Bangalore
Bruhat Bengaluru Mahanagara Palike (BBMP) is facing residents’ agitation against the garbage disposal in the Mavallipura locality and wants Palike to shut down the garbage dump yard in the area. The villagers staged protest and prevented garbage dumping into the landfill. Mayor D. Venkatesh Murthy has agreed to visit Mavallipura on Thursday. Health risk is [...] Continue Reading »
The Karnataka High Court on Tuesday directed the Commissioner of the Bruhat Bangalore Mahanagara Palike (BBMP) to file an affidavit on the plan of action relating to reconstruction of 1,640 flats for the eligible persons from economically weaker sections (EWS) at Ejipura. The BBMP had constructed 1,512 flats spread over 42 blocks and allotted them [...] Continue Reading »
The Special Lokayukta Court on July 17 accused the Lokayukta police for not taking any action related to violation of rules by the Bangalore Development Authority (BDA). A complaint was filed by ex-councillor Lakshminarayana against the authority stating that BDA allowed conversion of land for residential purpose which was actually meant for maintaining a nursery. [...] Continue Reading »
Semi-private corporate rooms are built at the Unity Health Complex (UHC) in Mangalore. The chairman of New Mangalore Port Trust (NMPT), Dr P Tamilvanan, inaugurated the corporate rooms on July 17. The rooms are mainly designed for people of lower socio-economic status, with a patient-friendly nursing counter and various other facilities. Unity hospital is known for [...] Continue Reading »
The Confederation of Real Estate Developers Associations of India (CREDAI), the apex body of real estate developers from across the country, expressed that the government’s policy paralysis has severely impacted the real estate sector which is facing stagnation in growth. CREDAI National President, Lalit Kumar Jain said that the economy is in a bad shape [...] Continue Reading »
Real estate market analysts say that the recent June-ending quarter left the realtors frustrated and disappointed as there was lower profit on the back of tighter margins, higher input costs and huge project inventory. According to analysts, Bangalore developers likely stood out with robust sales and several project launches, while Mumbai developers saw a recovery [...] Continue Reading »
Suraj Group is constructing a shopping mall at Indira Nagar in West Bangalore. The upcoming 100 crore flagship mall, will be developed by Pioneer Property Zone (PPZ), shopping mall developer and manager. PPZ will manage the overall brand mix and leasing strategy for the mall that will cover an approximate area of 200,000 sq. ft. [...] Continue Reading »
Indian realty market witnessed nosedive in the April-June quarter of 2012. Sales volume and absorption rates were low in the residential sector. High inventory and slow execution of projects, were the major concerns. The commercial real estate market experienced low office space absorption and a slight drop in rentals in the metros. Experts feel that [...] Continue Reading »
Analysts have commented that the Real estate firms are expected to have had a lackluster in the June quarter with lesser profit due to tighter margins and higher inputs costs compared to the previous year. Firms are expected to show downfall in their profit, including big players like DLF Ltd. Bangalore based developers seem to [...] Continue Reading »
Assocham study reveals that the real estate industry is attracting substantial investments in seven of the 20 top well-performing states even as the property market is facing slowdown. Almost 50 percent of Haryana’s investment is being done in realty sector since December 2011. The services sector accounted for about 34 per cent of its total [...] Continue Reading »
