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Torrential rain fall caused havoc in Coimbatore recently, as life in the city came to a grinding halt because of the subsequent water-logging in streets and sub-ways. Commuters and residents were left stranded for a long time as relief workers toiled hard to bring the situation to normal. The situation in the city turned worse the downpour [...] Continue Reading »
Residents in Mira Road and Bhayander in Mumbai were left helpless as the auto rickshaw drivers had called a strike to protest against the alleged behavior of the Mumbai city traffic police. The strike was called off recently after a meeting that was held between traffic police and the representatives of auto rickshaw unions. The strike was directed [...] Continue Reading »
Jaycee Homes, the premium property developer for over 15 years is all set to foray into the affordable housing segment in Mumbai. The venture has witnessed a recent slump faced by the real estate sector and hopes to cater to people in seeking affordable homes. However earlier the company’s director Dipesh Bhagtani had remarked that, [...] Continue Reading »
The heavy rainfall at Varanasi lead to damaged roads in and around the city and the district administration has filed a petition for the allotment of Rs. 56.75 crores for restoration works. The budget will come under the Calamity Relief Fund (CRF) and will be forwarded to the relief commissioner in Lucknow. The petition was filed soon [...] Continue Reading »
Property developers seem to have taken the tech-route of social media platforms in order to promote their properties and subsequently lure customers. Developers unanimously agree that along with real estate specific platforms like commonfloor and other social networking sites such as Facebook, Twitter and You Tube have tremendous potential to generate business. There are reports confirming [...] Continue Reading »
The Lodha Group a realty developer has come forward to invest more than Rs 10,000 crore for project development on a 22 acre land at Wadala in Mumbai. The investment proposed by the Lodha Group will include development and construction cost and also the interest rates in concern to this property will be paid to [...] Continue Reading »
The National Highway Authority of India (NHAI) in New Delhi is inviting bids for Operations, Maintenance and Tolling (OMT) contracts for 3,000 to 4,000 km long highways for the up coming year. The project is an add on to the 2,900 kms of highway which the authority has already proffered for bidding earlier. It has [...] Continue Reading »
Indian financial market is facing a slowdown in economic growth which is increasing bad loans resulting in home loan borrowers to face annual burden of Rs 6,000 crores. There is a drastic increase in Equated Monthly Installments (EMI) and this due to the rising interest rates. Meanwhile the Reserve Bank of India (RBI) has hiked key [...] Continue Reading »
The Hubli-Dharwad Municipal Corporation has been given a permission to develop new and well maintained supermarket that is expected to be coming into existence soon. The residents of Dharwad started demanding for the development of supermarkets. The prevailing supermarket has been maintained by the BJP and lack of political agenda has resulted in the market [...] Continue Reading »
The property buyers are interested keenly in the suburbs in almost all the cities and suburbs that have benefited from infrastructure development. People who are working in cities prefer to invest in real estate in their home towns, since the overall capital investment is lower and much affordable compared to cities. Coimbatore, Tiruchi, Tuticorin and [...] Continue Reading »
