Kochi
According to National Housing Bank (NHB) data, housing prices have risen by up to 10.5 per cent in 16 major cities of the country in the April-June period, while only three towns have witnessed a marginal fall. The data is taken from NHB ‘RESIDEX’ which tracks the movement in prices of residential properties on a [...] Continue Reading »
While realty is growing in Kerala, especially in cities like Kochi, drinking water supply in flats have remained irregular for months. Occupants of newly-built flats in Kalamassery, Thrikkakara, and Kakkanad are facing water shortage forcing them to buy water sold through tanker Lorries. Since they cannot get access to water supply, flat dwellers have to [...] Continue Reading »
Due to less supply and delayed monsoon, cement costs rose to Rs 55 per bag across markets. A source said the hike will not stay long since it is due to supply shortage and onset monsoon. South has witnessed a mixed trend with Hyderabad and Bangalore seeing a correction of Rs 5 per bag, and [...] Continue Reading »
The US Consulate in Chennai is all set to open American Business Corners in Kochi and Thiruvananthapuram to provide further stimulus to the US-Kerala bilateral business relations. The American Business Corners- or ABCs- will be opened in the two cities in September to coincide with the Emerging Kerala Summit. The US consulate will participate in [...] Continue Reading »
Realty giant DLF is all set to sell at least two out of the three non-core businesses as it plans to cut its Rs 23,000 crore debt to about Rs 17,000 crore in the current fiscal. DLF Group Executive Director Rajeev Talwar revealed that the group is all set to sell its luxury hospitality chain [...] Continue Reading »
Despite low demand for real estate projects in Kochi, realtors deny to reduce prices hoping that the sector will soon recover from the current situation. The average price of double bedroom flats in the city varies from Rs 35 lakh to Rs 45 lakh. Realtors say that majority of the apartment projects in Kochi were [...] Continue Reading »
The Kerala State Housing Board is set to launch commercial ventures to build 60 green apartments in Kochi and Thiruvananthapuram. The apartments will be set up on land it owns in Panampilly Nagar in Kochi and Ambala Nagar in Thiruvananthapuram. The Board has applied for Green Rating for Integrated Habitat Assessment (Griha), the national rating [...] Continue Reading »
Real estate index has been on a rise in three main cities of Southern India- Hyderabad, Bangalore and Chennai. Around 45% of commercial office spaces and 56% of mall spaces will be contributed by these main cities of South India between 2012-16. Also, in the residential sector, the cities accounted for one-third of the country’s [...] Continue Reading »
Residents of Greater Kochi have opposed the idea of upcoming industrial projects in the areas of Eloor-Edayar and Ambal-amugal. This is because of the fact that there is less qualitative work done for the improvement in the condition of air, soil and water in the area and the new projects will deteriorate it more. The [...] Continue Reading »
At present, redevelopment of properties is the “in thing” in real estate sector. One of the top realty player, Godrej Properties has planned to expand its project portfolio in the redevelopment segment. In context with same GPL Managing Director and CEO Pirjsha Godrej says, that in order to increase the availability of housing in Mumbai, [...] Continue Reading »
