Bangalore
According to a recent report by property consultants PropEquity, the property sales across the Mumbai Metropolitan Region (MMR) have witnessed a fall of more than 50 per cent. In the first quarter of 2012, absorption of residential property has fallen to 11,473 units compared to 27,676 units in Q1 of 2011. The total residential supply [...] Continue Reading »
XRBIA Developers, the former Eiffel Developers & Realtors Ltd., has recently revealed the first-of-its-kind affordable housing brand XRBIA for pan India. Hafeez Contractor, a 61 year old renowned architect, has developed a revolutionary new design for affordable housing. An exact full size model of the actual house was shown during an occasion. XRBIA – Connoting [...] Continue Reading »
Indian real estate has been witnessing a major downturn in property sales which is making the developers to look around for specialized profiles that can handle more work and clear off the inventories. Realtors are planning to hire personnel such as cost managers, technical auditors, legal experts, energy efficiency specialists, quality surveyors, and construction project [...] Continue Reading »
Commercial rent trends in the first quarter of 2012 have been idle with rates almost constant, except in some places in major cities of India where there has been a growth. Commercial rents in Lajpat Nagar and Greater Kailash in Delhi have been hopeful as they are preferred choices for commercial renting due to connectivity [...] Continue Reading »
The revenues of 25 listed realty companies in Bangalore have witnessed a downfall due to less number of sales. There was 9.3 per cent fall in revenue in the last quarter of 2011. According to a report by Knight Frank India, a real estate consultancy, buyers showed less interest in buying properties as the interest [...] Continue Reading »
The Bruhat Bengaluru Mahanagara Palike (BBMP) has enhanced its range of services for online payment. It’s a good news for those facing problems while paying property tax. Along with IDBI Bank, Corporation Bank is also included for tax payment now. BBMP is also looking at IT to curb the duplicate khata racket, and will introduce a [...] Continue Reading »
Brigade Group, one of the Bangalore-based top realty players, on Wednesday, announced that it is planning to venture with Government of Singapore Investment Corporation (GIC) to develop a residential project in Bangalore. Both the parties, Brigade and GIC, have entered into a 51:49 private equity partnership through a special purpose vehicle (SPV) for the development of [...] Continue Reading »
The students of M S Ramaiah Institute of Technology (MSRIT), Bangalore have come up with a replacement to cement in construction, under the guidance of realty experts. Using fly ash instead of cement will reduce the construction cost of projects. Moreover, fly ash is a very economical and environment-friendly solution. According to a recent survey, [...] Continue Reading »
After a month the new property tax formula has been declared, and their factors for various areas of the city, citizens in Gandhinagar posted as many as 1,500 objections before the GMC. The corporation has spent the last one week reading 600 objections that were received from citizens. Sources in the GMC say that another 800 objections [...] Continue Reading »
Being hit by increased land rates, lack of funds and high interest rates, the real estate sector of India has again been demanding for industry status. Despite the fact that 10 per cent GDP is contributed by realty sector which is the second largest employment provider of the nation, the central government is not giving [...] Continue Reading »
