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The US private equity firm Blackstone has planned to invest in different real estate projects in India. As an initiative the private equity firm wants to buy the two special economic zones in Gurgaon and Noida and an IT park in Kolkata in a deal worth over Rs 3,000 crore from Unitech. Unitech has been [...] Continue Reading »
In the global economic downtime, the companies in India are planning to sale their non-core and core assets to reduce the debt burden. Companies from all sectors like lifestyle, telecommunication, retail, real estate are walking in the same direction. We can see several movements taken by the DLF builder to sell its land bank and [...] Continue Reading »
Any buyer of any apartment in India can sue the builder of the apartment for any king of construction defect under the Consumer protection Act. The Supreme Court has said a private developer selling a flat to a consumer can be defined as a service and thus falls under the Act. New flat owners will [...] Continue Reading »
Virtuous Retail, a retail real estate platform and India’s first and only ‘Master Retailer’ announced the launch of its flagship retail centre VR Surat. VR Surat will be the first retail lifestyle destination amongst a series of retail developments under the VR umbrella that are coming up in India’s top cities including Bangalore, Mumbai, Pune [...] Continue Reading »
Water scarcity has reached alarming proportions, ponds and water bodies in Baripada town are being used as dumping yards. The Government, on its part, is showing little interest in renovating them. It is noticed that different shopkeepers have encroached on some portions of the ponds to open their stalls, in other areas they are filled [...] Continue Reading »
New residential project in Mangalore, Catalonia-II was launched at Kulshekar. The project is launched by Property Infra Tech, a premier builder of Mangalore. Catalonia-II is all set to create benchmark in residential apartments in Mangalore. The builder Property Infra Tech has created several other projects in Mangalore. Some of the projects are Catalonia, Luminous, Hill [...] Continue Reading »
In RICS India Commercial Property Survey it is observed that the realty market is now witnessing improvement across the country. The report has shown that the rental expectations are turning positive this quarter as opposed to being negative during the last three months of 2011. Market activity indicates that rental value of retail properties, particularly [...] Continue Reading »
The decrease value of rupee has positively influenced the demand from NRIs for residential properties in various cities across India, especially in Mumbai. Exporters and the NRIs are two categories which stand to gain from the weak currency, as they will receive more rupee funds on conversion. Because of the rupee’s downward trend, real estate [...] Continue Reading »
Prayas, a city based NGO, is driving a tree transplantation service in Surat. The real estate developers, private plot holders, residential societies, industrial unit owners are approaching to the NGO for transplant trees around their premises. The builders and the industry owners had chopped several trees for their construction purpose. Now they are eager to [...] Continue Reading »
The Supreme Court has declared the sale of immoveable property in Delhi through the use of a power of attorney will not be considered as a valid mode of transfer of immovable property. This judgment will have a negative effect on the residential real estate market of the national capital. The Power of attorney is [...] Continue Reading »
