Bangalore
Venture fund Fulcrum Venture India has exited from real estate firm Casa Grande. Fulcrum got back return of over 10 times as they had invested Rs 4.8 crore in FY 2004 and have exited at Rs 50 crore. Chennai-based Casa Grande was launched in 2004 by M Arun Kumar and KR Anerudan. It builds luxury [...] Continue Reading »
The management and staff of Bangalore-based developer Century Real Estate carried a cleanliness drive as part of their corporate social responsibility (CSR). In association with the community organisation Ugly India, Century Real Estate undertook its new CSR movement, Clean Drive: Making Bangalore beautiful. It is an initiative aimed at cleaning up neighborhood roads of the [...] Continue Reading »
The Bruhat Bangalore Mahanagara Palike (BBMP) has claimed that its garbage segregation strategy has met with ‘partial success’ and that there has been a huge demand for wet waste. As reports of segregation failing in many parts of the city appeared in the media, the civic body has put forward the example of Yelahanka zone [...] Continue Reading »
Indian arm of AIG‘s global real-estate business has served a legal notice on Bangalore-based developer RMZ Corp. The notice came due to failure to let AIG exit its investment in a stalled joint venture in Hyderabad. AIG Global Real Estate India Advisors had invested Rs 350-crore in the mall project, which got delayed due to [...] Continue Reading »
The recent announcement of the government to allow Foreign Direct Investment(FDI) in the multi-brand retail sector is expected to boost the realty sector. The announcement has triggered anticipated buying and development of office space in parts of South and North Bangalore. ORR (Outer Ring Road), Whitefield, Electronic City and Mysore Road- Kanakpura Road are the [...] Continue Reading »
Hundreds of residents of Rajajinagar and Malleswaram have given vent their anger against Bangalore Metro Rail Corporation Ltd. (BMRCL). The residents are angry over the devastating condition of Maha Kavi Kuvempu (MKK) Road. Gathered under the platform of Save Bangalore Committee (SBC), the residents, who claimed that they had suppressed their anger for over two [...] Continue Reading »
As Bruhat Bangalore Mahanagara Palike(BBMP) sets a deadline of October 1 for waste segregation for the residents, Red Bus, the largest bus ticketing company of India, organised an awareness programme on their office premises in Domlur on 28th September. The programme was organised by the employees of Red Bus and included an in depth presentation [...] Continue Reading »
The newly invented plan by the Bruhat Bengaluru Mahanagara Palike (BBMP) to clear the garbage will be implemented from October 1. Owing to this, the flat owners of Sovereign Park apartments in Basavangudi are panic stricken as the BBMP has issued a notification to put residential high-rises on par with commercial entities. This notification grouped them [...] Continue Reading »
Mumbai has topped the office space absorption across cities in Q3 of calendar 2012. Real estate consultancy Cushman & Wakefield reported that the total office space off-take was 2.23 million sqft (msf) in Q3, which has increased by more than 50 per cent over the previous quarter. Chennai was second with 1.32 msf in office [...] Continue Reading »
As the market witnesses improving liquidity, the borrowing costs for real estate companies are going down. The less borrowing cost would mean an improved balance sheet. Although the change may not be seen clearly as yet. In markets like Gurgaon, there has been a lack of launches and a construction ban because of the water [...] Continue Reading »
