Shimla property tax to increase by 4% annually, starting this year
Development Plan 2041: Satellite towns proposed for Shimla
To move the urbanisation load from Shimla, a counter magnet town near the airport has been offered in the ‘Development Plan 2041’, to accommodate about one lakh future population.
Satellite towns in Ghandal, Naldhera, Fagu and Chamiyana to accommodate 5,000-10,000 have also been offered. The transit-oriented development offer of bypass road and its integration with current and new development — counter magnet town and satellite towns — are additionally on the cards. The Draft Development Plan is proposed for the Shimla planning area, comprising Shimla Municipal Corpo..Shimla proposes monorail to benefit tourism
Under the ‘Smart City Mission’, the Shimla Municipal Corporation will propose setting up a monorail service to attract more tourists, benefit local commuters, and increase the corporation’s income. Mayor Satya Kaundal announced this during the annual budget meeting of the corporation.
Shimla Deputy Mayor Shalinder Chauhan said, “It’s so far only an idea and we’re yet to work out the proposal. We will first invite some companies to conduct feasibility studies and then hopefull..
Q4 profit: Keystone Realtors' profit falls 60%
A 60 % fall was seen in realty firm Keystone Realtors Ltd net profit to Rs 0.3 billion for the March quarter. Last year in the same period. The company?s net profit stood at Rs 0.76 billion.
In addition, total spending increased to Rs 7.81 billion from January to March of the previous fiscal year from Rs 2.71 billion the previous year. In the fourth quarter of the most recent fiscal year, total income increased to Rs 8.26 billion from Rs 3.57 billion during the same period the previous year.
The company's net profit increased to Rs 1.12 billion in the 2023?24 fiscal year from Rs..