Bangalore
The BBMP has finally decided to withdraw the three percent garbage cess on the property tax collected from bulk generators in the Palike council meeting. The cess had become a argument between the bulk generators and the civic agency. The high court questioned Palike about the logic behind imposing garbage cess when the bulk generators [...] Continue Reading »
The year 2012 was tough for the Indian real estate sector because of the economic condition and higher construction costs. But 2013 is expected to see an improvement in economic climate and the real estate sector. Anuj Puri, Chairman & Country Head, Jones Lang LaSalle India, a real estate consultancy, said that the Indian real [...] Continue Reading »
The BMTC has decided to have two remote CCTV cameras in all the buses for the security of women and to assure them a safe travel. This will also help to keep an eye on troublemakers. First 1,000 Bangalore Metropolitan Transport Corporation buses will be installed with the cameras and the rest 5,500 buses will [...] Continue Reading »
After the huge success of the development of luxury apartments in Burj Khalifa in Dubai, Italian fashion designer Giorgio Armani is eying Indian luxury real estate. Earlier, Armani had tied up with Lodha group, the Mumbai based real estate developer and now he is planning to collaborate with Noida based Supertech to build Armani Tower. The Armani [...] Continue Reading »
The Kanakapura road’s condition is deteriorating as well as the traffic gives the people in the area nightmares. Once a lush green area, Kanakapura has become a bustling commercial suburb after it became a part of the National Highway 209. The life of locals in this area and the commuters travelling on this road is [...] Continue Reading »
The residents of ‘O’ block in IBC Platinum City apartments claimed that they are not provided any facilities which were promised by the builders at the time of buying flats in Bangalore. The apartment is situated on HMT Link Road off Tumkur Road which has 616 flats with commercial complexes and a huge swimming pool. [...] Continue Reading »
According to a report by Karun Varma, managing director, Bangalore & Kochi, Jones Lang LaSalle India, stated that residential real estate in North Bangalore is going to boom in 2013. North and East Bangalore is close to international airport, the increasing number of IT projects will bring sharp focus in this area. Projects which are [...] Continue Reading »
Good news for the commuters and motorists who travel from Rajajinagar,Vijayanagar and Basaveshwaranagar. The civic body is going to begin the work of Okalipuram eight lane project which was initiated in November 2008 by urban development minister S Suresh Kumar. After four years, Bruhat Bangalore Mahanagara Palike (BBMP) has given the contract to Simplex Infrastructure and Jagadish [...] Continue Reading »
A large number of home buyers in India are awaiting reduction in property prices to get the best real estate deals. In order to reduce the prices, the Finance Minister P. Chidambaram recently directed all government-owned banks to force real estate developers to lower the prices, which in-turn is expected to beat the economic slowdown. [...] Continue Reading »
Bangalore – Bangalore has recorded the highest mall supply in India in 2012, according to reports by commercial property consultants & real estate services, Cushman & Wakefield. Vittal Mallya Road which witnessed 58 percent appreciation in rental values and touched Rs 325 per sq ft is in the lead followed by Colaba Causeway in south [...] Continue Reading »
