Cities
Ahmedabad- Mumbai based leading realty firm Godrej Properties has sold 150 apartments in just three days of launch of its affordable housing project “Godrej Garden City”in Ahmedabad. The company is also planning to open bookings for fifth phase of the same project on April 1, 2013. It expects a good response from this move. The [...] Continue Reading »
After a long pause, the work on all the four Metro projects in Gautam Budh Nagar district is expected to resume in May this year. The work was stopped for several months due to various reasons. As per some reports, Noida authority officials have taken this matter seriously and is working hard to complete all [...] Continue Reading »
Delhi-NCR: New Delhi stands in the second place among the most expensive office markets in Asia and fifth in the world, revealed a research report by real estate services firm Cushman & Wakefield. According to the list, New Delhi is in the second position in Asia Pacific following Hong Kong, after beating Tokyo as the [...] Continue Reading »
Chennai- The Chennai corporation has proposed to build five bridges across the city in 2013-14. These bridges have been proposed in order to ease traffic congestion in the city. The bridges will be constructed at a total cost of Rs 13 crore. Now the residents and commuters of Bojaraja Nagar in north Chennai and Old Washermenpet [...] Continue Reading »
The demand for luxury segment in Bangalore is from the NRI Indian businessmen, senior management class, high net-worth individuals and corporate houses. However, there was a further demand seen with people migrating from outside in the city. The demand for high-end apartments in increasing compared to independent homes and villas. Earlier, the demand for luxury [...] Continue Reading »
Hyderabad- The government has cleared the proposal of R&S (Revenue and Stamp) department to increase the market values of properties for registration all over the State. Now, the residents will have to cough up higher registration charges for buying or selling their properties after April 1, 2013. It is applicable for both rural and urban areas. The [...] Continue Reading »
The realty firm ATS Infrastructure has announced that it will invest around Rs 600 crore on a housing project “ ATS Lifestyle” in Punjab. ATS Lifestyle spreads over 22 acres and comprises of 300-acres integrated township situated at Dera Bassi near Chandigarh. According to the ATS Group Managing Director Getamber Anand, the project will have [...] Continue Reading »
Maharashtra government has finally implemented the long pending property registration rules to protect property buyers against frauds. These rules will be public from 1st of April 2013. The state has approved the rules after three years the state legislature approved landmark amendments. The main motive is to stop the fraudsters from selling the same property [...] Continue Reading »
The new project launches in Delhi-NCR is highly affected by project approval delays, increasing costs and lackluster demand from the buyers. The new launches in NCR has dropped by 35 percent to 5,208 when compared to the statistics of last year which was around 8, 041 units. Launches were limited to few areas like Greater [...] Continue Reading »
IL&FS Milestone Fund, a major real estate private equity firm is all set to invest around Rs 100-150 crore by next month. As of now, the investment proposals are being evaluated and term sheets are being worked out. An official has confirmed that the said amount will be invested around April. The investment is meant to [...] Continue Reading »
