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The year 2011 was filled with sentiments for Indian real estate market. Neither the rental nor the apartment sales did well this year! As the Indian realty is balancing on the demand and supply foundation, the result is not surprising. May it be share equities, hike in interest rates, increase in property prices, high inflation [...] Continue Reading »
A renowned real estate group, Puravankara Projects is to sell three commercial properties to clear off its rising debts. The properties are located in Bangalore and Chennai and will be sold at around Rs 250 crore. Currently, the group has an outstanding debt of Rs 1,160 crore as the profit has been down by almost [...] Continue Reading »
The agenda of levying fine on the traffic signal violators is not just to add it on to the government revenue bag or to burden the commuters. There is an intention behind Delhi traffic police taking up this as a mandatory rule. According to the recent traffic survey, 10 percent of the accidents and death [...] Continue Reading »
Traffic management in the Bangalore will be a biggest challenge for the year 2012, right from the New Year eve. As usual city’s hotspot Commercial Street and Brigade Road during the New Year eve will be filled with thousands of people and vehicles, traffic chaos or jam at this time won’t be a surprise! Bangalore city [...] Continue Reading »
Mumbai is the only city traced till now which does not even spare the slum dwellers from paying property or any such taxes! “Is it that necessary to collect property tax for slum dwellers?” This sounds pathetic, indeed! There are no traces as to why the Brihanmumbai Municipal Corporation (BMC) is levying tax burden on [...] Continue Reading »
The City and Industrial Development Corporation (Cidco) will be selling 10 prime plots at Nerul. This land is receiving unbelievable high prices and therefore Cidco has decided to sell this plot in Navi Mumbai. At present Cidco officials have open the bid for 10 plots that are located near Ghansoli, Kharghar and Panvel. These plots [...] Continue Reading »
The home loan sales have grown down drastically in India. India’s top home loan lender State Bank of India (SBI) has witnessed major drop down by 14 percent in home loan sales. From a year ago, around Rs 1,000 crore has been paused from home sales in the first half of the year. However, [...] Continue Reading »
The shop owners at Mapusa in Goa are heading forward for a protest in concern with shop rental rate hike at the municipal market. In general 10 percent hike in rental rates every year is a rule followed up. However, this mandatory rental hike is leaving these small merchants or shop owners in Goa municipal [...] Continue Reading »
Vijay Shanthi Builders who are into providing its customers art and lifestyle apartments recently announced the sale of it’s project Park Avenue (Phase I). The entire project of Park Avenue has been declared to be sold which today bares a cost of Rs.95 Crores. Park Avenue is located Vandalur Kelambakkam Road (SH-121), Melakottaiyor Village, Chennai. [...] Continue Reading »
Apartments are in trend today! The metropolitan cities in India have best of best apartments in them. Bangalore’s sibling Mysore is nowhere far from following up this trend. Apartments in Mysore today is established with a luxury living. A breathtaking view of Mysore Palace and Chamundi hills will be a general add on from all [...] Continue Reading »
