Realty News
The Bangalore Development Authority (BDA) has decided to take up development works in the HBR layout at Rs13.65 crore. The authority will spend the amount for construction of better roads, drains and culverts. The BDA has also proposed that the development works would be completed within three to four months. They are planning to construct [...] Continue Reading »
New residential project Maangalya Suryodaya in Marathalli is launched by the Maangalya Developers. 2BHK and 3 BHK apartments are available in this residential project. Total 101 apartments will be constructed in 10 floors of 3 blocks. The project site is at premium location of Marathalli. It is well connected to the entire Bangalore by the [...] Continue Reading »
Raising debt amount is becoming a burden for the DLF builders. To ease its debt burden, the real estate group is focusing on luxury home projects in India. In a report it is found that the company has faced serious construction delays which had a drastic impact on its ability to reduce its huge debt. [...] Continue Reading »
The first prestigious residential project in Bangalore to achieve 6 Star from CRISIL Bangalore is The Gardens by the ETA. The luxurious residential project is launched over an area of 16.2 acres of land. In the project 937 apartments will be constructed in 10 towers. 2BHK and 3BHK apartments will be available in a price [...] Continue Reading »
A part of the well-known ETA-Ascon conglomerate, ETA Star Property Developers has launched a 6 star rated real estate project in Bangalore. ETA Star was established with the prime objective of serving the burgeoning commercial opportunity in UAE’s free-hold market. The company offers the whole gamut of services in property development and hospitality services. ETA [...] Continue Reading »
Hines India Real Estate Pvt. Ltd, the local unit of a US-based realty firm, plans to invest into residential development projects in India and warehousing and logistics sector. Hines has built many landmark towers such as the Bank of America Center in Houston and the EDF Tower in Paris. In 2007, Hines set up a [...] Continue Reading »
The Confederation of Real Estate Developer’s Associations of India (CREDAI) has called for unleashing of immediate reforms governing the realty sector to put an end to the license raj and stop the illegal transactions in realty deals. According to a CREDAI personal, the system itself is responsible to convert the real estate business as full [...] Continue Reading »
The commercial property markets in India is showing indications of a slight turnaround with investments and rentals moving up in first quarter of this financial year. Developers for their part are gearing to tap the commercial property market with faster completion ratio and refurbishing existing properties in India. According to the RICS India Commercial Property [...] Continue Reading »
The Haryana cabinet has approved the proposal of the department of town and country planning to increase the license fee for residential plots, group housing and industrial colonies. The increased rates of license fee may impact property rates, especially in new colonies and coming up projects in Gurgaon, Faridabad, Sonepat and Panchkula districts. The cabinet [...] Continue Reading »
The real estate business in West Bengal is growing rapidly. In an analysis it is found that the hotel business is growing by 10 to 1 percent in the state. In 2012, the realty sector in Bengal is expected to grow by 15 to 20 percent. Apart from hotels, the residential projects in Kolkata and [...] Continue Reading »
