Cities
The proposed metro corridor between Pimpri-Chinchawad and Swargate got a green signal from the Pune Municipal Corporation’s (PMC) standing committee. Corporates from Satara Road has demanded to extend the metro corridor to Katraj, accordingly the standing committee approved the demand. Mahesh Pathak, Municipal Commissioner, stated that to install the metro project in Pune and Pimpri-Chinchwad [...] Continue Reading »
It was in Thane Municipal Corporation’s (TMC) court to decide whether to go in for a monorail, a Light Rail Transit (LRT) or a metro service. It was found that Light Rail Transit was financially feasible. But the TMC gave approval for tram service with out discussing or taking views from other parties for which [...] Continue Reading »
According to the property consultant, along with the land price, house prices will also increase if the land acquisition bill is passed by the government. Confederation of Real Estate Developers’ Associations of India (CREDAI) National President Lalit Kumar Jain commented that this will not be a good step towards the economic growth and it will [...] Continue Reading »
Chennai – People who are looking for a quality life should click to Adyar which is one of the most premium and well developed residential areas of Chennai. The property prices in the locality has been increasing in the past year and the locality has got only limited land for any new developments. Hence the property [...] Continue Reading »
Reserve Bank of India holding on policy rates can put more stress on real estate market, says real estate developers. RBI should have cut down the rates as the growth rate is coming down and industry and government is also calling for a rate cut. Lalit Kumar Jain, national president of Confederation of Real Estate [...] Continue Reading »
Bangalore- Former CEO of South Asian Real Estate Group (SARE Group), Arvind Pahwa, has taken position as the executive director at Indiareit Fund Advisors Pvt. Ltd. At an interview, Pahwa disclosed that he will be a part of Indiareit’s business and willo be monitoring existing investments. Ramesh Jogani , Indiareit’s chief executive and managing director, [...] Continue Reading »
It is seen that companies involved in road construction bid in an aggressive manner to win big contracts cause great financial loss to banks. Thus banks have decided to be very easy while providing loans. Due to the delay in financial closure, around 15 National Highways Authority of India (NHAI) are put on hold. This has created a point [...] Continue Reading »
The Economic Offences Wing (EOW) of the Mumbai has filed a case against four realty firms for duping flat owners. Two real estate companies developed a plot of land in Ambewadi, Parel for constructing a 14 storey building. Once the building is constructed, it was demolished later due to some reason. The realty firms then sold the [...] Continue Reading »
Baner area in Pune has seen the highest year-on-year price hike of 57 percent in the luxury segment of the real estate market in India, according to a report by Cushman and Wakefield. There was an average of 10 percent year-on-year price increase in mid-segment properties in India. Prices of the high end property segment [...] Continue Reading »
Bangalore- Most of the properties owned by the Bruhat Bengaluru Mahanagara Palike (BBMP) are either leased out at a much lesser rate than the actual market rate or have been used in violation of norms. An inspection of such properties was carried out by Bangalore Mayor D Venkatesh Murthy during which he found out that [...] Continue Reading »
