Realty News
A senior executive of an industry chamber expressed his concerns over the issues and told the slightly shocked audience that the property prices will rise in the next few days. Hence his suggestion to everyone was to buy apartments now before the price hike. There are a lot of speculations behind the reasons which may fuel [...] Continue Reading »
The data shows that the monsoon does not dampen the sentiments in the real estate segment. The economic climate, not monsoon, is what determines the fortunes of the players in the real estate sector. For instance, in 2009-10, the most recent low rainfall year, Mahindra Lifespace Developers saw its revenue nearly double and profit jump over [...] Continue Reading »
Neha Khandelwal aged 32 works for a financial services firm in Mumbai’s Lower Parel business district. She had booked a one bedroom, hall and kitchen home, one BHK flat that has been put on resale in the suburban Chandivali for a price of Rs 85 lakh. Looking into the price of a brand new one [...] Continue Reading »
The Delhi Metro Rail Corporation on Thursday completed the tunnelling work at the Lal Quila Metro station. This constructed tunnel is going to be a part of the extended Central Secretariat Kashmere Gate corridor of phase 3. The 650 metre long tunnel runs between the Jama Masjid and Lal Quila Metro stations. The maximum depth [...] Continue Reading »
The owners of the plots and the flats in Vishranti a housing colony in the Singhpura the village of Zirakpur are at the receiving end as the status of their property has become uncertain following a land ownership and dispute between a Canada based NRI woman and the developers of the colony. While the district [...] Continue Reading »
The Kanpur Development Authority would be regularising around 39 colonies of the society sector in the current financial year. In a recent directive the state government had asked the KDA to regularize some of the colonies after following some questions that have been raised in the state legislative assembly. In compliance of the state directions [...] Continue Reading »
The problems of illegal housing projects are a problem that has to be faced in more or less all cities. The Noida authority has also been facing similar problems of late. Often these constructions are on forcefully acquired lands and the builders do not even have proper papers available that state the ownership of the [...] Continue Reading »
The Hindustan Construction Company (HCC) is wishing to get around Rs 2,000 crore by raising the amount in the coming 2 to 3 years as stated by CFO Praveen Sood. According to him the company is planning to raise this amount by Lavasa IPO, asset monetization and the QIP. The Mumbai based company has reported [...] Continue Reading »
The Thane district region is apparently becoming one of the most preferred regions for people looking to purchase a home in the vicinity of Mumbai. Going by the various property portal study, there currently are 30 new residential projects in different stages of construction in the region. Nearly 93 percent of the Thane-region residential units [...] Continue Reading »
A new commercial project called ‘Centrade Business Park’ has recently been launched by Krasa International Pvt Ltd in Sector-140, Noida. The project is a state-of-the-art IT/ITES Park project which will apparently set new benchmarks for commercial properties. The sprawling new project launched by Krasa is spread out in a 5-acre land area; with the distinct [...] Continue Reading »
