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Gurugram civic body directs DLF to complete pending infrastructure work in three colonies

Gurugram civic body directs DLF to complete pending infrastructure work in three colonies
  GURUGRAM: The Municipal Corporation of Gurgaon has ordered DLF to execute the unfinished infrastructure work in its three colonies — DLF 1, 2 and 3 — for their takeover by the organization. The left out work associated with roads and drains in these communities has hindered the method of takeover and produced difficulty to the citizens. In a strongly [...] Continue Reading »

Internet Research Decides Most Realty Purchases: Google Study

Internet Research Decides Most Realty Purchases: Google Study
Most real estate developers resort to print and television ads for marketing, while dedicating only about 6 to 7 per cent of their marketing budgets online. A recent study by Google proves that developers are playing it wrong, as more than half of the home buyers make decisions influenced by Internet research, in comparison with [...] Continue Reading »

Property prices rise in Faridabad

Property prices rise in Faridabad
Faridabad is growing at a rapid pace and is among the fastest growing realty destinations in NCR area. Increased demand for residential property has pushed the property market and transactions have increased by manifold in the area. Availability of  homes at affordable rates along with improved infrastructure have resulted in property prices to go up [...] Continue Reading »

Tamara Real Estate expanding business

Tamara Real Estate expanding business
Post the opening of its first premium resort in Coorg, Karnataka, Tamara Real Estate plans for expansion. Aiming at future business growth, it eyes on expansion in Kodaikanal and Alappuzha with similar resorts. Tamara Real Estate Holding has set up The Tamara Hospitality in which Infosys’ co-founder S D Shibulal daughter Shruti Shibulal is the [...] Continue Reading »

RBI rate hike will result in Properties becoming Cheaper by 20%

RBI rate hike will result in Properties becoming Cheaper by 20%
The industry is facing a crunch and the fund gap over the next five years alone would be as high as $70 billion.The move of cutting property prices by 20% following  RBI’s increase in repo has come in as a shock and will hit both developers and home buyers given the higher cost of funding, [...] Continue Reading »

SEBI orders to return money collected from investors, Sahara moves SC

SEBI  orders to return money collected from investors, Sahara moves SC
Market regulator SEBI on June 23 had directed two Sahara group companies — Sahara India Real Estate Corp (SIRECL) and Sahara Housing Investment Corp (SHICL) — to refund the money raised from investors through optionally fully convertible debentures (OFCDs) with an annual interest of 15 per cent from the date of receipt of money. Sahara [...] Continue Reading »

OMR Chennai Emerging as Chennai’s IT hub

OMR Chennai Emerging as Chennai’s IT hub
Chennai City is witnessing a change in the concept of development of large-scale projects with the entry of big developers from outside the city planning integrated townships here. Old Mahabalipuram Road (OMR) has attracted most of the real estate development in Chennai in the last 3 years after being declared as the Chennai IT Corridor. [...] Continue Reading »

Gang of Fraudulent Realtors Held

Gang of Fraudulent Realtors Held
The Pune Special Cell held gang of fraudulent real estate managers for cheating more than 200 people in Delhi and Pune of crores of rupees. The fraudulent real estate managers tricked people into buying land in Masharashtra towns at ‘low rates’ and fled. “With the arrest of one Arvind Kumar, a resident of Paschim Vihar, [...] Continue Reading »

Sayaji Pune to Invest Rs 100 Crores

Sayaji Pune to Invest Rs 100 Crores
Sayaji Pune is planning to expand its operations with a sports and cultural club, restaurant, mall, convention and conference facilities and serviced apartments. On completion of two years in Pune, Sayaji Hotels is planning to invest Rs 100 crorein the city. “This expansion will be completed by September 2012 with a total investment of Rs100 [...] Continue Reading »



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