Cities
In Bangalore, a new residential project – called ‘Samrudhi Rhythm’ – has been announced by real estate promoter Samrudhi Realty. The project is located strategically off Hennur road; and boasts convenient connectivity with all key destinations of the city. Aimed at mid-segment buyers, the Samrudhi Rhythm will offer a total of 200 apartments, which the [...] Continue Reading »
On Wednesday, the prevailing tension – due to auction of 117 acres of panchayat land – in village Baladkalan in Sangrur district got political, when the protest dalits received support from PPCC President Partap Singh Bajwa and BJP MP Vijay Sampla. Both Bajwa and Sampla extended their support to the protesting dalits of Baladkalan village, [...] Continue Reading »
The Ahmedabad Metro Rail project which proposes to inter-connect different areas of the city is an ambitious Rs 10,600-crore project, which is yet to take off even though an amount of Rs 565 crore has already been spent on it. The Rs 565-crore expenditure has been undertaken on the Ahmedabad Metro Rail project over the [...] Continue Reading »
Minister for Environment Thiruvanchour Radhakrishnan told the Kerala Assembly on Wednesday that the DLF Realtors issue – involving the company’s alleged violation of Coastal Regulation Act – will be investigated by a three-member expert committee. The alleged violation by DLF is linked to the company’s residential complex at Chilavanoor river banks in Kochi. During the [...] Continue Reading »
The North Delhi Municipal Corporation has carried out a survey in the Karol Bagh Zone to ascertain ‘dangerous’ buildings. The survey comes close on the heels of the collapse of Inderlok building in which 10 people lost their lives. As a part of its recent survey of perilous buildings with potential risk of collapse, especially [...] Continue Reading »
Six months after the cabinet-approved construction of five signal-free corridors to reduce Bangalore’s traffic problem, the projects have yet to be initiated. Lok Sabha elections had earlier stalled the projects, and now political apathy has prevented them from taking off. Tenders for two of the corridors – Dr. Raj Kumar Road and Old Airport Road, [...] Continue Reading »
Pune-based realty firm Darode Jog has launched a new residential project called ‘Padmanabh’ at Dudulgaon. The project is located at in the outskirts of Pune city, on the Moshi-Alandi BRT road. The Padmanabh project is laid-out in an 8-acrea land area; and will comprise 9 towers with 7-9 floors per tower. A total of 800 [...] Continue Reading »
It seems the struggling real estate sector is picking up as there is a ripple among the developers to launch new residential projects in Kolkata. A consortium of three Kolkata-based developers, Sureka Group, Merlin Group and JB Group, has acquired 100 % stake in Keppel Magus Development Pvt Ltd’s project. This acquisition was made on [...] Continue Reading »
An amount of Rs 400 crore will be raised by Ansal Properties and Infrastructure Ltd from Peninsula Brookfield Investment Managers, which is a joint venture company of Peninsula Land Ltd and Brookfield Asset management. The money will apparently be raised by Ansal properties as structured debt via the non-convertible debenture (NCD) route. With Peninsula Brookfield [...] Continue Reading »
An investigation is being demanded by 432 investors from Delhi and NCR into what they allege is a multi-crore fraud involving a residential project in Gurgaon. The project in question is the Cosmos City complex in Sector 103, Gurgaon, on Dwarka Expressway. It was launched in 2011 by Adel Landmarks, a developer firm which was [...] Continue Reading »
