Cities
From the views of property consultants apartment rents in cities such as South Delhi, South Mumbai and Gurgaon undergoes a great fall from 20% to 30% when compared to last year survey. What would be reason for this drop down? From property broker’s view, for the past two year’s commercial office and job market space [...] Continue Reading »
The Punjab and Haryana High Court rejected the report that was submitted by the Gurgaon administration on construction activities in prohibited zones around the Gurgaon Air Force Station. The Court has also directed the deputy commissioner, municipal commissioner and the commissioner of police to appear in person before the court. Reasons Cited: The High Court [...] Continue Reading »
Floor area ratio (FAR) norms have been increased for residential plots in Delhi by ministry of Urban development. In technical terms, Floor area ratio can be defined as the total floor area of the building to the area of the land on which this construction has been done. An expected move This move by the [...] Continue Reading »
The average price of the new apartments of South India has risen up to Rs. 7.5 Crore which might lead to the inventory bundle-up that might take about eight years to get sold. South Mumbai, one of the most costly regions of India, South Mumbai just sold about 1,250 new residential apartments in the last [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) representatives have strongly expressed their dislike to take the contribution of special planning body in materializing the proposed and ongoing metro and mono rail projects. The MMRDA proposed plan was rejected strongly in the Chief Minister chaired authority meeting. The Mumbai Metropolitan Region Development Authority conducted a meeting along with [...] Continue Reading »
South Mumbai is facing few buyers for plush apartments and expected time to sell the piled up property is more than 8 years. Just 1,250 residential units are sold in this area, which is once known as most expensive area in India. The case is similar in other areas of Mumbai like Bandra – Kurla complex, [...] Continue Reading »
Everybody in the town is excited. There are always talks going on and on about the metro rail under construction. This is very important to Telangana because this is the first major project for them since the division of Andhra Pradesh into Andhra Pradesh and Telangana; so it is really a big deal for them. [...] Continue Reading »
A 500 crore housing project is likely to come up in Pune. Puravankara Projects has entered into a joint venture in Pune to make this project a reality. The project will be developed in an area of 30 acres and Rs 500 crore is likely to be spent, as per the initial estimates. Joint Venture The [...] Continue Reading »
Gurgaon and Mumbai are the two most important property markets of India. Gurgaon is growing fast in terms of luxurious and premium properties. Gurgaon is a hub for reasonable homes of around Rs. 10 lakh to 20 Lakh. Builders and developers have a huge number of upcoming projects of affordable price, under the Government Policy [...] Continue Reading »
On November 25th Tuesday, the Union Minister of Transport, Highways and shipping Mr. Nitin Gadkari revealed his concern over New Delhi’s traffic issues. The minister expressed his deep concern on the increasing pollution along with the traffic stagnation across the capital. The government expressed its concern for building new roads and other infrastructures to ease [...] Continue Reading »
