India
According to global realty consultant, DTZ, because of rupee depreciation and fall in rentals amid political instability over Telangana, Hyderabad has become the world’s most affordable office location. In the DTZ’s list of top 10 least expensive offices space market in the world, four other Indian states fall which are Chennai, Pune, Bangalore and Kolkata. [...] Continue Reading »
Recently, in a conclave held in the city, speakers highlighted that the master plans for Bangalore are just decorative documents with little significance or people connect. PN Sreenivasachari, principal secretary of the transport department on damning previous comprehensive development plans (CDPs) drawn up by the BDA said, there is no idea that all are being [...] Continue Reading »
The Southern real estate company has introduced its first 2-BHK (bedroom, hall, kitchen) project in Pune in which each apartment is less than 1 crore. Company also reveals that the Sobha Orion at Kondhwa, Pune will be ready for possession in 2017. Pune ranks in second position in the list of largest cities of Maharashtra [...] Continue Reading »
After almost two years three new special economic zones (SEZs) have been planned in Gujarat, since several developers are dropping their proposals. In principle consent to the proposals worth Rs 483 crore has been given by The Gujarat industry & mines department and will soon offer it to the Government of India’s SEZ Approval Board. [...] Continue Reading »
Farmers, in parts of Gandhinagar and Ahmedabad, protested against land acquisition by Maruti. The villagers claim that the land was taken away from them at a throwaway price and given to Maruti. This is the second major instance where farmers are protesting against the State Government’s attempts to acquire agricultural land for industries. The farmers [...] Continue Reading »
According to Brick Eagle, a financial services platform for affordable housing development in India said, by 2017 the property rates are expected to double in the Eastern Mumbai District (EMD) which encompasses Karjat, Neral, Shelu and Khopoli. It added, an upward trend incomparable to other areas in the real estate market the Property investment here [...] Continue Reading »
Recently, Tata Housing declared it is planning to invest Rs.1, 200 crore for developing 13 housing projects for senior citizens in the next five years. In Bangalore by the name of Riva Residences, the company had already launched its first project and work for similar projects would soon commence in more cities, including Chennai, Ahmedabad, [...] Continue Reading »
Hindustan Construction Company’s dues of Rs. 5, 000 crore, mainly with various government agencies, continue to be stuck in litigation, although a year has passed. Praveen Sood, group chief financial officer, HCC,told sources ,out of the dues of R5,000 crore, R1,000 crore is being battled out in courts for settlement while the remaining R4,000 crore [...] Continue Reading »
The 3,000 sq ft apartment in Maker Towers B was put up for auction following insolvency proceedings against a city businessman who owned the flat that sold for Rs 1.01 lakh per sq ft. The prominent businessman outbid others at a public auction in the Bombay high court on Tuesday with his offer of Rs [...] Continue Reading »
According to Chief Executive and Managing Director of L&T Metro Rail (Hyderabad) Ltd Vivek Bhaskar Gadgil, work on the Hyderabad Metro is going on at a fast speed and, if it completes 71.16 km in three lines in five years as planned, it will be a world record. On Monday, while delivering a lecture on [...] Continue Reading »
