Cities
Salarpuria Sattva, a leading real estate developer in Bangalore, had held a three day property exhibition, Homes for Life, from 6th July to 8th July 2012, which exhibited some of Salarpuria Sattva’s prestigious projects. The expo was held at Salarpuria Windsor Building, Bangalore. Attractive discounts were given on bookings. Banks like ICICI, HSBC, LIC, Axis, [...] Continue Reading »
The Securities and Exchange Board of India (Sebi), has banned Jaipur-based NGHI Developers from collecting money from investors and accessing the capital market. It passed orders saying that NGHI Developers India Ltd. shall immediately stop collecting money, directly or indirectly, from investors under the plans or schemes offered by it. It even opposed future launch [...] Continue Reading »
Rajkot Municipal Corporation (RMC) has decided to auction 14 properties of the defaulters in order to strengthen its property tax collection drive. The drive is to be held between July 16 and July 21. The Corporation has so far collected Rs 84.31 crore as property tax which is 28 crore more than the previous year. [...] Continue Reading »
The Lucknow Development Authority (LDA) has issued a public notice asking the builders to get a Completion Certificate once they complete the projects. The certificate is important for the builders for it is a proof to the fact that the building is proper for occupancy. Sources say that many builders candidly take completion certificate. In [...] Continue Reading »
Gurgaon will procure a new ‘signal-free’ road by 2014, developed by IL&FS Engineering and Construction Company. The firm has announced that it has won Rs 394.3 crore contract from India’s largest real estate developer DLF for construction of a road in Haryana. The 8.3 km road, starting from NH-8 to sector 55/56 at Gurgaon, will [...] Continue Reading »
Andhra Pradesh government has increased the development charges imposed on builders for construction of buildings in the extended areas of Hyderabad Metropolitan Development Authority (HMDA) by 50 per cent. On July 12, the municipal administration and urban development (MA&UD) department issued the Government Order (GO). Hereafter, builders will now have to pay 75 per cent [...] Continue Reading »
Ahmedabad may have been one of the fastest growing cities in the country but it has topped the list in terms of vacant space in shopping malls. According to a retail market report released by real-estate consultants Cushman & Wakefield, between April and June 2012, the overall mall vacancy in the city stood at 34 [...] Continue Reading »
Knight Frank Research, a property consultancy firm, analyzed residential market comprising projects with a sales potential of above Rs 30 crore in Mumbai Metropolitan Region. Their analysis shows that Mumbai real estate market for high-end homes has stagnated during financial year 2012. Absorption numbers for high-end homes in 2011-12 are estimated to have dropped by [...] Continue Reading »
The Nagpur Municipal Corporation (NMC) is geared up to check the tendency among citizens to dump garbage at places other than the designated spots and to end this night patrolling has been started to make sure the city remains clean and garbage free. As the new initiative begins, NMC officials have imposed fine on hawkers [...] Continue Reading »
As per the predictions of research firm, Angel Broking, residential volumes would grow from flat to moderate rate on a sequential basis in the June quarters of 2012. The report states that the demand is weak due to high interest rates and elevated property prices. Although the realty index is low, it is not as [...] Continue Reading »
