Realty News
Chennai- A skywalk will soon be constructed over Poonamallee High Road which will connect eight locations on either side of the arterial road. According to the present design this skywalk will cover a distance of 600 mts and will connect Chennai Central station, the Mooe Market complex, Pallavan Salai, Wall Tax Road, Government General Hospital, Evening Bazaar and [...] Continue Reading »
New Delhi- The year 2012 saw a dip in the office space absorption of about 23 percent with 29 million sq ft in all the major cities. With the flourishing global uncertainties and Indian economy slowdown, corporates in major cities were quite alert about expanding their business midst such market conditions. The 8 major cities, NCR, Mumbai, Bengaluru, [...] Continue Reading »
The residents of ‘O’ block in IBC Platinum City apartments claimed that they are not provided any facilities which were promised by the builders at the time of buying flats in Bangalore. The apartment is situated on HMT Link Road off Tumkur Road which has 616 flats with commercial complexes and a huge swimming pool. [...] Continue Reading »
New Delhi- Over Rs 15,000 crore of several infrastructure development firms has been locked up in the ongoing highway projects as the concerned officials are not ready to approve excess cost for projects even though the costs are legitimate. All such additional payments made over extra works and costs, which are permitted during road construction works, has [...] Continue Reading »
New Delhi- The Infrastructure Development Financial Company (IDFC) is geared up to hold a whooping share of about 74 percent in the project of Delhi-Gurgaon Expressway, by relieving the project concessionaire. Despite the IDFC holding a greater share, there has not yet been any clarity about the IDFC’s move fetching benefit to the commuters. However IDFC refuses [...] Continue Reading »
According to a report by Karun Varma, managing director, Bangalore & Kochi, Jones Lang LaSalle India, stated that residential real estate in North Bangalore is going to boom in 2013. North and East Bangalore is close to international airport, the increasing number of IT projects will bring sharp focus in this area. Projects which are [...] Continue Reading »
Good news for the commuters and motorists who travel from Rajajinagar,Vijayanagar and Basaveshwaranagar. The civic body is going to begin the work of Okalipuram eight lane project which was initiated in November 2008 by urban development minister S Suresh Kumar. After four years, Bruhat Bangalore Mahanagara Palike (BBMP) has given the contract to Simplex Infrastructure and Jagadish [...] Continue Reading »
Chennai- The first set (four coaches) of the first metro train will be launched soon in 2013. According to the officials of Chennai Metro Rail Limited (CMRL), the work has started in October 2012. The manufacturing is carried out by a factory named Alstom Transport, a French company at Sri City near Tada in Andhra Pradesh. [...] Continue Reading »
Maharashtra Housing and Area Development Authority (MHADA) has sent a notice to thirty-three real estate builders for not giving 3,300 houses to the housing board as per the rules. Now they have two months to deliver those houses. MHADA officials said that the builders failed in handling over 10 lakh square which translates to around [...] Continue Reading »
Almost all the rickety and stubby government buildings will be soon reconstructed to new high rise apartments and office blocks in Delhi. This is one of the biggest redevelopment exercises that will come up in the heart of Delhi since Independence. The existing two storey structures will be rebuilt to 10-12 storey residential blocks which [...] Continue Reading »
