Community
MHADA has sold 11267 flat in Mumbai through lottery in last three years. It is found that still 5505 flat owners are waiting for getting the possession of the flats. MHADA had announced the results of another lottery, though; none of the winners of the 2011 lottery have managed to get the keys to their [...] Continue Reading »
Real estate in India has become a trend of non-performing asset classes. Real estate has outperformed equities, currency and bonds by a wide margin. It is noticed that the factors that go into driving real estate prices are definitely negative and will continue to remain negative going forward. The factors include lending rates and terms, [...] Continue Reading »
Emaar MGF Land Limited has raised $404Mn through a private placement of bonds. The funds raised will be used to redeem fully convertible debentures and to repay accumulated premium. The Emaar MGF is also planning to sell few of its land parcels to reduce debt which stand around R4100Cr. The real estate group has developed [...] Continue Reading »
The Delhi government has planned to lift the restrictions on sale and purchase of properties in over 1,200 unauthorized colonies. The regularization process of the unauthorized properties in Delhi has started, and once it is completed, there will be no obligation in Sale and purchase of properties in those colonies. Almost 40 lakh people are [...] Continue Reading »
Aisshwarya Group has over 17 years of experience in the construction business. Since the inception in 1996, Aisshwarya Group has experienced significant growth and gained numerous industry accolades, a tribute to their constant and continuing focus on innovative architectural design and the meticulous standard of finish and workmanship. The group controls every aspect of the [...] Continue Reading »
Hyderabad is witnessing an all time low water shortage scenario and the city’s water tankers are also in a dry situation over the same. From past one week, the consumers are unable to reach the water board’s ‘Dial-a-tanker‘ number and even private water tanker owners are giving it a miss as they are unable to [...] Continue Reading »
The West Bengal Government has legalized the sale of housing land in the satellite township of Salt Lake on the eastern fringes of the city. According to the legalization plan, the leasehold plots will be made into freehold ones following the payment of a transfer fee of Rs 5 lakh a cottah. The decision will [...] Continue Reading »
The new hike in electricity bill has surprised the residents of apartments in Gurgaon, since they were not expecting it due to the frequent power cuts. The power cuts in the city were observed for more than 10-12 hours. Even the domestic security deposit has increased from Rs. 1,000 to Rs 1,500. Now, the residents [...] Continue Reading »
The Bangalore Development Authority (BDA) has decided to take up development works in the HBR layout at Rs13.65 crore. The authority will spend the amount for construction of better roads, drains and culverts. The BDA has also proposed that the development works would be completed within three to four months. They are planning to construct [...] Continue Reading »
New residential project Maangalya Suryodaya in Marathalli is launched by the Maangalya Developers. 2BHK and 3 BHK apartments are available in this residential project. Total 101 apartments will be constructed in 10 floors of 3 blocks. The project site is at premium location of Marathalli. It is well connected to the entire Bangalore by the [...] Continue Reading »
