Realty News
Jones Lang La Salle said that though smaller cities are offering a great deal of opportunities for real estate investments, this year, private equity funds will flow into large cities like Delhi, Mumbai, NCR and Bangalore as investors are looking for matured markets than speculation driven one. From the occupiers’ perspective, investors are looking to [...] Continue Reading »
Confederation of Real Estate Developers Associations of India (CREDAI), which represents the organised real estate developers and builders across the country is seeking withdrawal of the budget proposal to impose 1 % tax deduction at source (TDS) on any property deal other than agriculture land completely. CREDAI recently forwarded a representation to the finance minister. According to [...] Continue Reading »
Kolkata- The southern and eastern regions of Kolkata are witnessing huge investment potential in the recent years. EM Bypass in the South, Behala located in the south-west and Rajarhat, situated in the east are emerging as prime investment destinations of the city. Owing to lower asset and land prices, availability of scalable infrastructure and the [...] Continue Reading »
Chennai- The Chennai Corporation recently tabled its Budget for the year 2013-2014 and announced new grade separators and infrastructure projects like skywalk, flyovers etc. The new budget has given importance to urban development. Four new flyovers have been planned on the basis of Chennai City Traffic and Transportation study carried out by the Chennai Metropolitan [...] Continue Reading »
Chennai- Citilights Properties Pvt. Ltd has launched its new residential project named “Citilights Blessings” at Kelambakkam, Chennai. Citilights Blessings offers luxury penthouses and three bedroom apartments. The size of the residential units range between 1601 sq ft to 1880 sq ft and are priced at Rs 3175 per sq ft. There are total 104 units [...] Continue Reading »
Chennai- SARE Homes has come up with a special offer with its new residential project named “Meadow Ville” in Kolathur, Chennai. Meadow Ville spreads across 62 acre in two phases. It offers residential plots enveloped with ample greenery. The sizes of these plots vary between 800 sq ft – 3027 sq ft and are priced [...] Continue Reading »
Amar Builders has launched its new premium residential project, Amar Renaissance in Pune. It is located in a posh locality of Sopan Baug in Pune. The project lies in the vicinity of Pune Race Course and Empress Garden. The project which is spread across 7 acres offers 98 apartments which are present in five towers. [...] Continue Reading »
Value & Budget Housing Corporation is now thinking of adopting a policy of developing properties of smaller heights that do not require ministry of environment’s nod. This strategy was finalised as they were facing various delays in the housing sector to get proper approvals. Currently, it takes around 12-18 months to get clearance from the [...] Continue Reading »
Bombay High Court has recently given green signal for additional floor space index (FSI) for around 2,200 redevelopment projects in Mumbai. The only condition that was kept forward by the government was struck down by the bench. The condition was to grant extra FSI in case of ongoing redevelopment schemes for old cessed buildings. Earlier [...] Continue Reading »
The proposed Charkop-Bandra-Mankhurd metro line (CBM) is not yet sanctioned and not to be executed soon. However, the residents feel that it is unfair for the Mumbai Metropolitan Region Development Authority (MMRDA) to give unnecessary reasons of starting the project and making it an elevated corridor. The residents in the western suburbs of Mumbai are [...] Continue Reading »
