Apartment News
Two laborers were killed and two seriously injured after a portion of a four-storey building at Rashbehari Avenue in south Kolkata collapsed. The Kolkata Municipality has informed that the portion that collapsed was constructed illegally. The Municipality also said that the owner of that property in Kolkata has extended the original single-storey building into a [...] Continue Reading »
Hiranandani group has started their real estate journey in 1981 with low cost residential housing projects in Versova. Today the group is well known for their modern and state-of-the-art property development projects in Thane and Powai. The other well known projects of the Hiranandani Group are Hiranandani Gardens at Powai, Hiranandani Meadows & Hiranandani Estate [...] Continue Reading »
In a recent study made by a real estate research firm it is revealed that the cost of properties in Delhi-NCR have increased by an average of 25 percent. Properties in Noida record the highest property inflation rate in the region, with a 48 percent increase in prices. The research was made over 40,302 residential [...] Continue Reading »
In the present real estate market scenario the home buyers are younger than they were before. Most of the home buyers buy their dream home in their twenties. Buying a second house in India is a new trend and has been recognized as a growing market in the past few years. As an investment, real [...] Continue Reading »
Ajay Piramal-backed Indiareit Fund Advisors Pvt. Ltd has raised a Rs 250 crore fund that will be invested solely in redevelopment projects of slums, old housing societies and ceased buildings in Mumbai. The real estate fund has planned to raise another Rs 200-250 crore before closing the fund in a couple of months. According to [...] Continue Reading »
Bangalore based Prestige Estates has performed better than its competitors in the industry, especially in the fourth quarter of the last fiscal. The group is a well-known developer in South India with a strong presence in Bangalore, Hyderabad, Chennai, Mysore and Mangalore. This progress happened due to the stable real estate growth in Bangalore and [...] Continue Reading »
DLF builder has planned to focus on building luxury homes and continue selling non-core assets to reduce debt. DLF, which saw a 37 percent erosion in its share price in 2011, is struggling to meet a target of selling non-core assets worth 60-70 billion rupees by 2012-13 to pare its debt. Since 2007-08, DLF’s interest [...] Continue Reading »
Two accused in Adarsh Society scam were granted bail by the CBI special court. Those two accused had been in custody since their arrest on April 3, had filed their bail applications on Monday. In the bail application the lawyer has said that all the offenses are punishable for less than 10 years and therefore [...] Continue Reading »
Several resident’s welfare associations of private colonies of Gurgaon have opposed to the idea of house tax imposed by Municipal Corporation of Gurgaon (MCG). The residents alleged that the municipal corporation does not even have its jurisdiction in their area, hence why imposing a tax. Some of the residents have written letters showing their protest [...] Continue Reading »
The Andhra Pradesh Government has given the revenue department a target of revenue collection of Rs 5,300 crore. This is 25 percent more than the total revenue collected in Hyderabad last year. The government had increased the market values of properties in Hyderabad in 2010, is keen on repeating the same this year as it [...] Continue Reading »
