Telangana CM's campaign to reclaim lake beds and water bodies from encroachers has been widely welcomed, but challenges remain
TelanganaHyderabadRevanth ReddyLake RestorationEncroachmentReal EstateAug 31, 2024
The main objective of the campaign is to reclaim lake beds and water bodies from encroachers and restore the lands of lakes, ponds, and other water bodies.
HYDRAA is the Hyderabad Disaster Response and Asset Protection Agency, which has been tasked with clearing encroachments and restoring lake beds and water bodies.
HYDRAA has demolished 166 structures and reclaimed 43.94 acres of water bodies across Hyderabad by August 24.
Sustainable lake restoration has several advantages, including regulating flood and storm water, mitigating urban flooding, ensuring recharge of groundwater, regulating the micro environment, minimising urban heat, and keeping the surroundings cool.
The government has said that educational institutions will be given time to complete the academic year before clearing the encroachments.
The Reserve Bank of India (RBI) has announced a reduction in the repo rate by 25 basis points to 6%. This move is expected to have significant implications for the real estate market, particularly in major cities like Mumbai and Delhi. Here’s what you need to know about the impact on property tax, property value, and the overall real estate sector.
Maharashtra government's interim budget for 2024-25 allocates ₹7425 crore for construction of 35 lakh affordable homes through various housing schemes, including Pradhan Mantri Awas Yojana (PMAY).
In a move to simplify tax calculations, the government has introduced an option for taxpayers to compute capital gains tax on real estate transactions. This change is expected to benefit property sellers and reduce disputes over tax liabilities.
Shah Rukh Khan, the megastar of Bollywood, has been appointed as the brand ambassador for Elan Group, a leading real estate developer in Gurgaon. This strategic move aims to enhance the group’s presence in the luxury home segment and attract a wider audie
Bharti Airtel has clarified that the discussions with the Tata Group for a potential DTH merger are still in the early stages. The telco has also announced a partnership with Ericsson for 5G core technology, marking a significant step in its technological
This week, the Indian startup ecosystem saw a flurry of funding and acquisition activities. Leading the pack was D2C skincare brand Deconstruct, followed by beer brand Medusa and home service marketplace Snabbit. Real estate documentation platforms also m