Residential properties
The real estate market in Bangalore is showing a downward trend for the residential properties. But the scenario is opposite for office places. Bangalore is recorded highest absorption for office places compared to all major cities. In the financial year 2011-12, more than 13 million sq ft of office spaces are consumed by different companies [...] Continue Reading »
The performance of the realty market in India is worse. However the investors see a scope of growth opportunity in this scenario. Different private equity real estate fund like Red Fort capital, Kotak Realty Fund or Arth Veda fund management have already raised funds for residential properties. It is considered as the time to withdraw [...] Continue Reading »
The present realty situation has paused the launch of new residential projects in entire India. There are plenty of pending projects which were constructed during previous year and have not been sold! The developers and builders in Hyderabad have therefore planned to push these pending projects and then plan for new launches. In these realty [...] Continue Reading »
Jalahalli located in the northern part of Bangalore city is an eye catching locality for its greenery. Initially the area was developed by industrial sectors like; Bharat Electronics Limited (BEL), CMTI, Hindustan Machine Tools (HMT), the packaging unit of Tata Tea Ltd and Airforce station spread across all four corners of the locality. If these [...] Continue Reading »
Residential properties in Hyderabad that have been leased and rented out by owners to other members will have to bear additional property tax rates. The Greater Hyderabad Municipal Corporation (GHMC) say that this is not a hike in property tax, however a rationalization of tax. The recent field inspection by property tax collectors revealed that [...] Continue Reading »
With this kind of fluctuation in realty market, the real estate developers in Bangalore city no longer interested on selling their residential or commercial properties. The rising interest rates, property rates; the real estate developers say that they have learnt a big lesson from witnessing loss and profits. The only path they find workable is [...] Continue Reading »
It might sound a little in-serious, however it’s a fact that the residents who are fed up with unbearable traffic noise are shifting to outskirts of the city. This has left many vacant properties in city main roads, bringing in huge loss to real estate market. The situation remains same for residential properties, commercial buildings [...] Continue Reading »
Pune Municipal Corporation (PMC) recently recovered Rs 5 crore, however the fact is that property tax is the important source of income for PMC. The tax collection drive seems not to end at this, PMC has a long way to go ahead and collect nearly Rs. 400 crores more. These cases are still on pause [...] Continue Reading »
The real estate sector in Pune is beginning to show serious signs of strain under the combined weight of increasing cost of construction, astronomical mortgage rates and a generally uncertain economic climate. Inflation has also contributed to a decrease in affordability of residential properties. In 2011, prices had increased by between 4-5 % in many [...] Continue Reading »
Since January, real estate brokerage firms in Ahmedabad have seen a slump in business by about 30 per cent. Property bookings have also been on a downhill since couple of quarters now. Real estate consulting firm, Jones Lang LaSalle (JLL) India states that the downgrading of US economy has also played a part in aggravating [...] Continue Reading »
