Development
Bangalore- Bangalore’s emerging real estate areas, Hebbal and K R Puram, have been listed in the top ten Indian realty destinations in a Knight Frank’s report. In the next five years, the two areas would witness an average price appreciation of 94% and 91% respectively, states an investment advisory and research report put out by [...] Continue Reading »
Realty experts say that Mumbai should focus on sustainable development. According to sources, the sustainable rate in the country is hardly 2.8% when compared to the global standards of about 25%. Since the real estate plays a major role in the development of economy, it is important that sustainable development be adopted on a faster [...] Continue Reading »
One of the major commercial regions of Delhi-NCR, Gurgaon is witnessing a fast paced development and demand of office space in less than 10,000 sq ft category off late. The city has been witnessing a great demand for office property which has an area of about 1000-5000 sq ft. Also with the increased supply of [...] Continue Reading »
A huge sum of about Rs. 1,255 crore has been sanctioned to spend on the road infrastructure/roads and buildings (R&B) sector by the state government. This decision was made under various Central government and state-sponsored schemes and district plans this year. As per the reports, the sum amount allotted for the development and construction comes around Rs 754.11 [...] Continue Reading »
With the Kingfisher Tower setting capital values benchmark of Rs. 30,000 per sq ft in the super luxury segment, Bangalore’s luxury residential market has witnessed a drastic change, said Jones Lang LaSalle India. According to JLL report, the residential property capital values have increased by 25% from mid-2009. At present, the absorption of residential spaces [...] Continue Reading »
The Builders’ Association of India (BAI) has suggested setting up an independent regulator for the cement industry following recent developments. D L Desai of BAI trustee said that the regulator should have quasi-judicial authority. He said that Competition Commission of India’s penalty of Rs 6,300 crore on 11 cement companies last month for violating provisions [...] Continue Reading »
The residential areas near dumping grounds in Mumbai have been complaining about the inconvenience caused to them. To curb civic problem the State Ministry for Urban Development has declared that the state would legally disallow residential areas around any dumping grounds developed in future. A residents’ group had approached the Supreme Court against the Brihanmumbai [...] Continue Reading »
The Special Lokayukta Court on July 17 accused the Lokayukta police for not taking any action related to violation of rules by the Bangalore Development Authority (BDA). A complaint was filed by ex-councillor Lakshminarayana against the authority stating that BDA allowed conversion of land for residential purpose which was actually meant for maintaining a nursery. [...] Continue Reading »
Kolkata Municipal Corporation (KMC) aims to collect Rs 1800 crore from property tax, as per new assessment reports of KMC’s revenue department. Presently, the KMC collects Rs 530 crore from property tax. To take the massive leap, the KMC is set to introduce online payment of trade license fees and contractors’ dues. Apart from this, [...] Continue Reading »
Value & Budget Housing Corporation (VBHC), co-founded by former MphasiS chairman Jaithirth (Jerry) Rao and former Citibank Consumer Banking Head P S Jayakumar, has announced an expansion plan of Rs 300 crore. The company will launch nine projects of budget homes across Bangalore, Mumbai, Chennai, NCR and Baroda, offering a total of 2,500 units. VBHC [...] Continue Reading »
