Surat
It was impossible for Dharmang Shah who is a bank officer, to buy a house in Surat city a couple of years ago. All developers demanded had 50 percent payment in cash for Rs 55 lakh for three-bedroom flat. But now many of the developers have started to accept the whole payment in cheque. The [...] Continue Reading »
Surat real estate market is on upward direction after an 18-month lull, as lots of demands for housing projects are being witnessed at Katargam and Varachh. A famous developer has earlier got very few buyers for flats in his scheme. But now the situation is going to change as the real estate market conditions are [...] Continue Reading »
The private investment group Xander-backed Virtuous Retail Pte Ltd has appointed S Raghunandan as CEO and also appointed MN Hariharan as director of finance. Mr. Raghunandan has experience of over 30 years and joined Virtuous Retail after serving as CEO Retail of realty firm Prestige Group for the past six years. At Prestige, he handles [...] Continue Reading »
In the phase of recession in real estate sector, the surat city developers have not stopped developing new residential buildings. In this financial year the civic body approved 680 plans of new construction which is double than approved in three year ago. In the year 2010-11 Surat Municipal Corporation (SMC) Town planning (TP) department had [...] Continue Reading »
S Raghunandan has been roped as chief executive officer of Indian unit Virtuous Retail Services Pvt. Ltd, whereas the company also announced the appointment of MN Hariharan as director of finance. Early this month, VCCircle had first announced the approaching management changes at the firm. After serving as CEO Retail of realty firm Prestige Group [...] Continue Reading »
According to the property consultant, Jones Lang LaSalle (JLL), the tier -III cities have evolved as the attractive destination for retail real estate primarily due to development of infrastructure and increasing purchasing power of consumers in these markets. Cities like Ahmedabad, Chandigarh, Surat, Amritsar, Vadodara, Nagpur, Coimbatore, Lucknow, Jaipur, Ludhiana, Kanpur and Raipur are emerged [...] Continue Reading »
The IT department has turned red eye on the farmers and the real estate developers in Surat and other parts of south Gujarat region. In last two days, the department has issued notices to nearly 400 farmers and real estate developers asking them to submit issued amount on the sale of agriculture land within two [...] Continue Reading »
Surat’s real estate developers are struggling hard to find buyers from the Higher Income Group (HIG) and Higher Middle Income Group (HMIG) as the inventory pile on. The state government on the other hand is focusing on housing schemes for urban poor. Figures of Surat Builders Association (SBA) show that as many as one lakh [...] Continue Reading »
Government of Gujarat is planning to drastically change the skylines of Ahmedabad, Surat, Vadodara and Rajkot in the coming days if the it’s proposed new policy for redeveloping of old housing colonies takes off well. To be implemented under public private partnership (PPP) mode, the policy aims to solve the problems of old “unhealthy” housing [...] Continue Reading »
Surat – As the financial year is approaching, the Surat Municipal Corporation (SMC) has pulled up their socks to collect pending pending property tax. The target for SMC for current financial year is Rs 485 crore. So far the civic body has recovered tax and capital expenditure works of worth Rs 324 crore and this [...] Continue Reading »
