Realty News
The real estate consultancy Cushman & Wakefield’s survey shows that Hospitality sector is expected to add 52,000 new hotel rooms over the next five years (2013-2017), thus a rise of over 65 per cent in total hotel inventory by 2017. The survey shows that on the back of improved global economic conditions, the sector is [...] Continue Reading »
WAKF is a non-governmental organization registered with the Government of India and head quartered in New Delhi. This is a charitable trust who targeted projects to provide a whole lot of social services to the underprivileged in India. There are around 158 Wakf properties in Delhi which are under the illegal encroachment of Archaeological Survey [...] Continue Reading »
Special Economic Zones (SEZ) and consequently, commercial development, are scheduled to recieve encouragement from the lowering of the minimum land area requirement by the Ministry of Commerce late April. Union Minister for Commerce, Industry and Textiles – Anand Sharma, announced reforms to the SEZ Policy during the release of the Annual Supplement 2013-14 to the [...] Continue Reading »
The Ministry of Road Transport and Highways (MoRTH) has come up with revised toll charges for four/six-laning expressways. The center has suggested that the investment will be rationalized its existing tolling norms across the 35,000-km stretch of National Highways. The road ministry has vocally confirmed that the affair of permitting road companies to collect toll [...] Continue Reading »
Kalindi Kunj Bridge was built in 1984 and since December 23, 2012 this carriageway was closed for repair work. Kalindi Kunj Bridge connects the south Delhi with Noida. The Uttar Pradesh state irrigation department has written to the Gautam Budh Nagar SP (traffic) and the authorities in Delhi had to divert the traffic traveling every [...] Continue Reading »
The decision to change the alignment of proposed metro line along Bannerghatta road has been taken by a high-powered committee in March. The said change of alignment will affect Infosys office, a mall and other 95 properties apart from 160 apartments. Earlier it was proposed to have interchange facility between two lines, RV Road-Bommasandra and [...] Continue Reading »
The Union Cabinet’s nod to the Real Estate Regulatory Bill has made buyers feel happy and secure; on the flipside, some of its provisions have left the developers panicking. Views of MHUPA Ajay Maken, minister of housing & urban poverty alleviation, said that the bill provides for a uniform regulatory environment to protect consumer interests [...] Continue Reading »
Chennai: During the last fiscal, real estate purchases in the city had fallen by 23.54%. However, property registration within the state appears to be mangling its way back after the slump. The period from April to May of 2013, recorded an impressive 11% growth in registrations. Real estate guideline values were sharply raised by the [...] Continue Reading »
National Capital Region’s property market witness a downfall of 39 % for the new launches of apartments in the areas. As suggested by various reports that around 7,600 units are left over since January-March period. Major eight cities like NCR, Chennai, Kolkata, Bangalore, Mumbai, Hyderabad, Pune and Ahmedabad launched around 38,000 residential units in the [...] Continue Reading »
Bangalore has witnessed the highest proportion of new project launches compared to eight major cities across India in first quarter of 2013. According to real estate consultants Cushman and Wakefield, around 40 percent of the total new unit launches in the city were in South Bangalore. In a recent study by the firm, North Bangalore [...] Continue Reading »
