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According to a recent survey made by a consulting firm, residential properties in Delhi are selling much faster than any other cities in India. According to the survey, Delhi has almost 1.6 million units of unsold apartments and it will only take almost 23 months to sell these apartments. The reasons behind the speedy sale of [...] Continue Reading »
Pushkara, the premium lake view residential apartment complex at Old Mahabalipuram Road (OMR) Chennai, has been launched by the Marg ProperTies, the real estate arm of Marg Limited. Pushkara will be constructed over an area of 3.84 acres and will comprises 204 homes including Studio (1 BHK), 2 BHK and 3 BHK apartments over five [...] Continue Reading »
A civilian training helicopter of the HAL Rotary Wing Academy was forced to land on the roof of an apartment in Bangalore. The incident happened in the GM Palya residential area when the engine of the chopper failed and safely landed on top of the Maithri Opulence in GM Palya.The residents of that area were [...] Continue Reading »
Most of us have come across situations where landlord give their house on rent to vegetarians only. But here comes a special case of Sri Nanjundeshwara Developers who sell their flats only to vegetarian. Madhav Rao, the owner of Sri Nanjundeshwara Developers, has been selling flats to only vegetarians, from almost a decade. The builder, [...] Continue Reading »
It is reported by the member of Rajya Sabha that the issues related to construction of residential apartment on Delhi outskirts and Noida extension are still unresolved. The delay in resolving the concerns is happening due to the red-tapism of the government. The member of the parliament has also claimed that The National Capital Region [...] Continue Reading »
GHMC has planned to revise the property tax rates for the property in Hyderabad. The owners of the real estate property in Hyderabad are expecting the general revision of property tax , which will be implemented in the next financial Year. According to sources, the GHMC has set a target to collect Rs 1000 crore [...] Continue Reading »
The real estate in India is emerging as the largest driver for the growth in GDP. With the growing population the need for apartments are increasing. But, the increasing population is becoming a threat to the natural resources. To preserve the natural resources and to reuse them, the builders are now moving towards the construction [...] Continue Reading »
The pressure of inflation, higher rate of interest and economic slowdown has led to the downward trend in demands of real estate properties in Ahmedabad. As a outcome of the sluggish demand, the builders across the city are struggling to manage the liquidity crunch. It is observed in the realty market in Ahmedabad, that the [...] Continue Reading »
The market is expecting a price correction for the larger township projects in Mumbai, as large inventory involvement in those projects may exert a downward pressure on prices. However, in a recent report by a real estate consulting firm, it is reported that the cost of residential property in Mumbai will start rising in coming [...] Continue Reading »
The government of Delhi has banned the sale of any property in Delhi through Transfer of General Power of Attorney. This order by the government will impact the buyer, who had bought properties since October last year. This was a common mode of purchase, almost 40% of transactions are happening in this mode of transfer, [...] Continue Reading »
