Bangalore
The Bruhat Bangalore Mahanagara Palike (BBMP) is all set to issue Property Identity (PID) numbers to all property owners from September 15. The aim is to bring 16 lakh properties in Bangalore under the tax net to increase the revenue collection. Palike sources state that PID scheme is in the final stages. Properties in the [...] Continue Reading »
Prestige Estates has received a favourable review from Bank of America Merrill Lynch. The investment bank has initiated a coverage on Bangalore-based real estate firm Prestige Estates Projects with a “Buy” rating and estimated an upside potential of 38 per cent from current levels. BoAML also estimated that Bangalore real estate sector growth would remain [...] Continue Reading »
Ulsoor, one of the oldest localities in Bangalore has witnessed a sharp rise in capital values in the Jan-Mar 2012 quarter. A rise of 25 per cent in capital values in the latest quarter. The proposed metro connectivity has been the major boost behind the rise. Two proposed Bangalore metro stations that will be located [...] Continue Reading »
Analysts state that fast growing number of high net worth individuals (HNI) in India have pushed up the demand for luxury apartments. Approximately 40 per cent of the real estate sector caters to their investment portfolio. Rs 1 – 15 crore are witnessing higher demand in the cities such as Gurgaon, Bangalore and Pune. The [...] Continue Reading »
A recent report by CBRE indicates that residential real estate market in Bangalore has emerged as an attractive investment proposition for investors. High net worth individuals (HNIs) are attracted by the city’s stable demand outlook and attractive pricing. This has been reflected in growing demand for homes upward of Rs 1.5 crore. The city has [...] Continue Reading »
The under-construction Namma metro in Bangalore has already pushed up the property values. The end-users, developers, realtors- all have been considering the metro as an asset with the construction underway. In the areas through which metro track passes like MG Road, Trinity, Indiranagar and Byppanrahalli, residential property values have witnessed a 15-20 per cent hike [...] Continue Reading »
Confederation of Real Estate Developers Association of India (CREDAI) Bangalore aims to concentrate in quality residential units at affordable pricing. While it offers to cater to a wide segment of customers at competitive prices, the emphasis always is on reliable and quality products in the real estate sector. The developers’ apex body aims at greater [...] Continue Reading »
Karnataka unit of Credai (Confederation of Real Estate Developers’ Associations of India) aims to see the state housing surplus by 2020. Officials state that the developers’ body will dwell upon the issue in Statecon 2012, which will be hosted in Mangalore on August 25. The official source states that Credai wants to provide people in [...] Continue Reading »
The Bruhat Bangalore Mahanagara Palike (BBMP) which enforces building bylaws has reportedly turned a violator itself. The new eight-storey building constructed at the civic agency’s headquarters allegedly violates norms made mandatory by the authority. Contrary to bylaw stipulations that buildings over 15 metres tall should have an underground basement and ground floor reserved for parking, [...] Continue Reading »
As real estate in Bangalore soaring to new heights, developers are being accused of unfair practices by flat owners’ associations in various situations. Complaints range from corpus fund being siphoned off to being denied free access to common facilities like swimming pool or gym as have been promised to the buyers prior to completion. Many [...] Continue Reading »
