Chennai
Delhi- After five years from now, a common man would find it very difficult to afford a house in Delhi, predicts a survey. The current average price of a house in Delhi is Rs. 1.93 crore whereas in the next five years, it is estimated to hit Rs. 3.27 crore which signifies an increase of [...] Continue Reading »
Bangalore/Chennai- Luxury residential segment has been observing significant rise in demand in the top seven cities of India. Over 200 luxury residential projects were launched between 2008 and September 2012. Among all the cities, Bangalore alone holds 21 percent of share during the first three quarters of this year while Chennai holds 20 percent. Fast [...] Continue Reading »
New Delhi- A report by National Housing Bank ( NHB) showed the real estate housing trend in 11 cities which included Bangalore and Kolkata. These cities witnessed a decline of about 5 percent from July-September meanwhile the other 9 cities saw an increase of about 10 percent. The highest price rise of 10.1 percent was witnessed [...] Continue Reading »
Delhi-NCR- A recent report by property consultancy firm, Knight Frank India stated that Delhi-NCR and Mumbai have once again topped in terms of investment when compared to other cities. Areas like Ulwe, Wadala, Chembur in Mumbai and Noida Extension and Dwarka Expressway will witness an increased appreciation in the coming five years based on the capital [...] Continue Reading »
Chennai- Chennai real estate market has been exhibiting positive signs of growth, especially in the suburban areas, owing to the fast development of sectors including IT, financial services, telecom and other allied services, which are the key economic drivers of the city. A 20-25 percent rise is observed in the number of queries over residential [...] Continue Reading »
Chennai- Traffic police of Chennai have suggested the Chennai Corporation to spot out parking places in important areas of the city to facilitate in putting an end to illegal parking. Around 360 parking lots in 11 different zones have been chosen for the purpose. According to sources, the corporation has planned to carry out a [...] Continue Reading »
Chennai- Leading real estate player of Chennai, Casa Grande, has just launched the largest villa project at Thalambur in Old Mahabalipuram Road (OMR). Spread across 18-acres of land in the city’s IT corridor, the project “Casa Grande Pavilion” will offer 350 residential units including independent luxury villas, twin villas and row houses. The amenities include [...] Continue Reading »
Chennai- Income-Tax Appellate Tribunal (ITAT) of Chennai affirmed that the interest on home loans will continue to be out of the tax net despite the property gets sold later on. The interest paid on loans is surely an expenditure that should be taken into account while computing the income from housing property as well as [...] Continue Reading »
Chennai- According to a report by Knight Frank, in next five years Medavakkam is expected to outscore other residential hubs with regard to real estate property. Medavakkam is among 13 top investment destinations to appreciate more than 90 percent. The survey has taken a number of things into consideration such as lifestyle change, job creation [...] Continue Reading »
Chennai- The city’s dumping yards- Perungudi and Kodungaiyur- filled with smoke, stench, pollution, illness, dislocation and protest have become a view of distress. The Chennai Corporation is in the final stage of finding a way out to its problem of garbage accumulation. People residing in localities in the vicinity of dumping yards forced the civic [...] Continue Reading »
