Realty News
MJR Platina was launched by MJR Builders. The project is located near Silk Board in Bangalore. The project offers 2BHK and 3BHK apartments in a G+9 formats. Every apartment in this project is designed to have more open orientation with lush greenery and landscapes around to ensure adequate light, airflow and relaxed atmosphere. This project [...] Continue Reading »
It is reported by a real estate consulting firm that the cost of residential property in Mumbai will start increasing in coming months. The demands for the affordable apartments are increasing, which will help the builders to keep the cost of the properties higher. The report has also said that the cost of properties in [...] Continue Reading »
Land acquisition continues to be the biggest hurdle for implementing projects in Karnataka. About 389 projects will be launched in Karnataka. The Memoranda of Understanding (MoU) for those projects were signed in the Global Investors Meet (GIM). All those projects will draw an investment of Rs 3.92 lakh crore in the state. Majority of the [...] Continue Reading »
The Haryana government has to met with the anger of the residents for its new property taxes rules. The citizens are calling it a scheme to extort double tax from them. The government had announced a token Rs 1 property tax per square yard on residential properties of 250 square yards or less and apartments [...] Continue Reading »
Kolkata Municipal Corporation has sold a 2-acre plot on EM Bypass for Rs 115 crore. This is the highest price KMC has ever got for land. AHW Steels bought the land, and the construction will start in next two months. The group plans to set up a luxury residential complex in Kolkata in the land [...] Continue Reading »
Though it is found that the performance of DLF is slightly better than last quarter, they are still struggling to attract the investors. Most of their projects are still laying unoccupied due to high interest rate for funding. Most of the home buyers are looking for local builders for buying apartments in India. That is [...] Continue Reading »
Bata India Ltd has exited its real estate joint venture project at Bata Nagar in the southern fringes of Kolkata. In a joint venture with Calcutta Metropolitan Group, Bata India was constructing an integrated township project in Kolkata. The Managing Director of Bata India has confirmed that the project will be run by the partners [...] Continue Reading »
Indian GDP is driving by the Indian real estate sector. It is also playing a major role in terms of employment generator. As the population is growing, the needs for individual apartments are increasing in India. But simultaneously, the increasing population is becoming a threat to the natural resources. To preserve the natural resources and [...] Continue Reading »
The reality of real estate in Mumbai is covered by high prices, low rentals, no absorption, falling demand and an overheated market. The demand and absorption rate of office space in Mumbai is sluggish for a long time. Though there are few high scale of sale is happening in the office space section, the overall [...] Continue Reading »
The Confederation of Real Estate Developers Association of India (CREDAI) appealed to the Prime Minister to intervene in the real estate regulatory bill, so that the regulation will be able to prevent the inflow of black money into the realty sector. According to the president of CREDAI, 20 years back Manmohan Singh, as the Finance [...] Continue Reading »
