Bangalore
A close look at the overall property sales across India in the last nine months reveals that residential homes in the price bracket of Rs 25 -40 lakh accounted for more than 85% of property sales. There is latent demand in mid-segment housing nowadays. Indian economy started picking up and most of the developers are [...] Continue Reading »
Residents in some parts of Bangalore have evolved various forms of water management. Cases like these are a dime a dozen in Bangalore East. Residents of these areas get the least quantity of Cauvery water when compared to other older areas. Water supply is so scanty in Davis Road that residents of apartment block have [...] Continue Reading »
The selling rate of apartments at UB Towers is Rs 30,000 to Rs 33,000 a sq ft. But the guidance value, released recently by the government’s stamps and registration department, puts the revised rate at Rs 10,000 to Rs 11,000 per sq ft. This shows that there is a sharp decline of whopping 200 per [...] Continue Reading »
Resident Welfare Associations (RWA) from areas like Malleshwaram, Jayanagar, JP Nagar, Shanti Nagar, Eijipura, Bharati Nagar, RT Nagar, Banashankari and Rammurthy Nagar have resolved to take extreme measures to make their point. Meanwhile, others claim that the Sankey Tank residents have set an example and other areas will soon follow suit. The residents of Sankey [...] Continue Reading »
In the April-June quarter of 2011, commercial office space market in the country seen strong demand and witnesses over 33 per cent increase in office space. Delhi NCR, Mumbai, Bangalore and Chennai were the leading cities accounting for almost 80% of the entire space that was absorbed in the country. According to a latest survey, [...] Continue Reading »
MD of IDEB Projects and Buildcon, Harkirat Singh Bedi was arrested by the Whitefield police following several FIRs being filed against him. He was accused of cheating 80 investors of about Rs 150 crore and several banks of about Rs 300 crore. He was released on bail later in the day after promising to settle [...] Continue Reading »
The Bruhat Bangalore Mahanagara Palike (BBMP) will henceforth not grant building plans/licences without a no-objection certificate from the Fire and Emergency Services. The notification directs the BBMP not to issue occupancy certificates to buildings if fire safety measures had not been provided under the building byelaws, zonal regulations, etc. As directed by the High Court, [...] Continue Reading »
Residents of Mantri Greens Apartment felt they were pushed to the streets and allege that the BBMP demolished ramp is only a small part of the story. The Mantri Green Bangalore residents, who constitute around 400 families, are having a hard time getting themselves accustomed to the sudden disarray caused, that that too without any [...] Continue Reading »
Today real-estate projects in Gujarat have the highest quantum of super-built-up-area (SBUA) in the country, even more than some of the Tier-I cities like Delhi, Kolkata and Bangalore. Developers in the state employ the maximum SBUA, which stands at 50% of the carpet area (defined as the actual area the buyer uses) of both residential [...] Continue Reading »
Residents of the prestigious Diamond District Apartments, located on Old Airport Road, are a worried lot. Around 100 cement pillars on which the apartment complex stands have developed cracks due to seepage. Residents of Diamond District allege that beams and columns at the basement of the sprawling complex have developed large cracks. The builder, entrusted [...] Continue Reading »
