Community
It is recorded that the Index of Industrial Production (IIP) fell 3.5% in March-2012. The market is surprised by this broad slowdown across industry groups as the IIP had expanded by 4.1% in February. The Union government of India has withdrawn the 1% TDS on transfer of immovable property that was proposed in the Union [...] Continue Reading »
Water scarcity has reached alarming proportions, ponds and water bodies in Baripada town are being used as dumping yards. The Government, on its part, is showing little interest in renovating them. It is noticed that different shopkeepers have encroached on some portions of the ponds to open their stalls, in other areas they are filled [...] Continue Reading »
New residential project in Mangalore, Catalonia-II was launched at Kulshekar. The project is launched by Property Infra Tech, a premier builder of Mangalore. Catalonia-II is all set to create benchmark in residential apartments in Mangalore. The builder Property Infra Tech has created several other projects in Mangalore. Some of the projects are Catalonia, Luminous, Hill [...] Continue Reading »
In RICS India Commercial Property Survey it is observed that the realty market is now witnessing improvement across the country. The report has shown that the rental expectations are turning positive this quarter as opposed to being negative during the last three months of 2011. Market activity indicates that rental value of retail properties, particularly [...] Continue Reading »
87 residential apartments in Commonwealth Games Village were sold at a total price of Rs 400 crore. At present DDA have 110 flats in CWG village. The highest bid was Rs 7.27 crore for an apartment. It is considered as the most expensive apartment in the eastern part of the city. The highest bid came [...] Continue Reading »
Digging of commercial bore wells in residential areas is increasing rapidly to provide sufficient water supply to the residents of apartments in Hyderabad. As a result, the domestic bore wells in surrounding houses and apartments are going dry, causing utter inconvenience to citizens. As per the Water Air Land and Trees (WALTA) Act, commercialization of [...] Continue Reading »
Property prices in the Mumbai region has seen an escalation in prices when compared with per square feet prices (PSF) of first quarter of 2012 over same period last year. The real estate market of Mumbai has always been an attractive destination for buyers because it provides high return on investments. Despite the slowdown in [...] Continue Reading »
District forest department in Gurgaon has issued a notice to the real estate builder Ambience group to vacate the forest land in Nathupur. The Ambience group has constructed Ambience Island Lagun Apartment on the protect land for forest in the area. In the notice it is ordered to remove all the structures constructed on the [...] Continue Reading »
Marathalli was a small village on the outskirts of Bangalore. Recently the area has emerged as a colony for a sizable IT population of Bangalore. Property market of Bangalore saw a rapid growth in Marathalli. Several high rising luxurious apartments are present in Marathalli. Recently the residents of the apartments in Marathalli are facing many [...] Continue Reading »
As per the report of the sale registration in Ahmedabad, it is found that the real estate industry in Ahmedabad seems to be going through a bad phase. Property sale deed registration in Ahmedabad has decreased by 20% in last one year compared to previous year. According to the real estate builders of Ahmedabad, this [...] Continue Reading »
