Realty News
The rate of interest may not have fallen significantly this year, but due to the difference in new and old home loan interest, the borrowers are shifting their loan from existing lenders to cheap lenders. The State Bank of India (SBI) is offering Rs 30 lakh home loan for the new borrowers at the most [...] Continue Reading »
The green belts of Western and the Eastern Ghats which were lorded by the epic Veerappan’s rule are no more haunted. People have ventured into these areas and are planning to establish structures. Various realtors are crowding the villages of Dhimbam, Hassanur and Thalavady in Sathyamangalam taluk area to convert the revenue lands into plots and farms. [...] Continue Reading »
State Bank of India (SBI) are looking forward to raise its home loan portfolio by Rs 2 lakh by March 31, 2015 . The home loan portfolio has recorded a growth of 73.86 per cent against Rs 62,338 crore as on September 30, 2009. The bank will target Tier II and Tier II cities for [...] Continue Reading »
According to sources, private equity firm, Sun Apollo is to invest up to $50 million on projects developed by Indian real estate company Sobha Developers. Sobha Developers is based in South Bangalore, has built more than 51 million square feet of homes and offices since 1995. Sun Apollo is to invest on project basis and [...] Continue Reading »
India Inc is unhappy with the Land Acquisition Rehabilitation and Resettlement Bill 2011 cleared by the Group of Ministers (GoM) fearing that projects costs may soar due to high land price, and cumbersome acquisition procedures. Rajeev Talwar, executive director of DLF said the Bill could affect business badly adding that projects costs will soar if [...] Continue Reading »
India’s biggest commercial real estate acquisition was grasped by US private firm Blackstone, with a 50% stake in Bangalore builder-owned three business parks for over Rs 1,000 crore ($200 million). Blackstone beats the Citi Group’s acquisition of a Mumbai office building for Rs 985 crore, which was bigger than the Maple Tree’s acquisition of Assetz [...] Continue Reading »
Developers are offering customised apartments to attract customers in Bangalore due to the slowdown in the mid-segment housing market. With the customised apartments, buyers need not spend their money on redesigning homes or making modifications. Buyers are spending 15-20% original value on renovation to their apartments even after the possession. There are several ongoing projects [...] Continue Reading »
After a slowdown in the first two quarters of 2012, India is witnessing a rise in demand for commercial rental spaces. Major cities such as Mumbai, Delhi-NCR, Bangalore, Chennai, Hyderabad, Pune, and Kolkata saw a total of 7.6 million sq ft office space absorption in the July to September as compared to 5.9 million in [...] Continue Reading »
With NCR Planning Board giving green signal for projects like the Night Safari Park on the anvil, Yamuna Expressway Industrial Development Authority (YEIDA) has organised the chart for the development in the region. With the execution of the new master plan, the area will witness a rise in entertainment zones and industrial hubs with world-class [...] Continue Reading »
Tellapur, in western Hyderabad, offers large number of 2-3BHK apartments with the price range of Rs 30-60 lakhs respectively. It is situated on NH 9 ( the bombay highway) and joined with the outer ring road. The proposed 400 acre mega township at Tellapur Technocity was not completed on time due to which few pockets [...] Continue Reading »
