2012
The water pipeline project in Mumbai was about to be ready to use by the end of 2011. As usual the project is postponed! Due to procedural delays and slow pace work the water project has been postponed to upcoming year 2012. It has been three years since this water project started and the Navi [...] Continue Reading »
Even though overall report of realty 2011 reveals a neutral picture, the fact lies hidden behind! Probably we forgot to discuss or have a look back at residential sales of the year. It was a deadlock realty transaction! There are already plenty of residential projects pending to be sold and with this remark the upcoming projects [...] 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 »
The year 2011 was filled with sentiments for Indian real estate market. Neither the rental nor the apartment sales did well this year! As the Indian realty is balancing on the demand and supply foundation, the result is not surprising. May it be share equities, hike in interest rates, increase in property prices, high inflation [...] Continue Reading »
The property buying for the year 2011 was all driven by captured home buyers. The property transactions in India were down by 20 to 40 percent. Transactions in realty sector was a major headache for both the buyers and investors. Now that the year has almost come to an end, expectations for the year 2012 [...] Continue Reading »
The real estate is right now on a recession trend and the same scenario is likely to continue in 2012. With the recession hit, the real estate development authority has decided to stop the land auctions from next year. It has been learnt that due to downfall in real estate market, since three years Mumbai [...] Continue Reading »
Jones Lang LaSalle’s warns the situation of real estate market for the year 2012. According to the reports collected by Jones Lang LaSalle, for the year India’s commercial and real estate market will remain a cautious. Due to the prevalence of uncertainties in the global real estate market, Reserve Bank of India (RBI) has given [...] Continue Reading »
Several un-used government lands are planned to be used for various developmental projects in Thiruvananthapuram. This concrete proposal is said to be launched and showcased at Emerging Kerala meet which will be held in the year 2012. The government departments have been given the authority to prepare list of lands that have been un-touched till [...] Continue Reading »
Beyond the year 2012 there won’t be new big malls in Mumbai city. The expansion of huge malls will be paused with the upcoming new construction projects in next one year. The experts feel that the real estate situation is going ironic as the Indian builders are more open to the construction of malls and [...] Continue Reading »
