Bangalore
Real estate market experts feel that property prices may come down, but however, it depends on the holding power of the builders. The real estate sales volume has dropped down in six of the major cities in India. Mumbai Metropolitan Region (MMR) witnessed 50 per cent drop, Gurgaon 45 per cent, Hyderabad 34 per cent, [...] Continue Reading »
The builders of India seem to have learnt that luxury amenities attract rich buyers of the new era the most. To keep pace with the changing lifestyles, builders have started implementing high class amenities like Jacuzzi, squash court and cinema halls, in their luxury projects. Keeping in mind the requirements of young generation and new [...] Continue Reading »
A leading Indian realty firm, Synergy Property Development Services Ltd, bagged a $153-million township development project in the central African country of Rwanda. The firm bagged the township project through international bidding. As a global project management consulting and turnkey solution provider, the Bangalore-based Synergy will undertake design and project management of Rwanda Social Security [...] Continue Reading »
According to the recently released ‘White Paper on Black Money’ by the Union government, real estate is the highest contributor to the total black money generated. Depending on the parties involved and the transaction type, the ‘black money rolling’ percentage within the sector is much higher at around 30 per cent. On an average, the [...] Continue Reading »
Many real estate developers are entering the educational sector as many international schools in the city are run by one realtor or the other. For instance, Prestige Group promotes Inventure Academy, Mantri Developers is among the trustees of Indus International, Salarpuria Sattva has taken over Greenwood High, Gopalan Group runs Gopalan International School, and many [...] Continue Reading »
ASK Group’s realty private equity arm ASK Property Investment Advisors said it has raised a real estate fund of Rs 1,000 crore. ASK Group collected money from high net worth individuals (HNIs) and Ultra HNI investors across 10 cities in India in a partnership with private banking arms of institutions such as ICICI Bank, Future [...] Continue Reading »
Real estate developers have planned to give rest to the new project launches, instead they prefer to sell the unsold inventory, as this process prevents dropping of price in the declining market. Analysts say developers have realised that launching of new projects could cut down the unsold inventory prices which were launched at higher costs. [...] Continue Reading »
Bangalore realty sector performs better when compared to any other cities of India and the main factors being price stability, wide property range and active workforce. The city has crossed all other cities of India in terms of sales in the year, 2011. Bangalore ranks tenth this year in the list of top global investment [...] Continue Reading »
The state government has issued a notification regarding nominating 16 persons to the Bruhat Bengaluru Mahanagara Palike (BBMP) council on Thursday. The nominations have been made on the basis of constituency. All the nominees are senior BJP workers and followers of MLAs and ministers, BBMP sources said. Most of the nominees did not succeed in [...] Continue Reading »
The exhibitors at the Indian Property Show, which was opened on 21st June 2012 at Dubai World Trade Centre, expect a flourishing business after the recent 30 per cent fall of the Indian Rupee value against the US Dollar and the Dirham. The experts are of the opinion that the Non-Resident Indians (NRIs), following the [...] Continue Reading »
