Residential
The Vijayawada Municipal Corporation which has remained cash starved for long is planning to revise the property tax for both residential and commercial properties in the city. Authorities are likely to be presenting the proposal during the first meeting of the VMC council which is slated to be held this Wednesday. There are around 13 [...] Continue Reading »
Greater Gurgaon, or Sohna Road, is registering a boom in the real estate market with supply keeping pace with demand. Experts even say the area is set to emerge as the next axis for residential, commercial, institutional, and industrial development in Gurgaon. It is a good example of mixed-use development with great scope for further [...] Continue Reading »
The new rates are likely to be effective from next month. According to sources, the Noida Authority proposes to hike the land allotment rate of residential and commercial properties by 15% and industrial properties by 10%, respectively. Sources told sources the proposal is ready and will be tabled in the next board meeting of the [...] Continue Reading »
Supin Meechucheep, managing director of JLL (Thailand) suggests that investments in New York, Los Angeles, London, Tokyo, Shanghai and Beijing make perfect economic sense. He adds that property values in these big cities will continue to grow because of urbanisation. Supin favours investments in US in commercial assets, such as department stores, offices and hotels. [...] Continue Reading »
In the next 2-3 years, Mulund area is set to receive a lot of residential projects. The projects include apartments ranging from 1 to 4-BHK units with prices varying between Rs 80 lakhs to over Rs 3 crores. In January 2014, the Supreme Court cleared the long disputed forest land and the developers have started [...] Continue Reading »
The home buyers in realty developer Supertech’s two under-construction 40-storey towers in Noida held demonstrations on Sunday. They were protesting against the builder and the Allahabad High Court ruling that ordered demolition of the apartment blocks. About 250 home buyers gathered at the construction site in Noida’s Sector 93A. Anil Kumar, who bought a 1,050 [...] Continue Reading »
A major real estate portal in India, Commonfloor.com, has launched a new version of its Apartment Management offering – Common Floor Groups, which will replace the earlier version CommonFloor Apartment Communities. The new version is going to offer better communication, management and coordination amongst residents, owners (residents or non-residential landlords) and RWAs (Resident Welfare Associations). [...] Continue Reading »
Kolkata Metropolitan Area has been segregated into eight micro-markets by Crisil Research. Around 6% of the total upcoming supply in Kolkata is estimated to come from Salt Lake area, as per Crisil Research’s estimates. Between 1958 and 1965, Salt Lake was developed as a satellite township. Several national and international information technology (IT) companies have [...] Continue Reading »
The Olympia group, well known for developing residential and commercial spaces in Chennai and Kolkata, has now launched a new project Enchante in Bangalore. This project has 26 Villas in more than 4.5 acre land and is located behind Forum Value Mall. Mr. Ajit Chordia, managing director, Olympia group, says that they believe Bangalore is [...] Continue Reading »
Illegal constructions spread over 4,000 sq ft in Warje, has been demolished by Pune Municipal Corporation (PMC) on Saturday. According to Civic officials these incorporated residential and commercial establishments. Without permission from the civic administration, the side and front margins were occupied in the premises. The civic administration had acted against encroachments in Ambegaon, Bavdhan [...] Continue Reading »
