Residential real estate
Lucknow Development Authority is all set to come up with a new housing scheme in Para, Hardoi Road, in October. The scheme is proposed to have nearly 4,000 apartments. It will cater to both the lower income group and the middle income group. 2,000 apartments will be meant for the lower income group (LIG) and [...] Continue Reading »
Bhiwadi on National Highway 8 promises to become a real estate destination. It has an established industrial set-up and with the rise in housing demand it has witnessed unprecedented growth in realty front. MNCs and commercial real estate markets foraying into Bhiwadi has driven the growth of residential property in the city. Developers like Ashiyana, BDI, [...] Continue Reading »
Miyapur located on National Highway 9 near the Pune-Hyderabad-Machilipatnam highway is witnessing high demand and appreciation in the residential segment. Both demand and supply in the residential sector in the area have increased in recent times. Strategic location and affordable values in Miyapur are the key factors which have pushed the real estate boom. Hyderabad [...] Continue Reading »
According to National Housing Bank (NHB) data, housing prices have risen by up to 10.5 per cent in 16 major cities of the country in the April-June period, while only three towns have witnessed a marginal fall. The data is taken from NHB ‘RESIDEX’ which tracks the movement in prices of residential properties on a [...] Continue Reading »
The Chandigarh Municipal Corporation has finally started the exercise to impose property tax on residential properties in the city. The accounts wing of the corporation has wrote to 25 government departments and organizations besides housing societies to submit details regarding their residential accommodations in the city within a period of one month. The information has been sought from Chandigarh [...] Continue Reading »
A recent report by Jones Lang LaSalle predicts that the residential market in Chennai is to undergo a transformation in coming months. So far there has been no scope for the growth of large-sized township projects within Chennai. Developers had been more content with building 12-30 units with limited amenities. The scene is changing with [...] Continue Reading »
The heat of mall culture across national capital region (NCR) seems to be gradually cooling off. As per Cushman & Wakefield’s (Q&W) recent report on the national retail real estate market, the region has been witnessing the highest ever deferment of new floor space additions and vacancy levels within its malls. The region has observed [...] Continue Reading »
Due to an exceptional income of Rs 607 crore from properties sale, Hindustan Unilever said its net profit soared over two-fold to Rs.1, 331.19 crore for the quarter ended June 30 this year. The company has announced a net profit of Rs 627.16 crore for the same period previous fiscal. Company’s net sales surged to [...] Continue Reading »
Bandra-Kurla Complex (BKC), that houses many corporate offices may gradually change intoa high-end residential enclave as the state government declared plans to increase the amount of residential space at this suburban commercial hub by altering a few plot reservations from commercial to residential. The transformation of BKC into a well-off residential-cum-commercial pocket-borough would mean it [...] Continue Reading »
With the rising development of industries and factories in the Tumkur Road area, the growth of residential real estate is increasing in the area. Many high rise apartments in Bangalore are coming up in the Tumkur Road area, which are surrounded by factories, five star hotels, and super specialty hospitals. The improved transportation system in [...] Continue Reading »
