Cities
There have been forecasts that Pune residential real estate is going to boom in 2013. This may be due to high demand of properties from IT/ITeS and manufacturing sector employees. According to property consultancy firm, Jones Lang LaSalle India, investors based in Mumbai and NRIs are looking to invest in a market which has been [...] Continue Reading »
New Delhi- The government has declared the construction of houses for its employees making it the first such exercise after independence. Although there will be new homes constructed for all the government employees, there will not be a single paisa spent from their coffers as the task has been assigned to the NBCC along with [...] Continue Reading »
Bangalore- The Bangalore Development Authority (BDA) is soon planning to build towers on important entry points within the authority limits on the boundary of the city. Founder of Bangalore city, Kempegowda had constructed four such towers which marks the boundary of the city. If everything goes according to the plan, people entering Bangalore city will be welcomed by splendid [...] Continue Reading »
Gurgaon- A pipeline worth Rs. 9 crore which was laid down along Sohna Road eight years ago has simply led to a wastage of the public money. The water pipeline is 8.5-km-long and was laid for the supply of water to the private colonies and is yet to be operational. Shockingly, the higher officials in [...] Continue Reading »
Currently financial intelligence agencies are scrutinizing service tax payment of several real estate companies across the whole country. The real estate firms are suppose to pay 12.5 per cent service tax but they doubt that many real estate companies are ignoring service tax. This search initiated on January 2, 2013. And thus it was found out that firms providing [...] Continue Reading »
New Delhi- The old rickety government buildings spread through the heart of New Delhi on a major arterial road will very soon be replaced with high rise commercial and residential apartments. Since Independence, this redevelopment project is one of the largest redevelopments which is expected to change tables of the National capital. As per the plan, [...] Continue Reading »
One of the leading banks in India, HDFC Bank is planning to buy an office space of approximate 1.3 lakh sqft at Lower Parel. The building is situated in Peninsula Business Park at Lower Parel in Central Mumbai and is spread over four floors. As per reports, the bank is paying around Rs 17,000 per [...] Continue Reading »
Bangalore- The Cabinet has approved acquisition of land identified by BBMP to set up solid waste processing units in Bangalore. The Bruhat Bangalore Mahanagara Palike (BBMP) had put forth a proposal of purchasing 476 acres of land in Arudi village near Doddaballapur, and 600 acres in Togarighatta in Tumkur district. The responsibility of buying the [...] Continue Reading »
Gangapur Road, which was once known to attract many small and large scale real estate developers is now lying dull due to high property rates. It is one of the developing areas in Nashik and has been witnessing low sales in properties for quiet some time. In the past one year, the locality has seen [...] Continue Reading »
New Delhi- The Competition Commission of India has modified few clauses for commercial agreements between realty giant DLF and property buyers, in two projects by DLF in Gurgaon in the NCR. In March 2012, the Competition Appellate Tribunal (COMPAT) had directed CCI to present a modified buyer-seller agreement and the fair trade regulator (CCI) is [...] Continue Reading »
