Realty News
Chennai- The second phase of VGN Krona has been launched at Gerugambakkam close to Porur, Chennai. Porur, a western suburb of the city is one of the fastest growing residential hubs which has good connectivity to all major locations of the city. Strategically this residential project is located just 2.5 kms away from Porur. It is situated off Kundrathur [...] Continue Reading »
Hyderabad- The upcoming Hyderabad metro bounds to have a great impact on the real estate market of Hyderabad. In lime light is Nagole, which is one of the fastest growing suburbs in Hyderabad. Nagole is strategically located between Uppal and MP nagar. These two localities are the commercial hubs which witness prominent real estate developments. Hyderabad metro which [...] Continue Reading »
According to the report by a real estate firm, the developers have become more rational in launching their projects because of the subdued demand in the real estate sector. Bangalore saw 16, 543 units launched in 2012, compared to 32,816 in 2011, which means Bangalore has witnessed 50 percent drop. The overall new launches across [...] Continue Reading »
Sahara Group companies presented a new application to Supreme Court seeking extension of time till February 20 to submit documents related to debentures to SEBI. As Sahara group has a debt of over 22 million to repay to its investors and it looks like the only way the Sahara Group can repay its debt is [...] Continue Reading »
Delhi- Lucknow the capital of Uttar Pradesh has in the past 10 months attracted investments worth Rs. 10,000 crore into different sectors under the Samajwadi Party-led Uttar Pradesh government. According to a higher official, the state government attracted a total investment of about Rs. 10,000 crore within the past 10 months through various sectors. It is believed that the [...] Continue Reading »
The increase of floor space index (FSI) to 2.5 is still not finalised for redevelopment of residential colonies constructed by the Maharashtra Housing and Area Development Authority (MHADA) in Pune. 2.5 FSI has been granted for Pune and Pimpri-Chinchwad but the rules for the same are yet to be finalised. The Pune division of Mhada [...] Continue Reading »
Pune Municipal Corporation has recently demolished illegal constructions in the city spread across 2095 sqft area in Kondhwa Khurd. This initiative was taken after a three storey illegal building collapsed in the last week of September last year killing 11 people. The building was built in low water zone area where only 0.33 floor space [...] Continue Reading »
New Delhi- The developers all over the country are expecting an industry status as well as favourable policies in the realty sector in the year 2013. However, in the year 2012, the government had initiated few favourable real estate regulations which benefited the real estate sector.Owing to this, the year 2013 can have the execution of the former year [...] Continue Reading »
Kanakia Group has changed its focus from commercial projects to redevelopment of residential projects in Mumbai. Its promoters recently sold a stake in Cinemax India Ltd, a multiplex chain to PVR Ltd because the group is planning to focus on residential developments. Kanakia Spaces Pvt. Ltd, a Mumbai based developer is in talks for the [...] Continue Reading »
Due to the increasing traffic chaos on 100-metre-long bottleneck between Hebbal flyover and Kempapura entrance, the civic body has planned to widen and upgrade the Bellary Road leading to BIA. However, it has failed to solve the crisis. The Hebbal flyover was inaugurated in 2003 and was built in 26 months at a cost of [...] Continue Reading »
