South Delhi corp seals over 50 commercial establishments

By Accommodation Times Bureau NEW DELHI On Friday South Delhi Municipal Corporation (SDMC) carried out a sealing drive in Kishangarh village. More than 50 commercial establishments, comprising 200 shops, offices, showrooms and hotels were sealed. The sealing drive has been initiated against these establishments for illegal use of DDA land for decades. South

Over 1.4 lakh buildings in newly 11 merged villages in Pune to pay property tax

By Accommodation Times Bureau PUNE Newly 11 merged villages which have over 1.42 lakh properties, including commercial and residential buildings, will now pay property tax from this April to Pune Municipal Corporation (PMC). The standing committee approved to impose property tax in the outskirts areas on Thursday. The property owners are liable for

PMC: Pune civic body to seal belongings of property tax defaulters

By Accommodation Times Bureau PUNE The Civic body of Pune has directed the owners of commercial establishments having property tax dues to pay the arrears at the earliest, or else it would be sealed. In the past two weeks, the property tax department has sealed properties and collected Rs4.5 crore tax dues from establishments.

Commercial Realty looking up

Accommodation Times By Murari Chaturvedi, Editor-in-Chief According to realty market sources, Mumbai’s office market is expected to bounce back after four consecutive years of falling annual absorption. A total of 35.6 million of office space is expected to become operational in 2015. India needs 35 million square feet of office space every

The Best of Times for Commercial Property Investment

Accommodation Times News Services By Anuj Puri, Chairman & Country Head, JLL India In India, real estate has traditionally been considered a favourable investment option. However, over the last few years, the realty market's momentum has weakened significantly. In fact, it has even reversed in some parts of the country. Poor economic growth coupled

Commercial property market setback as IT sector goes down

By Accommodation Times Bureau The contemporary state of commercial property market is not well, it is going through bad times. As across the country seven largest cities dropping 12% quarter-on-quarter in the January-March 2012 period due to uncertain economic conditions coupled with the euro zone crisis. According to the market experts the