Real Estate in Bangalore
Bangalore real estate is presenting a different picture than most of the other cities in India. An example at hand, Bangalore-based realty firm Prestige Estates Projects Ltd, has robust home sales and office space leasing looking to surpass its own forecast for fiscal 2012. It also has a strong pipeline of launches. This is at [...] Continue Reading »
The trend has been that compared to other metros, the overall demand for 1BHK apartments in Bangalore are much lower. However, the recent trend shows that 1BHK apartments have gained importance in localities of North Bangalore, closer to the Devanahalli Airport. North Bangalore is growing primarily on account of proximity to the International Airport in [...] Continue Reading »
A recent survey was carried out by real estate research firm Jones Lang LaSalle (JLL) on affordable housing in seven cities – Mumbai, New Delhi, Kolkata, Chennai, Pune, Ahmedabad and Bangalore. The survey shows that Mumbai tops six other cities in the country for the number of upcoming affordable housing projects. Around 15 projects are [...] Continue Reading »
At a time when real estate sector is riding on a low tide, developers Prestige Estates have been able to register a rise in their profit. Prestige Estates’ net profit has risen 35.4 per cent to Rs 49.3 crore in the April to June quarter. Turnover stood at Rs 246.4 crore, down by 6 per [...] Continue Reading »
The high profile case between industrialist Nusli Wadia and real-estate developer Gopal Raheja about challenging the management rights over 460-acre land in Malad, drags on. The court has now asked Ferani Hotels, owned by Raheja, to file their affidavit supporting its claims by August 22. The court has asked Nusli Neville Wadia to submit his [...] Continue Reading »
The steady pricing that Bangalore real estate has maintained so far has been good news for the buyers. But things are expected to change as the Bangalore real estate market is expected to shoot up from the next quarter. The main pushing factors are increase in cement and steel prices in the last couple of [...] Continue Reading »
Residential property sales across Bangalore have dropped up to 40 per cent in April-June quarter as compared to the peak of Q4 2012. The city’s realty markets, where real estate sales are largely driven by IT clientele (60-65 per cent), have been going through a sluggish period. According to Karvy Institutional Research, a brokerage firm, [...] Continue Reading »
Bangalore’s real estate is growing exponentially with the support of the IT boon. Several areas of extended part of Bangalore are growing in terms of the realty projects in Bangalore. Marathalli and Whitefield are such area where the real estate has grown rapidly. As on date approximately 20 million sq. ft of commercial and retail [...] Continue Reading »
Patel Engineering Ltd has planned to invest Rs 2,025 crore in development work and in integrated township project in Bangalore. The entire proposed project will be coming up in Electronics City in Bangalore. On the Global Investors Meet (GIM) in Bangalore, the company signed a memorandum of understanding (MoU) with the government of Karnataka that [...] Continue Reading »
People living in apartments in metro cities now prefer to stay in a home with little greenery around. To honor the choice of the residents many new Age developers like Ireo, Tata Housing, Lodha Group, Puri Constructions, Sobha Developers, Ashiana Housing, DB Realty, and 3C Company are now laying special emphasis on spacious and lush [...] Continue Reading »
