Cities
The supply gap in mid-segment residential units in Ahmedabad has reached over 31 per cent. The current emphasis seems to be towards high-end segment in the city. However, despite efforts to focus on the segment, high-end supply gap is also hovering at around 22 per cent, as per the latest report released by global real [...] Continue Reading »
Due to a software problem, Brihanmumbai Municipal Corporation‘s (BMC) plan to send out property tax bills by September has been delayed. The property tax bills are likely to be delivered to citizens in November. The BMC has demanded the software developer to hand over the software by October 15. Once the software is acquired, there [...] Continue Reading »
With the completion of the survey for levying property tax on the basis of Geographic Information System (GIS), the Greater Visakhapatnam Municipal Corporation is all set to issue special notices. The relocation to GIS is one of the developments under the Jawaharlal National Urban Renewal Mission (JNNURM) on property tax. However, there has been a [...] Continue Reading »
Caesars Entertainment, the world’s biggest casino company, is planning to enter hospitality and entertainment sector in India. It has plans to enter luxury hotels as well as entertainment businesses such as managing Bollywood-centric events, concerts, musicals, drama and stand-up comedy. Las Vegas-based Caesars Entertainment owns 50 hotels and casinos and several golf resorts around the [...] Continue Reading »
Property advisory firm Cushman & Wakefield says that private equity investments in the Indian real estate sector have seen a drop of 15 per cent in the first three quarters of calendar year 2012, compared to a year ago. FY2012 has so far witnessed investments of around Rs 3,500 crore across residential and commercial property [...] Continue Reading »
In order to showcase properties across Nashik under one umbrella and provide buyers the opportunity to purchase real estate in Nashik, the Confederation of Real Estate Developers’ Association of India (CREDAI) has planned a real estate expo in the city. The realty expo – ‘Shelter’ will be organised in the city from December 20-23. CREDAI [...] Continue Reading »
Venture fund Fulcrum Venture India has exited from real estate firm Casa Grande. Fulcrum got back return of over 10 times as they had invested Rs 4.8 crore in FY 2004 and have exited at Rs 50 crore. Chennai-based Casa Grande was launched in 2004 by M Arun Kumar and KR Anerudan. It builds luxury [...] Continue Reading »
The management and staff of Bangalore-based developer Century Real Estate carried a cleanliness drive as part of their corporate social responsibility (CSR). In association with the community organisation Ugly India, Century Real Estate undertook its new CSR movement, Clean Drive: Making Bangalore beautiful. It is an initiative aimed at cleaning up neighborhood roads of the [...] Continue Reading »
To improve the level of sanitation in Gurgaon, the Haryana Urban Development Authority (Huda) is considering to procure machines to clean, collect and dump garbage. Till now, the streets are cleaned by workers. However, the civic body aims to replace manual cleaning of roads and to improve efficiency in work. Sources say that a machine [...] Continue Reading »
Before Ganeshotsav, Brihanmumbai Municipal Corporation (BMC) was under pressure from mandals and politicians to fill the potholes on roads. After the festival is over, the mandals are facing the heat of the municipal body. Ganesh mandals are being criticized for not filling up the pits that had been dug to erect pandals during Ganeshotsav. BMC [...] Continue Reading »
