Bangalore
The developers in Bangalore are facing rise in costs of the properties by 10-15% by this year-end is traced to be inevitable generally the price escalation was about 3-4% per annum. However the input costs have been rised by 7%. The average cost of construction has seen a increase by Rs 150 per sqft and [...] Continue Reading »
In many cases, renting and furnishing a conventional flat would be too complicated, taking a hotel room would be too expensive. Nowadays, serviced apartments are available in many major cities and in several most economically strong regions.Many companies are tying up with the owners to accommodate their employees. The serviced apartment is not only close [...] Continue Reading »
The dispute regarding construction of a link road to Bangalore International Airport (BIA) via University of Agricultural Sciences (UAS) campus in Bangalore has been discussed by the Karnataka high court directed by the state government to set up a committee headed by the chief secretary. BBMP has been restrained from proceeding with the construction on [...] Continue Reading »
The Bruhat Bangalore Mahanagara Palike (BBMP) has completed the road-widening work near Hosur-Lashkar Road. The sewage lines are overflowing and the garbages are dumped on the main road. The main issue is that the lack of coordination among the civic agencies. Health hazards to the residents in Adugodi, Bangalore are forced to survive in the [...] Continue Reading »
Bangalore Development Authority (BDA) website had links to some overseas private property developers. BDA had not renewed its domain name on the internet. The front page of website says the domain name expired at 10.16am on September 9. Raja Nambiar gave away 1.5 acres of land for the Peripheral Ring Road and is waiting for [...] Continue Reading »
The road widening work at HSR Layout which is been carried out in Bangalore has been resulted in slow moving traffic at Hosur-Luskar Road Junction near Forum Mall Koramangala. The roads here have been piled up resulting in the absence of pavements and the pedestrians end up commuting in the piled up roads. Ongoing work [...] Continue Reading »
Demand for property in major cities across the country have dipped and sharp increase in borrowing costs had kept buyers on the sidelines. Banks have raised their lending rates sharply in the past few months after Reserve Bank of India (RBI) raised interest rates 11 times since March 2010. Bhopal leads the pack in rise [...] Continue Reading »
More than 25,000 idols were immersed in Sankey Tank’s kalyani (immersion pond) on Day 1 of the festivities while Yediyur lake in South Bangalore saw 40,000 idols immersed. BBMP tried hard to reduce the pollution of these water bodies but it was clearly a losing battle. Over 40,000 idols were immersed in the water body [...] Continue Reading »
State government had issued the preliminary notification for increasing the guidance value in Bangalore on July 16, giving the public two weeks to file their objections, if any. The notification had suggested a hike ranging from 10% to about 200% depending on the civic amenities and demand for properties in the concerned areas. But the [...] Continue Reading »
Figures collated by online portal Foreclosure India on auctions held by banks and Debts Recovery Tribunal (DRT) since January 2010 show that of 32 cities across India, Mumbai’s speculative realty market has the second highest number of foreclosed properties after Bangalore. DRT show a 23 per cent rise in cases of Mumbai properties, mostly residential, [...] Continue Reading »
