Cities
Saiven Developers are coming up with an innovative residential project in Bangalore. “Saiven Marble Arch” is a project comprised of 27 elegant British row bungalows which is located off Sarajapur Road. The project is elegantly designed to offer buyers a taste of Victorian sophistication. Built in a split level architecture model, it has amenities like [...] Continue Reading »
While question marks have been put as to number of new project launches, Gee Cee Ventures has announced that it plans to launch a real estate project in Navi Mumbai. The project would be a residential cum commercial real estate project. It will be developed on a land bought for Rs. 101 crores at Navi [...] Continue Reading »
A division bench of Hyderabad High Court has directed Ganesh Utsav Samitis, amicus curiae D. Prakash Reddy and G. Vidyasagar and other stakeholders to attend a meeting to be held by the Andhra Pradesh Pollution Control Board (APPCB). The meeting is scheduled on September 18. The samitis and stakeholders are asked to submit a report to [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) authorities are planning to construct a new underground passage for commuters on the eastern side of the Chhatrapati Shivaji Terminus. The decision comes nearly a decade after the first subway was constructed. Railway and BMC authorities are jointly planning another underground passage to minimise the chaos created by commuters outside CST [...] Continue Reading »
Foreign investors continue to elude Indian retail real estate sector despite it being one of the fastest growing markets in the past few years. Industry analysts blame the government’s policy regarding foreign direct investment into real estate, and particularly retail real estate, for discouraging overseas investors investing in India. Anuj Puri, chairman and country head [...] Continue Reading »
Jones Lang LaSalle has stated that real estate industry in India still has a long way to go to be a mature market. JLL says that compared to Europe or America, India is a strongly developing market in terms of new constructions. However, strong focus has to be laid on licensing, permissions, land purchasing, development [...] Continue Reading »
There has been an effort to regulate the real estate sector in India. The recent bills such as Land Acquisition, Rehabilitation and Resettlement Bill, 2011 and Draft Real Estate Bill, 2011 are testimony to that effort. While, the need to regulate the sector has been discussed at length, there are fears that the bills may [...] Continue Reading »
Gujarat is seeing rapid growth and transition in the real estate sector, which is being reflected in real estate growth in cities like Ahmedabad, Surat and Rajkot. Rajkot is witnessing growth in realty market and the residential values have been going up consistently. There has been a rise of 8-10 per cent in residential values [...] Continue Reading »
The Delhi government wants to speed up development work in unauthorised colonies. Speedy regularisation of unauthorized colonies is the first step towards this and the Delhi chief minister has set up a task force to ensure quick regularisation of the colonies. The task force will coordinate between different agencies involved in the grant of clearances. [...] Continue Reading »
Job market slump and poor increments seem to have hit the residential real estate of Chennai. According to international realty firm Jones Lang LaSalle (JLL), suburban Chennai’s residential apartment market is taking the hit with premium and luxury segment are the worst hit. Still, many developers feel that Chennai realty is better off than some [...] Continue Reading »
