Realty News
In a recent land audit, it is calculated that Karnataka Housing Board owns unaccounted property worth over Rs 1,000 crore. In the audit it is also pointed out that those 18,000 properties in Bangalore are not registered in the asset register of KHB. The government has planned to distribute the newly identified assets to the [...] Continue Reading »
Apartments in India are the dream of every individual. It is also considered as the largest investment of lifetime. But before anyone prepares the budget for their apartment in India, he should consider several added expenditure over the cost of the apartment. Floor rise charges of approximately Rs 25 per sq ft will be added [...] Continue Reading »
The Kerala municipality has planned to frame out the city master plan for the Kozhikode Corporation. The comprehensive master plan for the development of the city will be framed out by the end of June. Experts from the National Transportation Planning and Research Centre (NATPAC), Center for Water Resources Development and Management ( CWRDM) and [...] Continue Reading »
In a report by Global Property Consultants CBRE South Asia, it is stated that the cost of the residential properties in India has witnessed a steady rise. But there is no increase in the demand curve for those properties across India. The cost of the properties has increased because of several hikes in interest rate [...] Continue Reading »
The Gujarat State government has approved the Town Planning Scheme for Surat. The Surat Municipal Corporation had sent various Town Planning Schemes for approval to Gujarat Government and suddenly 12 of them got final approval from Gujarat Government. Town Planning Schemes are made to organize the city development and ensure bigger roads and lots of [...] Continue Reading »
A five star hotel Shangri-La at Lower Parel was constructed without the environment clearance. It is also claimed that the 39 storey hotel was constructed on the partial premise of High Street Phoenix. The Ministry of Environment and Forest’s state expert appraisal committee has visited the construction site recently and confirmed that the structure has [...] Continue Reading »
The cost of commercial properties in Ahmedabad has started sliding down. The office spaces are getting sold at 20 percent less price than the present market rate. The supply of the commercial property space has increased to 30 lakh sq ft. As the real estate investors are exiting the market, the cost of the properties [...] Continue Reading »
Water scarcity is going to be a challenge for the residents as well as for different civic authorities in India. To overcome the crisis, experts from the industry sector and real estate urged that industries and builders need to implement rainwater harvesting in projects in India. According to the experts, government must provide assistance in [...] Continue Reading »
Real estate in Pune is reported as favored destination amongst Real Estate PE funds since 2005.Most of the funds are based out of Mumbai, which gives Pune obvious preference, as the city’s proximity allows these funds to track and monitor the market. The interest in investing in Pune market is increasing, as it is among [...] Continue Reading »
A recent study made by a real estate consulting firm has revealed the fact that about 74 per cent home buyers across India are negotiating for a ready-to-move in property. Due to delay in construction, people are less interested in investing in newly launched projects. The survey was conducted in Delhi, Mumbai, Kolkata, Bangalore, Kochi, [...] Continue Reading »
