Cities
The hospitality industry in India is witnessing increasing number of private equity investments in various projects. In 2010, the industry saw only five private equity deals with a cumulative value of $156 million. By 2011, the deal amount grew to $299 million and during the first five months of 2012, hospitality industry has raised $121 [...] Continue Reading »
Vivarta Maagan, a residential apartment in Bangalore developed by Daya MK Developers Pvt Ltd. Kamanahalli is a prime location in Bangalore town and traveling to and from Kamanahalli is easy. Nice road connect to all major areas including Electronic City, Hosur Road. Connecting to Mysore Road is less than 2 KM which is in the [...] Continue Reading »
Princess Tower in Dubai has been recognized by Guinness World Records as the world’s tallest residential building. It is 107 storey tall luxurious residential complexes in Dubai. Measuring 414 meters from base to tip, the tower comprises six basement floors, a ground floor and 100 above-ground residential levels. The tower is constructed over an area [...] Continue Reading »
Maangalya Prosper is constructed in the midst of the Anjanapura Township. The township is one of the largest layouts formed by the Bangalore Development Authority. It is constructed in 4 acre of land. 274 apartments were constructed in two blocks under this project. There is more than 80000 sq ft space available for lovely landscaped [...] Continue Reading »
The NCR Planning Board has recently approved a new Master Plan 2031. There is a lot of scope for infrastructural, residential and commercial development like widening of roads with elevated structure and underpasses, flyovers, greenery, high rise buildings, hotels, major Metro and road linkage projects to ease traffic, etc in the new plan. According to [...] Continue Reading »
Realty sector in Bangalore is facing a tough time as IT industry demand goes down. The absorption rate of office spaces are dropping across India’s seven largest cities. Uncertain economic conditions coupled with the euro zone crisis leads to this situation in the Indian real estate sector. Demand from IT/ITES sector has dropped from the [...] Continue Reading »
It is found that there are no takers for nearly 1.1 million sq ft, or 11 lakh sq ft of ready office space in Mumbai’s commercial property market. The high vacancy in turn, has put pressure on commercial rental rates. In uncertain economic conditions companies are staying away from leasing space, which leads to the [...] Continue Reading »
Haryana Urban Development Authority (HUDA) has decided to construct the Sohna Road in Gurgaon. The Sohna Road is a 6-km stretch road starting from Rajiv Chowk till Badshapur. HUDA had sanctioned funds amounting to Rs 48.53 crore for the project. The government handed over the project to PWD’s (B&R) Haryana State Road Development Corporation (HSRDC). [...] Continue Reading »
Minister of State for Transport in Maharashtra was arrested for alleged involvement in a housing scam related to construction of 11,000 low-cost houses in Jalgaon, north Maharashtra. Construction tender was floated by the Jalgaon Municipal Council in 1997 for the housing scheme. It promised to provide nine plots for the project. It was found later [...] Continue Reading »
The US private equity firm Blackstone has planned to invest in different real estate projects in India. As an initiative the private equity firm wants to buy the two special economic zones in Gurgaon and Noida and an IT park in Kolkata in a deal worth over Rs 3,000 crore from Unitech. Unitech has been [...] Continue Reading »
