Apartment News
Prestige Mayberry, a new villa project at Whitefield, was launched by Prestige Group. The project is constructed over 20 acres of land where 166 villas of different sizes varying from 2483 Sq.ft. to 3589 Sq.ft are available. The project brings lavishing state of the art villas within the abundant green environment which is quiet soothing [...] Continue Reading »
The Confederation of Real Estate Developers’ Association of India (CREDAI) has appreciated the Ahmedabad pattern of town planning for well-planned urban development. The builders association also proposed the Maharashtra government to implement the same pattern adopted by the Ahmedabad town planning authority. A proposal on the issue has already been sent to the President of [...] Continue Reading »
The government is taking strong position against the illegal constructions in India. In a recent incident, the Noida authorities have put a halt to work on four housing projects of Logix Infratech Pvt Ltd citing violation of building laws. Thousands of apartments in Noida were constructed at Sectors 150, 147 and 137 by Logix group, [...] Continue Reading »
The Gujarat government has planned to drastically reduce the impact fee. The impact fee is a registration charge for legalizing illegal structures in the state’s urban areas. According to sources the state urban development department has decided to fix a “nominal fixed value” for regularizing illegal properties in Ahmedabad and other cities by charging the [...] Continue Reading »
The Industrial Industries Association (IIA) of Meerut is demanding to locate the industrial area around the proposed outer ring road under the Meerut Master Plan 2021. The proposed industrial park lies on the Delhi-Meerut highway. At present the industrial clusters are scattered all over Meerut. The government has found that as the industries are scattered [...] Continue Reading »
About 15% of total houses in Gujarat are empty. Leading the pack of cities, properties in Ahmedabad and Surat has maximum number of vacant houses. A large number of these units belong to investors, who buy houses and exit after booking profits. Usually, about 7% houses remain vacant in Indian cities. In Ahmedabad, a large [...] Continue Reading »
Bombay Realty, a part of Bombay Dyeing and Manufacturing Co. Ltd, has planned to contribute more than half of its revenue towards the development of properties in Mumbai and retiring the group’s high-cost debt. The group has nearly 10,000 acres of land, including 700 acres in Mumbai alone. The lands which are there in Mumbai [...] Continue Reading »
The Union Ministry of Housing and Urban Poverty Alleviation is in the process of finalizing the brand new affordable housing policy for residents of India. According to sources it may take another two months to complete the process of formatting the bill. The government had already allowed external commercial borrowing for low cost houses in [...] Continue Reading »
In a report by a global property consultancy firm it is came to know that Hyderabad, Chennai and Pune are among the top five cities in the world with the lowest office occupancy cost. Total occupancy cost includes real estate price, infrastructure and efficiency of buildings. Costs have come down in these three cities because [...] Continue Reading »
It is a known fact that property in rapidly-developing cities as Bangalore will find demand across all price points. At this point in time, moving funds from riskier equity-based investment avenues to the stable realty space is an option worth considering. Just as in the case of equity, property too is a medium to long-term [...] Continue Reading »
