According to a recent report, there is a colossal demand for affordable homes. Low- Income Groups need 15 million homes that are priced below 4 to 5 lakhs which in turn would provide huge opportunity of a massive Rs. 9…
Pune: Pune Municipal Corporation (PMC) has reduced number of approved projects by giving fewer approvals in the current year as compared to the previous year’s approvals. The building permission department of the PMC has given about 550 less permissions in…
Hyderabad: Political turmoil is bad for business. It was worst for the Hyderabad realty sector. Coupled with the global meltdown, the city real estate had been having its worst time for the last few years when the chaos involving the…
Pune: According to the Environment Status Report released this week, the city of Pune has witnessed a steep hike in the number of green homes. Apart from the newer construction, existing ones are also adopting the measures to promote the…
Pune: Pimpri Chinchwad revenue department observed that about 2 lakh properties have not registered with the civic body. These unregistered properties are causing deficit of about Rs 150 crore to revenue department of Pimpri Chinchwad Municipal Corporation (PCMC).Municipal Corporation of…
Mumbai: The infrastructure development arm, Tata Realty & Infrastructure, which belongs to the Tata Group, is to sell its 780,000 sq ft IT Park in Goregaon in Mumbai. Tata Realty had acquired the park in March 2011 from Kotak Realty…
Considering the action-less economy and low investor sentiment in the real estate market, expectation of developers to lower the key rates was obvious and reasonable. However the hopes have been dashed as RBI (Reserve Bank of India) has decided to…
New Delhi: Bank of India acquires 36,000 sq ft area of office space is one of the upmarket locations in Delhi through a bidding process. According to the sources, the Bank has acquired this office space from Standard Chartered Bank…
Mumbai: Milestone capital Advisors Ltd. has announced that they will exit from its investments of Rs 700 crore made in various real estate projects. Milestone will concentrate on exits since it is trying to push its business back on the…
Mumbai: Global investors who had shifted their focus after the economic slowdown of 2008 are back with interest and investments in the Indian real estate. Global investors have raised almost Rs 11,854 crore or $2 billion in the past year…
