Realty News
Bangalore- Whitefield and outer ring road, particularly the stretch of K R Puram-Marathahalli- Sarjapur Road, are emerging as the top commercial real estate destinations of the city, reports Jones Lang LaSalle India. The Central Business District (CBD), Koramangala and Bannerghatta Road mostly remained stable throughout 2012. Owing to fast developing IT corridors of Bangalore, adequate [...] Continue Reading »
Indian real estate is witnessing a tough competition both internally and externally. Foreign retail players are rushing to step in the Indian realty sector and at the same time, the domestic real estate developers are trying to reach out to them. The domestic retail developers reported that they are trying to build the retail chains [...] Continue Reading »
Chandigarh- The residents of Chandigarh will soon enjoy optimum facilities of two more commercial centres of the likes of Sector 17 in sectors 34 and 43. The proposed sub-city centres are not big as sector 17 of Chandigarh. The plot allotment for the two sub-city centres will initiate in 2013. It is assumed that if this plan go [...] Continue Reading »
The government of Maharastra has made a proposal to revamp 202 chawls of the erstwhile Bombay Development Directorate, spread across 91 acres in South Mumbai . The chawls will be constructed on 15 million sq ft of floor space index or about 20 mn sq ft of saleable area. The project will be developed by [...] Continue Reading »
Chennai- Chief Minister J. Jayalalithaa has announced several new projects that will be taken up in the state. A budget of Rs 323 crore has been set aside for constructing subways and over bridges in eight districts and many other infrastructural developmental works to be carried on. Over bridges and underpasses will be constructed at [...] Continue Reading »
The year 2012 was a tough year for both real estate developers and home buyers because of the high property prices. The middle class and even the upper middle class found it impossible to invest in properties in India due to soaring property prices. There was a fall in property prices in 10 to 19 [...] Continue Reading »
Pune- The luxury segment of Pune city’s the real estate market has shown signs of recovery. According to experts, there is a rise in demand for luxury projects all over India. In 2012, more than 50 percent luxury projects were launched in Bangalore. In the last couple of years, there was a drop down in [...] Continue Reading »
Kozhikode- The Corporation authorities of the Kozhikode have only 105 days left to execute the developmental projects. This implies that in order to avoid assumed fund lapse of Rs 77 crore, these projects must be implemented before the end of 2012-2013 financial year. This arduous task will only initiate after getting approval from the district plan committee. The [...] Continue Reading »
Nagpur- On December 20, a six member committee of Institute of Chartered Accountants of India (ICAI) will visit the nine acre land at Luxora Township in Pipla in order to investigate its purchase decision for Rs 99 crore. The final papers will be put forward on December 31. The land Luxora Township was purchased to construct ICAI centre of excellence. However, head of [...] Continue Reading »
India ‘s biggest real estate developer, DLF expects a 20 percent annual growth in office rental income. By 2014-15 fiscal year the rental value is expected to increase to Rs 2,500 crore. DLF has already touched Rs 1,500 crore as office rental income in 2011-12, and hence it has currently Grade A office leasing portfolios [...] Continue Reading »
