Realty News
Vivarta Maagan, a residential apartment in Bangalore developed by Daya MK Developers Pvt Ltd. Kamanahalli is a prime location in Bangalore town and traveling to and from Kamanahalli is easy. Nice road connect to all major areas including Electronic City, Hosur Road. Connecting to Mysore Road is less than 2 KM which is in the [...] Continue Reading »
Princess Tower in Dubai has been recognized by Guinness World Records as the world’s tallest residential building. It is 107 storey tall luxurious residential complexes in Dubai. Measuring 414 meters from base to tip, the tower comprises six basement floors, a ground floor and 100 above-ground residential levels. The tower is constructed over an area [...] Continue Reading »
The NCR Planning Board has recently approved a new Master Plan 2031. There is a lot of scope for infrastructural, residential and commercial development like widening of roads with elevated structure and underpasses, flyovers, greenery, high rise buildings, hotels, major Metro and road linkage projects to ease traffic, etc in the new plan. According to [...] Continue Reading »
Realty sector in Bangalore is facing a tough time as IT industry demand goes down. The absorption rate of office spaces are dropping across India’s seven largest cities. Uncertain economic conditions coupled with the euro zone crisis leads to this situation in the Indian real estate sector. Demand from IT/ITES sector has dropped from the [...] Continue Reading »
It is found that there are no takers for nearly 1.1 million sq ft, or 11 lakh sq ft of ready office space in Mumbai’s commercial property market. The high vacancy in turn, has put pressure on commercial rental rates. In uncertain economic conditions companies are staying away from leasing space, which leads to the [...] Continue Reading »
Haryana Urban Development Authority (HUDA) has decided to construct the Sohna Road in Gurgaon. The Sohna Road is a 6-km stretch road starting from Rajiv Chowk till Badshapur. HUDA had sanctioned funds amounting to Rs 48.53 crore for the project. The government handed over the project to PWD’s (B&R) Haryana State Road Development Corporation (HSRDC). [...] Continue Reading »
Minister of State for Transport in Maharashtra was arrested for alleged involvement in a housing scam related to construction of 11,000 low-cost houses in Jalgaon, north Maharashtra. Construction tender was floated by the Jalgaon Municipal Council in 1997 for the housing scheme. It promised to provide nine plots for the project. It was found later [...] Continue Reading »
The US private equity firm Blackstone has planned to invest in different real estate projects in India. As an initiative the private equity firm wants to buy the two special economic zones in Gurgaon and Noida and an IT park in Kolkata in a deal worth over Rs 3,000 crore from Unitech. Unitech has been [...] Continue Reading »
Acquiring land for industrial and infrastructure development in India will be a tough job after the Land Acquisition Bill get confirmation of the parliament. The industry is alarmed by the panel’s suggestion that the government should no longer help the private sector buy land. Instead, they recommend the government should intervene in negotiations with landowners [...] Continue Reading »
Land acquisition is happening for the construction of Churchgate-Virar elevated rail corridor. This acquisition is going to impact several middle classes, upper middle class households with apartments in the area. According to the list of the plots of land that will have to acquire will impact close to 100 residential properties in Mumbai. As of [...] Continue Reading »
