Realty News
Pragnya Advisors Pvt. Ltd has invested around Rs 27.5 crore in Bangalore in a Habitat Ventures project and another $5 million in an office space development in Colombo, Srilanka. Pragnya has two real estate-focused funds. The first fund of $40 million was distributed across seven transactions and money from the $50-million second fund is being [...] Continue Reading »
Chennai – According to the sources of Town and Country Planning department, the new concept of land pooling inspired from Gujarat will have a provision to benefit the economically weaker sections. In this provision small size plots will be made available to the poor people. Sources believe that the department is following the prevailing practice [...] Continue Reading »
The real estate arm of Essar Group, Equinox Realty has launched the second phase of its premium residential project, Water’s Edge in Hebbal, Bangalore. The two new lake facing 40 storeyed tower being launched will be amongst the tallest buildings in the city. Water’s Edge has two tower houses comprised of 150 apartments which includes [...] Continue Reading »
Delhi-NCR: Rental rates of properties in Delhi and NCR have increased by 20 percent in the last two quarters. A DDA flat offered at Rs 18,000 in Mayur Vihar, East Delhi around six months ago is not available now for less than Rs 20,000. The rates have increased in all areas of the nation’s capital. [...] Continue Reading »
Chennai – The Chennai based developer and promoter “Chennai Homes ” has announced their first retirement community project named “Aishwaryam” in Chennai This project is Chennai is coming up at Kottaikadu in Marakkanam on the East Coast Road. It is in close proximity to Puducherry (Pondicherry). Aishwaryam sprawls across six acres of land and comprises of [...] Continue Reading »
Kochi- The National Highways Authority of India (NHAI) has raised an objection against the launch of Kochi Metro work without first acquiring land for widening the national highway along which the metro over-bridge has been proposed to be constructed. The Kerala government is all set to launch the project as soon as the Terms of [...] Continue Reading »
With the growing urbanization and the need for affordable housing in the country, Union Minister for Housing and Poverty Alleviation feels that the developers can manage the situation. The challenges of these two factors are growing in the metro cities of India, but he feels developers can handle the challenges. Approximately 50% of the population [...] Continue Reading »
Kolkata- Metro trains will run more safely from July onwards as the Railway Board has planned to implement Train Protection and Warning System (TPWS). The system will alert the motorman of metro train and at times, it will even apply brakes if there is a possibility of danger signal being overshot or the train passes [...] Continue Reading »
A day after the budget, the industry estimated the sale of affordable homes could increase up to 20 percent this year because of the additional exemption granted to the first time buyers. This benefit is for property which doesn’t exceed Rs 40 lakh. In the Budget it is said that, in 2013- 2014, the first time buyers, [...] Continue Reading »
The current commercial real estate in Bangalore has been witnessing a boost due to the increased demand for the office space despite the growing uncertainty in the European markets. Various factors are responsible which makes the city ideal for investors. Factors like the availability of the Special Economic Zone (SEZ) for IT expansions, increased connectivity to the Outer Ring Road [...] Continue Reading »
