Cities
Sopan Baug, located in Central Pune, is one of the classy residential areas of the city. The area is in proximity to Pune Cantonment area and thereby is a secure place to live. It is also considered to be the best area for residence since it is in the vicinity of the city center, CBDs [...] Continue Reading »
The Greater Hyderabad Municipal Corporation’s (GHMC) efforts to begin property tax collection from the beginning of the financial year have been delayed. GHMC has not even started to send demand notices to the property owners when it has to actually start collecting a penalty for delay in paying tax for the first half of the [...] Continue Reading »
A leading Indian realty firm, Synergy Property Development Services Ltd, bagged a $153-million township development project in the central African country of Rwanda. The firm bagged the township project through international bidding. As a global project management consulting and turnkey solution provider, the Bangalore-based Synergy will undertake design and project management of Rwanda Social Security [...] Continue Reading »
According to the recently released ‘White Paper on Black Money’ by the Union government, real estate is the highest contributor to the total black money generated. Depending on the parties involved and the transaction type, the ‘black money rolling’ percentage within the sector is much higher at around 30 per cent. On an average, the [...] Continue Reading »
Gowri Shankar Gupta, a prominent realtor, has been arrested on 22nd June in connection with a criminal case filed by construction giant DLF. He was called for questioning and subsequently arrested, in accordance to a pending case of cheating Hyderabad Metropolitan Development Authority (HMDA). Soon after his arrest, the accused complained of chest pain and [...] Continue Reading »
The Greater Hyderabad Municipal Corporation (GHMC) has been looking for aid from corporate world to groom the city for the International Biodiversity Conference to be held in October. The Central Government’s refusal for support has paved way to this act of GHMC. Many leading companies including L & T, Nagarjuna Constructions, State Bank of India [...] Continue Reading »
Many real estate developers are entering the educational sector as many international schools in the city are run by one realtor or the other. For instance, Prestige Group promotes Inventure Academy, Mantri Developers is among the trustees of Indus International, Salarpuria Sattva has taken over Greenwood High, Gopalan Group runs Gopalan International School, and many [...] Continue Reading »
DLF’s Mumbai land sale deal has captured strength as three buyers are in advanced stages of negotiation. Sources said that the deal may close in the next couple of months. Three major developers including Oberoi Realty, Lodha Developers and Runwal Group are currently negotiating the deal. The deal is likely to range between Rs 2300 [...] Continue Reading »
According to a study by credit rating agency, CIBIL, home loan enquiries increased by more than 18 per cent in the first quarter of 2012. This shows that demand for home loans have increased as more consumers are seeking home loans. Home loan enquiries have more than doubled from first quarter of 2007 to third [...] Continue Reading »
ASK Group’s realty private equity arm ASK Property Investment Advisors said it has raised a real estate fund of Rs 1,000 crore. ASK Group collected money from high net worth individuals (HNIs) and Ultra HNI investors across 10 cities in India in a partnership with private banking arms of institutions such as ICICI Bank, Future [...] Continue Reading »
