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The Infrastructure Development Finance Company Ltd (IDFC) has planned to invest at commercial real estate. The financial service firm set up a separate investment team who will look for proper investing options. According to an official if IDFC, they are aiming to make 3-4 major investments in coming year. Last year IDFC invested into projects [...] Continue Reading »
The Mumbai Police rescued a real estate broker from the boot of a car. Police said the real estate agent took money from the persons who abducted him, but failed to provide the apartments in time. The Broker named Samit Ghangale thanked the Mumbai police for saving his life. He also added that he had [...] Continue Reading »
As the inflow of population towards Mumbai is increasing day by day, it is became harder for finding a home. The congestion of the city is increasing every day leading to space scarcity for the blue collared people. For those who are accommodating in rental houses has to search for new apartments almost after every [...] Continue Reading »
The government of Tamil Nadu announced revised floor space index (FSI) plan for the affordable housing project. The government also declared that the builders need not to pay any additional charge for construction of apartments with higher FSI. The state finance minister also announced more interest waiver on housing loans disbursed by cooperative housing societies. [...] Continue Reading »
The residential price in Surat have increased fastest compared to other major cities in India. National Housing Bank track the housing prices with residential index (Residex). It is also observed that the residex of Chennai (9.2), Pune (8.9) and Delhi (8.4) follows Surat (9.4). As Surat is the city having highest annual household income in [...] Continue Reading »
Though it is assumed that Hyderabad is a costly city to live in, report says that the cost of real estate properties in Hyderabad is falling since last year. The reduction in the cost of apartments happened in a range of 8% to 14% over the year 2011. The major impact on the real estate [...] Continue Reading »
Summer has already rushed in and the power cuts are back into action! The talk of the hour is that power cuts are being planned to be extending for more number of hours. At present Chennai city is facing two hours of regular power cut, however now it has been planned to be extended upto [...] Continue Reading »
The St Thomas Mount and Velachery Main Road in Chennai city is closed since two years. These roads have connectivity to newly-merged areas of Greater Chennai. Therefore the citizens of Chennai want to start the Metropolitan Transport Corporation (MTC) services here. However, in reply to this the MTC experts say that there is enough buses [...] Continue Reading »
This year budget has brought great hopes for those builders who were indulged in developing affordable homes. As per the current external commercial borrowing (ECB) norms, interest rates will be charged less in case of loan taken from foreign financial institutions than domestic ones. Also loans have been made cheaper for affordable homes’ buyer by [...] Continue Reading »
Bangalore, the city which was once rich with many residential communities can no longer take credit for the same! One of the reasons being, many migrants seeking jobs in this vast city giving it a more professional view. To take an initiative, the senior citizens of South Bangalore have decided to rebuild the old residential [...] Continue Reading »
