Realty News
After the Union Budget was announced, Bangalore is expecting major developments impacting its real estate market. The recent announcement of the business corridor has brought a cheer to the city realtors. The dream project, the Peninsular Region Industrial Development Corridor (PRIDe corridor) or the Andhra Pradesh-Chennai-Bangalore-Mumbai corridor, comes close to reality, the industrial potential of [...] Continue Reading »
Jaipur- Trial runs for the Jaipur Metro at nights is likely to start in few days. The General Manager of Delhi Metro Rail Corporation (DRMC) said that, the newly purchased coaches will have trial runs in non-revenue hours (11pm to 6am). And the coaches that were brought earlier from Delhi metro will be run during [...] Continue Reading »
Property prices in India has gone up by 40 percent due to delay in clearance of projects. According to Economic Survey 2013, to start a new project, 34 procedures are required to obtain clearances which take an average time of over six months, and the issue needs to be addressed. As per the survey for [...] Continue Reading »
Gujarat – Gujarat International Finance Tec-City (GIFT City), an initiative from Gujarat government, is proceeding in full swing as per schedule. It will house India’s first International Financial Services Centre (IFSC). GIFT City is being developed on Public Private Partnership (PPP) model. It is a joint venture between state-owned Gujarat Urban Development Company Ltd (GUDC) [...] Continue Reading »
In the period between 2002- 2007, Indian real estate observed notable growth, with a large number of project launches in the same period and the introduction of Real Estate Consultants came into spotlight. When compared to property dealers, the real estate consultants were professionals, educated people and knew the presentation level required for the projects [...] Continue Reading »
Hyderabad – The Hyderabad Metropolitan Development Authority (HMDA) has proposed a budget of Rs 3,772 crore for the year 2013-14. A major part of this budget (Rs 1,551) is allocated for the Outer Ring Road (ORR) project in order to ease traffic congestion in the city. The budget proposed by HMDA is around Rs 800 [...] Continue Reading »
Max Group is planning to enter the hospitality sector with a wellness resort brand “Vana”. Vana Retreats and Hotel Pvt Ltd is a venture which is lead by Analjit Singh‘s son Veer Singh. The firm is planning to operate lifestyle properties across India and abroad with an initial project budget of Rs 300 crore. This [...] Continue Reading »
Era Group has launched its latest project “Sky Ville” at Sector 68 in Sohna road, Gurgaon. The project is situated adjacent to the commercial projects on Sohna Road, which is an add on point for the project as it will have good connectivity with rest of the city. Sky Ville offers luxury homes with world [...] Continue Reading »
Ansal Properties & Infrastructure (Ansal API) has successfully sold properties worth Rs 2,361 crore, within 11 months, which is a little less than the sales of last year. According to the latest reports, during April 2012-February 2013, the company has sold 18.64 million sq ft of area against 20.20 million sq ft in the corresponding period [...] Continue Reading »
Around 47 residential real estate projects in Mumbai have been stalled as they have not followed the green norms as advised by the union environment ministry office. The construction work of these projects have been stopped due to their non-adherence with the environmental laws. These properties in Mumbai have been stalled for more than 12 [...] Continue Reading »
