Cities
Investment in the real estate sector has decreased due to the political uncertainties, elections and due to changes in the regulatory framework. As Mumbai continues to suffer the most, the 2014 situation of National Capital Region (NCR) of Delhi and Bengaluru is still better, comparatively. In 2013, investments in land witnessed 61 per cent decrease [...] Continue Reading »
According to Knight Frank’s Prime Asia Development Land Index, the economic capital witnessed maximum appreciation in prime residential development land. The index takes into account the cost of prime residential development land in 13 major cities across Asia that consists of NCR, Bangalore and Mumbai in India and determined that the Southeast Asian cities witnessing [...] Continue Reading »
Honda Cars India, headquartered in Japan, might set up its plant in the country in Gujarat, sources said. Two-wheeler maker Honda Motorcycle and Scooter India (HMSI) following this will be setting up a plant in the state. “Honda Cars looking for a 250-acre land parcel had already visited a site in Vithalapur. However the company [...] Continue Reading »
The Kanpur Municipal Corporation (KMC) is set to take over one dozen colonies developed by KDA more than 20 years back and had asked the authority to pay Rs 66 crores. KMC and KDA jointly surveyed to witness the basic facilities in the colonies. The KMC executive engineer said that in those colonies roads were [...] Continue Reading »
IL&FS Engineering and Construction Company Limited have received a Letter of Intent (LoI) from Ireo Private Limited for construction of its luxury residential project ‘Gurgaon Hills’ located at Sec-02, Gurgaon, Haryana. The Rs 175.80-crore contract is to be completed in 39 months. The ‘Gurgoan Hills’ luxury residential project has Six Towers (20 to 26 Storey) [...] Continue Reading »
The strategy of City-based developers to market large-scale housing projects is seemed to be working. A theme-based project Purva Palm Beach in Hennur is launched by Puravankara Projects through an IPO-like book building mechanism. To sell its inventory of over 1,400 apartments in the Republic of Whitefield project, an Air Asia-like seat pricing method is [...] Continue Reading »
Twenty agencies met the high rank officers CIDCO regarding the regarding the global bidding for the Navi Mumbai International Airport (NMIA) project. The project is estimated to be worth Rs 15,000 crore. Mr. Sanjay Bhatia, Cidco vice-chairman and managing director, told the head of the agencies that there will be no air traffic constraints on [...] Continue Reading »
The road trip to Udaipur will now be costlier because the NHIA has increased the toll tax on Udaipur-Shyamalaji-Ahmedabad by Rs 5 to Rs 20 for different category of vehicles. An official announcement regarding this was made recently. The average increase in the monthly expenses for vehicles that use the expressway is estimated to be [...] Continue Reading »
Following the petition from the Aam Aadmi Party, the Dakshina Kannada deputy commissioner suspended a steep toll rise on Mangalore-Bangalore highway. Mr. AB Ibrahim, Deputy Commissioner, says that he had directed Brahmarakootlu toll both officials that they should not charge commuters the revised fee. He also informed the director of National Highways Authority of India [...] Continue Reading »
The Olympia group, well known for developing residential and commercial spaces in Chennai and Kolkata, has now launched a new project Enchante in Bangalore. This project has 26 Villas in more than 4.5 acre land and is located behind Forum Value Mall. Mr. Ajit Chordia, managing director, Olympia group, says that they believe Bangalore is [...] Continue Reading »
