Pune
To cater to the needs of senior citizens, who want to live a comfortable retired life, exclusive townships for senior citizens are coming up in various places. One such township is at Neral, at the foothills of Matheran, Maharashtra, which provides comfortable living experiences along with amenities. Similarly, Athashri, a project of Paranjape Schemes in [...] Continue Reading »
The Maharashtra government has announced that it will soon increase the floor space index (FSI) in the state. The consideration comes as a way to permit developers to build taller buildings to promote the development of integrated townships around the state’s densely populated cities such as Mumbai and Pune. The government also sees it as [...] Continue Reading »
Realtors are expected to come up with a high number of project launches this festive season. Faced with uncertain demand, the past two years have seen limited project launches by real estate companies. However, it looks to change as this year, as developers have decided to launch slew of projects to generate momentum and cash [...] Continue Reading »
The private equity arm of Housing Development Finance Corporation (HDFC), HDFC Property Fund, plans to raise a $500-million real estate off shore fund by the end of 2012. The company is planning to raise the capital in a single close deal and is in talks with sovereign funds, including Government of Singapore Investment Corporation (GIC) [...] Continue Reading »
The Pune Municipal Corporation(PMC) has prepared a list of nearly 10,000 property tax defaulters. The defaulters have more than Rs 1 lakh property tax dues per head. The PMC has revealed that it has to recover around Rs 100 crore from these defaulters. The civic administration issued notices to these people and has demanded that [...] Continue Reading »
Mantri Developers is one of India’s leading real estate developers who has to their credit building world class residential properties, IT parks, shopping complexes, commercial buildings and educational institutions. Established by Mr. Sushil Mantri in 1999, the developers have delivered over 6,000 homes, built 20 projects and boast of building over 1 crore square feet [...] Continue Reading »
Real estate firm Vatika Group plans to invest around Rs 250 crore in the next five years to expand its business centre venture. Vatika Business Centre, a subsidiary of Vatika Group, currently has eight business centres in Gurgaon, Bangalore, Hyderabad, Pune and Mumbai. It covers more than two lakh square feet of office space with [...] Continue Reading »
Western Pune has been one of the most prominent real estate pockets over the years and the Apr-Jun 2012 quarter witnessed a growing preference for localities in West Pune as compared to East Pune. Locals like Wakad, Pimle Saudagar, Kothrud, Aundh, Baner have become most preferred residential locations. Much of the share of credits goes [...] Continue Reading »
Real estate continues to remain top option for Indian investors. Capital appreciation, rent and protection from inflation drive real estate investment and citizens go for second property for all these advantages. A recently conducted survey in Delhi/NCR, Mumbai, Bangalore, Hyderabad, Chennai, Ahmedabad, Kolkata, Pune, Chandigarh, Kochi, Coimbatore and Jaipur shows that out of 1,430 respondents, [...] Continue Reading »
Land rates in Bihar continues to soar. However, the volume of revenue collected by the registration department from sale of land and apartments has registered a 50 per cent growth compared to corresponding period last year. According to the statistics of the registration department, the state has earned Rs. 653.51 crore as revenue from the [...] Continue Reading »
