Built-up area
The proposed Real Estate (Regulation and development) Bill has made carpet area a compulsory feature for approving building plan. The decision was made by top government officials at Association Chambers of Commerce and Industry in India (ASSOCHAM) event held in New Delhi. Now, the development authorities and municipalities will have to clear building plan or [...] Continue Reading »
Gurgaon- Renowned realty developer, IREO has come up with its new IREO Gurgaon Hills project in Gwal Pahari, Gurgaon. IREO Gurgaon Hills is located at five minutes distance from Golf Course Road which is a most happening place in Gurgaon. The project is situated very close to Delhi too. Being located closed to Gurgaon-Faridabad road, the [...] Continue Reading »
Bangalore- A renowned developer of Bangalore, Puravankara Group, is all set to launch a residential township in off Mysore Road, near the Bangalore-Mysore Infrastructure Corridor ring road junction. The township project, ‘Provident Sunworth’, spreading across 60 acres of land, has been planned to include a built up area of 6 million square feet. It will [...] Continue Reading »
Bangalore- Wipro, India’s third largest software services company, is planning to build its largest campus which can house at least 30,000 employees in Bangalore. Hariprasad Hegde, vice-president and global head of operations at Wipro, revealed that the master plan for the new campus is about to be finalised. The campus will be spread across 50 [...] Continue Reading »
The property price in Mumbai is touching the sky and it has become impossible for home buyers to even think of buying a property in Mumbai. However, there is an area called Badlapur where affordable houses are available in the range of Rs 17-30 lakh. The area is witnessing a huge demand because of affordable housing. [...] Continue Reading »
The economic slowdown has not affected deals in Delhi’s premium real estate space. In a record deal, Gujarat-based Torrent Group has bought 1,124 sq yards of residential property in Chanakyapuri for Rs 111 crore, at the rate of around Rs 10,00,000 per sq yard. This is the highest recorded rate in the recent past in [...] Continue Reading »
The Mumbai Metropolitan Region Development Authority (MMRDA) eyes to ensure full utilisation of four floor space index (FSI) for its land-buyers in business hubs at the Bandra-Kurla Complex (BKC) and Wadala, so that more revenue can be earned. The MMRDA has requested the Canada-based International Civil Aviation Organisation (ICAO) to study the scope of raising [...] Continue Reading »
Greater Hyderabad Municipal Corporation (GHMC) is set to bring relief to the owners of properties by sparing them the ordeal of running around the municipal offices for assessment of property tax. The civic body is coming out with a new software on its website, which will enable property owners to calculate their property tax at [...] Continue Reading »
The Anti-Corruption Bureau (ACB) will be inquiring Niranjan Hiranandani, the co-founder of Mumbai-based Hiranandani Group, with regard to a criminal complaint case filed against him in connection with suspected irregularities in a housing project. A special court has directed the ACB, while hearing the complaint filed by activist Santosh Daundkar against Hiranandani, for allegedly cheating [...] Continue Reading »
Century Real Estate, one of the leading realty players of Bangalore, is likely to buy at least half the investment from Fortress Capital, a global private equity fund that had invested about $100 million in 2007. The company is one of the largest land-bank owners in Bangalore. It had embarked into developing various commercial and [...] Continue Reading »
