Bangalore
Bangalore- Rajesh Exports, one of the country’s top three gold jewellery exporters, seems to have initiated discussion with real estate developers. The jewellery exporter, with revenue of Rs 25,000 crore in 2011-12, is understood to have finalised a plan to leverage on its vast land bank, worth around Rs 2,000 crore. The exporter is presumed [...] Continue Reading »
Bangalore- The contract pourakarmikas of Bruhat Bangalore Mahanagara Palike (BBMP), who went on a rally came to a quick halt followed by a high-level meeting of two pourakarmika unions with the officials from the Labour Department and BBMP. The contract pourakarmikas, feared of job layoffs, since new garbage contractor will be taking charge from December [...] Continue Reading »
Bangalore- The real estate market of areas located close to the Metro line in the city, have been observing good growth. It has been over a year that the MG Road to Byappanahalli Metro rail started functioning. K R Puram, C V Raman Nagar, Byappanahalli and Ulsoor are some of the areas that lie in [...] Continue Reading »
Bangalore- Many real estate-focused fund managers are coming up with their own ventures and are developing clear fundraising strategies to convince the investors. Bani Banerjee, former executive director and chief investment officer of TCG Real Estate, who has recently set up an advisory and asset management company, India Global Inc. Pvt. Ltd., said that not [...] Continue Reading »
Bangalore- Lack of proper groundwork before initiating the project by the Bruhat Bengaluru Mahanagara Palike (BBMP) has led to garbage mismanagement in the city, said Dr. A Ravindra, Advisor to the CM of Karnataka. According to Ravindra, several awareness campaigns and huge preparation are required before implementing any change in solid waste management, particularly, in [...] Continue Reading »
Bangalore- Phoenix Mills Ltd is planning to buy Everstone Capital’s real estate fund in Bangalore for $12 million (Rs 68 crore). The firm is in talks to buy 7.73 percent stake of Horizon Realty Fund LLC and 18.27 percent stake of Horizon Ventures II, which together, is approximately worth Rs 261 core. As of now, [...] Continue Reading »
Bangalore- The Bruhat Bengaluru Mahanagara Palike (BBMP) has at last determined to take up the task of resolving garbage issue following the directions of the court. BBMP Commissioner has issued a memo listing officers who have to follow up with the court’s directions and ascertain that everything is done accordingly and within the given time. [...] Continue Reading »
Bangalore- The pourakarmikas of Bruhat Bangalore Mahanagara Palike (BBMP) has staged a protest, against their job lay offs, which hit garbage collection in many areas of the city. There are chances that over 8,000 pourakarmikas may be losing their jobs as there are new garbage contracts coming in before the New Year. Opposing their suspected [...] Continue Reading »
Delhi- After five years from now, a common man would find it very difficult to afford a house in Delhi, predicts a survey. The current average price of a house in Delhi is Rs. 1.93 crore whereas in the next five years, it is estimated to hit Rs. 3.27 crore which signifies an increase of [...] Continue Reading »
Bangalore- Tumkur Road, once considered as a village in the outskirts of Bangalore, has now transformed into a part of the city owing to its rapid growth in real estate sector. Expanding residential realty market of Bangalore has gradually brought in many of the suburban areas under the city limits. Being located at a distance [...] Continue Reading »
