Realty News
The Surat Urban Development Authority has planned to increase the floor space index (FSI) on both sides of the Ring Road. This new idea will encourage the real estate developments in the areas by the ring road as SUDA has reserved 500 meters on both sides of the road for town planning schemes. In the [...] Continue Reading »
The Nagpur Municipality has decided to fast track the assessment work of properties in Nagpur. The work is pending for many years and this delay is causing a huge loss to the NMC. According to the Municipality there are 5.5 lakh properties in the city. It is necessary to reevaluate the properties in every five [...] Continue Reading »
According to analysts, the demand for residential properties in India will remain stagnant for some more time. After the reduction of the Repo rate by the RBI, the real estate sector hoped for some better scenario. Bu,t it is observed that the rise in demand is not happening as per the expectation. That is why [...] Continue Reading »
BBMP has planned to reconstruct the Ejipura EWS quarters. At present more than 1500 families are residing there and BBMP has started issuing biometric cards to people who were originally allotted houses by BBMP. After the collapse of few blocks of the quarters in 2003, many families moved out and rented their houses to other [...] Continue Reading »
To evacuate traders from the Russell market, BBMP has issued a notice to the traders at Russell Market that water supply to the market will be stopped and the toilets on the premises will be locked. Earlier the BBMP had disconnected the electricity supply in the market.But, the traders had pooled in funds and arranged [...] Continue Reading »
The Haryana Urban Development Authority (HUDA) has revised the policy to grant the extension in time for the construction on institutional sites. In the new policy the total period of construction completion has been raised to seven years of which five years are with extension fee. Earlier, the total construction period was five years with [...] Continue Reading »
Many high valued properties in India are avoiding the payment of stamp duty as the buyers are acquiring the shares of the construction company, which owns the property. In the process the buyers are not transferring the ownership of the property in their name by paying stamp duty. Thus the seller avoids the payment of [...] Continue Reading »
India’s largest homegrown private equity firm, IL&FS Investment Managers Ltd (IIML) has planned to launch a fundraising program under the name of Yatra Capital. Yatra Capital is an India-focused real estate investment firm and acquired by IIML two years ago. Yatra Capital has already raised 220 million euro for investment in the real estate in [...] Continue Reading »
Real estate projects in all Tier II and III cities are attracting more PE investors to invest in realty projects in India. With the fund flow from the PE firms, the realty markets in smaller cities are growing much faster. Earlier, the PE firms were keen on investment in top metros in India, but now [...] Continue Reading »
Bahadurpura is coming up as the next residential and commercial hub of Hyderabad. The real estate activities are growing fast in the area and its surroundings. Bahadurpura is becoming the preferred destination for businessmen and residents as the area has better infrastructure and availability of space is much better than any other location in the [...] Continue Reading »
