Developers
Bangalore residential realty market is witnessing new launches every now and then however, raising interest rates has become a major concern. Midst this concern well known developers are confident of meeting targets of 10 million square feet each in FY12. Prestige Group expert say that interest rates may not stay same in future as loans [...] Continue Reading »
It has been traced that several thousands of commercial space is lying idle in many cities like; Chennai, Pune, Bangalore, Kolkata, Delhi NCR. Developers in these cities have built up many buildings in huge spaces which is hardly being used. Real estate experts say that the commercial real estate market all over India is facing [...] Continue Reading »
New flat buyers be ready to shell out more and more money in Noida. This is not a purposeful hike the developers have opted for! Developers in Noida city had to make around Rs 3,000 crore payment for the notices that the Uttar Pradesh government had issued to land allottees. Failing badly to pay this amount [...] Continue Reading »
As do pizzas have quick delivery methods following up, same is the scenario with building constructions today. Doesn’t it sound different? Yes, to achieve quick and timely delivery, developers in India have taken over new construction methods. Building construction today has become competition among the builders to complete the floors of a building as quickly [...] Continue Reading »
Maharashtra Chamber of Housing Industry (MCHI) has disagreed seeking no-objection certificates from the state government. MCHI- a body of real estate developers are hoping to seek relief from Urban Land Ceiling Act restrictions. Now that the act has been repealed, the state government has sought legal opinion as per developers request to seek exemptions from [...] Continue Reading »
Major headache! Yes, the developers and builders are worried as the sale of apartments and commercial spaces in the city swooped down from long time. Rising mortgage rates and real estate prices has raised loss of interest in prospective home buyers in Thane city. From past eleven months, property sale transactions has crumbled from 24,601 [...] Continue Reading »
Builders in Noida who have their upcoming residential or commercial projects in hand will have to pay enhanced compensation to the farmers. Greater Noida authority (GNA), in a meeting with the developers has passed orders to pay an extra sum of Rs 2,015 per sq mt within next three months. According to the data collected by [...] Continue Reading »
Property price fall has become a major headache for the developers and builders in India. According to the recent data collected by the Indian government, property prices in nine cities has dropped in the September quarter drastically. National Housing Bank’s residex proved interest rates peaking as the main reason for slow down in residential property prices [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) is fed up with the controversies flooding, in concern with the parking issues in Mumbai city. The earlier parking floor space index (FSI) policy framed by former chief minister Vilasrao Deshmukh has now become controversial as the policy is builder-driven instead of favoring the public. BMC believes that the developers [...] Continue Reading »
The recent real estate regulation & development bill, 2011 drafted by the central government is now bearing fruits for the citizens of Pune. The bill has provisioned Pune Municipal Corporation to take action against developers and builders for incomplete work, for not providing no-objection certificate and occupancy certificate and also failing to provide basic amenities [...] Continue Reading »
