Cities
The market is expecting a price correction for the larger township projects in Mumbai, as large inventory involvement in those projects may exert a downward pressure on prices. However, in a recent report by a real estate consulting firm, it is reported that the cost of residential property in Mumbai will start rising in coming [...] Continue Reading »
Surprising! Bangalore, the garden city is facing the shortage of water supply by almost four thousand million cubic meter. This clearly exposes 22 lakh people to face water scarcity every year. The geologists say that Bangalore has tough civic situations to face, since the pressure on ground water is increasing with the expansion of city. [...] Continue Reading »
The government of Delhi has banned the sale of any property in Delhi through Transfer of General Power of Attorney. This order by the government will impact the buyer, who had bought properties since October last year. This was a common mode of purchase, almost 40% of transactions are happening in this mode of transfer, [...] Continue Reading »
The Bruhat Bangalore Mahanagara Palike (BBMP) budget for year 2012-13 will be presented before end of May. The draft of budget is ready and will be presented by Mayor Venkatesh Murthy. Mayor says that this years budget will be more realistic and has promised that it won’t exceed the previous year’s budget. he has also [...] Continue Reading »
The Delhi government had given provisional certificates to around 1639 colonies during the year 2008. These certificates were issued promising the citizens to regularize the colonies completely, but till date nothing has been done. The property owners, who had bought houses in unauthorized colonies of Delhi are in a state of discontent. It has also been [...] Continue Reading »
The developers associations in Mumbai are not expecting any price cut for the properties in Mumbai. Due to the slow approval process, high input cost and the higher lending rate of funds, it is not possible for the developers to reduce the cost of properties in Mumbai. The association of builders (CREDAI and MHCI) are [...] Continue Reading »
The real estate trend of the Silicon City of India has been witnessing a drastic increase in the property prices. The real estate prices have touched the peak by about Rs. 33,000 per sqft. This property price was said to have been tagged to the upcoming apartment at the Kingfisher Towers also known as the [...] Continue Reading »
A luxurious apartment will be constructed in the place of a famous Studio in Mahalaxmi. One of the oldest studios in the city was bought by Piramal realty. In the joint development agreement with the owner of the studio, Piramal realty will construct a luxurious residential apartment in Mumbai. The total cost of the project [...] Continue Reading »
Real Estate in India needs better and capable human resources. Today, many students are choosing real estate as course of interest and to see if the industry is challenging. The recent industry report filed by leading real estate intelligence firm, Jones Lang Lasalle has debated whether career in real estate at present is apt or [...] Continue Reading »
A leading real estate company, Housing Development and Infrastructure Ltd. (HDIL), is planning to construct a township in Noida. This 100 acre villa township is going to be its first project outside Mumbai. Mr. Hari Prakash Pandey, Vice-President, Finance and Investor Relations, HDIL, has revealed that the project will be launched in another 8-10 days [...] Continue Reading »
