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Major headache! Yes, the developers and builders are worried as the sale of apartments and commercial spaces in the city swooped down from long time. Rising mortgage rates and real estate prices has raised loss of interest in prospective home buyers in Thane city. From past eleven months, property sale transactions has crumbled from 24,601 [...] Continue Reading »
Lakshadweep islands witnessed major property loss and damage due to heavy rainfall recently. Heavy rains lashed various places in Lakshadweep islands causing damage to properties estimating Rs 200 crore. A cargo vessel along with six people on board has been found missing. The eastern side of Kalpeni island has been affected the most, say experts. [...] Continue Reading »
Property owners who own their property in surrounding areas of Bangalore metro line are awaiting for their property to appreciate in value. With the launch of Namma Metro all over the city, home buyers and realtors in the city are busy calculating capital to be fetched for their property. Meanwhile the industry experts say that it is [...] Continue Reading »
Delhi residents be ready to fork out money for the new tax schemes. Property owners from now onwards should pay education cess as a part of property tax. The Municipal Corporation of Delhi (MCD) has planned to impose this tax on property owners insisting them to pay it annually. MCD official say that, they are [...] Continue Reading »
“One stop Property Show” will be held in Vijayawada city from this Saturday. A two day property show will be providing a common platform to real estate companies and firms under one roof. Show hosts say that they will be showcasing a wide range of housing projects to accessories in concern with the realty and [...] Continue Reading »
Mumbai based developer Hiranandani Constructions is all set and ready to invest Rs 3,000 on various realty projects across the country. Hiranandani Construction experts say they would be investing nearly Rs 2,000 crore to Rs 3,000 crore for many new launches by the end of 2012. The company will be investing on residential and hospitality sectors [...] Continue Reading »
Back to back demolition was carried out at Bhubaneswar along the entire stretch from Sainik School and Acharya Vihar. This was a join ventured demolition drive headed by Bhubaneswar Development Authority (BDA) and Bhubaneswar Municipality Corporation (BMC). Eateries, PCO’s and many such commercial buildings were demolished as these had encroached upon the road creating a [...] Continue Reading »
Shimoga city will soon be getting 1 lakh square feet of IT work space and is expected to be completed before December 2011. The IT park is being built at a cost of Rs 15 crore offering the investors Rs 5 per square feet per month. IT park will entail other such benefits and professional educational institutions, [...] Continue Reading »
Illegal constructions is not spared even around historical monuments. Recently, Pune municipal corporation (PMC) traced nearly 160 illegal constructions within the prohibited and regulated areas where historical buildings are raised since times immortal. Today, Archaeological Survey of India’s (ASI) Mumbai Circle, has been surrounded by illegal constructions. ASI experts say that around 120 buildings are [...] Continue Reading »
Builders in Noida who have their upcoming residential or commercial projects in hand will have to pay enhanced compensation to the farmers. Greater Noida authority (GNA), in a meeting with the developers has passed orders to pay an extra sum of Rs 2,015 per sq mt within next three months. According to the data collected by [...] Continue Reading »
