Bangalore
Bangalore- The high court will hear petitions filed by garbage contractors objecting the modern tenders and also the public interest litigation (PIL) producing problem about the city’s ruin wreck. The State Government and the BBMP are confused as they do not know what to do regarding garbage issue. The civic bodies are at the focal [...] Continue Reading »
According to Knight Frank report, the real estate sector will continue to remain a good investment destination with properties in several residential areas in selected cities likely to appreciate by 91-145 per cent over the next five years. High possible return on investments ranging between 18.6% and 29% per annum over the next five years [...] Continue Reading »
Luxury villa projects in the city are catching the attention of private-equity (PE) funds and non-banking financial institutions (NBFCs). The investors are also looking at exploring the option of backing luxury villa projects. Reliance Capital Ltd funded Rs.60 crore in an ongoing villa project of Skylark Mansion Pvt. Ltd in Whitefield, while Azure Capital Advisors [...] Continue Reading »
As an effect of slanting number of land availability in Bangalore, the rate of encroachment activities has augmented in various parts of the city. The Vibhutipura Lake near HAL airport is gradually diminishing due to mounting encroachment activities. A decade ago, the lake was full of clean water but in the last five years, as [...] Continue Reading »
Bangalore- An RTI activist’s queries revealed that Bangalore Development Authority (BDA) has to recover rental dues of over Rs 15 crore from the shops and office spaces it had leased out in its 15 shopping complexes in the city. Several media copies of documents obtained through RTI were released on Tuesday by the activist, BM [...] Continue Reading »
Assembly election is knocking the door and now BBMP has realised that they have to speed up the grand projects’ completion project. These projects include signal-free corridors, five grade separators, development of roads, lakes and construction of multi-storied parking facilities will be taken up. BBMP options to help broaden 11 tracks, which include several with [...] Continue Reading »
D Venkatesh Murthy, Mayor inaugurated a new waste segregation unit near Mathikere, in north-west Bangalore which can hold 4-5 tonnes of waste after segregation. The centre is built at a cost of Rs 65 lakh and to prevent spreading of foul smell in the neighbourhood. They have also constructed a compound wall surrounding it. BBMP is [...] Continue Reading »
Bangalore- Vijay Mallya’s investment holding company UB Holdings has got a jumbo offer by Private equity giant Blackstone, revealed sources. The PE firm has offered around Rs 560 crore to the company to buy out the prime office and retail real estate blocks in UB City, the biggest commercial property project in Bangalore. As an [...] Continue Reading »
Bangalore- Chetan Dave, head of IDFC Alternatives real estate investment team, has resigned from his post due to mismatch of interests between him and the rest of the management, as said by sources. Dave had joined IDFC Alternatives in June 2010. His position is expected to be taken up by Satish Mandhana, currently managing partner [...] Continue Reading »
According to research firm Liases Foras, the construction of nearly half of the 3,23,000 homes scheduled to be delivered in 2013 are lagging behind. At least a third of these will not be ready even before 2014. A survey by the company has revealed that three of every four homes to be delivered in 2014 [...] Continue Reading »
