Cities
Due to the increasing value of dollar, more and more NRI’s are considering to invest in Indian real estate market. Since Mumbaihas been considered the business hub of real estate in India, NRI investors are looking forward to invest in Mumbai. NRI’s consider Mumbai is the best and safe to invest as many investors have [...] Continue Reading »
Raising capitals for investing in new projects is the major concern to real estate builders. Following conventional methods of fund raising is no more a good idea. Therefore fund managers have started looking for and implementing better ways of fund-raising techniques which would offer flexible terms to investors and a choice of projects to invest [...] Continue Reading »
According to a new report, realty sector of India, which has been floating in loss and debts of builders, over past few years, seems to have begun to rise from the bottom. Aashiesh Agarwal, real estate analyst at Edelweiss Securities, expressed his views on the progress of real estate, in the report released on Wednesday. [...] Continue Reading »
The Securities and Exchange Board of India (SEBI) told the Supreme Court that the Sahara firm had no right to mobilise Rs.27,000 crore from 30 million investors through debentures without adhering to the regulatory regime. The firm raised money without complying with the regulatory regime of the stock market and listing on the bourses, said [...] Continue Reading »
Bangalore witnessed water shortage for a whole day from noon to night recently as confirmed by the Bangalore Water Supply and Sewerage Board (BWSSB). A total of 18-20 hours of power shutdown was reviewed by the water board earlier and they had planned to switch on the pumps when the power system work completes. BWSSB [...] Continue Reading »
Real estate leasing by Information Technology (IT) and IT-enabled services (ITes) sector firms have shown a downturn in Mumbai and National Capital Region (NCR) during this year. According to data shown by DTZ, an international real estate research firm, Bangalore boosted by the share of IT/ITes in the total office space transaction surging from 55 [...] Continue Reading »
The outskirt areas of Bangalore are getting more robbery and burglary prone than before. Any resident staying in the outer limits of the city need to take extra measures for his safety as police is not able to keep a strict watch on the localities. Any such uneventful incidents were common in Vidyaranyapura in north [...] Continue Reading »
As the new projects under second phase of Jawaharlal Nehru National Urban Renewal Mission (JNNURM) are being assigned to Greater Hyderabad Municipal Corporation (GHMC), old projects under JNNURM-I worth Rs 800 crore still lie unfinished. The actual deadline given was 2012 but the center gave extra time till 2014. A total of ten projects are [...] Continue Reading »
A land of about 33 guntas out of the total six acres 31 guntas was denotified recently by the Karnataka government which was acquired for the formation of the 8th phase layout at JP Nagar. However, the residents questioned the denotification and recently the State High Court took action by quashing the denotification. Earlier, a [...] Continue Reading »
The Secunderabad Cantonment Board (SCB) has taken the initiative of fixing water meters in its jurisdiction for residential customers. This initiative was taken to monitor water usage and consumption. SCB is also expecting a boost in their revenue through this venture. In the past, residents have been blaming the board for irregular and inadequate water supply. In [...] Continue Reading »
