Surat
Surat- As we know that developers are keen in developing affordable housing projects in Gujarat. This is all due to industrial progress of the state which majorly includes Surat city. Many places of Gujarat like Ahmedabad, Surat and Vadodara witnessed major real estate growth. On one hand, the prices of commercial space in metro increased [...] Continue Reading »
Surat- The Income Tax department wing of Surat conducted a raid on six renowned real estate developers and two civil advocates in the city. The department recovered assets worth Rs 92 crore in the search. The income tax sleuths have recovered Rs 8 lakh in cash and Rs 45 lakh worth of jewellery from bank [...] Continue Reading »
Surat- The city’s realty sector has witnessed slow and steady progress in the year 2012. Many residential projects were launched in the city. In the year 2012, the capital value of residential projects noted an average escalation of 10-12 percent across the city. This news was confirmed by National Housing Bank (NHB) when they realised the residex [...] Continue Reading »
Ahmedabad- Amplus Realty Fund has announced its first investment of Rs 30 crore in a residential project by Assetz Homes in Bangalore. In the next three years, it expects to get 25 percent returns on this investment. The joint venture aims at developing a mid and high-end residential project in Rajajinagar, Bangalore by 2015. Amplus [...] Continue Reading »
The first Muslim property show which was held in Ahmedabad, kicked off with great revelry as there were about 20,000 visitors especially from the minority community. Since this event was a hit, the organisers are encouraged to hole another such property show based on the communities in places like Rajkot, Surat, Palampur and others. They believe that [...] Continue Reading »
Rupees 38 crore unaccounted money has been seized by the income tax department during raids at the residential and office premises of real estate developers in Surat. According to sources, two real estate groups had disclosed unaccounted income worth Rs 27 crore and another leading realtor has disclosed Rs 11 crore. The search and seizure [...] Continue Reading »
US-based American Real Estate plans to open three multi- specialty hospitals and small clinics in Maharashtra, Gujarat and Madhya Pradesh. The real estate firm is looking to set up 500 bed hospitals each in Gujarat, Maharashtra and Madhya Pradesh. The firm has already identified land near Surat in Gujarat and Indore in Madhya Pradesh for [...] Continue Reading »
Virtuous Retail (VR), a retail real estate company sponsored by global investment firm, The Xander Group Inc., is developing a pan-India portfolio of retail, lifestyle and community centers. VR is currently building eight large format retail shopping centers in city center locations across India. Majority of these are expected to be operational by 2015. Virtuous Retail’s [...] Continue Reading »
Surat may become the first city in India to make solar water heating mandatory in all buildings – residential and commercial. Union urban development ministry had made it mandatory that civic bodies of all 58 cities identified to be made “solar cities” change their construction bylaws. The order was out to make solar energy compulsory for [...] Continue Reading »
Gujarat is seeing rapid growth and transition in the real estate sector, which is being reflected in real estate growth in cities like Ahmedabad, Surat and Rajkot. Rajkot is witnessing growth in realty market and the residential values have been going up consistently. There has been a rise of 8-10 per cent in residential values [...] Continue Reading »
