Realty News
Luxury villa projects in the city are catching the attention of private-equity (PE) funds and non-banking financial institutions (NBFCs). The investors are also looking at exploring the option of backing luxury villa projects. Reliance Capital Ltd funded Rs.60 crore in an ongoing villa project of Skylark Mansion Pvt. Ltd in Whitefield, while Azure Capital Advisors [...] Continue Reading »
The Greater Noida Authority has started survey of acquiring land freshly in Noida Extension villages which also include Shahberi region, where several were hampered by Supreme Court. To acquire 156.3 acres of land in Shahberi village, the Supreme Court had destroyed the 2007 notification of the UP government last year. The authority had imposed a fine [...] Continue Reading »
Bangalore- An RTI activist’s queries revealed that Bangalore Development Authority (BDA) has to recover rental dues of over Rs 15 crore from the shops and office spaces it had leased out in its 15 shopping complexes in the city. Several media copies of documents obtained through RTI were released on Tuesday by the activist, BM [...] Continue Reading »
Assembly election is knocking the door and now BBMP has realised that they have to speed up the grand projects’ completion project. These projects include signal-free corridors, five grade separators, development of roads, lakes and construction of multi-storied parking facilities will be taken up. BBMP options to help broaden 11 tracks, which include several with [...] Continue Reading »
Ulwe in Mumbai has become one of the top destinations for investment in the residential real estate sector where housing prices are assumed to raise by 145 per cent over the next five years. Out of the top 13 destinations, housing prices is expected to hike at a fastest rate at Ulwe (Mumbai) in 3-4 [...] Continue Reading »
Hyderabad- A survey conducted in Hyderabad showed that the residential property rentals have increased and have shifted from the affordable tag. The rental prices have increased by about 20% in the last six months which realtors blame towards the lack of new projects and increased demand for homes. Hitech areas like Gachibowli, Madhapur, Srinagar Colony, Banjara Hills and [...] Continue Reading »
Chennai- The monitoring committee of the Chennai Metropolitan Development Authority (CMDA) appointed by the Madras High Court has sought more clarity and judicial sanction from the state government before regularizing buildings that came up before July 1, 2007 A new set of guidelines was announced by the government early this month, under Section 113-C of [...] Continue Reading »
New Delhi- Although Delhi might be prospering swiftly in terms of per capital income, but a recent mathematical calculation report stated that about 32.2% residents have just a single room to call as their home. This eventually proves that the capital has a very large proportion of lower middle income class as its population. On [...] Continue Reading »
Bangalore- Vijay Mallya’s investment holding company UB Holdings has got a jumbo offer by Private equity giant Blackstone, revealed sources. The PE firm has offered around Rs 560 crore to the company to buy out the prime office and retail real estate blocks in UB City, the biggest commercial property project in Bangalore. As an [...] Continue Reading »
Owing to abounding investments of non resident Indians (NRIs), alluring offers provided by the builders and changing lifestyles of buyers, the demand for luxury housing market is gradually cheering up in the metros. The demand for luxury and ultra-luxury homes is growing, particularly for those ranging between Rs 1 crore to Rs 20 crore, or [...] Continue Reading »
