Cities
In a recent land audit, it is calculated that Karnataka Housing Board owns unaccounted property worth over Rs 1,000 crore. In the audit it is also pointed out that those 18,000 properties in Bangalore are not registered in the asset register of KHB. The government has planned to distribute the newly identified assets to the [...] Continue Reading »
The Kerala municipality has planned to frame out the city master plan for the Kozhikode Corporation. The comprehensive master plan for the development of the city will be framed out by the end of June. Experts from the National Transportation Planning and Research Centre (NATPAC), Center for Water Resources Development and Management ( CWRDM) and [...] Continue Reading »
The Gujarat State government has approved the Town Planning Scheme for Surat. The Surat Municipal Corporation had sent various Town Planning Schemes for approval to Gujarat Government and suddenly 12 of them got final approval from Gujarat Government. Town Planning Schemes are made to organize the city development and ensure bigger roads and lots of [...] Continue Reading »
A five star hotel Shangri-La at Lower Parel was constructed without the environment clearance. It is also claimed that the 39 storey hotel was constructed on the partial premise of High Street Phoenix. The Ministry of Environment and Forest’s state expert appraisal committee has visited the construction site recently and confirmed that the structure has [...] Continue Reading »
The cost of commercial properties in Ahmedabad has started sliding down. The office spaces are getting sold at 20 percent less price than the present market rate. The supply of the commercial property space has increased to 30 lakh sq ft. As the real estate investors are exiting the market, the cost of the properties [...] Continue Reading »
Real estate in Pune is reported as favored destination amongst Real Estate PE funds since 2005.Most of the funds are based out of Mumbai, which gives Pune obvious preference, as the city’s proximity allows these funds to track and monitor the market. The interest in investing in Pune market is increasing, as it is among [...] Continue Reading »
High Net worth Individuals are attracted by the high end real estate market in Bangalore. The launch of premium segment apartments in Bangalore are increasing as the demand for luxurious homes above Rs 1.5 crore is increasing. Some of the key luxury projects launched in 2011 includes Nitesh Logos at MG Road, Four Seasons’ CityView [...] Continue Reading »
A consumer forum in Faridabad has ordered the Real estate developer Triveni Infrastructure to refund Rs 6 lakh to one of its customers. The customer had booked a flat in a township project at Faridabad. even after four years of the booking, the customer is still waiting for the possession. The forum has found the [...] Continue Reading »
The other cities in India are getting larger share of business investment than Bangalore. Poor infrastructure, high crime rate and cost of living index reduces the attraction of many investors. Cities like Hyderabad, Chennai, Pune and NCR are gaining good traction among MNCs, as the real estate rentals in Bangalore are higher than what it [...] Continue Reading »
The Value & Budget Housing Corporation (VBHC) has planned to launch six budget housing projects in the country by the end of this year. The group has planned to construct two residential projects in Mumbai, two projects in Delhi and one project in Bangalore and one in Chennai. The first project in Bangalore by the [...] Continue Reading »
