Cities
Land acquisition continues to be the biggest hurdle for implementing projects in Karnataka. About 389 projects will be launched in Karnataka. The Memoranda of Understanding (MoU) for those projects were signed in the Global Investors Meet (GIM). All those projects will draw an investment of Rs 3.92 lakh crore in the state. Majority of the [...] Continue Reading »
The Haryana government has to met with the anger of the residents for its new property taxes rules. The citizens are calling it a scheme to extort double tax from them. The government had announced a token Rs 1 property tax per square yard on residential properties of 250 square yards or less and apartments [...] Continue Reading »
Kolkata Municipal Corporation has sold a 2-acre plot on EM Bypass for Rs 115 crore. This is the highest price KMC has ever got for land. AHW Steels bought the land, and the construction will start in next two months. The group plans to set up a luxury residential complex in Kolkata in the land [...] Continue Reading »
Though it is found that the performance of DLF is slightly better than last quarter, they are still struggling to attract the investors. Most of their projects are still laying unoccupied due to high interest rate for funding. Most of the home buyers are looking for local builders for buying apartments in India. That is [...] Continue Reading »
Bata India Ltd has exited its real estate joint venture project at Bata Nagar in the southern fringes of Kolkata. In a joint venture with Calcutta Metropolitan Group, Bata India was constructing an integrated township project in Kolkata. The Managing Director of Bata India has confirmed that the project will be run by the partners [...] Continue Reading »
Indian GDP is driving by the Indian real estate sector. It is also playing a major role in terms of employment generator. As the population is growing, the needs for individual apartments are increasing in India. But simultaneously, the increasing population is becoming a threat to the natural resources. To preserve the natural resources and [...] Continue Reading »
The reality of real estate in Mumbai is covered by high prices, low rentals, no absorption, falling demand and an overheated market. The demand and absorption rate of office space in Mumbai is sluggish for a long time. Though there are few high scale of sale is happening in the office space section, the overall [...] Continue Reading »
The Confederation of Real Estate Developers Association of India (CREDAI) appealed to the Prime Minister to intervene in the real estate regulatory bill, so that the regulation will be able to prevent the inflow of black money into the realty sector. According to the president of CREDAI, 20 years back Manmohan Singh, as the Finance [...] Continue Reading »
BESCOM will help the BBMP to identify all the properties in Bangalore, which will help BBMP to find out all the property tax defaulters in the city. The BBMP will collect data available with BESCOM, based on electricity meter connections. BBMP has estimated that there are more than 22,000 apartment buildings in Bangalore with more [...] Continue Reading »
Rich customers with posh homes in Delhi, or Rs 50 crore apartments in Mumbai, luxury is no longer just about indulging in decorating the living room or bedroom. They are investing a large amount of money for decorating their bathrooms as well. Rich clients with a luxurious apartment are also willing to spend up to [...] Continue Reading »
