Cities
A premium residential gated community, BRC Sri Hemadurga Sivhills at Manikonda, has been launched by RC Infra, a Hyderabad-based real estate developer. The Rs 300-crore project, funded partly by promoters and financial institutions. The project has seven blocks with 742 apartments and 12 floors in each block which has three and four bedroom apartments. A [...] Continue Reading »
Even 10 years after getting possession of their houses, more than 300 families who own flats in buildings constructed by the Maharashtra Housing and Area Development Authority (MHADA) still have not made full payment to the authority. MHADA sources say that the families owe MHADA about Rs 30.39 crore. The apartments are part of the [...] Continue Reading »
The property tax is likely to witness an increase in both residential and commercial properties. A draft of the proposed rates will be issued a day before Diwali. The property owners may have to pay more tax for the second half of the year (October-March). If the proposal is accepted, the minimum tax for residential [...] Continue Reading »
East Bangalore locality Kaggadasapura have seen rise in rental values in the last one year. The rise in rental values in Kaggadasapura have eclipsed the increase in capital values. While capital values shot up by 10-15 per cent in the area, the rental values witnessed an escalation of 15-20 per cent during past year. The [...] Continue Reading »
Faced with increasing instances of protests by Noida Extension homebuyers, the district administration has asked the home buyers’ association not to protest in groups. The administration took up the step saying that such protests have often obstruct traffic and law and order arrangements in the city. Buyers have demonstrated twice at the offices of developers [...] Continue Reading »
Greater Noida Expressway have seen high demand for multi-storey apartments on the stretch in the last few quarters. The demand has been especially for 3BHK apartments. Location and greenery seem to be the main pulling factor of the area. The residential demand is generated from a lot of working people commuting from Delhi to NCR [...] Continue Reading »
Kotak Realty Funds,the real estate private equity fund of Kotak Mahindra Group, has entered into a joint venture with Chennai-based Akshaya Homes. The joint venture has been formed for construction of residential units on a 20-acre plot off Chennais Old Mahabalipuram road. It is a revenue-share venture, where Kotak will hold 20% stake while Akshaya [...] Continue Reading »
Real estate advisory Cushman and Wakefield (C&W) said Pune has witnessed 28% of vacancies in malls in the third quarter of this year due to oversupply. However, due to the increased supply, the rental values witnessed a drop. The extravagant retail developments in the last few years in Pune have put some pressure on the rental values. The [...] Continue Reading »
The draft Land Acquisition Bill which was recently cleared by a group of ministers will be placed before the cabinet at the time of winter session. The proposed new draft bill was rechristened as the Right to Fair Compensation, Resettlement, Rehabilitation and Transparency in Land Acquisition Bill will not only make the land acquisition more difficult [...] Continue Reading »
With the advancement of the hospitality sector in Chennai, the city has become a center for hospitality apart from just a booming IT sector. The hospitality market has witnessed a sharp growth with renowned brands coming up including international brands. Also the city recently witnessed the birth of about five luxury upscale hotels with many more to [...] Continue Reading »
