Bangalore
With an agenda of finding a solution to the city’s rising garbage collection issue, a meeting has been scheduled on November 24 at Parisara Bhavan, Bangalore. The meeting is expected to bring out better solutions in putting an end to the problem of the collection and disposal of garbage in the city. Dr. Acharya, Chairman [...] Continue Reading »
Bangalore- A contemporary luxury residential apartment project “Auburn” has been launched in the Frazer Town in Bangalore by Vista Spaces. Covering a total built up area of 40,000 sq ft, the project offers a mix of apartments comprising 2 and 3 bedroom units with size ranging between 1,350 sq ft to 1,875 sq ft. The [...] Continue Reading »
Bangalore- Nitesh Estates Ltd is planning to raise Rs.400 crore from private equity (PE) firms, for developing residential projects. Nitesh Housing Developers, which is a subsidiary of the company will be raising the big fund. The developer has been planning to launch five new projects of which, two will be luxury residential projects while the [...] Continue Reading »
According to Knight Frank report, the real estate sector will continue to remain a good investment destination with properties in several residential areas in selected cities likely to appreciate by 91-145 per cent over the next five years. High possible return on investments ranging between 18.6% and 29% per annum over the next five years [...] Continue Reading »
Luxury villa projects in the city are catching the attention of private-equity (PE) funds and non-banking financial institutions (NBFCs). The investors are also looking at exploring the option of backing luxury villa projects. Reliance Capital Ltd funded Rs.60 crore in an ongoing villa project of Skylark Mansion Pvt. Ltd in Whitefield, while Azure Capital Advisors [...] Continue Reading »
As an effect of slanting number of land availability in Bangalore, the rate of encroachment activities has augmented in various parts of the city. The Vibhutipura Lake near HAL airport is gradually diminishing due to mounting encroachment activities. A decade ago, the lake was full of clean water but in the last five years, as [...] Continue Reading »
Assembly election is knocking the door and now BBMP has realised that they have to speed up the grand projects’ completion project. These projects include signal-free corridors, five grade separators, development of roads, lakes and construction of multi-storied parking facilities will be taken up. BBMP options to help broaden 11 tracks, which include several with [...] Continue Reading »
D Venkatesh Murthy, Mayor inaugurated a new waste segregation unit near Mathikere, in north-west Bangalore which can hold 4-5 tonnes of waste after segregation. The centre is built at a cost of Rs 65 lakh and to prevent spreading of foul smell in the neighbourhood. They have also constructed a compound wall surrounding it. BBMP is [...] Continue Reading »
Bangalore- Vijay Mallya’s investment holding company UB Holdings has got a jumbo offer by Private equity giant Blackstone, revealed sources. The PE firm has offered around Rs 560 crore to the company to buy out the prime office and retail real estate blocks in UB City, the biggest commercial property project in Bangalore. As an [...] Continue Reading »
Bangalore- Chetan Dave, head of IDFC Alternatives real estate investment team, has resigned from his post due to mismatch of interests between him and the rest of the management, as said by sources. Dave had joined IDFC Alternatives in June 2010. His position is expected to be taken up by Satish Mandhana, currently managing partner [...] Continue Reading »
