Bengaluru Slum Clearance Spurs Surge in Property Tax Proposal
Real Estate

Bengaluru Slum Clearance Spurs Surge in Property Tax Proposal

In a bid to revamp urban spaces, Bengaluru is witnessing a notable clearance of slum areas, triggering a proposal for a substantial surge in property taxes. This move aligns with the city's efforts to enhance its infrastructure and reshape the urban landscape. The proposed surge in property taxes comes as a financial strategy to support the ambitious urban development projects. This transformative initiative aims to address housing challenges and upgrade the overall living conditions in the city. Residents and stakeholders are engaging in discussions about the potential impact of this tax adjustment on the real estate market and the socio-economic fabric of Bengaluru.

In a bid to revamp urban spaces, Bengaluru is witnessing a notable clearance of slum areas, triggering a proposal for a substantial surge in property taxes. This move aligns with the city's efforts to enhance its infrastructure and reshape the urban landscape. The proposed surge in property taxes comes as a financial strategy to support the ambitious urban development projects. This transformative initiative aims to address housing challenges and upgrade the overall living conditions in the city. Residents and stakeholders are engaging in discussions about the potential impact of this tax adjustment on the real estate market and the socio-economic fabric of Bengaluru.

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Centre Plans Easier Green Clearances for New Airports

The central government is preparing to streamline environmental clearance procedures for airport projects to accelerate infrastructure development across the country. According to officials, the Ministry of Civil Aviation (MoCA) is working with the Ministry of Environment, Forest and Climate Change (MoEFCC) to establish a single-window mechanism for faster approval of greenfield and brownfield airports. The proposal seeks to reduce the time required for obtaining environmental clearance by simplifying inter-ministerial coordination and standardising assessment parameters. The move is part of ..

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Building Material

Beer Makers Urge Import Relaxation Amid Aluminium Can Shortage

India’s domestic beer manufacturers have urged the government to relax import rules and cut duties on aluminium cans as the industry faces a severe shortage of packaging material. The shortage, driven by rising demand and limited local supply, has disrupted production schedules for several breweries. Industry representatives have written to the Ministry of Commerce and the Ministry of Finance, seeking temporary relief through faster import approvals and reduced customs duties. They warn that the situation could impact the availability of beer across key markets during the festive season. A..

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Building Material

India Surpasses Japan as World’s Third-Largest Auto Market

India has overtaken Japan to become the world’s third-largest automobile market, marking a major milestone for the country’s manufacturing and mobility sector. Union Minister for Road Transport and Highways, Nitin Gadkari, credited the achievement to India’s growing production capacity, rising domestic demand, and sustained policy support for localisation and innovation. The country’s vehicle sales and manufacturing output have surged in recent years, positioning it just behind China and the United States. According to industry estimates, India’s automobile sector supports over 3..

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