Bangalore
The metro project is running behind the schedule by almost 2 years. However, the 42.3 kilometers long Phase-1 of Namma Metro should be ready by the mid of 2014. The Bangalore metro project got all the necessary approvals from the Commissioner of Metro Rail Safety and it will pass over the Indian Railway Bridge. The design also [...] Continue Reading »
Real estate developers face many challenges to get approvals from the authority which in turn lead to delay in construction work and possession. The government is planning to set up fast track approvals for real estate projects where they will post all the approved projects online to minimize delay in possession. It will be easy for consumers [...] Continue Reading »
The reason why there is a growth in the demand in the up market real estate space of Koramangala is the rising number of people choosing Bangalore as their preferred destination to work. According to a survey done by a consultancy firm, Bangalore has become one of the best cities for people to live in. [...] Continue Reading »
A recent survey revealed that there was a 20 percent hike in the rentals for Bangalore when compared the rents of a 3BHK residential apartment in the third quarter of last year (Jun-Jul-Aug ’12) over the third quarter of 2010 (Jun-Jul-Aug ’10). A real estate expert commented that, the rental values in localities such as Electronics [...] Continue Reading »
The Urban Property Ownership Records (UPOR) project is stabilising in the four cities of Mysore, Shimoga, Hubli-Dharwad and Mangalore. The plan is to electronically link the offices of the sub-registrars, corporations and municipalities, courts, and the Department of Survey, Settlement and Land Records (SSLR). Once the project is over, detailed record of the properties can [...] Continue Reading »
Justice and Acting Chief Justice of High Court of Karnataka said that lack of logic in land laws is encouraging land mafia, mainly in urban areas. The existing Land Acquisition Act is the biggest enemy of the common man which has only encouraged land mafia through legislation. High Court Justice said that laws related to [...] Continue Reading »
2012 was a challenging year for both the home buyers and developers. Certain issues which the real estate market has witnessed in 2012 may continue this year because Delhi-NCR and Mumbai Metropolitan Region are struggling with less property sales due to unaffordable property prices. He added that the new rules for classification of restructured loans have led [...] Continue Reading »
In the past few months, Begur Road in Bangalore has witnessed a substantial growth in the real estate prices. The area is fast growing to be a hot property destination for the IT crowd. The average price recorded in the area was Rs 2,942 per sq ft, an impressive increase of 21 percent since the [...] Continue Reading »
Bruhat Bengaluru Mahanagara Palike (BBMP) has cancelled partial occupancy certificates for few blocks in IBC Knowledge Park on Bannerghatta Road. According to BBMP’s notice which was issued in December last week, Block C and Block D of the Knowledge Park did not comply with the building guidelines by IBC group developer. The partial occupancy certificate [...] Continue Reading »
Bangalore- The Bangalore Development Authority (BDA) is soon planning to build towers on important entry points within the authority limits on the boundary of the city. Founder of Bangalore city, Kempegowda had constructed four such towers which marks the boundary of the city. If everything goes according to the plan, people entering Bangalore city will be welcomed by splendid [...] Continue Reading »
