Real estate projects
Despite low demand for real estate projects in Kochi, realtors deny to reduce prices hoping that the sector will soon recover from the current situation. The average price of double bedroom flats in the city varies from Rs 35 lakh to Rs 45 lakh. Realtors say that majority of the apartment projects in Kochi were [...] Continue Reading »
Files of real estate projects are piling up at the Hyderabad Metropolitan Development Authority (HMDA) for the past two months waiting for approval. The new metropolitan commissioner Neerabh Kumar Prasad is said to be sending the files back to the developers red-marked with query after query so that the files stay in endless cycles. The [...] Continue Reading »
Hines India Real Estate Pvt. Ltd, the local unit of a US-based realty firm, plans to invest into residential development projects in India and warehousing and logistics sector. Hines has built many landmark towers such as the Bank of America Center in Houston and the EDF Tower in Paris. In 2007, Hines set up a [...] Continue Reading »
After the growth of Electronics City, Hosur Road has started to grow in terms of real estate developments. Today many residential projects, resorts, IT parks, hospitals, schools are coming up in this area. The residential projects in Hosur Road are growing after the construction of the longest elevated road in the country leading to the [...] Continue Reading »
The draft Real Estate (development and regulatory) Bill has suggested that every builder must maintain escrow account for customer advances and all third-party liabilities so that proper monitoring and use of proceeds is ensured in real estate projects. Last year, the Reserve Bank of India, too, asked banks to put in place an escrow mechanism [...] Continue Reading »
Puravankara Projects is planning to launch 5 new real estate projects in Financial Year 2013. The projects will be constructed in the cities of Bangalore, Chennai, Coimbatore, Mangalore and Mysore. Puravankara is looking to sell 3 million square feet of projects in coming financial year. The company is also planning to utilize the demand for [...] Continue Reading »
Bandra Kurla Complex was created by MMRDA as an alternate commercial destination to Mumbai. Till now BKC has grown as a commercial real estate destination and real estate projects lined up in the region. Currently, BKC has a total stock of 8 million square feet of office space. And an additional supply of 2.5 million [...] Continue Reading »
Infrastructure has a greater impact on real estate industry in India. After that announcement of cancellation of Jewar Airport Project, the real estate market in Greater Noida and around Yamuna expressway has witnessed a downward trend. The construction of the airport is cancelled on the base of a clause in the agreement between Centre and [...] Continue Reading »
Water scarcity is going to be a challenge for the residents as well as for different civic authorities in India. To overcome the crisis, experts from the industry sector and real estate urged that industries and builders need to implement rainwater harvesting in projects in India. According to the experts, government must provide assistance in [...] Continue Reading »
The state government of Tamil Nadu has planned to set up a Tamil Nadu Infrastructure Development Board to expedite the real estate projects in the state. According to the proposed Tamil Nadu Infrastructure Development Act, 2012, the development board will be the nodal agency to coordinate Government efforts in the infrastructure sector. The main aim [...] Continue Reading »
