Surat
The developers in Surat have adhered to the regulations passed by the Union environment ministry. However to Surat Municipal Corporation (SMC) dismay that many have been found not to have neither applied for the No Objection Certificate (NOC) nor have fulfilled the provisions of green open area in their projects, reported saying Anil Pate the head of Surat [...] Continue Reading »
Gujarat Urja Vikas Nigam Ltd and Torrent Power, two of state owned distribution firms had filed petitions for power tariff hike which caters to Ahmedabad, Gandhinagar and Surat cities. The Gujarat Electricity Regulatory Commission (GERC) has accepted the petition and consumers might have to shell out an additional 2 per cent to 5 per cent [...] Continue Reading »
Demand for property in major cities across the country have dipped and sharp increase in borrowing costs had kept buyers on the sidelines. Banks have raised their lending rates sharply in the past few months after Reserve Bank of India (RBI) raised interest rates 11 times since March 2010. Bhopal leads the pack in rise [...] Continue Reading »
Today real-estate projects in Gujarat have the highest quantum of super-built-up-area (SBUA) in the country, even more than some of the Tier-I cities like Delhi, Kolkata and Bangalore. Developers in the state employ the maximum SBUA, which stands at 50% of the carpet area (defined as the actual area the buyer uses) of both residential [...] Continue Reading »
According to a research report by Crisil Research, large builders like DLF, Unitech, Parsvnath, Omaxe, Ansals and Emaar MGF have already diversified into smaller cities of the country. The cities like Bhopal, Bhubaneswar, Coimbatore, Indore, Jaipur, Lucknow, Nagpur, Surat, Vadodara and Visakhapatnam are expected to add 354 million sq ft of residential development in the [...] Continue Reading »
