Real-estate market
To accelerate the implementation of the proposed Bangalore-Mumbai corridor, the Infrastructure Development Department (IDD) has asked Infrastructure Development Corporation Karnataka Ltd (iDeCK) to prepare detailed reports for setting up of mega logistics parks in Dharwad, Harohalli ( near Kanakapura) and Hassan. According to sources, the government after completing the possible study has approved the project. [...] Continue Reading »
Hoskote is the new hot spot in Bangalore. Neo Bangalore is all about a planned township, world class connectivity with established industries coming in. Hoskote, an area in Bangalore which holds great promises and expectations. There are various reason why Hoskote is becoming one of the hot spots. One of the main reasons why people [...] Continue Reading »
The government is likely to come up with a Real estate Bill, which is pending in the parliament since 2009. The sector is in urgent need of this bill as the industry is known for foul business and less transparency are practiced widely. The real estate sector contributes five to six percent of the country’s [...] Continue Reading »
Jones Lang La Salle said that though smaller cities are offering a great deal of opportunities for real estate investments, this year, private equity funds will flow into large cities like Delhi, Mumbai, NCR and Bangalore as investors are looking for matured markets than speculation driven one. From the occupiers’ perspective, investors are looking to [...] Continue Reading »
As the demand for luxury homes have gone down, the developers are now concentrating on smaller-sized apartments in India. Developers are now offering cheaper homes without decreasing per area price to increase sales. Last year home sales have seen a downfall, with the increase in property prices. Though the home slaes have dropped, the demand [...] Continue Reading »
Reserve Bank of India (RBI) has announced the second repo rate cut of 0.25 percent (25 basis points) to 7.50 percent. Earlier, a similar cut was declared on January 29, 2013. This has adjusted the reverse repo rate to 6.50 percent and the Bank Rate to 8.50 percent. The Cash Reserve Ratio (CRR) has been [...] Continue Reading »
As the country has seen the launches of houses worth around $2 billion last year, luxury homes are catching up again in the real estate market. Such projects were launched during a time when the country was facing slowdown in the real estate sector. Around 5000 homes were launched across prime cities that are priced [...] Continue Reading »
Hindustan Unilever Ltd (HUL) is now thinking of disposing of its residential properties and plots after selling/leasing out its commercial properties last year. The consumer goods giant is focusing on selling these properties basically in the metro cities which can garner revenue of Rs 100 crore. About two dozen apartments and land parcels in posh [...] Continue Reading »
After the Union Budget was announced, Bangalore is expecting major developments impacting its real estate market. The recent announcement of the business corridor has brought a cheer to the city realtors. The dream project, the Peninsular Region Industrial Development Corridor (PRIDe corridor) or the Andhra Pradesh-Chennai-Bangalore-Mumbai corridor, comes close to reality, the industrial potential of [...] Continue Reading »
Earlier, the western parts of Bangalore were noted for thickly populated residential layouts and industrial zones beyond. There was no development happening on the road to Mysore leading out of the city but today the belt is covered with innumerable realty developments with a spot of vacant land in sight. The factors that improved the [...] Continue Reading »
