Cities
Prasanthi Group is coming up with three projects in Bangalore. The three projects are – North Park, Narendra Krishna Enclave and N K Park Ville. Prashanthi North Park spreads over an area of 43 acres and is located close to National Highway-7. It is a competitively priced project which has a grape garden and landscaped [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) plans to categorise all potholes that have been reported as severe, medium and low priority. The prioritisation will depend upon the traffic density of the road on which the pothole is located. BMC officials state that it has decided to do so to ensure potholes on busy roads are filled at [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) has decided to revoke the 10 per cent water cut from September 15. It comes as a welcome gift to Mumbaikars just before the Ganesha festival. The BMC officials state that they have enough water stock required to supply water to the city residents till next year. With the Ganesha [...] Continue Reading »
Real estate consulting firm Knight Frank in their latest report entitled ‘Economy & Realty @ Glance’ for August 2012, has stated that banking institutions have cut down on their lending to the Indian real estate sector. The report says that the waning interest of the banking sector towards commercial real estate lending has been reflected [...] Continue Reading »
Motilal Oswal Private Equity Advisors Pvt. Ltd plans to raise around Rs.500-600 crore to invest in residential projects in large cities. This new fund will be Motilal Oswal’s second in the real estate space. It had earlier raised Rs.200 crore under the India Realty Excellence Fund (IREF) in 2009. This time around, Motilal Oswal wants [...] Continue Reading »
ASK Property Investment Advisors, the property fund arm of ASK Group, plans to launch a $200 million (Rs 1,100 crore) international realty fund next month. When it launches the fund, ASK will join the league of HDFC, IDFC, IL&FS, Indiareit, Kotak and Tata Realty & Infrastucture, which are planning to launch foreign realty funds. ASK [...] Continue Reading »
Godrej Properties Ltd has declared that it has sold the first phase of its housing project comprising 695 flats in Gurgaon in a single day. The Mumbai-based real estate developer had launched the 21- acre housing project in Gurgaon comprising 1,200 flats on 11th September. The project has an investment of up to Rs 600 [...] Continue Reading »
Federation of Noida Residents Welfare Association (FONRWA) has written a letter to Noida Chief Executive officer demanding conversion of leasehold to freehold and raising other unresolved issues. FONRWA says that although state government had introduced conversion to freehold and all housing boards, including Ghaziabad Development Authority, Noida authority officials were not implementing the conversion in [...] Continue Reading »
International property consultant Jones Lang LaSalle has stated that India and China are leading the list of top 20 destinations with the strongest retail real estate momentum. The shopping centre stocks in these countries are projected to grow by around 15 per cent per year until 2020. However, the firm states that India falls short [...] Continue Reading »
Developers launching apartments in Bangalore are trying to differentiate their residential projects. While most of them resort to differentiating on the basis of designs, layout, theme, furnishing and different finishing for floor, walls, roof etc., some are now trying to innovate on the basis of social distinctions. Some developers are providing newly affluent home buyers [...] Continue Reading »
