2011
Realty experts in Bangalore time and again feel like having a glimpse of realty sales and growth happened during year 2011. 2011 in Bangalore witnessed maximum realty launches and remarkable achievement in the residential sales. Even at the time of increased interest loan rates, sale of apartments made a good remark! However the realty biggies [...] Continue Reading »
The state and central housing bill’s motto is to bring in more transparency and accountability in the Indian realty sector. Maharashtra has been the first most state to uphold strict laws in concern with the Maharashtra Housing Act, 2011. The citizens feel that this act has stringent norms in them being a barrier for a [...] Continue Reading »
It’s high time that Bruhat Bengaluru Mahanagara Palike (BBMP) has to clear all loan interest payments! December 31, 2011 is the final deadline for BBMP to pay Rs 750 crore to various banks. BBMP has around 500 bank accounts in 12 financial institutions! BBMP Commissioner M K Shankarlinge Gowda say that they have lots of [...] Continue Reading »
No one has any idea as to why Bruhat Bengaluru Mahanagara Palike (BBMP) is upholding such a confusing work flow. Recently it was questioned to show the records for the funds spent during 2006 to 2011 five year plan and there was no reply. Now, again the palike claims to have spent crores in laying sewerage [...] Continue Reading »
It is a fact that realty sales dropped down badly during 2011. Even a recent survey by real estate experts revealed that the housing financing companies also had to face same situation resulting in home loan sales drop down. However, in the real time scenario there is a different story in concern with these housing [...] Continue Reading »
The Bruhat Bengaluru Mahanagara Palike (BBMP) budget seems to have no end to it! For the year 2010 and 2011, BBMP had budget estimation presented was Rs 3,856 crore or 8,861 crore. It had raised revenues for a full quarter, which was unmeasurable. The budget demand for the previous year was just a curtain raiser [...] Continue Reading »
The year 2011 was a major failure for the Indian real estate sector. Now that 2011 is almost coming to an end, the real estate experts and developers are worried about realty role play in the upcoming year. According to the realty experts, the major drop back for failure this year is; lack of confidence [...] Continue Reading »
The land norms are becoming more tough! The Karnataka Legislative Assembly passed similar tough norm for the land defaulters. The bill prohibits grabbing of government land, and if any is booked on a similar case the offenders will be jailed for three years. In Bangalore recently a land grabbing case has been booked wherein, a [...] Continue Reading »
In Bangalore, the residential property market has dropped down drastically in concern with the hike in property prices and rising interest rates. Even with the end of year 2011, Bangalore city has around 31,208 units and Bellary has 19 percent of unsold housing units as per the Jones Lang LaSalle’s real estate intelligence service report. [...] Continue Reading »
Commuters in Ludhiana can now have a sigh of relief! A passenger underpass is being constructed near the city’s DC complex. This road is witnessed as one of the busiest roads and commuters always complained about the prolonged traffic jams. Also similar pass way is also under construction at Agar Nagar but this will be [...] Continue Reading »
