Uncategorized
Finally, Reserve Bank of India (RBI) has kept the interest rates unchanged! This is the first time midst this year RBI has paused the hike. During this year RBI has hiked the interest rate nearly 13 times within a span of 21 months. Also central bank has shown clear signs of interest rates dropping down [...] Continue Reading »
Traffic beyond 10 pm in Nagpur city is turning conditions worse than ever! As the signal lights will be turned off as the night commences, the commuters in the city will be in the mad rush. This is leading to many accident cases in the city. Therefore the commuters have requested the traffic department to [...] Continue Reading »
A group housing project is being launched in Undri, Maharashtra which is spread over 8.64 acres of land. The project will be a group venture of Godrej Properties and Mosiac Landmarks, local builder settled in Pune. The project will offer 2, 2.5, 3 BHK and penthouse apartments in total of 5 lakh square feet area. [...] Continue Reading »
Two owners got shock of their life when they found their flats with new owners in Ahmedabad! The flats were priced at Rs 1 crore and were sold with the help of fake documents. The owners were residing in another area when this fraud happened. The flats are located at Chandkheda’s Subhashnagar. Even the neighbours [...] Continue Reading »
Hyderabad is all set and ready to welcome a multi-storied residential complex at Hyderguda for MLAs and MLCs. The state government is not contended with the accommodation of 294 MLAs and 90 MLCs in the present building. The old quarters in the present land is said to pave way for brand new 3 BHK flats [...] Continue Reading »
The cash crunch has brought in lot of indifference midst the Municipal Corporation of Delhi (MCD) and the local councillors. At the initial stages Rs. 2.05 crore was sanctioned to each of the MCD councillors to go ahead with the developmental work in concern with streetlight and sanitation, road repair and maintenance work. However, finally [...] Continue Reading »
The Mukesh Mills land construction chaos seems to be never ending, either of the conclusions are being decided in Mumbai. Now, it’s Indian Navy who has come forward to seek permission from Bombay High Court to commence construction on this land. The whole idea of Indian Navy is to allow them occupy construction on Mukesh [...] Continue Reading »
Homi Patrawala, a fort-based developer in Mumbai was arrested for cheating on a purchase of a bungalow plot at Khar. This developer was held for duping Ashok Mohanani of the Ekta Group for a sum of Rs 6.5 crore. The economic offences wing (EOW) of the Mumbai police after a detailed investigation, came to a [...] Continue Reading »
Recession hitting the job markets also had a bad impact on commercial spaces! Due to the current economic scenario, demand for office spaces in metro and major cities in the country has gone down drastically. In April-June quarter, the demand was 10.5 million sq ft area and in July-September quarter, it has fallen down to [...] Continue Reading »
Brookfield Asset Management, a Canadian firm has teamed up with Peninsula Land, a branch of Ashok Piramal Group and planning to invest Rs 500 crore fund in real estate sector. It is a joint effort and the fund will initiate from April 2012. The fund will also have an over allotment option of Rs 150 [...] Continue Reading »
