Realty News
People often sell their house for several issues. They might be inadequacy of space, increase in cost of the plot and securing a handsome price in case of sale of the old house, or they are tied up with builders to build multi storey apartments on their plots and giving them possession of one floor [...] Continue Reading »
The Legislative Assembly of Andhra Pradesh had passed the Act for regulating promotion of construction and sale of apartments in multi-storied buildings in Hyderabad and other areas of the state on ownership basis. This regulation will provide transferability and heritability by the individual purchaser of not only the apartment concerned but also the fractional interest [...] Continue Reading »
It is reported that more than half of Mumbai’s luxury apartments, both developed and under construction, remain unsold. It is found that more than 3300 luxury apartments were developed in Mumbai and priced in a range of Rs 10 crore to 100 crore. The regulatory uncertainty, surging prices and supply glut had prompted the super-rich [...] Continue Reading »
Today, the real estate sector is the most consumptive industry as it uses up a lot of money, energy and resources during the process of construction and throughout the building’s lifetime. With an average life time of 30 to 50 years, a building can contribute to huge economic and environmental losses if not designed carefully. [...] Continue Reading »
The Tamil Nadu Housing Board (TNHB) has planned to adopt Public Private Partnership (PPP) model to develop real estate projects in Chennai and other areas of the state. In the first step, the state government will start its first PPP venture at K.K. Nagar after finalizing bids from private developers. The government also planned to [...] Continue Reading »
Over the last one year investment in Indian real estate is less in terms of amount and numbers. The scenario is directly correlated to the economic dynamics now working in the country. According to Private equity funds, only three cities Mumbai, Delhi and Bangalore have the potential to deliver, and they is why close to [...] Continue Reading »
Mahima Nest, a residential property in Habbel, north Bangalore was launched by the Mahima World wide Developers Pvt Ltd. This apartment is located near Hebbal flyover with all modern & luxuries amenities like swimming pool, gymnasium, yoga center, kids play area, party hall, 100 vaastu, garden, 24 hrs power back-up, 24hrs water supply for both [...] Continue Reading »
In present economic scenario, the real estate in India is struggling to get its pace. But Mumbai real estate has once again recorded the most expensive apartment deal in the country. A 28th-floor flat in Tahnee Heights, a residential skyscraper on Nepean Sea Road in south Mumbai, has sold at Rs 1.20 lakh a square [...] Continue Reading »
A sea-facing Napean Sea apartment has been sold for Rs 39 crore to Jindals. This real estate transaction is a record in Mumbai realty sector. The 35-storied Tanhee Heights is one of the plushest residential buildings in south Mumbai. It has a swimming pool, a fitness centre, a club house and a community centre. This [...] Continue Reading »
Bangalore based real estate developer; Embassy Group and Maini Group have formed a joint venture with the state government to develop logistics parks in Karnataka. The Embassy Group has a strong presence in the residential, commercial and IT/ITES space in Bangalore. The group has signed a Memorandum of Understanding (MoU) and shared Expression of Interest [...] Continue Reading »
