Bangalore
Fossil India, the wholly owned subsidiary of the $3.2 billion American lifestyle brand Fossil Inc, is planning to invest Rs 25 crore in the country following regulatory approvals to set up single brand stores. Fossil is among the first batch of global lifestyle brands that got approval by the Foreign Investment Promotion Board, after the central [...] Continue Reading »
In last 12 months, the prices of property have dropped down but still the rents of properties are increasing day by day. Some areas witnessed the increase of up to 20 percent in the rents of property. Commonfloor.com data According to the data of Commonfloor.com, the rents of property increased by 10 percent in Delhi [...] Continue Reading »
According to global realty consultant, DTZ, because of rupee depreciation and fall in rentals amid political instability over Telangana, Hyderabad has become the world’s most affordable office location. In the DTZ’s list of top 10 least expensive offices space market in the world, four other Indian states fall which are Chennai, Pune, Bangalore and Kolkata. [...] Continue Reading »
India’s large mall developers companies are focusing on small towns, scouting for potential purchases. Developers like Future Group, Inorbit Malls (India) Pvt. Ltd and Infiniti Mall are looking to acquire malls in small cities to tap the potential there, while the top urban markets are close to being saturated. Inorbit, a division of Mumbai-based real estate developer K Raheja [...] Continue Reading »
The real estate industry in India is going through the phase of transformation. During 2013, the real estate market remained constant in major Indian cities. In Bangalore, the real estate market remained stagnant as compared to its adjoining cities. It is expected that the real estate market will gain its momentum in 2014. A Silver [...] Continue Reading »
After sites, it’s now the turn of flats to become costly. The Bangalore Development Authority (BDA) has hiked the prices of flats by almost 100%-200%, which is being held responsible for crushing the dreams of the common man to buy their own home in city. BDA is planning to sell its 2BHK flats of its [...] Continue Reading »
Recently, in a conclave held in the city, speakers highlighted that the master plans for Bangalore are just decorative documents with little significance or people connect. PN Sreenivasachari, principal secretary of the transport department on damning previous comprehensive development plans (CDPs) drawn up by the BDA said, there is no idea that all are being [...] Continue Reading »
As part of its strategy to repay debt, realty major Unitech has recently sold around 10 acres of land in Bangalore and Mysore for about Rs 100-130 crore. Unitech currently has debt of about Rs 6,200 crore, including Rs 150-200 crore from Life Insurance Corporation of India (LIC). It has been reported that the LIC [...] Continue Reading »
Recently, Tata Housing declared it is planning to invest Rs.1, 200 crore for developing 13 housing projects for senior citizens in the next five years. In Bangalore by the name of Riva Residences, the company had already launched its first project and work for similar projects would soon commence in more cities, including Chennai, Ahmedabad, [...] Continue Reading »
A leading real estate developer in India, Puravankara Projects Limited launched Purva Westend in Bangalore. Puravnkar projects Limited has set a mile stone by selling half a million sqft within 4 days of the project’s launch. This amazing response is due to innovative book building methods adopted by Puravnkara. This method provide customers a chance [...] Continue Reading »
