Residential projects
Synergy Property Development Services, a project management firm has confirmed that they have acquired two residential projects in Bangalore. The contract occurred between the developer and the city based Embassy Group is of Rs 1,239 crore. Based on the deal, Synergy will take care of construction of project to its final development. The two upcoming [...] Continue Reading »
The realty scenario for the year 2011 was a roller coaster ride. Too many residential projects were paused, with plenty of apartments are still left unsold! The housing finance companies were in a complete dilemma with the interest rates hiked many times during this year. The delay in project execution was a major drop down! [...] Continue Reading »
Even though overall report of realty 2011 reveals a neutral picture, the fact lies hidden behind! Probably we forgot to discuss or have a look back at residential sales of the year. It was a deadlock realty transaction! There are already plenty of residential projects pending to be sold and with this remark the upcoming projects [...] Continue Reading »
Amrapali Group, a Noida based real estate developer will be soon launching two residential projects in Noida. Rs 220Crore investment will be raised wherein IL&FS Investment Managers will be investing Rs 100Crore on Princely Estate, mid-segment apartment project in Noida which is spread across 20 acres. Whereas JP Morgan Chase will be investing Rs 120 [...] Continue Reading »
Property buyers beware of the residential projects which avail discounts while buying a property. According to the recent survey of Jones Lang LaSalle India (JLL), the developers who have started luxury residential projects will soon be facing problems in delivering the projects. Due to hike in interest rates and high property prices there is a [...] Continue Reading »
Land acquisition was a major headache throughout the year in Noida and therefore maximum of the building constructions were stopped. Now things are in place there is huge number of upcoming projects and the floor area rates have raised by Rs.500 to 600 per square feet. The Amrapali Group, a realty firm has planned to [...] Continue Reading »
The Luxury hotel chain of Park Hotels is all set and ready to expand its business planning to commence service apartments sector in Kolkata. Nearly 400 rooms will be availed for the service apartments in the company’s second hotel in Kolkata. The idea of service apartments is said to work out well in Kolkata as [...] Continue Reading »
The builders and developers in Chennai are planning to pre-launch their projects which was kept unsold or unused due to major drop in property sales. Only because of the rising interest rates and property price hike nearly half-a-dozen of mega residential projects were on hold. On the occasion of Pongal (festival), the city developers are [...] Continue Reading »
Builders in Noida who have their upcoming residential or commercial projects in hand will have to pay enhanced compensation to the farmers. Greater Noida authority (GNA), in a meeting with the developers has passed orders to pay an extra sum of Rs 2,015 per sq mt within next three months. According to the data collected by [...] Continue Reading »
Mumbai soon to be modernized with nearly 60 billion dollars investment to be made by Maharashtra government over the next 20 years. Also the modernization project will be taken initiative by the public-private partnerships and city is expected to grow rapidly in infrastructures like; transport, power, tourism industries and in residential projects. Ratnakar Gaikwad, Chief [...] Continue Reading »
