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The Gujarat government has planned to drastically reduce the impact fee. The impact fee is a registration charge for legalizing illegal structures in the state’s urban areas. According to sources the state urban development department has decided to fix a “nominal fixed value” for regularizing illegal properties in Ahmedabad and other cities by charging the [...] Continue Reading »
It is known to all that the South Mumbai business hub of Nariman Point has traditionally commanded the most expensive rentals in India and has been among the top 10 costliest spaces in the world. The trend has changed, and it is recorded that the rent for commercial properties in Noida are costliest in India. [...] Continue Reading »
The Industrial Industries Association (IIA) of Meerut is demanding to locate the industrial area around the proposed outer ring road under the Meerut Master Plan 2021. The proposed industrial park lies on the Delhi-Meerut highway. At present the industrial clusters are scattered all over Meerut. The government has found that as the industries are scattered [...] Continue Reading »
About 15% of total houses in Gujarat are empty. Leading the pack of cities, properties in Ahmedabad and Surat has maximum number of vacant houses. A large number of these units belong to investors, who buy houses and exit after booking profits. Usually, about 7% houses remain vacant in Indian cities. In Ahmedabad, a large [...] Continue Reading »
It is a known fact that property in rapidly-developing cities as Bangalore will find demand across all price points. At this point in time, moving funds from riskier equity-based investment avenues to the stable realty space is an option worth considering. Just as in the case of equity, property too is a medium to long-term [...] Continue Reading »
After the high court has directed to remove all constructions falling in the catchment area of Sukhna Lake, the authority has carried out a demolition drive to pull down houses and upcoming structures in Kansal and Nayagaon areas. The drive was carried out by a team of 12 officials, which pulled down 12 structures. The [...] Continue Reading »
Like other metro cities in India, green buildings will also be constructed in Ranchi. All the coming up real estate projects in Ranchi has planned to implement the concept of green building. The constructions are going on for the projects of Central Institute of Psychiatry Kanke, Indian Institute of Management Ranchi, and Central University of [...] Continue Reading »
The hospitality industry in India is witnessing increasing number of private equity investments in various projects. In 2010, the industry saw only five private equity deals with a cumulative value of $156 million. By 2011, the deal amount grew to $299 million and during the first five months of 2012, hospitality industry has raised $121 [...] Continue Reading »
Princess Tower in Dubai has been recognized by Guinness World Records as the world’s tallest residential building. It is 107 storey tall luxurious residential complexes in Dubai. Measuring 414 meters from base to tip, the tower comprises six basement floors, a ground floor and 100 above-ground residential levels. The tower is constructed over an area [...] Continue Reading »
The NCR Planning Board has recently approved a new Master Plan 2031. There is a lot of scope for infrastructural, residential and commercial development like widening of roads with elevated structure and underpasses, flyovers, greenery, high rise buildings, hotels, major Metro and road linkage projects to ease traffic, etc in the new plan. According to [...] Continue Reading »
