Cities
In spite of developers struggling with their debts in Mumbai, rentals have been soaring. Increase in rents across the city over the past few years has contributed to a record rise. Rentals in Mumbai are now at par with the highest rental rates in the world. In Andheri (East), the rent for a 3BHK apartment [...] Continue Reading »
The residential real estate index prepared by the National Housing Bank (NHB), the housing prices in 16 cities including Delhi, Mumbai, Chennai, Bangalore, Pune, and Kolkata improved in the quarter ending June 2012, compared to the previous quarter ending March 2012. The prices of residential properties in 16 cities have shown an increasing trend in [...] Continue Reading »
With NCR Planning Board has finally given its approval to the Greater Noida Master Plan and opening of Yamuna Expressway, between Greater Noida and Agra, real estate in on track in the area. With the resumption of construction at Noida Extension, good time seems to have arrived for the home buyers. It is a good [...] Continue Reading »
Developers seem to be upbeat about the prospect of real estate industry in Noida Extension. Developers such as Amrapali Group, Assotech Limited and Paramount Group have expressed that the region has immense potentiality as a real estate hub. Noida extension realty sector started with 75 developers offering a range of of 1/2/3 BHK housing for [...] Continue Reading »
The Bruhat Bengaluru Mahanagara Palike (BBMP) has started an extensive drive to collect dues from property tax evaders from the city. The civic body has begun the drive as they are taking a strict stand against tax evaders. The municipal commissioner stated that they will start to seize properties of those who refuse to pay [...] Continue Reading »
Private equity (PE) firm Red Fort Capital Advisors Pvt Ltd will reportedly invest around Rs. 200 crore in residential projects of Prestige Estates Projects Ltd. Red Fort Capital, which has about $1 billion of assets under management in India, has already invested nearly Rs. 400 crore in multiple office space development and residential projects of [...] Continue Reading »
Real estate firm Ansal Properties and Infrastructure‘s sales bookings in the first five months of this fiscal have declined by 13 per cent at Rs 1,088.8 crore compared with the year-ago period. The company had sold properties worth Rs 1,250.1 crore in the April-August period last year. The company sold 7.32 million square feet area [...] Continue Reading »
Confederation of Real Estate Developers Association of India (CREDAI) Kerala is organising the first ever state conference, ‘CREDAI STATECON 2012‘ for the builder fraternity of the state on September 8, 2012 at Kochi. CREDAI Kerala was formed in the year 2010 and has 4 chapters at Thiruvananthapuram, Kochi, Thrissur and Kozhikode and nearly 160 members. [...] Continue Reading »
In an arbitration petition filed by Tata Capital against Deccan Chronicle Holdings Ltd (DCHL) for recovery of a Rs 101 crore loan, the Bombay High Court has restrained DCHL from selling or disposing of its building in Lower Parel area of Central Mumbai. The High Court also ordered attachment of six accounts of DCHL in [...] Continue Reading »
The Standing Committee of the Nashik Municipal Corporation (NMC) presented the Rs 1,810.82 crore civic budget for 2012-13 in the general body meeting(GBM). The standing committee, while modifying the budget worked out by the former municipal commissioner, had rejected proposals to hike house and water taxes. The former commissioner had proposed 10 per cent hike [...] Continue Reading »
