Realty News
Delhi-NCR- The hike in property price in Delhi-NCR has not stopped the property sales as it is believed that the year 2013 will improve the realty sector due to the high demand and possible reduction in key policy rates. Most developers feel that despite the increased demand for the residential properties in Delhi-NCR region, the prices [...] Continue Reading »
Delhi NCR is not only rising in residential projects but it has emerged as a hot property place for IT and IT-enabled services industry with many large companies setting up their businesses here. Noida and Gurgaon are becoming the hot and preferred destination for companies like IT’s, BPO, BTO and KPO services in various domains [...] Continue Reading »
Legend Siroya Realtors, formerly known as Siroya Developers having 60 projects to their credit in cities like Mumbai, Pune, Bangalore and Hyderabad, has come up with a brand new project in Mumbai called Marbella. The 38-villa project has been recently launched in Lonavala, Mumbai. The luxury township project will be constructed as per Spanish architecture [...] Continue Reading »
ICICI Venture, one of the largest private equity firms in the country, raised funds of $700 million in 2012. The PE firm successfully closed a $100-million (Rs 500 crore) second real estate fund, the India Advantage Fund Real Estate Series 2. And it managed to raise $700 million through its real estate and other funds. [...] Continue Reading »
The government is coming up with new Bill with the forthcoming budget session in the parliament so that the real estate sector can be regulated with proper rules and regulations as commented by the Housing minister Ajay Maken. The Bill is introduced so that the real estate developers and investors can carry out a fair [...] Continue Reading »
With the announcement of new industrial policy in Maharashtra, property prices are expected to witness a downtrend in metropolitan region, especially Navi Mumbai. As per new industrial policy, corporate groups are going to use 40% of their land to build commercial shops and housing projects in Mumbai. Furthermore, houses and shops can be built on [...] Continue Reading »
Surat- The Income Tax department wing of Surat conducted a raid on six renowned real estate developers and two civil advocates in the city. The department recovered assets worth Rs 92 crore in the search. The income tax sleuths have recovered Rs 8 lakh in cash and Rs 45 lakh worth of jewellery from bank [...] Continue Reading »
Hyderabad- The joint ventured company PBEL Property Development (India) pvt limited has planned to launch two towers in its larger PBEL City township project at APPA Junction on the outskirts of the city. PBEL developers construct and owns residential properties, commercial centers, office space, cargo facilities and Hi-tech industrial parks. This township at APPA junction is very [...] Continue Reading »
Mahadevapura which is located near the commercial hubs Whitefield and Brookfield has witnessed 20 percent capital appreciation during the October-December’12 quarter. The properties are now available at between Rs 4,500 to Rs 5,000 per sq ft which was available at Rs 3,500-4,000 per sq ft, according to the real estate brokers of that area. The [...] Continue Reading »
The Bangalore based real estate developer, Prestige Group is planning to spread out their real estate business in 2013. A higher official of Prestige group believes that there are many areas in Bangalore which are fast approaching saturation because of infrastructural constraints. One can expect improvement and increased development in selected areas in Bangalore including townships in [...] Continue Reading »
