GOA - Times of India
Mumbai: Property prices in Mumbai and Delhi NCR, among India's top realty markets, marginally rose in the third quarter of 2013 mainly due to lack of new launches and cautious sentiment in the sector, a survey said. Mumbai's property rates grew 3 per cent in July-September of 2013 compared to the April-June period, according to a survey by property portal 99acres On the other hand prices in Delhi NCR remained largely stagnant at the Q2 2013 levels, the survey said. However, on year-on-year basis, Mumbai and Delhi NCR saw an improvement of 13 per cent and 8 per respectively, compared to third quarter of 2012 rates, it said. The survey, which analysed property trends in seven top metros - NCR, Mumbai, Pune, Bangalore, Chennai, Hyderabad and Kolkata - pointed out there was no change in capital appreciation in the southern region markets. Kolkata, on the other hand, witnessed an increase of 4 per cent, the highest amongst all the seven cities. On year-on-year basis, the West Bengal capital witnessed a growth of 11 per cent. Mumbai continues to remain a slow market. Due to the perennial issues like lack of new launches and no price correction on the horizon, the market sentiment remains bleak. The NCR market is facing a decline due to interplay of multiple factors like cautious financial market sentiments and steep decline in fresh inventories, Business Head on Properties web portal said. The situation can only be ameliorated if there is a wave of new projects at attractive rates which will excite the buyers to move from their current wait and watch policy, he said. The southern region, comprising Bangalore, Chennai and Hyderabad, is following into the footsteps of north with quarter on quarter analysis depicting no change in the capital appreciation while Y-o-Y analysis showing an upward growth of 5 per cent, the survey said. On an average, rents across these seven cities remained more or less stagnant during the quarter as against Q2 this year, the survey found.
PUNE: There are around 32,000 residential and commercial properties unassesed for property tax in Pune and Pimpri Chinchwad, revealed two separate surveys conducted by the municipal corporations. Of the 32,000 properties, 10,000 are in Pune municipal limits, while the remaining is in Pimpri Chinchwad. So far, we have found around 10,000 properties, but we are expecting an addition of 5000 properties. All these properties come under the property tax net. The municipal corporation hopes to get an additional property tax of about Rs 10 crore per year from the 10,000 unassessed properties,'' said Hemant Nikam, head of the PMC property tax department. He added that most of these properties are from the fringe areas of the city.n. This Plan was the basis for formulation of the Kolkata Megacity Programme at a later date.
Greater Noida is a census town with a population of 100,000 in the Gautam Budh Nagar district of the northern Indian state of Uttar Pradesh. It comes under the purview of the National Capital Region (NCR) of India. Greater Noida is 48 km and one hour from New Delhi. Rama Raman is its present Chairman and Chief Executive Officer. Metro connectivity from New Delhi to Greater Noida is on top priority as per statement of Rama Raman. Looking into the dire need of improving the transport system of the city, the work will be started by May 2014. Greater Noida is a part of Noida; during the 1990s the Noida extension (now a part of Gautam Buddh Nagar) which is today known as Greater Noida. Greater Noida has left Gurgaon behind in growth when it comes to absorption or sale of residential units and project launches. Development is managed by the Greater Noida Industrial Development Authority (GNIDA). Greater Noida is connected to Agra by the six-lane Yamuna Expressway. The annual Indian Grand Prix is held at the Buddh International Circuit which has helped putting the city firmly on the global map. Greater Noida Cricket Stadium is an under-construction cricket stadium in Greater Noida, India. It is being built along with the Buddh International Circuit.