Pune
Indiareit Fund Advisors, the real estate private equity arm of Piramal Enterprises who invested Rs 440 crores has exited from the three realty projects including a residential project in Pune, a premium luxury project in Mumbai and phased stake sale of an SEZ within a township project located at Hinjewadi, Pune, being developed by Paranjape [...] Continue Reading »
In terms of real estate, 2012 was a dull year because of poor industrial production and high interest rates, according to Jones lang LaSalle. In 2012, 1,60, 622 residential units launched and at the same period in 2011, 1,54,701 units were launched. The year-on-year rise in average residential capital value in 2012 was in the [...] Continue Reading »
Bangalore- Elevated roads in Bangalore, along with minimizing traffic issues and giving an elegant look to the region, have also influenced the real estate development of areas along the corridor. Some of the important elevated corridors that have transformed the real estate scenario of the city include Tumkur Road, Hosur Road and Bellary Road. Tumkur [...] Continue Reading »
Bangalore- Real estate in India has witnessed more residential project launches in 2012 than in the last year despite slow sales and reduced growth in prices, reveals a new study. Real estate companies launched more residential units between January and September 2012, than in the same period last year, while still struggling with sales and [...] Continue Reading »
Pune- The orders issued by Karnataka high court regarding waste segregation and management has inspired the Pune Municipal Corporation (PMC) to get rid of garbage mismanagement in Pune. The court, stressing on waste segregation at source in Bangalore, ordered that residents have to segregate dry and wet waste at household level and then the segregated [...] Continue Reading »
Pune- The civic bodies are now able to get more funds intended for homes schemes for the weaker people. The Centre recommended to create a whole new fund scheme intended for low-income communities in order to purchase or construct house. The ministry of housing and urban poverty alleviation (HUPA) made a decision to up-date the [...] Continue Reading »
Pune- There are about three to four new projects coming up and a few on redevelopment basis focusing only on 2bhk and 3bhk apartments in the Vadgaon-Budruk locality, located in Western Pune. The new construction activity in the residential segment is in the range of Rs 2,300-4,500 per sq ft. and the area has witnessed [...] Continue Reading »
Pune- The cleaning of Katraj lake is on full swing. To recycle the water and increase the level of oxygen the civic body has installed four aerators. The Pune Municipal Corporation (PMC) had arranged for extra manpower and machinery to remove the dead fish and prevent mosquito breeding in the lake. The civic body commenced the [...] Continue Reading »
Delhi-NCR- A recent report by property consultancy firm, Knight Frank India stated that Delhi-NCR and Mumbai have once again topped in terms of investment when compared to other cities. Areas like Ulwe, Wadala, Chembur in Mumbai and Noida Extension and Dwarka Expressway will witness an increased appreciation in the coming five years based on the capital [...] Continue Reading »
Bangalore- Portman Holdings is all set to invest around 65 crore and 83 crore in Promont, a Bangalore project of Tata Housing which is the real estate arm of Tata Group. Portman has picked about 26 to 30 percent stake in the high-end residential project, whose equity valuation is 250 crore. The firm has investments [...] Continue Reading »
