Realty News
The world largest real estate network, RE/MAX, appoints Manpreet Grewal as Regional Director – India Operations. This network has presence through 100+ Indian offices and 35+ Indian cities. Manpreet joined CybizCorp, the master franchisee of RE/MAX for India, five years ago. He has now been elevated to lead the real estate vertical. Mr. Sam Chopra, [...] Continue Reading »
In South Kerala Infrastructure developer IL&FS Transportation Networks Ltd has emerged as the lowest bidder for road contracts worth Rs 289.60 crore. The company had submitted bids for rehabilitation of state highways and major district roads with the Road Infrastructure Company Kerala Ltd (RICKL). The projects comprise rehabilitation of 96.72 km length roads under Package [...] Continue Reading »
Discounts and offers from real estate developers are common but during this Navaratra the real estate developers are offering huge discounts and flexi payment scheme to attract buyers. The reasons behind this response are that the real estate market is noticing oversupply. As per Cushman and Wakefield there was 12 percent decrease in new launches [...] Continue Reading »
Mrs. Tulsi Tanti, managing director, says that the Suzlon Energy Ltd plans to raise Rs.1,000 crore by corporate debt restructuring (CDR) process that Suzlon started in January 2013. The company is also targeting to cut off operating expenses, staff costs and headcount by 20 percent, besides selling non-critical assets. As per the investor presentation, $400-500 [...] Continue Reading »
The RBI pointed out that bank should make sure that all future transactions related to the sale and purchase of real estate as well as acquisition on lease or rental basis at the overseas centers are done as per the board approved policy. This directive has been issued after it came to the central bank’s [...] Continue Reading »
Many new residential and commercial buildings are coming up in Wakad, Moshi, Ravet, Chikhli and Pimple Nilakh and due to this increase in the realty activity, the civic body earned Rs 335 crore in 2013-14, which is the highest collection so far. Mr. Ayubkhan Pathan, chief of the building permission department, says that more approvals [...] Continue Reading »
Surat real estate market is on upward direction after an 18-month lull, as lots of demands for housing projects are being witnessed at Katargam and Varachh. A famous developer has earlier got very few buyers for flats in his scheme. But now the situation is going to change as the real estate market conditions are [...] Continue Reading »
Realizing the scarcity of awareness of real estate laws among real estate developers, the GNLU has conducted a certificate course for the real estate developers and architects. This was GNLU’s second chance of promoting the real estate laws. Earlier, the GNLU has organized a national symposium of realty law. The weekend certificate course was attended [...] Continue Reading »
The project implementation units (PIUs) of basic services for urban poor (BSUP) and Rajiv Awas Yojana (RAY), which take care of housing schemes totaling to Rs. 450 Crores in three different corporations are exploring for a merger. The PIUs will be merged as per the rules issued by the ministry of housing and urban poverty [...] Continue Reading »
Due to the poor economic conditions, only one mall is coming up in the last three months. The only mall was developed in Pune which is stuck with the second-highest vacancy level in the country at 27.5 percent. Ahmedabad maintains its tag as the graveyard of Indian retail with a vacancy level of 31.6 percent [...] Continue Reading »
