Cities
Real estate player Prozone CSC, earlier a subsidiary of Provogue India Ltd, will be listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on September 12 as an independent entity. Prozone CSC Ltd has gone through the demerger process duly approved by the Mumbai High Court and is scheduled to be listed as [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) has decided to disallow fixed glass sheets on facades. The decision has come on the wake of last week’s blaze at a commercial building in the Bandra-Kurla Complex (BKC), where the firemen found it difficult to access the affected portion from outside in case of buildings with fixed glass facades. [...] Continue Reading »
In an anti-encroachment drive, the Greater Noida Industrial Development Authority flattened houses occupying nearly 40 acres of government land valued around Rs 2,000 crore. The Authority’s anti-encroachment cell, along with the Gautam Budh Nagar sub-divisional magistrate (Dadri) and district police, removed unauthorised occupations from a green belt running adjacent to Haibatpur. Around 3,000 illegal structures [...] Continue Reading »
Global property consultancy services firm Knight Frank states that Indian property market is expected to remain stable in the near future. As compared to falling realty market in European countries, Indian market has been predicted to have a smooth ride. Even as prices in some of the international markets may fall 10-20 per cent in [...] Continue Reading »
Luxury homes and the entry of retail and hospitality options have transformed the suburban areas of Puneinto lifestyle locations. Bhugaon, in Mulshi taluka, Pune district, a developing area, speaks the story of real estate potential. The erstwhile pristine place draws demand primarily due to its affordability. In comparison to other suburbs like Kothrud and Bavdhan, [...] Continue Reading »
Kompally in the suburbs of Hyderabadnear National Highway-7 is growing in real estate front. It is situated just 10 kms away from Secunderabad and offers premium properties at affordable values, which is putting the realty spotlight on it. Comparatively easy availability of land parcels for residential development has attracted developers. Kompally real estate values is [...] Continue Reading »
Farmers of villages along Noida Extension has vented their anger against developers and demonstrated against construction. The farmers have alleged that the Greater Noida Authority has not carried out its part in providing 10 per cent developed plots and 64 per cent hiked compensation to the farmers. They complained that the issue of abadi land [...] Continue Reading »
Vasai located in western suburbs of Mumbai is an emerging real estate centre with demand and supply of both residential and commercial sectors are on a rise in the vicinity. The suburb’s connectivity to Mumbai central business districts (CBD) and availability of affordable capital value apartments drive the demand in the area. There has been [...] Continue Reading »
The Mumbai Metropolitan Region Development Authority (MMRDA) eyes to ensure full utilisation of four floor space index (FSI) for its land-buyers in business hubs at the Bandra-Kurla Complex (BKC) and Wadala, so that more revenue can be earned. The MMRDA has requested the Canada-based International Civil Aviation Organisation (ICAO) to study the scope of raising [...] Continue Reading »
Residential localities in East Kolkata such as Rajarhat, New Town Action Areas are becoming sought after areas for home buyers. Particularly, residential demand is generated by the middle income home buyers in the localities. Currently, average value of multi-storey apartments in eastern localities of Kolkata falls between Rs 3,500-5,500 per sq ft. The maximum demand [...] Continue Reading »
