Hyderabad
The Greater Hyderabad Municipal Corporation (GHMC) is all set to hike the property tax despite stringent opposition from corporators. The GHMC, does not need permission to hike the property tax according to the Municipal Act, as the act says that the corporation can revise tax every five years and last revision was made in 2007. [...] Continue Reading »
Chennai witnessed the highest absorption of office space at 1.32 million sq. ft in the third quarter of 2012 while Bangalore and Hyderabad witnessed an absorption of 1.25 million sq ft and 0.50 million sq ft respectively, according to a report by Cushman & Wakefield. The report said that this trend is due to the [...] Continue Reading »
After a slowdown in the first two quarters of 2012, India is witnessing a rise in demand for commercial rental spaces. Major cities such as Mumbai, Delhi-NCR, Bangalore, Chennai, Hyderabad, Pune, and Kolkata saw a total of 7.6 million sq ft office space absorption in the July to September as compared to 5.9 million in [...] Continue Reading »
Tellapur, in western Hyderabad, offers large number of 2-3BHK apartments with the price range of Rs 30-60 lakhs respectively. It is situated on NH 9 ( the bombay highway) and joined with the outer ring road. The proposed 400 acre mega township at Tellapur Technocity was not completed on time due to which few pockets [...] Continue Reading »
Through real estate fund that focuses commercial property is suppose to raise up to Rs 500 crore in the top seven cities of India by Azure Capital. India reality fund II, will be launched by Azure Capital, that will totally focus on commercial properties across the seven cities of India. The investors will focus on [...] Continue Reading »
Hyderabad real estate seems to be on the path of recovery. Property developers in the city are gearing up to invest in land plots and launch new projects. Few factors which have been contributing towards the residential growth are the improved connectivity levels and social infrastructure. More and more number of builders have opted to [...] Continue Reading »
The Andhra Pradesh state government has endowed the newly constituted Andhra Pradesh Land Management Authority (APLMA) with the responsibility of protecting government land. Special emphasis has been laid on the tank bed land in the state. Recently there has been stress on the protection of lakes in GHMC areas as more than fifty lakes in [...] Continue Reading »
Real estate consultancy firm Cushman & Wakefield have reported that the total new demand for residential dwellings during 2012–16 will be 11.8 million units across India. Of the total demand, top 8 cities will account for 18 per cent or 2.1 million units across categories. NCR is projected to witness the highest demand of 381,000 [...] Continue Reading »
Report by global property consultant Cushman and Wakefield states that there will be an increase in the demand for 12 million housing units across the country in the next five years. It is said that the top eight cities will form about 20 per cent of the additional demand. However, the overall demand generated for [...] Continue Reading »
Indian arm of AIG‘s global real-estate business has served a legal notice on Bangalore-based developer RMZ Corp. The notice came due to failure to let AIG exit its investment in a stalled joint venture in Hyderabad. AIG Global Real Estate India Advisors had invested Rs 350-crore in the mall project, which got delayed due to [...] Continue Reading »
