Realty News
Bombay realty, the real estate arm of Business conglomerate Wadia Group is coming up with its first fully integrated mixed-use project in Mumbai. The project ‘Island City Center’ will be located in Dadar. The project is spread over 29 acres which will host luxury residences, a five-star hotel, offices, serviced apartments, a high street, a mall, an [...] Continue Reading »
Tata Group’s realty firm Tata Housing Development Company Ltd has sold 150 luxury houses in just two days after its launch at Gurgaon for Rs 350 crores. The company said that they have sold the entire second phase of the project “Primanti” comprises of 150 apartments spread across 4,50,000 sq ft for Rs 350 crore. TATA Primanti [...] Continue Reading »
Larsen & Toubro, one of the leading engineering & construction company is planning to come up with one of the largest housing project in Powai campus in Mumbai measuring up to two million sq ft over 20 acres of land. The price of residential units in and around Powai is around Rs 25,000 per sqft. The [...] Continue Reading »
Delhi- The three development authorities of Gautham Budh Nagar were targeted on 4th December by frustrated home buyers as there were allegations that despite various home buyers being cheated, action was taken against only selected developers. A demand by the buyers stated that the developers should upload all their project’s NOC and other related important [...] Continue Reading »
Delhi- Noida has been witnessing an increased number of illegal colonizers who are encroaching the land and selling the unauthorized plots to the buyers. The Sector 75 has quite a number of lands which are being sold by the land mafia. Despite the Noida Authority being completely aware of such illegal professions, there has been seldom action [...] Continue Reading »
Hyderabad- With the opening of the Patancheru-Shamirpet ORR stretch, the Chief minister, Kiran Kumar Reddy addressed the farmers who owned the property along the Outer Ring Road (ORR) to not sell their lands away as those lands will fetch them a good price. Despite the slow realty growth in the region, it is believed that the market will soon be mounting [...] Continue Reading »
Mangalore- Builders are provided huge opportunities as a large number of commercial buildings are emerging in the outskirts of Mangalore. Earlier, malls were only situated in city’s major centres like Hampanakatta, MG Road and Bejai. But very soon within 18- 24 months commercial centres will emerge on the city’s outskirts such as Kulshekar, Pandeshwar and Derlakatte. [...] Continue Reading »
Sean Tompkins, global chief executive officer of UK-based Royal Institution of Chartered Surveyors (RICS) has said that the foreign investors are thinking twice before investing in the Indian real estate market because it fails to meet the global standards. Between 2006 and 2009 the Indian realty had witnessed around $20 billion in investment of which [...] Continue Reading »
Delhi- Along with speeding up the work on the delayed Faridabad-Noida-Ghaziabad (FNG) corridor project, the anti-encroachment plan has also been taken up in to action by the Noida Authority. This drive will be effective from December 6 on the proposed highway. Due to the increase of the unauthorized constructions and infringements, the authorities have taken up the anti-encroachment drive in September to curb them. [...] Continue Reading »
In terms of real estate, 2012 was a dull year because of poor industrial production and high interest rates, according to Jones lang LaSalle. In 2012, 1,60, 622 residential units launched and at the same period in 2011, 1,54,701 units were launched. The year-on-year rise in average residential capital value in 2012 was in the [...] Continue Reading »
