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Life is tough out there for the residents of Vidyaranyapura in Bangalore. Blocked pipelines, stray dog and garbage menace, ,bad roads and what not? Being a nearest area to Bengaluru International Airport, this areas fails to have all basic civic amenities. Residents of this area claim that Bangalore Water Supply and Sewerage Board (BWSSB) is [...] Continue Reading »
There seems to be no barrier to the raising property rates in Mumbai city. Its unbelievable that a property measuring 1,700 square feet in Prabhadevi (Mumbai) was sold for Rs 6.5 crores. Now this area, Central Mumbai has become a prime residential location only because it is accessible from other areas. Also this area has [...] Continue Reading »
Supertech, a Noida based real estate developer will be launching new luxurious construction which is popularly called as Supernova. The development has been estimated to cost Rs 2,000 crore comprising of serviced apartments, shopping malls, recreational centers, office spaces and residences. This luxurious project will be spread across a built-up area of 5 million square [...] Continue Reading »
Fixed loan rates has been launched against property and home loans by country’s second largest foreign lender HSBC India. The uniqueness of the loan scheme is that, a loan borrower can make pre-payments even during fixed rate period. The applicable loan rate begins from 11.25 percent for one-year loan tenors and upto 11.75 percent for [...] Continue Reading »
Bruhat Bangalore Mahanagara Palike (BBMP) has failed badly to pay heavy loan amount and has ended up mortgaging its properties to banks. This furious situation has led BBMP jumping from one debt crisis to another. It is a shocking news that BBMP has not paid salaries to its employees due to this crisis. Plans are [...] Continue Reading »
A tough task ahead for Pune Municipal Corporation (PMC), it has been ordered to collect Rs. 400 crores from tax defaulters within span of one month. However, the city tax department of PMC has till now collected Rs. 25 crores only. PMC has taken this task pretty seriously, as property tax is the main source of [...] Continue Reading »
Housing Development and Infrastructure Limited (HDIL), a leading developer recently sold a 15.5-acre at a loss of around Rs. 42 crores. This plot was bought from B M Khaitan group for Rs 115 crore and was sold with a deal of Rs. 29 crore less than purchased amount. This land dealing has surprised all the [...] Continue Reading »
Ahmedabad real estate market has remained more or less stable! It has not let the real estate developers loose their faith. All over India, current real estate trend has shaken the investors’ faith. Confederation of Real Estate Developers Association of India (CREDAI) say that the investors and property buyers are more confident of investing in [...] Continue Reading »
Maharashtra Chamber of Housing Industry (MCHI) has disagreed seeking no-objection certificates from the state government. MCHI- a body of real estate developers are hoping to seek relief from Urban Land Ceiling Act restrictions. Now that the act has been repealed, the state government has sought legal opinion as per developers request to seek exemptions from [...] Continue Reading »
Promise kept by Nagpur Municipal Corporation (NMC) in taking care of civic amenities prevailed for a short span of time. The overflowing sewage has left the residents worried and this has been a perennial problem in their locality. Resident‘s dream of having best civic amenities in their locality has failed badly. From past a year [...] Continue Reading »
