Cities
The much-awaited Santa Cruz Chembur Link Road (SCLR), which was delayed by 11 years, by breaking 11 coconuts and burning incense sticks, was finally inaugurated by the MMRDA officials recently. Due to election code of conduct politicians were missing from the inauguration, MMRDA quickly completed the ceremony and opened up the link road. Direct connectivity [...] Continue Reading »
In Q1 2013, a net absorption of 189,600 sq ft was recorded in Ahmedabad, whereas in Q1 2014, the city posted 607,500 sq ft absorption. The figures are quoted from a study by Cushman & Wakefield. The absorption was concentrated in of Gandhinagar (66 per cent), Prahladnagar (25 per cent) and Sarkhej-Gandhinagar Highway (10 per [...] Continue Reading »
Santacruz Chembur Link Road (SCLR) project which is 3.5km long will be opened for motorists on April 18, 8 am. Mumbai Metropolitan Region Development Authority (MMRDA) will also open the 1096-metre-long Amar Mahal flyover which connects SCLR to Eastern Express Highway, along with the SCLR. UPS Madan, MMRDA’s metropolitan commissioner, the entire stretch can be [...] Continue Reading »
As per Masanori Nakano, the Japanese Consul-General, the comprehensive integrated master plan for development of Chennai Bangalore Industrial Corridor (CBIC) will be ready by March next year. Speaking to the gathering on the silver jubilee celebrations of Indo-Japan Chamber of Commerce and Industry (IJCCI) in Chennai, he said that the number of Japanese companies in [...] Continue Reading »
A report by JLL India, an international property consultancy firm says, when it comes to luxury homes units priced above Rs 5 core, Bangalore is setting benchmarks to emerge as the country’s top luxury home market. According to the report ,some of the factors that are fuelling Bangalore’s rise to the top are Quality of [...] Continue Reading »
The demolition order of two 40-floor under-construction towers of Supertech Emerald Court in Noida by the Allahabad high court has brought relief and joy to the petitioners. It would set an example for other unscrupulous builders and discourage them from taking innocent home buyers for a ride said the petitioners who are members of the [...] Continue Reading »
A new analysis of 12 global cities based on a range of indicators has ranked Mumbai with Moscow and Rio de Janeiro where residential real estate investment yields lowest returns and has named London and New York as the top international cities. ’12 Cities’, a report by Savills, a London-based realty major, categorize cities on [...] Continue Reading »
The Housing Infrastructure Development Corporation (Hidco), a government company under the Companies Act, has become one of the first amongst government undertaking companies to come up with a number of CSR activities that they will implement following the decision to make it mandatory for all companies to satisfy certain criteria to invest 2% of its [...] Continue Reading »
Precious forests land of Hundreds of acres has been lost to illegal farmhouses. In south Delhi’s Asola-Bhatti wildlife sanctuary, the forest department has found at least 15 sprawling farmhouses and other such structures. The sanctuary acts as house to more than 250 species of plants, 200 species of birds, 150 species of butterflies and 10 [...] Continue Reading »
For 2013-14, The Bangalore Circle of State Bank of India (SBI) has crossed Rs 14,800 crore in home loans depicting 20% growth in sanctions during the year. Against Rs 4,000 crore in the previous fiscal, for the year, the Bank has sanctioned Rs 4,800 crore in home loans. Ashwini Mehra, chief general manager, SBI alleged [...] Continue Reading »
