#RealtyNewsRoundup: Bengaluru Civic Body To Use Drones To Map Property & Taxes

Realty News Roundup is PropGuide's selection of top stories from the real estate sector.

The Bruhat Bengaluru Mahanagar Palike is planning to use unmanned aerial systems, popularly known as drones to map urban properties and property taxes. The civic body believes property tax collections will improve with the help of drones, an idea which was mooted by the Urban Development Department and the Karnataka Knowledge Commission. Read more

Indian Hotels Company, which runs the Taj Group of Hotels, has announced that the company is planning to sell Taj Boston Hotel for a base price of Rs 836.09 crore. Indian Hotels said in a BSE filing that the wholly-owned subsidiary United Overseas Holding's (UOH) was planning to pursue the option of divestment of the Taj Boston Hotels by either sale or disposal of the LLC interests in IHMS (Boston) LLC. Read more

According to a real estate advisory, Navi Mumbai is emerging as the preferred destination for home buyers in the Mumbai Metropolitan Region (MMR). The advisory said that over 16,000 housing units that cover over 21 million square feet area, had been sold in the past two years in Navi Mumbai. Read more

Capacite Infraprojects Pvt Ltd has been awarded the contract to redevelop the Rs 4,000-crore Bhendi Bazaar project. In total, 3,200 residential tenant and 1,250 commercial units have to be rehabilitated under the project. Read more