Realty News
In order to facilitate 24-hour surveillance, residents of TVS Colony and Officer’s Colony in Anna Nagar Western Extension have collectively collected Rs 10 lakh from their own pockets to set up 14 CCTV cameras. The surveillance system consists of eight hi-focus speed dome cameras and six fixed cameras covering a radius of three kilometres around [...] Continue Reading »
According to real estate research firm Liasis Foras, the period between Q4 2010-11 and Q4 2011-12 was characterised by low volumes and high prices. In the period, the demand for real estate in six major markets of India – Mumbai, Delhi, Kolkata, Chennai, Pune and Bangalore – fell by around 40 per cent on an [...] Continue Reading »
Criticizing Brihanmumbai Municipal Corporation (BMC) passing a proposal to chop down 481 tress for a housing project in Goregaon (E), BJP corporators have accused the civic administration of giving in to pressure from the developer and walked out of a general body meeting. The BJP has raised doubts over transplanted trees as a solution to [...] Continue Reading »
According to a report by Fitch Ratings, the real estate sector in India is to face a negative outlook in the second half (H2) of this year. The grim prediction is mainly due to sluggish demand, high construction costs and liquidity pressures. The sluggish demand is not expected to change over few months as RBI’s [...] Continue Reading »
After the Cushman & Wakefield report on national retail real estate market observing a deferment of more than 30 percent of retail mall space against the projected supply for the first half (H1) of 2012, there are speculations about the backdrop of the situation. The National Capital Region (NCR) has seen the highest mall supply [...] Continue Reading »
The slowdown in the Indian realty sector has been reflected in the books of DLF, the largest player in the segment. The net profit of DLF, India’s largest real estate company, fell 18 per cent to Rs 292 crore for the quarter ended June. The dip is quite huge compared to Rs 358 crore for [...] Continue Reading »
The Indian realty and construction sector is facing a grave problem in the form of severe shortage of workforce. While increasing urbanization is generating unprecedented demand for real estate, there is a shortage of skilled as well as unskilled laborers to meet the demand. This massive requirement for realty space results in huge demand for [...] Continue Reading »
Indirapuram in Ghaziabad, is fast becoming a realty hub. Situated in the National Capital Region (NCR) and on the National Highway-24, it is epitomized by the new age shopping malls, skyscrapers and huge commercial complexes. Experts state that the retail and commercial values recorded an average appreciation of 10-12 per cent in the capital segment [...] Continue Reading »
Shristi Infrastructure Development Corporation unveiled Tower II at Krishnagar Sentrum on National Highway – 34. Krishnagar Sentrum is a project spread over 4.5 acres. It consists of 4 premium housing towers G+13 floors covering 300,000 square feet of retail and commercial complex. The residential towers comprise of premium two & three bedroom apartments while the [...] Continue Reading »
The Hiranandani Group is to construct low-cost affordable houses in Powai. The Bombay high court restrained the Hiranandani group from starting any construction in Powai. The Powai project has been under much controversy so far. Following a public interest litigation (PIL) alleging large scale violations by Hiranandani in building flats instead of affordable houses in [...] Continue Reading »
