Apartments
While realty is growing in Kerala, especially in cities like Kochi, drinking water supply in flats have remained irregular for months. Occupants of newly-built flats in Kalamassery, Thrikkakara, and Kakkanad are facing water shortage forcing them to buy water sold through tanker Lorries. Since they cannot get access to water supply, flat dwellers have to [...] Continue Reading »
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 »
The Noida Authority has given relief to cooperative group housing flat owners who had failed to get their properties registered after purchasing stamp papers within the Supreme Court’s deadline of January 26, 2012. The Authority has decided to exempt them from paying the penalty of Rs 100 per day for the period after the purchase [...] Continue Reading »
Shristi Infrastructure Development Corporation unveiled Tower II at Krishnagar Sentrum on National Highway – 34. Krishnagar Sentrum is a project spread over 4.5 acres. It consists of 4 premium housing towers G+13 floors covering 300,000 square feet of retail and commercial complex. The residential towers comprise of premium two & three bedroom apartments while the [...] Continue Reading »
The two adjacent Adrash flats have come under the scanner of the Adarsh judicial commission. The flats were financed by the Kolhapur-based builder Umesh Shinde. Vishwas Chougule, a retired teacher was allotted flat number 1904, while his former colleague Raghunath Bhosale was allotted a neighbouring flat in Adarsh. Shinde, who runs Raj Devendra Construction Ltd, [...] Continue Reading »
Residential property sales across Bangalore have dropped up to 40 per cent in April-June quarter as compared to the peak of Q4 2012. The city’s realty markets, where real estate sales are largely driven by IT clientele (60-65 per cent), have been going through a sluggish period. According to Karvy Institutional Research, a brokerage firm, [...] 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 »
Brigade group has started a mega integrated real estate project located at Devanahalli. It is named as Brigade Orchards and will comprise of luxury villas, value homes and premium apartments. The developer says the project will be completed in a span of five years involving Rs 2,000-crore investments, which will include 3,500 residential units [...] Continue Reading »
