real estate in
Almost all the rickety and stubby government buildings will be soon reconstructed to new high rise apartments and office blocks in Delhi. This is one of the biggest redevelopment exercises that will come up in the heart of Delhi since Independence. The existing two storey structures will be rebuilt to 10-12 storey residential blocks which [...] Continue Reading »
Anil Ambani lead Reliance Group joins hands with China’s leading real estate developer WANDA GROUP for a multi-million dollar joint venture to develop an integrated township project in Hyderabad. This will be the first time that a Chinese Real Estate company is entering the Indian Real Estate market. The initial projects have been initiated in [...] Continue Reading »
Bangalore based real estate developer Salarpuria Sattva, has launched a premium mixed use project in Hyderabad. The project is situated near Hussain Sagar lake, one of the hot spot in Hyderabad. The total project covers 8.5 acres and about 1.6 million sq ft of residential, commercial and retail spaces. The company wants to develop around [...] Continue Reading »
Delhi- NCR : Finance Ministry has asked Reserve Bank of India (RBI) to relax the provisional norms depending on the infrastructure of the buildings. This will help the banks to lend attractive home loans to the buyers. The rule is that all the banks have to keep aside an amount equal to the one percent [...] Continue Reading »
Delhi-NCR : The new rule from the Delhi high court have restricted transfer and sale of plots by owners from housing societies. Soami Nagar cooperative house building society has recently been penalized by Justices Sanjay Kishan Kaul and Vipin Sanghi for the sale of a plot by its member to an outsider. The society has [...] Continue Reading »
Hyderabad : Real estate is booming in Miyapur due to the recent growth of residential projects. As it is situated in NH 9 in the Hyderabad IT Hubs – Hi-Tech City and Gachibowli enjoys the most growth proximity. In last two years, 12 projects came up and 30 more projects are lined up to be [...] Continue Reading »
Studies show that new mall supply is reducing in the first half of this year. As a result, high street rentals in Mumbai’s retail real estate are on the rise. With developers focusing on cutting down the current mall vacancy and hence cutting down on new launches, the lack of quality mall space is pushing [...] Continue Reading »
The real estate scenario in Mumbai remains grim with fewer buyers showing interest in purchasing property, the number of unsold units in the Mumbai metropolitan region has shot up. As per records, unsold units touched 121.97 million sq ft by June 2012. Of the total unsold stock, about 25% is located in the western suburbs [...] Continue Reading »
