Uncategorized
Not only the builders and construction companies are bearing the burnt of realty sales down, however the cement companies are also facing the same scenario. According to the recent data even with the drop down in realty sales, the cement net profit of companies like; AV Birla, south Indian giant India Cements and JK Lakshmi [...] Continue Reading »
A mid-income residential project is being developed at northern peripheral road in Gurgoan. This is said to be Noida-based builder Assotech’s first project in Gurgaon city. In which, Sun-Apollo India Real Estate Fund has invested Rs 75 crore and the fund will be given 49 percent shareholding. The realty experts say that they have been [...] Continue Reading »
Now with the fall in realty sales the builders have lost faith in commercial property market. The major reason is the drop down in residential realty sales. However, according to the latest RICS India Commercial Property Survey now the investment demands of the realty sector has cooled down when compared to previous few quarters. Due [...] Continue Reading »
Chennai Corporation in a step to minimize the property tax assessment and collection procedure has come up with a new idea. The authority is soon going to launch a GIS based survey system for property tax. Soon, the corporation has plans of calling for tenders for property surveys in Adyar zone having 13 wards. About [...] Continue Reading »
The saga of unstoppable SMS alerts continues! Municipal Corporation of Delhi (MCD) has decided to send SMS alerts to the property owners to pay property tax on time. The network provider will charge 1.25 paisa from MCD for first 50 lakh messages and then 1 paisa for next 50 lakh messages sent. In the message [...] Continue Reading »
AMR Infrastructure, a real estate firm based in the national capital is planning to invest in a township in Greater Noida. The project worth Rs 1200 crore is of 25 acres which will include residential and commercial spaces and a shopping mall. The investors have already put in Rs 600 crore and they plan to [...] Continue Reading »
Saga of good work done by Bruhat Bangalore Mahanagara Palike (BBMP) are quiet less to hear! Residents of Jayachamarajendra Ward are highly content with the basic amenities provided by the civic body. However, the children in the ward play on the streets as there is no playground in the area. The residents have demanded a [...] Continue Reading »
Developers in Ahmedabad have taken innovative ways to market their projects. They have gone starry ways and have roped in tinsel town celebrities for launching projects. Stars like Amitabh Bachchan, Hema Malini, Juhi Chawla, Bappi Lahri and Darsheel Safary are being asked to advertise the projects for better sales. However, experts doubt these efforts stating [...] Continue Reading »
The recent seven day tour of Confederation of Real Estate Developers Associations of India (Credai), Gujarat Chapter participated in several conferences in the Middle East. In the developers’ meet, a 61-member delegation came to this conclusion that some of the investors in the far Middle East as well as Oman and Jordan were taking keen [...] Continue Reading »
In the era of high property prices, developers are looking for ways for more property sales. Mumbai developers are now shrinking the size of their apartments to make it look inexpensive than the ongoing rates. Even developers in the national capital and NCR region are taking up the same idea. By giving a smaller look [...] Continue Reading »
