Cities
The country’s largest manufacturer of hydraulic, industrial and automotive hoses, Polyhose India has gained 86 acre land parcel which earlier belonged to Presidency Kids Leather, nearby Chennai. Under the SARFAESI Act the land was acquired through an auction conducted by Syndicate Bank. The deal size is said to be close to Rs 100 crore, including [...] Continue Reading »
The Bombay high court have granted stay of execution to an under-construction high-rise at Worli Seaface, the Sea Green housing society that had come under the scanner over alleged Adarsh-like violations for not obtaining CRZ approval and consuming extra FSI. In an interim order last week a division bench of Chief Justice Mohit Shah and [...] Continue Reading »
Recently Motilal Oswal, Real Estate Investment Advisors, said, it has invested Rs 100 crore in residential projects – one near Mumbai and two in Bangalore. The company said in a statement, in the distant suburb of Ambernath the company closed its maiden investment from the India Realty Excellence Fund II in a forthcoming residential project [...] Continue Reading »
In Faridabad, for establishing a 450-bed super-specialty hospital, Land use has come under the scanner of the Supreme Court, which requires an explanation on a petition alleging that the five-acre of land on prime Delhi-Mathura highway was being used in contravention of the terms of the lease by Harayana government. For seeking response within four [...] Continue Reading »
Over the last two years, in Mumbai, values of land, which are used for development of residential projects, have appreciated by almost 35.2 percent mainly due to change in norms and increase in property prices, a recent survey said. Knight Frank conducted a survey of 13 top Asian cities on the parameters of values of [...] Continue Reading »
For the first time in seven years, private investment in highway projects has declined, as per the data compiled by the highways ministry till February it has been witnessed a dropping in 2013-14 as compared with the all-time high of2011-12. Projects for 1,116 km were awarded whereas construction was done over 1,661 km which is [...] Continue Reading »
More than 90 flat buyers in an under construction building at Vasant Lawns complex claims that they have been cheated by the builders as they deposited 70 percent of the total cost. They blamed that the Sheth Developers are delaying the possession of the flats. The buyers have formed an association to fight against developers. [...] Continue Reading »
In 2012 a 1,000 sq ft house which was available at Rs 13,000 for an average monthly rent has now increased its rent to approximate Rs 16,000 per month by the end of 2013.As per data one can estimate an increase of 20 percent in its value and the demand of the locality too. Yerwada [...] Continue Reading »
A person familiar with the plan told that there is a possibility that banks will be ordered to scrap penalty on pre-payment of all retail and small corporate loans and do away with fines for failure to maintain minimum balance if the recent ‘nudge’ does not work by the Reserve Bank. Since the entire system [...] Continue Reading »
For both potential buyers and investors, real estate has come forth as one of the most aspired sectors.Due to the fact that there is always been major demand which keeps these investment attractive. Realty prices have increased so much in Delhi/NCR region and the delusion of owning a house has appeared to spiral out of [...] Continue Reading »
