Realty News
It is recorded that the Index of Industrial Production (IIP) fell 3.5% in March-2012. The market is surprised by this broad slowdown across industry groups as the IIP had expanded by 4.1% in February. The Union government of India has withdrawn the 1% TDS on transfer of immovable property that was proposed in the Union [...] Continue Reading »
The government has planned to upgrade the Edappally-Muvattupuzha Road into a State highway, since it passes through commercially important areas of Kochi Once it is declared as a State highway, more funds will be made available for enhancing the quality of the 40-km road. As a first step for the expansion plan the government has [...] Continue Reading »
AN e-commerce joint venture between Tata Steel and Steel Authority of India (SAIL), Mjunction Services Ltd, plans to acquire a 9 acre plot in Kolkata. Nokia Siemens Networks (NSN) runs a loss-making landline gear manufacturing unit in the land. As Nokia Siemens is likely to shut down its Kolkata plant as part of a global [...] Continue Reading »
Water scarcity has reached alarming proportions, ponds and water bodies in Baripada town are being used as dumping yards. The Government, on its part, is showing little interest in renovating them. It is noticed that different shopkeepers have encroached on some portions of the ponds to open their stalls, in other areas they are filled [...] Continue Reading »
Market regulator Securities and Exchange Board of India’s (SEBI) new norms for alternative investment funds (AIF) are likely to make it difficult for real estate fund managers to decide on investment policies. And it will also force them to adopt new ways to attract investors. The norms say the funds should not have more than [...] Continue Reading »
Chengalpet Municipality has constructed a bus terminus for the benefit of the residents of the area. Chengalpet is a major town in Chennai where many government offices, including district court, municipality, government schools for higher levels and government general hospital, are located. The terminus is a vital link for residents from more than 100 surrounding [...] Continue Reading »
New residential project in Mangalore, Catalonia-II was launched at Kulshekar. The project is launched by Property Infra Tech, a premier builder of Mangalore. Catalonia-II is all set to create benchmark in residential apartments in Mangalore. The builder Property Infra Tech has created several other projects in Mangalore. Some of the projects are Catalonia, Luminous, Hill [...] Continue Reading »
In RICS India Commercial Property Survey it is observed that the realty market is now witnessing improvement across the country. The report has shown that the rental expectations are turning positive this quarter as opposed to being negative during the last three months of 2011. Market activity indicates that rental value of retail properties, particularly [...] Continue Reading »
87 residential apartments in Commonwealth Games Village were sold at a total price of Rs 400 crore. At present DDA have 110 flats in CWG village. The highest bid was Rs 7.27 crore for an apartment. It is considered as the most expensive apartment in the eastern part of the city. The highest bid came [...] Continue Reading »
Digging of commercial bore wells in residential areas is increasing rapidly to provide sufficient water supply to the residents of apartments in Hyderabad. As a result, the domestic bore wells in surrounding houses and apartments are going dry, causing utter inconvenience to citizens. As per the Water Air Land and Trees (WALTA) Act, commercialization of [...] Continue Reading »
