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One of the residents of Navi Mumbai by name Satish Lokare has designed an affordable solar system which will help functioning of home appliances as well as streetlights. To meet the needs of Indian homes, he has imported the solar power units from abroad and modified them accordingly. Right now, the solar system has a [...] Continue Reading »
The Nagpur Municipality has decided to fast track the assessment work of properties in Nagpur. The work is pending for many years and this delay is causing a huge loss to the NMC. According to the Municipality there are 5.5 lakh properties in the city. It is necessary to reevaluate the properties in every five [...] Continue Reading »
According to analysts, the demand for residential properties in India will remain stagnant for some more time. After the reduction of the Repo rate by the RBI, the real estate sector hoped for some better scenario. Bu,t it is observed that the rise in demand is not happening as per the expectation. That is why [...] Continue Reading »
BBMP has planned to reconstruct the Ejipura EWS quarters. At present more than 1500 families are residing there and BBMP has started issuing biometric cards to people who were originally allotted houses by BBMP. After the collapse of few blocks of the quarters in 2003, many families moved out and rented their houses to other [...] Continue Reading »
Many high valued properties in India are avoiding the payment of stamp duty as the buyers are acquiring the shares of the construction company, which owns the property. In the process the buyers are not transferring the ownership of the property in their name by paying stamp duty. Thus the seller avoids the payment of [...] Continue Reading »
India’s largest homegrown private equity firm, IL&FS Investment Managers Ltd (IIML) has planned to launch a fundraising program under the name of Yatra Capital. Yatra Capital is an India-focused real estate investment firm and acquired by IIML two years ago. Yatra Capital has already raised 220 million euro for investment in the real estate in [...] Continue Reading »
Real estate projects in all Tier II and III cities are attracting more PE investors to invest in realty projects in India. With the fund flow from the PE firms, the realty markets in smaller cities are growing much faster. Earlier, the PE firms were keen on investment in top metros in India, but now [...] Continue Reading »
Bahadurpura is coming up as the next residential and commercial hub of Hyderabad. The real estate activities are growing fast in the area and its surroundings. Bahadurpura is becoming the preferred destination for businessmen and residents as the area has better infrastructure and availability of space is much better than any other location in the [...] Continue Reading »
The road widening work at Jogupalya in Bangalore has been just started by BBMP. The illegal parking has congested Cambridge Road connecting the Jogupalya. BBMP has proposed road widening work to ease traffic congestion. This road widening will lead to demolition of houses and shops to allow space for parking vehicles. Though, the widening will improve [...] Continue Reading »
