Builders
A 500 acre land in Goregaon, Mumbai was planned to be converted into club house and bungalows. This land is estimated to cost around Rs 5,000 crore and comes under no-development zone (NDZ) and coastal regulation zone (CRZ). However, this development plan was stopped by environmentalists as the land was once covered with mangroves and [...] Continue Reading »
Jalahalli located in the northern part of Bangalore city is an eye catching locality for its greenery. Initially the area was developed by industrial sectors like; Bharat Electronics Limited (BEL), CMTI, Hindustan Machine Tools (HMT), the packaging unit of Tata Tea Ltd and Airforce station spread across all four corners of the locality. If these [...] Continue Reading »
The CREDAI Kerala Property Show which was organised last week has finally concluded and as per the developers, it was a success. The five day long show in Kochi had an exhibition from around 47 builders of the state. The show attracted as many as thousands of home buyers and investors all around the state. [...] Continue Reading »
Lokayukta raid is on flame again! Recently, lokayukta conducted a raid simultaneously in Bangalore, Mysore and Hassan. There has been a rush for grabbing illegal properties in Bangalore, therefore illegal wealth has been piled up by people. In the recent raid, Lokayukta recovered property assets worth Rs 3.37 crore. Now, the world knows to where [...] Continue Reading »
2011 is now known as the year of high home loan rates. Never before the loan borrowers had faced such a rapid hike. Simultaneously, year 2011 will be known for aggressive property buying in peripheral and suburban areas of cities across the country. The high interest rates ended up the developers to sell the properties [...] Continue Reading »
Mumbai developers and builders blame Reserve Bank of India (RBI) for the poor realty sales for the year 2011. Every month there is 12 percent reduction in realty sales, which is a huge loss indeed! However, the realty analysts say that RBI is doing its job and has been neutral by pausing and easing interest [...] Continue Reading »
Property buyers, it’s time for you to get contended! As, the real estate prices have shown a hint of dropping down by 20 to 30 percent. The realty price fall is sure to hit Mumbai and Delhi-NCR and few other surrounding places. The developers are worried with this floating and fluctuating realty market as they [...] Continue Reading »
Mumbai property rates are hitting sky and no wonder the demand for them have dropped down negatively. The property deal registrations in the city has become a night mare to the property buyers. According to the recent realty data, Mumbai realty deals have dropped up by 20 percent dashing in huge loss to the city [...] Continue Reading »
A five day property show was set up in Kerala. Kerala Property Show was organized by Confederation of Real Estate Developers’ Association of India (CREDAI). This property show was a platform for many of the builders and developers to prove their project potentials. This property has come to an end, however it was successful as [...] Continue Reading »
Today Mumbai real estate industry is facing serious problems and this has been happening because of the improper governance in the real estate sector. Rs 800 crore worth real estate deal is bouncing in the hands of top city builders encouraging illegality in it’s construction and transactions. The state government itself agrees saying that the [...] Continue Reading »
