Apartment
Sobha Developers Ltd posted a 73 per cent rise in net profit to Rs.45 crore for the June quarter. It sold 25 per cent more space at sharply higher prices in its key market Bangalore. Revenue rose 57 per cent over a year ago to Rs.433.2 crore. The realty firm sold 835,600 sq ft. of [...] Continue Reading »
West Hyderabad has become one of the fastest growing areas in the city in terms of IT development, increase in capital values and infrastructure growth. The areas like Madhapur, Kukatpally, Miyapur, Banchupally have generated robust demand due to the presence of IT professionals, good connectivity and IT parks nearby. Apart from these areas, Banjara Hills, [...] Continue Reading »
Property prices in the upmarket residential areas of South Delhi have dropped by 20 per cent. Slowdown in sales is forcing builders to settle for less as they are under pressure to cut inventory. According to analysts, the market is fast becoming a buyers’ market. Of the 368 apartments that have been released into the [...] Continue Reading »
Avalon Group announces the launch of its biggest project in Bhiwadi. The 1,100 flats project in Delhi, spread over 15 acres, is estimated to ensure a sale price of Rs 400 crore. . The project is called The Royal Park project. The company disclosed that the average price would be Rs 2,300 to Rs 2,600 [...] Continue Reading »
Brick Eagle Capital Group is the latest to enter the low cost housing sector. It plans to invest Rs. 200 Crore in five projects of Xrbia Developers Limited. Xrbia is an affordable housing venture promoted by the Eiffel group. The proposed five projects will come up in the area of Karjat, near Mumbai, on 150 [...] Continue Reading »
The Supreme Court has put stay on a July 23 Haryana High Court ruling, providing temporary relief to TC Gupta, director general of the town and country planning department in Gurgaon. Gupta was found guilty of allowing residential complexes in Gurgaon by issuing license to Anant Raj Industries for construction of housing colonies, despite the [...] Continue Reading »
In yet another instance of negligence on the part of pool owners, a person named Pankaj Dahim drowned in a swimming pool in Rajarajeshwarinagar. It was not an isolated incident but an addition in the series of pool accidents over the last few years. The incident exposed the callous attitude of the pool owners in [...] Continue Reading »
True Value Homes (TVH), a Chennai-based property developer, has recently launched a high-end luxury apartment project named Quadrant. The project is located in Adyar, one of the most sought-after residential localities in south Chennai. Spread over about 2.2 acres, the project will offer 100 residential units in a 18-storied building with high-end provisions with a [...] Continue Reading »
A newly built luxurious apartment by the Providence Builders and developers was inaugurated in Bejai, Mangalore, on Saturday July 14. The apartment is named Providence Abode-2 developed by Providence, promoted by two young entrepreneurs who have an experience of over a decade in building quality homes, apartments and layouts. A formal stage programme was also [...] Continue Reading »
The Delhi high court has allowed the Capital’s land-owning agencies to execute “deeds of apartment” for home buyers in case a builder fails to do so. Allowing a PIL which sought a direction for enforcement of the Delhi Apartment Ownership Act, a bench of Acting Chief Justice A K Sikri and Justice Rajiv Sahai Endlaw [...] Continue Reading »
