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Bangalore : Reduction in Stamp Duty to benefit buyers
For those looking at purchasing property, the decrease in stamp duty is a boon There was a fall in property transactions in 2009 -10 despite the decrease in stamp duty from 7.5 per cent to 6 per cent. With the real estate sector gradually becoming active once again, the decrease in stamp duty in [...]
Continue reading...Bigger burden for developers
8. March 2010
To Pay For Infrastructure Projects In Residential, Industrial Layouts Even as the real estate sector recovers from the economic slowdown, land developers should brace to pay improvement expenses for residential and industrial layouts developed on single unit property. These include expenses incurred directly or indirectly on laying roads, drains, flyovers, providing water supply and street lighting [...]
Continue reading...Realty experts are hot property
1. March 2010
FOR EVERY CONSULTATION, PAY IS BETWEEN $300-$500 PER HOUR Bangalore: Real estate consultants and experts in India have become hot property for overseas buyers. Fund houses, private equity firms, venture capitalists, bankers, institutional investors, companies, high networth individuals, nonresident Indians, indeed just about every potential property buyer, are dialing local real estate experts in order to get [...]
Continue reading...New Chennai-B’lore road to cut 100 kms
15. February 2010
The traveling time between Chennai and Bangalore by road could get shorter with the governments of Tamil Nadu and Karnataka evaluating possibilities of reducing distance between the two cities to about 250km from the present 350km, with plans also afoot to promote this route as an industrial and manufacturing hub. A pre-feasibility study has already [...]
Continue reading...More cities to log in to e-stamping
10. February 2010
Success Of Pilot Project In Bangalore Spurs Move Bangalore: The government is hurrying up the expansion of e-stamping across the state. What has spurred it is the success of the pilot project in Bangalore. Another reason is banks’ refusal to continue to sell stamp papers due to shortage of staff. After the stamp paper scam rocked [...]
Continue reading...Unity Infra to Develop Housing Projects in Kolkata and Bangalore
25. January 2010
Construction firm Unity Infra projects today said it will develop two mixed-use housing projects aimed at middle-to-high income segments in Kolkata and Bangalore with an investment of around Rs 500 crore. “We have already acquired 37 acres of land in these two cities. Work on the projects will kick off next quarter,” company Chief Operating [...]
Continue reading...DLF nixes mall plans, offloads Bangalore property
22. January 2010
DLF has sold its 15-acre property in a posh Bangalore suburb after plunging footfalls and poor margins nixed the company’s plans for a large-scale mall in the locality. The firm sold the land in Whitefield, to NetApp India for Rs 120 crore. “The firm has decided not to go ahead with the mall project. It had earlier [...]
Continue reading...Mallya’s latest offering to give Bangalore a shot at luxe living
15. January 2010
Mallya, in association with Prestige Estates Projects Pvt. Ltd, is developing K2, a luxury apartment block in central Bangalore that will stand where his ancestral bungalow now does One of his businesses gives people highs of one kind, and another takes them to highs of another kind. Now, billionaire Vijay Mallya, known as much for his [...]
Continue reading...Brasilia model for land records
12. January 2010
It Is Urban Bhoomi Project With More Improvization: Karunakara Reddy Bangalore: After the Bhoomi project, here’s another ambitious undertaking for land reforms in the state. By August 2010, five cities of Karnataka (Bellary, Hubli-Dharwad, Mangalore, Mysore and Shimoga) will be equipped to follow the Brasilia way, with an authentic land record of all its properties, [...]
Continue reading...1-BHK, studio flats are selling like hot cakes
1. January 2010
Bangalore: Festive cheer seems to be ringing in the realty mart. A number of developers who launched projects in late November have already closed their shutters on buyers, as demand has outdone supply. Selling like hot cakes are the 1-BHK (bedroom, hall, kitchen) and studio apartments in the price bracket of Rs 8.58 lakh to Rs [...]
Continue reading...Affordable housing around satellite towns
18. December 2009
Apartments and sites in the Rs 15-35 lakh price range are mushrooming around satellite towns. Sai Prasanna elaborates Satellite towns started gaining prominence with rapid residential development in the city and increased congestion. Sandeep Trivedi, Director (Development Consulting), Cushman & Wakefield, says, “The concept of a satellite town encourages the walk-to-work culture. Since there are [...]
Continue reading...Realty is a global business now
18. December 2009
The Bangalore Realtors’ Association of India (BRAI) has tied up with the National Property Federation, France (FNAIM). This alliance makes it possible for local realtors to transact in property with their counterparts in France. Farook Mahmood, President, BRAI, explains what this means to the realty sector, in this chat with B S Manu Rao What [...]
Continue reading...TRACKING THE METRO RAIL BANGALORE
15. December 2009
MG Road-Byappanahalli Stretch On Schedule, Work On Other Reaches, Underground, Stations At Various Stages Scorching heat, biting cold, screeching traffic on M G Road and congested stretches of Old Madras Road. Through it all, Bangalore Metro work progresses in full swing within the green barricades fitted with bulbs all along its 43.5-km stretch across [...]
Continue reading...You can register complaints with BBMP online now
4. December 2009
The BWSSB and BBMP have systems in place to address grievances in a day To make it easier for citizens to lodge complaints and for more efficient and transparent redressal, the Bruhat Bangalore Mahanagara Palike (BBMP) has launched its new website Spandana (www.spandana.kar.nic.in). All complaints can be filed, from tree fall, health, revenue, to civic infrastructure [...]
Continue reading...Infrastructure projects spur realty in city
4. December 2009
Connectivity has always been a prime driver of real estate investments. A series of road improvement and infrastructure projects all over Bangalore both, completed and on the cards, are spurring property development. North According to H Siddaiah, Commissioner, Bangalore Development Authority (BDA), making the 31-km Outer Ring Road (ORR) stretch connecting south-east Bangalore to the international airport [...]
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- India among world’s top 3 preferred investment destination
- NOIDA, Greater Noida Flat Booking : but a little cautious
- Delhi : 1000 unauthorized colonies will be regularized soon
- 275-metre ritzy tower to come up in Prabhadevi
- DLF changes tack in city realty market
- MMRDA clears land for 50,000 rental flats
- Gudi Padwa fails to bring cheer to realty market
- Noida Extension is all set to become Delhi NCR’s next budget housing hub
- Ghaziabad : Residents get raw deal from builders , They allege many promises unfulfilled
- Technopark ties up with group of banks for funding
12. March 2010
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