Cities
The BMC has made an attempt for the betterment of senior citizens, by framing a special policy which will be executed from October 1, observed as International Day for Senior Citizens. A new committee for the welfare of senior citizens will be formed. The Federation of Senior Citizens Organisations, Maharashtra (FESCOM) has presented a proposal [...] Continue Reading »
The Mumbai apartments sale in the financial year 2012 dropped by more than 60% from its peak in 2007 and 35% from 2011. The city’s real estate market has stagnated with only 45,000 apartments sold in the Mumbai metropolitan region (MMR) during 2011-12, well below the market average of 80,000 units annually. A report released by Knight Frank research [...] Continue Reading »
The Anti-Corruption Bureau (ACB) will be inquiring Niranjan Hiranandani, the co-founder of Mumbai-based Hiranandani Group, with regard to a criminal complaint case filed against him in connection with suspected irregularities in a housing project. A special court has directed the ACB, while hearing the complaint filed by activist Santosh Daundkar against Hiranandani, for allegedly cheating [...] Continue Reading »
At the BBMP Budget session on Wednesday, Mayor of the Bruhat Bengaluru Mahanagara Palike, D Venkatesh Murthy, announced that all 198 corporators should take up an ‘andolan’ to ban plastic in their respective Wards. He added that whoever is successful in this campaign will be rewarded with Rs 1 lakh. Though the Palike had taken [...] Continue Reading »
Realtors are reducing their staff as debts loading and sales decline while there is no remarkable improvement observed on fresh projects for the past one year. The heat is mainly on the marketing and sales teams of several real estate firms and their situation is pathetic. Since the number of new projects has reduced due [...] Continue Reading »
Century Real Estate, one of the leading realty players of Bangalore, is likely to buy at least half the investment from Fortress Capital, a global private equity fund that had invested about $100 million in 2007. The company is one of the largest land-bank owners in Bangalore. It had embarked into developing various commercial and [...] Continue Reading »
A three-storeyed building which was under-construction collapsed at M K Layout in Garudacharpalya 4th Main Road on Wednesday morning. A contractor, Mohan Nayar, was buried alive in the disaster while three children, who were playing in the basement area, luckily escaped. It is suspected that some more persons may have been trapped under the debris. [...] Continue Reading »
“Water’s Edge”, the signature residential project of Equinox Realty, the real estate arm of Essar Group, will be developed in the northern periphery of Bangalore. The project will be developed across 8 acres, and will comprise five 40-storeyed towers, which will be among the tallest buildings in the city. The project is located on the [...] Continue Reading »
The experience of buying a house for the first time is almost the same with every individual. Price and connectivity over location are the top two buying considerations, for first time home-buyers. Most of the buyers set out to buy a home with the average budget of up to Rs. 40 lakh. But since the [...] Continue Reading »
A workshop was organised by Embarq India, a not-for-profit enterprise of the World Resources Institute (WRI), in which town planners, architects, mobility experts as well as developers discussed the concerns with regard to sustainable mobility and infrastructure within special residential zones (SRZs) that are coming up in the city outskirts. According to the Confederation of [...] Continue Reading »
