Realty News
The Union Ministry of Housing and Urban Poverty Alleviation is in the process of finalizing the brand new affordable housing policy for residents of India. According to sources it may take another two months to complete the process of formatting the bill. The government had already allowed external commercial borrowing for low cost houses in [...] Continue Reading »
In a report by a global property consultancy firm it is came to know that Hyderabad, Chennai and Pune are among the top five cities in the world with the lowest office occupancy cost. Total occupancy cost includes real estate price, infrastructure and efficiency of buildings. Costs have come down in these three cities because [...] Continue Reading »
It is a known fact that property in rapidly-developing cities as Bangalore will find demand across all price points. At this point in time, moving funds from riskier equity-based investment avenues to the stable realty space is an option worth considering. Just as in the case of equity, property too is a medium to long-term [...] Continue Reading »
After the high court has directed to remove all constructions falling in the catchment area of Sukhna Lake, the authority has carried out a demolition drive to pull down houses and upcoming structures in Kansal and Nayagaon areas. The drive was carried out by a team of 12 officials, which pulled down 12 structures. The [...] Continue Reading »
Like other metro cities in India, green buildings will also be constructed in Ranchi. All the coming up real estate projects in Ranchi has planned to implement the concept of green building. The constructions are going on for the projects of Central Institute of Psychiatry Kanke, Indian Institute of Management Ranchi, and Central University of [...] Continue Reading »
The NRI business group Maangalya has invested in real estate business in India. The group Headquartered at Singapore has wide ranging operations in Malaysia, Indonesia, Philippines and India. Maangalya Developers had executed both commercial and residential properties in Bangalore. At present Maangalya has undertaken two Projects Maangalya Ashirwad and Maangalya Prosper. Maangalya Ashirwad is a [...] Continue Reading »
The property tax department of Pune has started a short message service (SMS) that will inform citizens about their tax dues on their properties at Pune. The municipal commission has declared that those who wish to get details of their dues by text messages should type NI, followed by their property number, and send it [...] Continue Reading »
The employees of defense public sector unit BEML have created housing co-operative in Karnataka. The top management of the housing society are now under the CBI scanner for alleged irregularities in the purchase of Tata trucks, has been accused of allotting as many as 63 residential sites in violation of housing co-operative rules in 10 [...] Continue Reading »
The Haryana Government is planning to increase the property registration rates for the financial year 2012-13. The expected hike in the property registration rate may be around 15%. The rate of registration cost for the properties in Gurgaon has witnessed several hikes in last one year. 20-33% hike in registration cost was announced by the [...] Continue Reading »
The hospitality industry in India is witnessing increasing number of private equity investments in various projects. In 2010, the industry saw only five private equity deals with a cumulative value of $156 million. By 2011, the deal amount grew to $299 million and during the first five months of 2012, hospitality industry has raised $121 [...] Continue Reading »
