Bangalore
Foreign investors are funding Indian real estate market after the release of Press note 2 in 2005 which opened up construction and development for Foreign direct investment (FDI). Many investors who had invested at that time, largely in residential sector, are now heading towards maturity and are withdrawing their prime investments. According to a report [...] Continue Reading »
Sobha Developers, a Bangalore-based leading real estate company, on Friday revealed that it has sold properties worth Rs 479 crore in the first quarter of this fiscal, up by 58% from the same period last year. In the first quarter of 2011, the firm had sold properties worth Rs 302.7 crore. For the quarter ended [...] Continue Reading »
Chikmagalur Municipality is set to cross check the plinth area of each construction in the city with their self-assessment scheme to find out about house tax evasion. The CMC president CR Premakumar said that they have formed four groups, headed by revenue officers, which would visit residential and commercial buildings. The groups will collect details [...] Continue Reading »
The residents of Doddanekundi are sick of the nearby polluting-factories. The members of Doddanekkundi Residents’ Welfare Association have been complaining to Karnataka State Pollution Control Board (KSPCB) regarding this issue for more than a decade but till now no action has been taken. Sources said Graphite India is one of the few units that have been [...] Continue Reading »
At the BBMP Budget session on Wednesday, Mayor of the Bruhat Bengaluru Mahanagara Palike, D Venkatesh Murthy, announced that all 198 corporators should take up an ‘andolan’ to ban plastic in their respective Wards. He added that whoever is successful in this campaign will be rewarded with Rs 1 lakh. Though the Palike had taken [...] Continue Reading »
Realtors are reducing their staff as debts loading and sales decline while there is no remarkable improvement observed on fresh projects for the past one year. The heat is mainly on the marketing and sales teams of several real estate firms and their situation is pathetic. Since the number of new projects has reduced due [...] Continue Reading »
Century Real Estate, one of the leading realty players of Bangalore, is likely to buy at least half the investment from Fortress Capital, a global private equity fund that had invested about $100 million in 2007. The company is one of the largest land-bank owners in Bangalore. It had embarked into developing various commercial and [...] Continue Reading »
A three-storeyed building which was under-construction collapsed at M K Layout in Garudacharpalya 4th Main Road on Wednesday morning. A contractor, Mohan Nayar, was buried alive in the disaster while three children, who were playing in the basement area, luckily escaped. It is suspected that some more persons may have been trapped under the debris. [...] Continue Reading »
“Water’s Edge”, the signature residential project of Equinox Realty, the real estate arm of Essar Group, will be developed in the northern periphery of Bangalore. The project will be developed across 8 acres, and will comprise five 40-storeyed towers, which will be among the tallest buildings in the city. The project is located on the [...] Continue Reading »
The experience of buying a house for the first time is almost the same with every individual. Price and connectivity over location are the top two buying considerations, for first time home-buyers. Most of the buyers set out to buy a home with the average budget of up to Rs. 40 lakh. But since the [...] Continue Reading »
