Special economic zone
Bangalore has always been an attractive destination for occupiers, but now, with its landlocked area, competitive rentals and infrastructure initiatives, the Peripheral Business Districts (PBDs) of Outer Ring Road (ORR) and Whitefield have been performing well and garnering some serious interests. More recently, north-east and north Bangalore have also come into prominence. Good connectivity and [...] Continue Reading »
New Delhi: On a move to stimulate commercial real estate in India, the Government has done away with the mandatory requirement of 10 hectares of minimum land area for setting up an IT or ITES special economic zone (SEZ). It has set built-up area requirements to be met by SEZ developers. They now need 100,000 [...] Continue Reading »
Gujarat – Gujarat International Finance Tec-City (GIFT City), an initiative from Gujarat government, is proceeding in full swing as per schedule. It will house India’s first International Financial Services Centre (IFSC). GIFT City is being developed on Public Private Partnership (PPP) model. It is a joint venture between state-owned Gujarat Urban Development Company Ltd (GUDC) [...] Continue Reading »
Real estate in Navi Mumbai is getting affected as there has been internal fight among real estate developers, agents, owners, etc. Further, with the rising insecurities among developers, the sales are also going downtrend. One of the renowned developers is worried with the way real estate sector in Navi Mumbai is developing. The developers are [...] Continue Reading »
The newly appointed head of Tata group, Cyrus Mistry, also a real estate and construction baron plans to launch a real estate fund in Singapore. This has been planned as the group wants to unlock a closely held subsidiary’s investment in projects such as IT parks, malls and roads already built or under construction assets [...] Continue Reading »
A new residential township has been decided by industrialist Mukesh Ambani and his close aide Anand Jain to be launched in Navi Mumbai in the next four months. The township in Navi Mumbai has been planned after the state government’s recent approval of industrial policy which allows corporate firms, who had acquired land under the [...] Continue Reading »
With the announcement of new industrial policy in Maharashtra, property prices are expected to witness a downtrend in metropolitan region, especially Navi Mumbai. As per new industrial policy, corporate groups are going to use 40% of their land to build commercial shops and housing projects in Mumbai. Furthermore, houses and shops can be built on [...] Continue Reading »
Prospering real estate market of India is a great option for investment for builders and buyers too. If any prime developmental work or new project such as a tech park, an airport, a railway station, a metro work, or a special economic zone (SEZ) is upcoming in an area, then immediately the price of properties [...] Continue Reading »
Sector 22, Gurgaon residents are against laying wires in their area. The high tension wires were being installed for the upcoming special economic zone (SEZ). Worried over the ill effects of the 11 KV electric lines, the residents protested and prevented the labourers to lay the wires for safety reasons. Police had to be called [...] Continue Reading »
While homebuyers have suddenly become wary of investing in the Noida Extension-Greater Noida belt, house prices in Ghaziabad are on an upswing, with middle-income buyers looking upon the area as a ‘safe bet’. Builders say both enquiries and bookings for flats have increased since the land acquisition controversy erupted in Noida Extension. Older and more [...] Continue Reading »
