Uncategorized
Mumbai property rates are hitting sky and no wonder the demand for them have dropped down negatively. The property deal registrations in the city has become a night mare to the property buyers. According to the recent realty data, Mumbai realty deals have dropped up by 20 percent dashing in huge loss to the city [...] Continue Reading »
The door-to-door survey of properties in Visakhapatnam bore no fruits for the Greater Visakhapatnam Municipal Corporation (GVMC). The property arrear pending has exceeded Rs.110 crore. Due to this pending survey majority of the GVMC staff members were not given salaries. Out of 126 staff members, 24 were able to cover up the target of collecting [...] Continue Reading »
Teaser loans are offered to ease a a borrower’s tension but nobody knows what is in store for future! A time being relief can be obtained by availing loans under teaser loan scheme. State Bank of India (SBI) had provided home loans based on teaser rate scheme three years ago. A home buyer had to [...] Continue Reading »
The Delhi Development Authority (DDA) has failed badly to provide affordable housing in a good number since five decades! The land in Delhi is in scarce and it comes expensive at the same time. This paved way for the real estate boom in cities like; Gurgaon and Noida. Now, that the Master Plan proposal is [...] Continue Reading »
Sector 22, Gurgaon residents are against laying wires in their area. The high tension wires were being installed for the upcoming special economic zone (SEZ). Worried over the ill effects of the 11 KV electric lines, the residents protested and prevented the labourers to lay the wires for safety reasons. Police had to be called [...] Continue Reading »
Hyderabad demolition drive is high speed almost covering whole of the city. Greater Hyderabad Municipal Corporation (GHMC) has covered demolition at Madhapur, Kukatpally and Ayyappa Society and now fast moving ahead to cover L B Nagar municipal circle. GHMC experts say that the illegal constructions in L B Nagar was overflowing with illegal structures especially [...] Continue Reading »
A new round of worries are about to hover on Indian real estate sector! According to a report by Jones Lang LaSalle, private equity (PE) funds who had invested in Indian realty are going to make an exit by 2012. The total loss of investment would be around $3 billion to $5 billion. The main [...] Continue Reading »
Samira Habitats, a real estate developer based in Alibaug have to let go of an equity fund called IndiaReit owned by Ajay Piramal. The main reason for this exit is that the investment tenure of IndiaReit is over and has to be renewed again. The equity fund based company can only make an exit if [...] Continue Reading »
The Jammu and Kashmir’s Dal Lake is in a threat being polluted with the dumped untreated sewage and fertilizers. This lake is one of the world’s largest freshwater lakes and very soon this lake will turn into a dirty pond. According to the recent survey, government has learnt that the lake bed is covered with [...] Continue Reading »
The Commonwealth Games flats will soon be allotted to state and central government departments. The Delhi Development Authority with the approval of urban development ministry will be heading this project. In total there are 1168 flats at Commonwealth Games village (CWG) in which around 711 belongs to Delhi Development Authority (DDA). The DDA flats are [...] Continue Reading »
