Realty News
AECS Layout, one of the preferred residential localities in Bangalore, has been perceived as having potential for investment in residential plots. The locality has BDA (Bangalore Development Authority) approved layouts, which are high on demand for its good facilities and affordable prices.Approval from BDA facilitates loan procedures as banks provide 100 per cent loans for [...] Continue Reading »
The housing and urban poverty alleviation ministry has stated that of the 17.95 million housing units that came up in the country between 2007 and 2012, 11.09 million houses, or nearly 62%, are either vacant or locked up. It throws a light on the practice of buying houses not for staying there but just to [...] Continue Reading »
Pataudi Road, located in the vicinity of three major highways –Gurgaon Expressway (NH-8),the upcoming Kundli-Manesar-Palwal (KMP) Expressway and the Dwarka Expressway, is on route to become a residential hub in NCR. A part of the 2021 Gurgaon-Manesar Master Plan, Pataudi Road offers affordable prices at present and the increase in demand is set to push [...] Continue Reading »
The mid-sized developers are banking upon the 20:80 scheme in the upcoming festival season. It has been considered a popular marketing tool to attract buyers amidst a slowdown in the real estate business. Under the scheme, which is known as the ‘subvention scheme’, a buyer has to pay only 20 per cent upfront, while the [...] Continue Reading »
Real estate consultants Cushman & Wakefield, in its report entitled ‘Indian Hospitality Story 2012 & Beyond’ has mentioned that the top six cities of the country will witness around 50,000 hotel rooms added over the next five years. The report evaluates the hospitality sector situation in the metros of Mumbai, Delhi, Kolkata, Bangalore, Chennai, and [...] Continue Reading »
The Income Tax department has raided 45 premises of Indore’s 10 real estate firms. As per reports, 300 officials conducted the operations and recovered Rs 2 crore in cash and sealed 15 lockers of nine realtors. Officials of I-T department said that a host of irregularities have come to the fore during the raids which [...] Continue Reading »
After issuing the notification for regularisation of 895 unauthorised colonies, the Delhi government has now asked the city’s municipal corporations to clear the layout plans for these colonies. The layout plan includes boundaries of the unauthorised colonies and it is to be drawn in consultation with the resident welfare associations(RWA). The layout plans are to [...] Continue Reading »
The Haryana Urban Development Authority (HUDA) has announced that it is planning to provide canal water to builders for construction purposes. While the details and the procedure is to be finalized soon, HUDA officials state that canal water supply is likely to increase by the end of this month. Till then, the builders will have [...] Continue Reading »
Investors are gradually taking more interest in property developments in Navi Mumbai and Thane. Property consultant CBRE states that the investor’s interest is high in these areas as proposed projects of international airport and other infrastructural developments are coming up. The ever escalating prices in Mumbai and its suburbs is another reason behind the growing [...] Continue Reading »
Prestige Misty Waters, developed by the Prestige Group, is premium high rise residential project located in Hebbal, Bangalore. Built in an area of 1129 – 2423 Sq ft, it spreads across 5.5 Acres. The apartments boast off world-class design and bear the signature of Prestige Group. Located off ORR, Bangalore, the project offers amenities like [...] Continue Reading »
