CITIES

Prices of premium residential under-construction properties continue to rise in top cities

According to Savills India, prices of premium under-construction residential properties surged up to 53% in major cities like Gurugram, Delhi, Noida, Bengaluru, and Mumbai. Gurugram led with the highest increase. North Goa also saw a 28% rise in villa prices, driven by remote work trends and high rental yields.

Will build film city in Mysuru, says Karnataka CM Siddaramaiah

Karnataka Chief Minister Siddaramaiah announced plans to build a film city in Mysuru, offering 100 acres of land for the project and emphasising a public-private partnership approach. He also pledged steps towards establishing a Kannada OTT platform, fulfilling a long-held dream of Kannada film legend Dr. Rajkumar. Siddaramaiah criticised the previous BJP government for inaction on the film city initiative and vowed to address the OTT platform issue.

IBM, Gujarat govt ink pact to establish AI cluster at GIFT City

Under this partnership, IBM will provide software technologies and platforms over a cloud environment enabling financial institutions to customise and fine-tune large language AI models in a sandbox environment. IBM will also aim to build a digital assistant-based solution that facilitates the onboarding and integration of these customised large language models for financial institutions.

UP govt says Noida Film City project to create 50,000 jobs, benefit 5-7 lakh people indirectly

YEIDA chief executive officer Arun Vir Singh said the constitution of a film city alongside the upcoming airport in Jewar was Adityanath' vision, which is now set to become a reality. "Construction of the Film City is scheduled to begin within the next four to six months, with film-related activities expected to commence within three years," Singh said.

Few cities have effective heat action plans: Report

Cities lack heatwave preparedness, with limited resources allocated to mitigate extreme heat impact. Recommendations include redefining heat waves based on 'feels like' temperature and setting new warm night thresholds. Implementing local thresholds for early warning systems, considering factors like the urban heat island effect, is crucial to combat escalating heatwave challenges and prevent heat-related deaths.

Yamuna authority signs concession agreement for Film City project near Jewar airport in Noida

The Film City project in Noida, developed through strategic partnerships and industry collaborations, aims to create a vibrant hub for entertainment and business. With designated zones for various activities, including an amusement park and commercial use, the project signifies a significant step towards enhancing the region's media infrastructure and economic growth.

In 2020, only 4% could not access an urban centre in India, reveals study

In 2020, only four per cent of India's population lacked access to an urban centre, according to a study published in the journal Nature Cities. The research, led by the Food and Agriculture Organization (FAO) of the United Nations, Italy, examined over 30,000 urban centres globally. The study highlighted that three per cent of India's population could only reach towns within an hour of travel.

Consumer spending peaks in non-metro Indian cities: Visa

Visa, a global digital payments provider, revealed on Thursday that non-metro cities in India such as Dharamshala, Mullanpur, and Vishakapatnam are emerging as the biggest daily spenders. This insight comes from Visa Consulting and Analytics' consumer spending trends for the 2024 summer cricket season. Notably, there has been an overall increase in online transactions across all segments, with food and grocery delivery apps showing a 23% surge in usage.

Vienna tops the list of 10 best cities to live in the world, Pakistan’s Karachi features in the bottom 10

The Economist Intelligence Unit (EIU) annually releases its Global Liveability Index, ranking cities based on stability, healthcare, culture and environment, education, and infrastructure. In the 2024 report, Vienna, Austria, remains the top city for the third consecutive year, praised for its cultural vibrancy and exceptional public services. However, cities like Karachi, Pakistan, and Dhaka, Bangladesh, are among the least livable, ranking in the bottom ten.

World's top 10 most liveable cities & what makes them special

The assessment evaluates 173 cities worldwide using 30 indicators across five categories: stability, healthcare, culture and environment, education, and infrastructure, aiming to gauge their overall livability. This year's report highlights a positive trend, largely due to notable advancements in healthcare and education in developing countries. However, these improvements are somewhat tempered by decreasing scores observed in several leading cities.

Why is Singapore the world’s most expensive city?

A report by a Swiss bank has noted that Singapore is the world’s most expensive city. Hong Kong, London, Shanghai and Monaco are some of the other cities in the ranking.

Budget 2024 HRA Exemption: Will Bengaluru, Hyderabad, other non-metro cities be included in 50% HRA tax exemption list?

Budget 2024 HRA Exemption: Many employers offer an HRA as part of their employees' compensation. If an employee receiving HRA is paying rent for their accommodation, they can claim a tax exemption on the HRA. Currently, a rented house in Delhi, Mumbai, Kolkata, and Chennai qualifies for a 50% exemption from HRA, while those located in other places come under the 40% bracket.

Celebrations erupt in Afghan cities after World Cup heroics

The Afghanistan Cricket Team's journey to the World Cup semi-finals brought immense joy to the nation, uniting fans in celebration and hope for future success against South Africa.

Stock Radar: 20% rally in 3 months! City Union Bank hits fresh 52-week high in June; time to buy or book profits?

City Union Bank (CUB) has surged over 20% in 3 months, supported by technical indicators like RSI and MACD. Analyst Shilpa Rout sees a short-covering rally potential above 170 levels with 150 as a key support.

Kozhikode is India's first UNESCO 'City of Literature': What does it mean? Why Kozhikode?

Kozhikode in north Kerala, known for its rich cultural heritage, was on Sunday officially declared as India's first UNESCO 'City of Literature'. In October 2023, Kozhikode had earned a place in the 'Literature' category of the UNESCO Creative Cities Network (UCCN).

World’s “Impossibly unaffordable” cities ranking: Five cities in the US

In a report released by a university in California which ranked cities based on their unaffordable real estate, five cities from the US are in the top 10 list. Four of these cities are from the state of California.

Uttar Pradesh: ED files second prosecution complaint in Shine City fraud case

The ED has now filed a prosecution complaint against Asif Naseem, Rashid Naseem, Amitabh Kumar Srivastava, Meera Srivastava and 11 Shine City Group companies. The court took cognizance of the prosecution complaint on June 10.

Is Llandudno the safest city in Britain? What makes it so special?

Llandudno is considered to the safest town in Britain. This sea side town is known for its Victorian architecture and is known to be a laid back town.

Water crisis: AAP-BJP blame game rages on, city reels under shortage amid severe heat

AAP and BJP intensify politics over Delhi water shortage crisis, with AAP accusing BJP of deliberately creating the situation to trouble people amid severe water crisis in the national capital.

Former minister Senthil Balaji's custody extended till June 19

Former Tamil Nadu minister V Senthil Balaji has been extended his remand until June 19 in a money laundering case. The Sessions Judge, S Alli, will pass orders on Balaji's petition to discharge him from the case. Balaji has filed three other petitions, including a request for the original counter foils/challans used for deposits in his and his wife's accounts and a direction to City Union Bank, Karur to provide a list of bank employees from 2012 to 2022.

Media baron Ramoji Rao begins his final journey; Chandrababu Naidu joins last rites

Team ownership rules complicate a football star’s move

Red Bull, the energy drink maker, pioneered the model. Manchester City, the English champion financed by the wealth of the United Arab Emirates, supersized it through its City Football Group. Jim Ratcliffe, the chair of the chemicals giant INEOS, brought it to Manchester United when he acquired a major stake in the club last year.

BJP hits out at Congress govt in Karnataka, terms capital city 'Udta Bengaluru'

BJP criticizes Karnataka's Congress government for 'deteriorating law and order' in Bengaluru, dubbing it 'Udta Bengaluru' due to alleged rise in narcotics and rave parties.