Bangalore
In Bangalore, a new residential project – called ‘Samrudhi Rhythm’ – has been announced by real estate promoter Samrudhi Realty. The project is located strategically off Hennur road; and boasts convenient connectivity with all key destinations of the city. Aimed at mid-segment buyers, the Samrudhi Rhythm will offer a total of 200 apartments, which the [...] Continue Reading »
Six months after the cabinet-approved construction of five signal-free corridors to reduce Bangalore’s traffic problem, the projects have yet to be initiated. Lok Sabha elections had earlier stalled the projects, and now political apathy has prevented them from taking off. Tenders for two of the corridors – Dr. Raj Kumar Road and Old Airport Road, [...] Continue Reading »
An amount of Rs 400 crore will be raised by Ansal Properties and Infrastructure Ltd from Peninsula Brookfield Investment Managers, which is a joint venture company of Peninsula Land Ltd and Brookfield Asset management. The money will apparently be raised by Ansal properties as structured debt via the non-convertible debenture (NCD) route. With Peninsula Brookfield [...] Continue Reading »
The financial capital of India Mumbai has seen a sharp increase of 35.2% in the land for residential development in the last two years. Bangalore is the close second with 26.1% and NCR third with 24.9% growth in the same index of land price appreciation. Global consultancy firm Knight Frank’s Prime Asia Development Land Index report has revealed [...] Continue Reading »
By mid-next year a final blueprint on the mega southern infrastructure project for the ambitious Chennai-Bangalore-Chitradugra Industrial Corridor (CBCIC) is expected to be ready. V P Baligar, CMD, Karnataka State Industrial & Infrastructure Development Corporation Ltd mentioned that the consultants Nippon Koei and Price Water Coopers (PWC) have been appointed to prepare a comprehensive integrated [...] Continue Reading »
A luxury residential project has been launched by the Sobha Developers in Bangalore. The name of this project shall be called Sobha Valley View. It is found in the heart of Bangalore, in a residential community that is old. JC Sharma who happens to be the vice chairman of Sobha Developers has recently said that [...] Continue Reading »
With Bangalore having emerged as the biggest Indian market – in terms of room inventory – for US-based Starwood Hotels and Resorts, the city has been propelled to the top spot by the bigwig hospitality chain. Out of Starwood’s overall room inventory of 9,000 rooms in India, Bangalore – which is deemed India’s IT capital – [...] Continue Reading »
One of South India’s bigwig realty developers, Mantri Developers Pvt. Ltd, has recently announced the launch of its new luxurious residential project – called ‘Mantri Lithos’ – in Bangalore. One of the biggest attractions of the new Mantri Lithos residential project is its prominent location right at the centre of one of the Bangalore biggest [...] Continue Reading »
A number of localities in the Bangalore suburbs are opening up and witnessing noteworthy growth; thanks largely to ‘improved connectivity’ resulting from the development projects undertaken by different agencies. With availability of huge land parcels at low rates having always been one of the key advantage for Bangalore, the recent opening of the city’s suburbs [...] Continue Reading »
An “over 100 per cent” hike in airport tariff has been fixed by airport tariff regulator AERA – the Airports Economic Regulatory Authority – for the Kempegowda airport in Bangalore. As a result of the hike, Rs 1,368 and Rs 342 per international and domestic passenger have been fixed by the AERA as user development [...] Continue Reading »
