Commercial Property
Parsvnath’s 1.2-acre plot at Kasturba Gandhi Marg in New Delhi can be acquired either by ICICI Bank’s domestic real estate fund or Indiabulls Real Estate. In a bid for the land, the two real estate financier have quoted the bid between Rs 500 crore and Rs 600 crore. The main attraction for the plot is [...] Continue Reading »
Commercial Properties are on high demand where the individuals are expressing their interest to invest more day by day. The individuals are buying commercial properties as they are planning to resell that property with a higher value in future, and they also think in terms of receiving monthly recurring income from rents. However, before investing [...] Continue Reading »
The residential realty is declared as unpredictable! Similar is the case with commercial property, wherein the completion of new projects are getting delayed. According to the recent data collected, the construction of commercial realty is left incomplete by almost 45 percent. A remark of severe cash crunch! Midst drop down in realty sales and heavy [...] Continue Reading »
A commercial property measuring 4.6 acres at Kurla in Mumbai is toady valued Rs 300 crore! This property is owned by Phoenix Mills, a real estate company. The Phoenix Mills is in a pace of selling this property expecting a price of around Rs 15,000 per square feet. Recently, the company also canceled agreements with [...] Continue Reading »
Indian realty is facing a downfall, developers and builders have lost hope of the realty scenario seeing growth during the year 2012. However, even with such a kind of situation, many of the realty sectors are planning to launch thousands of realty projects. All what the builders are looking forward is for soothing of Reserve [...] Continue Reading »
The renowned real estate group RMZ Corp wants to change its course of work into residential projects. The firm based in Bangalore has plans of entering residential realty market as it might sum up more profit for the company. As per plans, the firm wants to concentrate in 60:40 ratio for residential and commercial projects [...] Continue Reading »
Brigade Enterprises, a Bangalore based real estate developer has plans of raising Rs 150 crore from a private equity fund. The developer will raise the amount by discharging one of its commercial property in Whitefield. The project they are planning to discharge is Summit Brigade Metropolis having a built up area of 800000 square feet [...] Continue Reading »
The commercial property by Akruti City, ‘Akruti Centre Point’ in Mumbai caught fire. The fire break out was witnessed in Maharashtra Industrial Development Corporation area at Andheri. Around 12 fire engines rushed to the spot to rescue from fire. However, the fire department tired hard to pull down the fire. Source: The Times of India Continue Reading »
This time, it was south Delhi illegal properties turn to get hit into the ground! The Municipal Corporation of Delhi (MCD) demolished six properties and sealed eight illegal properties. The MCD officials say that they had to carry on the demolition drive without showing any mercy as they were huge massive illegal structures. Also MCD [...] Continue Reading »
Hyderabad has set a come back after a major dip in realty sales. There seems to be a huge demand for residential as well as for commercial properties in areas like; Bowenpally, Ramoji Film City extension, East Hyderabad and A S Rao Nagar. Real estate experts say that the realty market in the city is [...] Continue Reading »
