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Karnataka govt plans to build flats for displaced families of demolition drive in Bengaluru

BENGALURU: Here’s good news for those who lost their dream homes during the recent encroachment clearance drive in Bengaluru. The Karnataka government proposes to build apartments for those who have been displaced and those who will have to relocate after the demolition drive ends on rajakaluves (storm water drain). Former Bengaluru district in-charge and transport …

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Builders: Demolitions singe Bengaluru’s image, rattle people

BENGALURU: The city’s builders came together with leading legal experts, architects and academics on Friday to challenge the manner in which civic authorities have gone about demolishing alleged illegal constructions over the past few weeks. The builders said the arbitrary methods have shaken the confidence of ordinary people and developers, adversely affecting the city’s image. …

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High-end apartment launches grow 5 times in Chennai this year, mid-level units see drop

CHENNAI: If you are looking for an apartment within Rs 25 lakh in Chennai, then this may not be the ideal time for house hunting. According to a report, more housing units opened up in the high-end segments than in any other category in Chennai and its suburbs, and no new affordable housing project was …

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Greater Hyderabad civic body may revise property tax rates

HYDERABAD: In what seems to be the final attempt to bail itself out of the ongoing fiscal deficit, the Greater Hyderabad Municipal Corporation (GHMC) is now mulling doing away with the property tax waiver and re-evaluating properties in the city to earn more revenues. The civic body’s finances have been on a steady decline after …

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Encroachment of Lakes and Riverbeds Caused Chennai Floods: Parliamentary Panel

New Delhi: A Parliament panel has listed encroachment of lakes and riverbeds as a major reason for the massive Chennai floods last year. The Parliamentary standing committee on home affairs in its report tabled in Parliament asked the state government to check the real estate mafia involved in illegal construction. During the course of its …

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