Real estate projects
Real estate developers face many challenges to get approvals from the authority which in turn lead to delay in construction work and possession. The government is planning to set up fast track approvals for real estate projects where they will post all the approved projects online to minimize delay in possession. It will be easy for consumers [...] Continue Reading »
Hyderabad- To end the dispute and joint venture with its partner, AIG Global Real Estate has decided to sell developer RMZ Corporation’s stake in a proposed Hyderabad project. They have also decided to part their ways in their other projects as well. AIG Global Real Estate is a New York-based private equity fund company while RMZ is a [...] Continue Reading »
There was no time-limit set for the implementation and approvals of the real estate bill 2012 by the central government. Just to smoothen the urban construction, protect consumer interest and to have a healthy real estate developments of apartments and unauthorized colonies, the bill was prepared in consultation with all stakeholders. The Parliament has not received necessary approvals [...] Continue Reading »
Bangalore- Phoenix Mills Ltd is planning to buy Everstone Capital’s real estate fund in Bangalore for $12 million (Rs 68 crore). The firm is in talks to buy 7.73 percent stake of Horizon Realty Fund LLC and 18.27 percent stake of Horizon Ventures II, which together, is approximately worth Rs 261 core. As of now, [...] Continue Reading »
Property investments remains dull despite attractive offers and aggressive marketing. The reason for the slowdown in real estate is because of the high property prices and unusual rise in the cost of materials used for construction, says the ASSOCHAM survey. On the eve of festival, there was a growth of only 20 percent compared to [...] Continue Reading »
Bangalore is witnessing the launching of two new projects byEzzy Group – the Tuscany style-inspired Corinth on Hennur Road comprising 25 boutique row villas; and The Avenue, a collection of boutique residences in Whitefield. This is the first projects of the group and the villas are of European or Dubai style. A big event was [...] Continue Reading »
A real estate project, Bhartiya City, a 125-acre integrated city near Hebbal in Bangalore has been launched by Bhartiya Group. The project comprises of homes in different formats, work spaces including a large IT SEZ , financial district, shopping district and a high street, hotels, a hospital and a school altogether by the eight districts [...] Continue Reading »
South Chennai is coming up with a number of new township projects for possession or nearing possession. These new projects offer a variety of property types ranging from multi-storey apartments, builder floor apartments, independent villas and plots, priced at Rs 2500-3700 per sq ft. An appreciation of 30% has been witnessed since the projects were [...] Continue Reading »
A complaint alleging the real estate developer Dwarkadhis Projects abused its dominant position has been rejected by the Competition Commission of India (CCI). While dismissing the complaint, the regulator stated that there was no evidence to suggest abuse of dominance by Delhi-based developer. The informant had purchased a dwelling unit in one of the housing [...] Continue Reading »
India Inc is unhappy with the Land Acquisition Rehabilitation and Resettlement Bill 2011 cleared by the Group of Ministers (GoM) fearing that projects costs may soar due to high land price, and cumbersome acquisition procedures. Rajeev Talwar, executive director of DLF said the Bill could affect business badly adding that projects costs will soar if [...] Continue Reading »
