Realty News
Most of the buyers still seem to have a sense of hope within themselves despite knowing that the government of the state has refused to allow the operation of environmental clearance. This had been handed over to the apartment project belonging to DLF Ltd located in Chilavannoor. The project which had kicked off the year [...] Continue Reading »
Most real estate developers resort to print and television ads for marketing, while dedicating only about 6 to 7 per cent of their marketing budgets online. A recent study by Google proves that developers are playing it wrong, as more than half of the home buyers make decisions influenced by Internet research, in comparison with [...] Continue Reading »
Although the luxury housing scenario in Delhi, Kolkata, and Chennai remain the same, Mumbai has seen a major shift in this segment over the last few years. While the Central Business District (CBD) has shifted to BKC (Bandra Kurla Complex), practically speaking, the most sought-after parts of the city aren’t witnessing any major developments in [...] Continue Reading »
The real estate sector is abuzz with the news of Brigade Hospitality Services, part of the real estate developer Brigade Group, who have recently revealed their plans of investing over Rs. 750 crore in eight new hotels by the year 2020. These projects are expected to be set up in key locations in cities like [...] Continue Reading »
Change in power at the centre has brought in a new sentiment among private equity (PE) funds, so much so that around half a dozen PE funds have started to raise $2 billion together from local as well as foreign investors. Four renowned PE funds are already in talks with the investors, while three more [...] Continue Reading »
The slum capital of Maharashtra, Mumbai has many illegal structures. Not just the slums; even formal housing is plagued by illegality. Many of these residential buildings are built with major deviations from the building code. Several estimates claim that almost one-third of the buildings in Mumbai don’t possess an occupation certificate. In cases of illegality, [...] Continue Reading »
Many infrastructure projects in Tamil Nadu have been pending from a long time. Time has come for this to change, thanks to the formation of a new government at the centre. But it’s not just the central government that’s keen on pushing for infrastructure development in TN. Even the state government is motivated to execute [...] Continue Reading »
The real estate portal Commonfloor has released a list of the top ten Indian cities on the basis of maximum expected growth after the formation of the new government. The cities on the list are Bhiwandi, Ghaziabad, Indore, Jaipur, Ahmedabad, Nashik, Lucknow, Kochi, Vijayawada, and Vadodara. The real estate sector in India, which was undergoing [...] Continue Reading »
The Securities and Exchange Board of India (SEBI) has requested the government to provide a clear picture on tax benefits for the latest products like REITs (Real Estate Investment Trusts) and Infrastructure Investment Trusts. This is expected to boost the capital markets. Regulator SEBI is soon to finalise the norms for REITs once there is [...] Continue Reading »
A couple of new properties have been identified by the civic body this fiscal year. It was also brought it under the control of tax. Several reliable sources have stated that with the present speed of the property assignment, there will be a huge loss incurred by the Aurangabad Municipal Corporation. One of the senior [...] Continue Reading »
