Realty News
The National Highway Authority of India (NHAI) has proposed a single-way tunnel between Pandoh and Aut on the Rs 4358.21-crore Ner Chowk-Kullu-Manali highway, which awaits the nod of the Ministry of Surface Transport and National Highways. As per the report submitted to the ministry, the NHAI has proposed one-way tunnel between Pandoh and Aut as [...] Continue Reading »
The Maharashtra government has once again asked the Aurangabad Municipal Corporation (AMC) to submit details of completion certificates it had issued to various households under group housing schemes between 2009 and 2012. In a letter issued on August 12, 2014, M M Patil, additional secretary of the urban development department (UDD) has directed the municipal [...] Continue Reading »
The PIL petitioners against the Tata Camelot township project near Sukhna Lake today pleaded in the Delhi High Court that the company had no right to go ahead with the construction as the Punjab Cooperative House Building Society (PCHBS) had terminated its agreement with the company. The controversial project was to come up on the [...] Continue Reading »
As uncertainty looms large in Delhi’s political scenario, BJP has started preparations for a fresh election. Announcing its ‘Better Delhi’ campaign on Tuesday, Delhi BJP spelled out its agenda for the capital with regularization of unauthorized colonies topping the list. In a meeting with Union UD minister Venkaiah Naidu, Delhi BJP chief Satish Upadhyay stressed [...] Continue Reading »
Bangalore witnessed no new mall supply during first half (H1) of 2014. This has been attributed primarily to the delay in approvals, which led to the deferment of upcoming supply as stated by Cushman & Wakefield in its latest retail reports. Meanwhile, the city’s mall vacancy level registered a dip of 0.4 percentage point and [...] Continue Reading »
The real estate market in Bangalore attracted the maximum private equity (PE) investment in the country in the first half of 2014, beating the national capital Delhi as well as the commercial capital Mumbai, according to property consultancy firm Cushman & Wakefield. Led by high demand for office spaces as well as steady demand for [...] Continue Reading »
The supply of retail space in shopping malls fell by 80 percent during the first half of this year to nearly 0.3 million sq ft in seven major cities as projects have been delayed, property consultant CBRE said today. Rentals of retail space in these seven cities showed a mixed trend, according to CBRE’s India [...] Continue Reading »
A city that was once hailed as the country’s prime shopping destination which introduced the concepts of modern retailing like heterogeneous product mix, air-conditioned ambiance and attractive price points is now struggling to fill up the empty space in its malls all over the city. Of the top eight retail hot spots in the country, [...] Continue Reading »
Private equity fund BlackSoil Realty Fund–I has completed its maiden investment of Rs. 30 crore in real estate firm Sheth Developers through a mezzanine structure. Promoted by Shashi Kiran Shetty, Chairman and Managing Director of Allcargo Logistics, and Gnanesh Gala, Managing Director of Navneet Education, the fund has its focus on the Mumbai, Navi Mumbai [...] Continue Reading »
The popular theory of the economics states that if the demand for any item goes up, then the prices are corrected and normalised. Going by that theory, one would imagine that the office rents would go down with a strong bounce back in demand for space from the corporates. However Sanjay Dutt the executive managing director [...] Continue Reading »
