Real Estate Sector
CMRS Royal Orchid is one of the completed residential projects by CMRS which is located in off Varthur Main Road. The project is spread over 1.2 acres of land. CMRS Royal Orchid comprises of G+4 floor and 115 units with 2 blocks. The project has a choice of 2 BHK and 3 BHK apartments with [...] Continue Reading »
Kochi – As the commercial activities of Kochi city are largely shifting to its suburbs, municipalities of Kalamassery, Thrikkakara, Tripunithura and Maradu are witnessing a major increase in tax collection. The municipalities are expecting a combined revenue of over 60 percent of the revenue of the Kochi corporation (Rs 60 crore). The real estate growth [...] Continue Reading »
Property prices in India has gone up by 40 percent due to delay in clearance of projects. According to Economic Survey 2013, to start a new project, 34 procedures are required to obtain clearances which take an average time of over six months, and the issue needs to be addressed. As per the survey for [...] Continue Reading »
If sources are to be believed, rating agency ICRA expects the real estate market in Bangalore to continue to grow at the rate of four percent to six percent annually till FY 2015 led by the demand from new investors as well as migrants and continued growth plan of many IT, engineering and manufacturing companies based [...] Continue Reading »
Green Shapes Developers has launched Anupam, a villa project on NH-207, Sarjapur Road. The project is spread over 6.12 acres of beautiful lush greenery. Anupam is set on NH 207, in the heart of Sarjapur and very close to upcoming Infosys SEZ. The area has easy access to Electronic city, Whitefield and Marathahalli IT belts. It [...] Continue Reading »
Farm Casa is a ready to occupy project by Greater Bangalore Estate which is located on Denkanikota highway just 8 kms from Hosur railway station. the project offers different types of plots size ranging from 5000 sq ft to 6000 sq ft. The price of the plots ranges from Rs 9.95 lakhs to Rs 11.94 lakhs. Farm [...] Continue Reading »
Over the past one year, rentals of high end villas have dropped drastically as leasing deals from the expat community have almost halved and supply of units has increased. According to a real estate expert, in last one year, the rentals for high end villas fell by 25 to 30 percent. According to a property [...] Continue Reading »
The home loan incentive which was announced recently by the Finance Minister with the Union Budget 2013 has been the talk since its release. The real estate developers are the group who can cheer the most with the incentive. One can claim the tax deduction only if his/her loan amount is less than Rs 25 lakh. Also, it has [...] Continue Reading »
The French Embassy and French development agency, Agence Francaise de Development (AFD) has signed an agreement with Bangalore Metro Rail Corporation Ltd (BMRCL) for providing Euro 110 million (about Rs 787 crore) finance to Bangalore Metro project. They signed a project Financing Agreement this week. The financing has been earmarked for a long term Credit [...] Continue Reading »
Kochi – If you are planning to buy an apartment in Kochi, then don’t delay your decision. It is because the Kerala government will soon pass the Kerala Apartments Regulation Act. To ensure systematic and planned development in real estate sector, a regulatory authority has been made mandatory under the act. Kerala Apartments Regulation Act will [...] Continue Reading »
