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IGBC certifies Neotown as First Green Township in India

IGBC certifies Neotown as First Green Township in India
Bangalore- Patel Realty’s Neotown, a township project located in Electronic City Bangalore, is the first to be pre-certified by the Indian Green Building Council (IGBC). The IGBC pre-certification is awarded for buildings and townships at the design stage to facilitate the adoption of sustainable green design practices in India. The township developed by Patel Realty [...] Continue Reading »

Cess property tax revised

Cess property tax revised
Mumbai- Earlier, authorities in Maharastra had declined the amendment in the calculation of education and employment guarantee cess in property tax. The amendment was awaiting approval. Recently the state Cabinet approved the proposal in calculating the cess in property tax. However, two Cabinet Ministers Narayan Rane and Naseem Khan showed their dismay over the impact [...] Continue Reading »

Bangalore office space to witness 50 percent growth by 2016: Report

Bangalore office space to witness 50 percent growth by 2016: Report
Bangalore- Bangalore’s office market which has witnessed an annual growth rate of 12% in the past four years, is expected to touch 100 million square feet by 2016, revealed a report by Jones Lang LaSalle. That is a doubling of the stock in just seven years from 2009, and a 50% expansion to the current [...] Continue Reading »

‘Corrupt BBMP should be banned from taking over E-City’

‘Corrupt BBMP should be banned from taking over E-City’
The  Bruhat Bengaluru Mahanagara Palike’s (BBMP) plan to include Electronics City under its jurisdiction, to raise more money, has angered the companies and their employees in the E-City. It is currently maintained by Electronic City Association, which is the best industrial estate of India and the pride of Bangalore. The association gets the cost of maintenance [...] Continue Reading »

Real estate gets deeply hit by policy paralysis: CREDAI

Real estate gets deeply hit by policy paralysis: CREDAI
The Confederation of Real Estate Developers Associations of India (CREDAI), the apex body of real estate developers from across the country, expressed that the government’s policy paralysis has severely impacted the real estate sector which is facing stagnation in growth. CREDAI National President, Lalit Kumar Jain said that the economy is in a bad shape [...] Continue Reading »

Indian realty again demands for industry status

Indian realty again demands for industry status
Being hit by increased land rates, lack of funds and high interest rates, the real estate sector of India has again been demanding for industry status. Despite the fact that 10 per cent GDP is contributed by realty sector which is the second largest employment provider of the nation, the central government is not giving [...] Continue Reading »

Indian realty is unpredictable

Indian realty is unpredictable
Irony is the scenario in present real estate sector! Once in a while there is a breaking news saying Indian realty is doing too good and very next moment there is drop down in realty sales. Whether Indian realty is stable or not? This is the hot discussion and debate going on in Indian realty [...] Continue Reading »

Bihar Government grants separate buses for Women Passengers

Bihar Government grants separate buses for Women Passengers
In an effort to do away with the inconvenience faced by female passengers using public transport, the Bihar state government has come with a novel idea of an all women run bus service in fixed routes in the state capital Patna. The move was prompted by the government after a number of complaints emerged of [...] Continue Reading »

Real Estate Sector not Happy with New Land Acquisition Law

Real Estate Sector not Happy with New Land Acquisition Law
New land acquisition law has been cleared by Union Cabinet on Monday.The bill, which seeks to replace colonial era legislation and hopes to draw a line under a hugely sensitive issue, offers generous compensation for land owners in the form of subsistence allowances, annuity payments, employment and a share in any future appreciation of the [...] Continue Reading »



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