Cities
In the wake of scanty rains and below average lake levels, Mumbaikars are asked to use water sparingly while celebrating the festival of dahi handi. The Brihanmumbai Municipal Corporation (BMC), which has enforced the 10 per cent water cut since July 1 following poor showers and waning lake levels, has appealed to residents to use [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC)’s cloud seeding plan is getting delayed, as it is yet to receive the feasibility study on the project. The civic body’s had already asked the India Meteorological Department (IMD), the Indian Institute of Tropical Meteorology (IITM) and Mekorot, an Isareli company, which is an expert in cloud seeding experiments, to [...] Continue Reading »
The data shared by Cushman & Wakefield (C&W) shows that the capital values of residential property in Ahmedabad has been slower than anticipated. Even the posh areas in the city — Satellite, Vastrapur, SG Highway, and Prahlad Nagar — have grown at an mediocre seven per cent in the last 12 months ending June 2012. [...] Continue Reading »
Sobha Developers’ most valued land parcel in the heart of the Bangalore city has finally got a blue print. The Bangalore-based developer’s 2-acre marquee property, located on the Church Street- St Mark’s Road junction has been revealed to be developed into office cum shopping mall. As per declaration, Sobha is developing the property and has [...] Continue Reading »
Bangalore developers are performing much better than their counterparts in the rest of India in terms of sales and aggressive project launches. As per the books, Shobha Developers and other leading realtors are in better position than their counterparts in other metros. Although Bangalore-based real estate firm Brigade Enterprises Ltd’ s numbers contrast with Shobha’ [...] Continue Reading »
Sobha Developers Ltd posted a 73 per cent rise in net profit to Rs.45 crore for the June quarter. It sold 25 per cent more space at sharply higher prices in its key market Bangalore. Revenue rose 57 per cent over a year ago to Rs.433.2 crore. The realty firm sold 835,600 sq ft. of [...] Continue Reading »
American property mogul Donald Trump‘s maiden real estate project in India is launched in Pune. Developed by Pune-based Panchshil Realty, ‘Trump Towers Pune’ is a residential project, which will mark the entry of the ‘Trump’ brand of luxury into the domestic real-estate market. With approvals ready and construction already started, the project is expected to [...] Continue Reading »
West Hyderabad has become one of the fastest growing areas in the city in terms of IT development, increase in capital values and infrastructure growth. The areas like Madhapur, Kukatpally, Miyapur, Banchupally have generated robust demand due to the presence of IT professionals, good connectivity and IT parks nearby. Apart from these areas, Banjara Hills, [...] Continue Reading »
The 2,750 acres of land in Bangalore North was acquired by Bangalore Development Authority to form Arkavathy Layout about nine years ago. Despite the fact that allotment of the site is yet to be completed, high-end villas, villaments and row houses have come up all around Arkavathy. The private developers have been showing interest to [...] Continue Reading »
DLF, the country’s biggest real estate developer, has been on the road to sell off its non-core assets for few months now. On Tuesday the developers revealed that it expected to close sale of three non-core assets, which will cut its debt by about 5,000 crore, by the end of the current fiscal. The sell-off [...] Continue Reading »
