Commercial properties
As the proportion of sale of real estate properties in Mumbai reduce drastically, the builders are facing a huge crunch for cash inflow. To overcome the situation and to generate momentum in sales, the builders are coming up with different deal options for their unsold properties. Some builders in Mumbai region introduced a new scheme [...] Continue Reading »
Many illegal commercial spaces are to be sealed in Noida on coming March 29th. The Noida Authority has taken due care and held a meeting to plan out the due course of the illegal spaces on the due date. Around 44 properties have been identified as illegal in Sector 27 and steps have been outlined [...] Continue Reading »
Urban development department issued an order to increase the floor space index for the commercial properties constructed in the non- congested area of Nagpur. With this decision the builders now have a huge scope to build larger commercial properties. When the Floor space index (FSI) was reduced earlier in 2010, the builders objected that decision. [...] Continue Reading »
A renowned real estate group, Puravankara Projects is to sell three commercial properties to clear off its rising debts. The properties are located in Bangalore and Chennai and will be sold at around Rs 250 crore. Currently, the group has an outstanding debt of Rs 1,160 crore as the profit has been down by almost [...] 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 »
With this kind of fluctuation in realty market, the real estate developers in Bangalore city no longer interested on selling their residential or commercial properties. The rising interest rates, property rates; the real estate developers say that they have learnt a big lesson from witnessing loss and profits. The only path they find workable is [...] Continue Reading »
The investigation made against Kalyan police inspector CS Mali revealed crores of investment made in residential and commercial properties. This police officer was arrested on occasion of demanding and accepting bribes. The Anti-Corruption Bureau (ACB) underwent a thorough investigation and got a set of property documents related to three flats, shops in Gopi cine mall, [...] Continue Reading »
A major fire broke out in three shops situated at MG Marg in Allahabad. These commercial properties worth lakhs in present real estate market were burnt to ashes. Chief fire officer said that, they needed two fire extinguishers to turn off the fire and that the initial investigations indicated “short circuit” as a reason for [...] Continue Reading »
Mayor B. Kartika Reddy reported in concern with the property tax hike to media saying that, tax enhancement should not be done and the other officials also agreed to the same saying that the government has decided no to hike the property tax as the property buyers are already bearing the trauma of price hike [...] Continue Reading »
Ahmedabad Municipal Corporation (AMC) officials recently sealed nearly 242 commercial properties in the Ahmedabad city. The shop owners were restrained who defaulted their property tax and this continued for ten consecutive days. East, west and new west zone commercial properties were sealed and during the sealing drive nearly 1,600 properties in the city were found defaulting the [...] Continue Reading »
