Cities
The civic body decided to explain the necessity of extending the BRTS projects in the city to the political workers and the citizens of the city. The civic body’s standing committee approved the proposal of implementing the BRTS project in January 2011. The project was supposed to get implemented on 27 roads at a cost [...] Continue Reading »
Hyderabad- As real estate sector is growing in Hyderabad, more developers are interested to invest in land for development. Land owners taking advantage of the situation are not allowing the developers to bargain thus the price of lands are soaring high. Following chart shows the increase in land price in few areas. [...] Continue Reading »
According to a real estate research, 2012 was not a thriving year for the real estate sector and even in 2013 the real estate market is not likely to witness the graph of success. Although there is a steep rise in residential properties, the private equity sector dried up. If the land acquisition bill and [...] Continue Reading »
Bangalore- Electronic City, the largest industrial technology hub of Bangalore, has been witnessing boom in the residential real estate sector. The huge workforce of IT companies and various small scale and large scale industries in the surroundings has driven Electronic City towards the vast development of residential and commercial segments. In the past few years, [...] Continue Reading »
Chennai- The Chennai Municipal Corporation (CMC) has decided not to implement its plan of acquiring stretch of private land such as Dr. Ambedkar Salai, for the development of world-class roads. This decision was announced by Mayor Saidai S. Duraisamy on December 18 at the public consultation meeting held in Kodambakkam for the project. Initially the civic body planned to extend some [...] Continue Reading »
A real estate developers’ body requested the Maharastra Government to reduce the ready reckoner rates that form the basis for stamp duty as the stamp duty is expected to rise from January. The government should revise the stamp duty rates effective from January 01, 2013. Paras Gundecha, president of Maharashtra Chamber of Housing Industry and [...] Continue Reading »
Real estate developer, Neev group has launched a premium residential redevelopment housing project ‘Neev Amberwood’ in Andheri West, Mumbai. The group has successfully delivered projects in the Mumbai Metropolitan Region. This project would not only enhance the lifestyle of members, but will also increase the demand of quality homes in the suburbs. Neev Amberwood is [...] Continue Reading »
Chennai- Archean Design & Development (ADD) has launched its first residential apartment project” Albatross” at Egattur. ADD is a recently established real estate arm of Archean Group which initially focused on granite exports. Archean Group is one of the most popular business conglomerate which has diversified its business interest in many lines. This 30 old Archean Group [...] Continue Reading »
Bangalore- Private equity giant Blackstone Group has been planning to buy one of the largest Bangalore-based IT park developments, Vrindavan Tech Village for approximately Rs 800 to 900 crore, revealed sources. The PE firm which has already been in competition with other global investors Xander Group and Mapletree for buying Unitech Infospace at Dundahera, near [...] Continue Reading »
The real estate developer Lodha Group goes for smaller and affordable flats due to the slow sales in Mumbai. Due to the sluggish demand, Lodha Group is planning to sell its upcoming premium residential project on a first-come-first-serve basis in Worli, Mumbai. The project is centrally located and well connected. Lodha group will start distributing [...] Continue Reading »
