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The Kolkata Metropolitan Development Authority (KMDA) has denied about any irregularities in providing completion certificates to the residential units in Kolkata developed at the Kolkata West International City (KWIC) project. KWIC has constructed an Rs 6,000-crore satellite township on 390 acres of prime land at Salap on NH-6. According to the development proposal 800 row [...] Continue Reading »
It is recorded that in several areas in urban and rural Bangalore, residential sites have been formed and sold by creating fake documents. So, the inspector general of stamps and registration has directed all sub registrars, especially those in Bangalore, not to register any property that does not have valid conversion certificates. The authority has [...] Continue Reading »
The residential projects in Mumbai has started getting approval for their constructions. Recently a luxurious residential project in central Mumbai got the approvals needed to start construction. The project was launched by India bulls Real Estate Ltd. The builders and developers in Mumbai are now hopeful that project launches will resume in Mumbai, after a [...] Continue Reading »
As of date Ahmedabad has unsold apartments of Rs 3000 crore. While large developers are refusing to budge on the price front, smaller ones with poor holding capacities and lack of financial access are silently selling their stock at 25% lower than the existing market rates. Most of the unsold units have piled up in [...] Continue Reading »
Infrastructure has a greater impact on real estate industry in India. After that announcement of cancellation of Jewar Airport Project, the real estate market in Greater Noida and around Yamuna expressway has witnessed a downward trend. The construction of the airport is cancelled on the base of a clause in the agreement between Centre and [...] Continue Reading »
Real estate focused private equity fund ASK Property Investment Advisors had invested Rs 50 crore in the residential? development ?project in Noida. The project is expected to be completed in few months. 12 residential tower have been constructed in the project over 14.5 acres of land in Noida. As the project ended with a great [...] Continue Reading »
New residential project will come up in Noida by Gulshan Homz. The real estate developer has planned to invest Rs 900 crore in the next five years to develop various residential projects in Noida. The builder group has already launched Ikebana in Noida, where 1500 three bed room apartments will be constructed in phases, in [...] Continue Reading »
The cost of properties in Pune are going to increase as the Pimpri Chinchwad New Town Development Authority (PCNTDA) has decided to increase the transfer fees and plot selling rates by 10 to 30%. For residential areas, the selling rates would range from Rs 3,660 to Rs6,120 per square meter and for developed sectors from [...] Continue Reading »
The residential property market in Mumbai has shown a negative growth of – 9.1 percent by the year ended in March 2012. According to a realty analyst firm, the performance of the sales market in Mumbai real estate has suffered by the global crisis. Though the cost of properties in Mumbai [...] Continue Reading »
A property show will be conducted in Mangalore by Manipal Ace Event Management Company on May 19 and 20. ‘Mangalore Realty and Buildcon Expo will showcase all the available and coming up real estate projects in Mangalore. Builders, promoters, banks and housing finance companies will participate in the realty expo. The organizers have planned to [...] Continue Reading »
