Realty sector
Bangalore- Good news to builders and developers whose projects have been kept on hold due to liquidity crisis. The finance ministry has planned to initiate a measure which is expected to improve the realty sector. Banks will be allowed to permit funds to stalled projects, which would revive the growth in economy. As per RBI‘s [...] Continue Reading »
Chennai- Perumbakkam, a suburban residential hub of South Chennai, has observed 8 percent increase in average property values in the last quarter. The area, offering a wide range of multi-storey apartments, is well connected to the IT hubs of OMR and Sholinganallur through the ECR Link Road. The rate per sqft of properties in Perumbakkam [...] Continue Reading »
According to research firm Liases Foras, the construction of nearly half of the 3,23,000 homes scheduled to be delivered in 2013 are lagging behind. At least a third of these will not be ready even before 2014. A survey by the company has revealed that three of every four homes to be delivered in 2014 [...] Continue Reading »
Valmark Group, established in 2007, is a Bangalore based real estate developer, who has been able to create a name for itself in the realty sector. Valmark stands for ‘valuable landmarks’ and the group boasts of highly skilled and motivated professionals who strive to achieve excellence. The group has completed many projects which include the [...] Continue Reading »
While realty is growing in Kerala, especially in cities like Kochi, drinking water supply in flats have remained irregular for months. Occupants of newly-built flats in Kalamassery, Thrikkakara, and Kakkanad are facing water shortage forcing them to buy water sold through tanker Lorries. Since they cannot get access to water supply, flat dwellers have to [...] Continue Reading »
The slowdown in the Indian realty sector has been reflected in the books of DLF, the largest player in the segment. The net profit of DLF, India’s largest real estate company, fell 18 per cent to Rs 292 crore for the quarter ended June. The dip is quite huge compared to Rs 358 crore for [...] Continue Reading »
Real estate consultant Jones Lang LaSalle India (JLL) stated in their recent report that the industrial development happening in and around Ahmedabad, Vadodara and Surat, have propelled these three major cities of Gujarat emerge as next best option for office space in real estate market. Firms based out of metros are eyeing Gujarat as the [...] Continue Reading »
The Center has finalized a central law to regulate India’s growing real estate sector and prevent realtors from targeting property buyers through unfair practices. The law ministry has cleared the draft of the Real Estate (Regulation & Development) Bill, proposed by the housing and urban poverty alleviation ministry. The bill proposes the setting up of [...] Continue Reading »
India’s economic slowdown is reflected in the realty sector in the last few months. Asia’s third-largest economy is growing at its slowest pace in nine years and slow consumer expenditure has hit the retail market and the mushrooming malls. Real estate prices and construction costs are rising but the retail business is not growing enough [...] Continue Reading »
Mangalore has witnessed slump in the residential property sales in the recent past. June-July month has seen a grave dip in the bookings. The slump seems due to reluctance of non-resident Indians to invest in property in Mangalore, , to invest in the properties here. Usually the NRIs account for 55-60 per cent of the [...] Continue Reading »
