Cities
The year 2012 was a tough year for both real estate developers and home buyers because of the high property prices. The middle class and even the upper middle class found it impossible to invest in properties in India due to soaring property prices. There was a fall in property prices in 10 to 19 [...] Continue Reading »
Bangalore- The Karnataka High Court has asked the Bruhat Bengaluru Mahanagara Palike (BBMP) to remember the sanction plans, trade licenses and change of use of land, that were issued after the January 25 interim order of the court. The court had ordered not to permit any reconstruction or redevelopment in areas classified as residential areas [...] Continue Reading »
Pune- The luxury segment of Pune city’s the real estate market has shown signs of recovery. According to experts, there is a rise in demand for luxury projects all over India. In 2012, more than 50 percent luxury projects were launched in Bangalore. In the last couple of years, there was a drop down in [...] Continue Reading »
Kozhikode- The Corporation authorities of the Kozhikode have only 105 days left to execute the developmental projects. This implies that in order to avoid assumed fund lapse of Rs 77 crore, these projects must be implemented before the end of 2012-2013 financial year. This arduous task will only initiate after getting approval from the district plan committee. The [...] Continue Reading »
Nagpur- On December 20, a six member committee of Institute of Chartered Accountants of India (ICAI) will visit the nine acre land at Luxora Township in Pipla in order to investigate its purchase decision for Rs 99 crore. The final papers will be put forward on December 31. The land Luxora Township was purchased to construct ICAI centre of excellence. However, head of [...] Continue Reading »
Instead of developers, the slum-dwellers will get the Development Rights Certificate (DRC) if the government approve the new scheme sent by the Slum Rehabilitation Authority (SRA). Under this scheme, it won’t be mandatory for the slums in India to choose a house in the SRA scheme. They will have the freedom to buy a flat [...] Continue Reading »
India ‘s biggest real estate developer, DLF expects a 20 percent annual growth in office rental income. By 2014-15 fiscal year the rental value is expected to increase to Rs 2,500 crore. DLF has already touched Rs 1,500 crore as office rental income in 2011-12, and hence it has currently Grade A office leasing portfolios [...] Continue Reading »
Compared to other areas like Indirapuram, Vaishali and Vasundhra in Ghaziabad, Crossings Republik which is situated in NH 4 offers half rental prices for properties in Ghaziabad. According to reports, Crossings Republik offers Rs 5-6 per sq ft for any property whereas others rental properties offers Rs 9-13 per sq ft. Crossings Republik in Ghaziabad [...] Continue Reading »
In a global survey of 40 tourist cities, India’s commercial capital, Mumbai has been ranked last in the “cleanest streets”category. Mumbai has been named as the world’s ‘dirtiest’ cities. It is not at all surprising that one of the Indian cities has been ranked as the dirtiest city in the survey. The survey was done [...] Continue Reading »
The real estate market in India is expected to pick up in the second half of 2013 as the country’s economic front witnessed some improvement. The developers are planning to give some pre-launch benefits to attract home buyers and at the same time, they are also planning to cut short on amenities and facilities of [...] Continue Reading »
