Pune
Due to opposition from locals, the Pune Municipal Corporation‘s (PMC) efforts to decentralise garbage processing has halted with the state and civic body failing to acquire land to set up the processing units. A civic official said, the civic body had forwarded 17 land acquisition proposals to the district collector and some were finalised by the state [...] Continue Reading »
As there has been a depreciation in the value of rupee, Non-resident Indians (NRIs) in the UAE are now interested buying properties in India. Prior to the three-day Indian Property Show in Dubai, pre-launch bookings have been done by NRIs which has risen to 80 per cent in recent months. The NRIs who have been [...] Continue Reading »
In less than three months, Pune Municipal Corporation (PMC) has collected Rs 300 crore as property tax from 3.75 lakh people since April 1, 2012. The property tax department in Pune stated that this milestone could be achieved only due to the tax discount scheme of PMC. The tax discount scheme stated that those who [...] Continue Reading »
Edelweiss Housing, a branch of financial service provider Edelweiss Group, aims at taking its total loan-book size to Rs 6,000 crore by 2015, a top company official said. The firm has a loan book size of 900 crore and has set up its housing finance in 2010. Anil Kothuri, Edelweiss Housing Finance Executive Vice-President, told that the company started [...] Continue Reading »
India has witnessed a rise in number of NRIs investing on properties. The dollar appreciation has given a further push to demand from NRI’s for investment in residential properties. With the real estate becoming cheaper for NRIs, many seek to invest in residential properties in two-tier cities such as Pune, notes Om Ahuja, CEO – [...] Continue Reading »
About ten new township projects have been launched by Sahara India in Tier-2 and 3 cities in the country. These projects cover around 900 acres out of its 27000 acres spread across the country. The group has also launched an affordable housing project in the name of Sahara Swapna City which will be built in [...] Continue Reading »
ICICI Prudential PMS Real Estate Portfolio has successfully exited its investment from ‘KUL Ecoloch‘ recently. ‘KUL Ecoloch’ is a township project constructed by River View Properties Pvt. Ltd. which is a branch of Kumar Urban Development Limited in Pune. The real estate front had invested Rs 47.5 Cr from which they gained a revenue profit [...] Continue Reading »
In a report by a global property consultancy firm it is came to know that Hyderabad, Chennai and Pune are among the top five cities in the world with the lowest office occupancy cost. Total occupancy cost includes real estate price, infrastructure and efficiency of buildings. Costs have come down in these three cities because [...] 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 »
The number of unsold homes in Mumbai and Delhi is increasing and these homes do require minimum of three to four years to be sold. A recent study by Liases Foras, a real estate rating and research consultant firm says that it takes at least three years to clear 1.13 lakh units or 120 million [...] Continue Reading »
