Realty News
Considering the cost of the properties in India it seems that the demand for the properties in India is increasing. But the scenario is opposite to what it looks like. The costs of properties are raising and the demand has fallen in all major cities in India. The main reasons of falling demand of properties [...] Continue Reading »
L&T’s construction division has won orders valued at Rs 2,592 crore for the construction of multi-storied residential apartments in Bangalore and Gurgaon, including additional work in ongoing projects. In the commercial segment, L&T has got orders totaling Rs 1,165 crore for the construction of mixed-use development, a hospital building and institutional buildings. The company has [...] Continue Reading »
BBMP has planned to outsource the additional work to clear mess created by the rain. They are planning to outsource the additional resources required during monsoon, as it will be a burden for the BBMP to keep more staff throughout the year. BBMP thinks that this decision will make the cleaning process faster as the [...] Continue Reading »
The Krishna District Building Workers Union and Center of Indian Trade Unions have launched a 48-hour hunger strike demanding the State government to take necessary steps to ease the sand scarcity. The building workers vowed to protest near Sub Collector’s office until the government heeded to their demands. The workers union is protesting against various [...] Continue Reading »
Godrej properties is planning to acquire 14 acre land in Bangalore from Housing Development and Infrastructure Ltd. The cost of the property is estimated at Rs 100 crore. According to sources, the Godrej Property may pay up to Rs 105 crore in case if HDIL obtains all permissions for construction on the land. HDIL plans [...] Continue Reading »
The demand for commercial real estate in Mumbai has witnessing a lower trend as the market is oversupplied by available properties. As the demand for apartments in Mumbai has reduced in last year, most of the builders in Mumbai have shifted to construction of commercial properties, which has increased the supply level. Now the developers [...] Continue Reading »
New Town is appearing as the latest commercial hub of Kolkata. As the demand for office space is increasing by the IT industry and several expansions of secondary and tertiary industries increasing in Kolkata, New Town is coming up as the destination of the real estate projects in Kolkata. It is noticed that commercial transaction [...] Continue Reading »
The size of Mumbai is increasing. According to 1991 development plan, the size of the city was 437.71 sq km. While at the latest city plan it is observed that the area of the city has been increased to 457.17 sq km. This increase happened due to the change in definition of the open spaces. [...] Continue Reading »
Before applying to home loans any individual must look into his income, current expenses and track record from Credit Bureau as these are very much important for availing any home loan. According to a higher official of HSBC, buyers must opt for floating rate of interest in the current economic scenario while going for any [...] Continue Reading »
Panchshil Realty has bought back its stake in three projects from Merrill Lynch and IREO for over Rs 720 Crore. Panchshil realty has acquired 50% stake from IREO Real Estate in two projects – EON SEZ at Kharadi and a high-end residential project at Hadapsar for R480Cr. The third buy back was done in the [...] Continue Reading »
