Ahmedabad
In a recent report, Jones Lang LaSalle India (JLL) suggested that as compared to some major cities like Mumbai, NCR, Bangalore, Pune and Chennai, cities like Ahmedabad and Kolkata have an advantage due to high proximity of affordable housing projects to city center. At 15-20 km Ahmedabad and Kolkata offer the closest proximity to central [...] Continue Reading »
Though hotel business may have been witnessing a slow growth in the recent years, the InterContinental Hotels group is buoyant about the long-term demand in the country and is planning to develop 47 hotels within next five years. Chris Moloney, chief operating officer, South West Asia, IHG told at the moment the hotel chain is [...] Continue Reading »
Ahmedabad may have been one of the fastest growing cities in the country but it has topped the list in terms of vacant space in shopping malls. According to a retail market report released by real-estate consultants Cushman & Wakefield, between April and June 2012, the overall mall vacancy in the city stood at 34 [...] Continue Reading »
PricewaterhouseCoopers, a global professional services firm, inaugurated its new office in Chennai, on Tuesday, to provide advisory, tax and regulatory services. The company has increased its employee base by 24 per cent at the Chennai Centre to meet the growing demand for various sectors. PwC has its existence in major cities of India like Ahmedabad, [...] Continue Reading »
The office space absorption in Hyderabad grew 5 % while overall office space absorption across top eight cities of the country plummeted 21% to 13.4 million sft as compared to 16.9 million sft in the first half of 2011, according to a study by global real estate consultancy firm Cushman & Wakefield. This steep drop in office [...] Continue Reading »
Realtors of Ahmedabad have planned to conduct property shows for Non-Resident Gujaratis (NRGs) in North America and Australia. Meanwhile, they intend to gain benefit of the appreciation of dollar value. The conference, ‘Chaalo Gujarat’, will be held from August 31 to September 2 at New Jersey. The Gujarat chapter of Confederation of Real Estate Developers [...] Continue Reading »
The state authority has issued notices to renew licenses of lifts and elevators, to many residential and commercial buildings in Ahmedabad and other cities of Gujarat. It is mandatory that lifts need to be licensed and be renewed regularly. Using lifts that are older and which are not in proper condition is dangerous. An incident [...] Continue Reading »
Garbage trucks of Ahmedabad Municipal Corporation (AMD) were attacked by some people living near Bandhan party plot on SG Highway, on Sunday evening. Angry residents threw stones at garbage trucks as they were unhappy with the allotment of space in the area for garbage dumping. The local people had been protesting for long against the [...] Continue Reading »
Ampulus Capital Advisors, a fund management company formed by the promoters of the Ahmedabad-based Arvind Group, has floated a realty fund with a target of raising Rs 200 crore. The fund mainly focuses on investing in Gujarat real estate projects. The firm has already raised Rs 100 crore and it hopes to distribute the fund [...] Continue Reading »
The fifth phase of Godrej Garden City (GGC) township is coming up in Ahmedabad by Godrej Properties Ltd (GPL), the real estate branch of Godrej group. It will be spread across 1.8 million sq ft of land having 1,200 to 1,500 units and planning of the sub phases of the project is still on as [...] Continue Reading »
