account of property tax and water charges for the 2013-14 financial year.
Civic body to auction 28 blocks in APMC market
Mar 31, 2014
AURANGABAD: The Aurangabad Municipal Corporation (AMC) on Sunday initiated the auction process of 28 blocks belonging to shop owners in the Agriculture Produce Marketing Committee (APMC) complex at Jadhavwadi market after they failed to pay property tax.
Routine civic work hit by poll duties tax recovery disturb AMC's routine work
Mar 24, 2014
AURANGABAD: The civic body's routine work has literally come to a standstill for the past few days with most of its officers and employees engaged in election duties.
Civic body demolishes illegal structures, fines owners
Feb 27, 2014
AHMEDABAD: The estate and encroachment department demolished illegal construction spread over 2,200 sq ft area in shed No 38 in Bhavani estate near Revabhai estate in Amraiwadi extension in Inderpuri ward on Tuesday. The industrial complex under construction was pulled down by the south zone team of the AMC after it was found being erected without proper permissions. Illegal industrial construction was being carried out on the space meant for residential purpose. The AMC is demolishing all the c
Uproar over property tax hike plan
Feb 24, 2014
AURANGABAD: The civic body's proposal to hike property tax by 21.5% might run into rough weather with many corporators gearing up to oppose the plan at Monday's standing committee meeting.
Rs 55.22 lakh fines on builders
Feb 20, 2014
AHMEDABAD: The estate department of AMC has issued notices in 34 cases and slapped fine to the tune of Rs 55,20,000 to builders and developers for violating various norms in their projects.
LIG housing project draws controversy
Jan 27, 2014
AHMEDABAD: The recent construction work allotment of multi-crore LIG housing project of the Ahmedabad Municipal Coprortaion (AMC) led to a controversy on Wednesday. The leader of opposition in the corporation accused the standing committee of helping contractors form a ring to get a large chunk of the Rs 759-crore project. The AMC would construct more than 4,500 houses for the lower income group under the scheme.
Property tax hike feared
Jan 09, 2014
AHMEDABAD: The municipal budget for 2014-15 will just cross the Rs 6,000-crore mark this year, said some senior AMC officials. With no new JNNURM project approvals and the nearly empty coffers of the once cash rich AMC, the civic body would be forced to tighten its purse strings this year.
AMC wants registration of builders
Dec 04, 2013
AHMEDABAD: Just like architects, engineers and structural designers have to be registered with the Ahmedabad Municipal Corporation (AMC), the civic body has demanded the same for real estate developers.
AMC plans to build 10,000 additional houses
Sep 03, 2013
AHMADABAD: Urban local bodies across the state are now demanding faster turn-key systems and construction technologies to deliver affordable houses in bulk and in a time-bound manner over the next five years. A seminar on ‘New Construction technology for affodacle housing‘ was organized at the Ahmedabad Management Association (AMA). The seminar was hosted by Ahmedabad Municipal Corporation (AMC).
HDFC AMC to sell stake in Nitesh Housing to promoter
Jul 11, 2013
BANGALORE: HDFC Asset Management Company, the portfolio manager of HDFC Mutual Fund, has decided to sell its entire stake in Nitesh Housing Developers, a subsidiary of Bangalore-based Nitesh Estates.
Bhubaneswar Municipal Corporation officials to learn from Gujarat model
Aug 07, 2012
BHUBANESWAR: The Bhubaneswar Municipal Corporation (BMC) would send a 10-member delegation of corporators to Gujarat on August 16 to help them learn the civic delivery system of Ahmedabad Municipal Corporation (AMC). It followed the invitation by AMC commissioner and senior Odia IAS officer of Gujarat cadre Guruprasad Mohapatra, who presented an audio-visual demonstration of AMC works here on Mon

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