Cities
Chennai office market has changed in nature as it has shifted from being absolutely IT/ITES dominated to more diversified occupier base. According to a survey by Knight Frank India, emergence of newer sectors have boosted the city’s office market. Although IT/ITES sector continues to be affected by economic constraints, leasing levels should remain firm and [...] Continue Reading »
International property consultants are introducing new business streams and realigning their focus areas in India to tap segments which are predicted to attract increased demand. CBRE Inc., a top commercial office space service provider headquartered in California, has strengthened its capital markets division in India. The capital markets team will largely arrange finance for developers [...] Continue Reading »
The service sector is expected to revive demand for office space with an estimated absorption of 28-30 million sq ft by the year-end. Jones Lang LaSalle India says that the service sector is likely to drive demand for commercial real estate. An 8.5 percent growth in the services sector in FY12 is an indicator that [...] Continue Reading »
Indore real estate scenario is not cheered up even by the festive season. The walk ins to realty sites have gone down and actions taken by the authorities against realtors have added woe to the dismal condition. The Confederation of Real Estate Developers’ Associations of India (CREDAI) hopes that things may improve during the forthcoming [...] Continue Reading »
Hundreds of residents of Rajajinagar and Malleswaram have given vent their anger against Bangalore Metro Rail Corporation Ltd. (BMRCL). The residents are angry over the devastating condition of Maha Kavi Kuvempu (MKK) Road. Gathered under the platform of Save Bangalore Committee (SBC), the residents, who claimed that they had suppressed their anger for over two [...] Continue Reading »
Deolali Cantonment Board in Nashik is facing serious crisis due to lack of infrastructure in the face of rising population and emergence of new localities in Deolali. To address the issues and to develop the infrastructure, the Cantonment Board is looking forward to a financial aid of Rs 70 crore from the Centre. The Board [...] Continue Reading »
Four residents of Bhagwat Nagar in Patna have gone on fast-unto-death to protest the anti-encroachment drive by Patna Municipal Corporation (PMC) and district administration. The civic authorities have started the demolition drive complying with the order of the Supreme Court. As many as 266 houses were built allegedly in the locality without their design approval [...] Continue Reading »
Various leading banks have now made it possible for the home buyers to pay back their loan at leisure. Banks have adopted this policy in order to improve their retail credit group. The first ever bank with the longest year of repayment in the India’s banking history is the State Bank of India (SBI) with [...] Continue Reading »
The e-payment property tax facility introduced in Hubli-Dharwad 6 months ago has failed to create an impact. The e-payment facility was initiated by the Hubli-Dharwad Municipal Corporation (HDMC) to make the system hassle free and people friendly. Most of the citizens prefer the manual method of paying their property tax. The studies have shown that [...] Continue Reading »
The newly invented plan by the Bruhat Bengaluru Mahanagara Palike (BBMP) to clear the garbage will be implemented from October 1. Owing to this, the flat owners of Sovereign Park apartments in Basavangudi are panic stricken as the BBMP has issued a notification to put residential high-rises on par with commercial entities. This notification grouped them [...] Continue Reading »
