Chennai
Chennai- Shriram Group’s real estate arm, Shriram Properties, is all set to launch a senior friendly residential project near Guduvanchery, off GST Road, in South Chennai. Collaborating with Age Ventures India (AVI), Shriram Properties has exclusively designed “Shankari Sanjeevani” in order to facilitate senior citizens with their changing practical needs. The project comprises of 134 [...] Continue Reading »
Chennai- Perumbakkam, a suburban residential hub of South Chennai, has observed 8 percent increase in average property values in the last quarter. The area, offering a wide range of multi-storey apartments, is well connected to the IT hubs of OMR and Sholinganallur through the ECR Link Road. The rate per sqft of properties in Perumbakkam [...] Continue Reading »
Bangalore- In terms of quality of living, Bangalore tops all other cities in India, reveals a recent survey by global HR consultancy Mercer. According to Mercer’s 2012 Quality of Living Index, the Silicon City Bangalore being ranked at 139, leads among other prime cities of India including New Delhi (143), Mumbai (146), Chennai (150) and [...] Continue Reading »
Mangalore- Builders are provided huge opportunities as a large number of commercial buildings are emerging in the outskirts of Mangalore. Earlier, malls were only situated in city’s major centres like Hampanakatta, MG Road and Bejai. But very soon within 18- 24 months commercial centres will emerge on the city’s outskirts such as Kulshekar, Pandeshwar and Derlakatte. [...] Continue Reading »
Despite the downfall in affordability, the Indian home loan market is expected to grow by 17-19 percent in the current fiscal year, according to credit rating agency IRCA. Lower home loan rates, attractive schemes, etc. fuel the home loan market growth in 2012-2013, said IRCA. Because of the high cost of properties in India, tough operating [...] Continue Reading »
Bangalore- Real estate in India has witnessed more residential project launches in 2012 than in the last year despite slow sales and reduced growth in prices, reveals a new study. Real estate companies launched more residential units between January and September 2012, than in the same period last year, while still struggling with sales and [...] Continue Reading »
Kolkata – The serious issue regarding land and sops policy is highly affecting the West Bengal’s real estate market. During an inauguration of a three day conclave on Bengal Builds with top city and few pan India developers as invitees, Chief Minister, Mamta Banerjee quoted that the state is in deep debt to offer freebies to [...] Continue Reading »
A complaint filed by DGCOM Buyers and Owners Association against Delhi-based leading realtor DLF, alleging market power exploitation, has been declined by the Competition Commission of India (CCI). The Chennai-based association had filed a petition with CCI claiming that DLF has misused its dominant market position relating to a residential project in Chennai. The petition [...] Continue Reading »
Chennai- A group of residents of Sadhanandapuram-Aalapakkam near Tambaram has requested the District Administration to make some changes in the plan for the proposed Tambaram East bypass road project. They submitted a memorandum stating that the project would affect more than 200 houses in Sadhanandapuram-Alapakkam coming under Nedungundram village panchayat in Chengalpattu taluk. The majority [...] Continue Reading »
Chennai- Lancor Holdings, Chennai based leading developer has announced that it has acquired 6.5-acres plot near Maraimalai Nagar on the GST Road for Rs 40 crore. The company in a regulatory filing with stock exchanges disclosed the purchase of 100 percent equity shares of L&T Commercial Projects Pvt Ltd. However, the firm did not reveal [...] Continue Reading »
