Realty News
Next to Nariman Point and Fort, Bandra-Kurla Complex (BKC) has emerged as the biggest commercial hub in the last few years. As more office complexes are coming up in the place, demand for residential properties in Mumbai also increasing in the place. For Bandra Kurla Complex a master plan has been created that consists of [...] Continue Reading »
The Union Urban Development Ministry wants evaluation of properties along the metro corridors. Taking note of the appreciation in their property value, the Ministry wants the metro systems to increase their revenue generation methods and tap into the additional funds generated thereby. The metro rail corporation has been advised to develop real estate properties in [...] Continue Reading »
According to international property consultants the cost of debt funding has been rising. Recently it is found that over 80 percent of all available capital for real estate is being plugged into mid-income housing. However, both affordable and luxury housing projects in India seem to have not attracted investments. Analysts believe that global players are [...] Continue Reading »
Shri Kailash Logistics Limited is planning to set up a 50-acre logistics park in close proximity to the the Chennai-Kolkata highway. The group is also planning to set up similar project in Bangalore, Coimbatore, Pune and Kochi. The company had planned an investment of Rs 320 crore in expanding its logistics business. They has already [...] Continue Reading »
The luxury hospitality player Hotel Leela venture has planned to open five new properties over the next five years. Currently, the hotel chain operates seven properties, out of which five those in Mumbai, Bangalore, Goa, Udaipur and New Delhi are owned by it, while the recently launched Gurgaon property and Leela Kovalamm, one of its [...] Continue Reading »
The Maharashtra government has given the green signal for the state’s second Metro rail project in Pune after Mumbai. An official of Maharashtra government said that in the first phase, it will connect Ramwadi-Wanaz on an elevated track at a cost of Rs 2,593 crore. Thereafter, in the second phase, around 44 km long, and [...] Continue Reading »
The Gurgaon district administration has found that few builders and promoters are selling unauthorized land. In a report the authority has informed the police to register a case against a real estate company here for selling plots of land without a valid license. One of such illegal real estate company is Earth Infrastructure Ltd. they [...] Continue Reading »
Bangalore’s real estate is growing exponentially with the support of the IT boon. Several areas of extended part of Bangalore are growing in terms of the realty projects in Bangalore. Marathalli and Whitefield are such area where the real estate has grown rapidly. As on date approximately 20 million sq. ft of commercial and retail [...] Continue Reading »
Real estate in India was a hot choice among the investors. Now after the implementation of new regulation and guideline by the Alternative Investment Funds (AIF) the amount of investment in real estate has reduced. The new guidelines will affect the funding for realty sector as it grants a minimum corpus of Rs 20 crore [...] Continue Reading »
House rents in Bathinda have gone down by more than 30 to 35 per cent over the past six months. Earlier, a 2 BHK rented accommodation on second floor in Bathinda city would fetch Rs 10, 000. But as the refinery employees are shifting to their newly constructed colony within the commercial establishment’s campus at [...] Continue Reading »
