Bangalore
Though the present real estate market of India is witnessing a downtrend, it has not stopped the listed companies from shelling out attractive dividends for the fiscal year 2012. According to an analysis, 26 listed companies – most having a 50% or more promoter holding – recommended an aggregate dividend of Rs 722 crore during [...] Continue Reading »
With the developers betting big on the hospitality sector, Bangalore will house 20 new luxury hotels within the next three years. After three lackluster fiscals, Bangalore’s hospitality area is all set for a bounce back encouraged by the upturn in the commercial realty segment, and with occupancy levels for luxury hotels rising to 65%, Bangalore-based [...] Continue Reading »
Annoyed by the issue of lesser water supply, the residents of JC Nagar, Bangalore blocked the streets to express their anger on Sunday. The agitated residents gathered at the main signal junction near Shivaji Talkies on JC Road and blocked the traffic. The residents of SJ Park, Vinobha Nagar, Journalists’ Colony, Doddamavalli and Sudhama Nagar [...] Continue Reading »
The Car Fiesta 2012 held near Purva Riviera club house, in Marathahalli on Saturday has been an exuberant and exciting event. It has been a grand success, recognized by many as their favourite car event, with major car makers showcasing their latest models in the show. One of the largest automobile manufacturers, Mahindra and Mahindra [...] Continue Reading »
The Indian developers mainly target luxury, high-end and upper-mid housing segment. Meanwhile the housing requirements of the lower middle-income and lower income groups that are grossly neglected in India. There is an ever-growing housing shortage since the cities fall short of planned housing for low-income group. According to the report by real estate services firm [...] Continue Reading »
Godrej Properties Ltd (GPL), the real estate arm of the Godrej group, said on Monday it had created a Rs 770-crore development fund to develop residential properties in India with a clutch of global investors, including Dutch pension services provider APG and Sparinvest Property Fund II. The fund will invest and develop three to five [...] Continue Reading »
The Bruhat Bengaluru Mahanagara Palike, in April 2011, had considered to lease out its assets only through public auctioning in order to enhance the finance resources. But no action has been taken till now to enhance the lease amount or to call for public auction while leasing the BBMP’s properties. Also the BBMP’s recent budget [...] Continue Reading »
Bruhat Bengaluru Mahanagara Palike (BBMP) has taken up some steps to provide better service for property tax payers. Corporation Bank is also included along with IDBI Bank for tax payment. Khata will be issued only after taking fingerprints as a biometric system will be introduced from this year, in order to curtail the duplicate khata [...] Continue Reading »
Godrej Properties Ltd (GPL) has formed a residential development platform with Rs 770 crore of equity commitment. The platform mainly aims towards the development of the middle-income residential space in Mumbai, Delhi NCR and Bangalore, apart from looking for opportunities in Chennai and Pune. GPL would contribute 29 per cent in the investment platform while [...] Continue Reading »
The Karnataka Housing Board (KHB) incurred a loss of more than Rs. 7.2 crore for wrongly measuring the floor area of buildings it rented out in a prime location in Bangalore. Before renting out any property owned by state-owned boards and corporations, it is crucial to correctly measure the floor area of the property and [...] Continue Reading »
