The Rs1,200 crore project, India’s most expensive residential address, has been bogged down by legal issues over the dangers its construction posed to the stability of Cumballa hill, on which it was being built Eight years after construction began at the Imperial twin towers project in Mumbai, its developers have finally received the mandatory occupancy certificate [...]
Continue reading...Saturday, March 6, 2010
Large building complexes like offices, housing apartments, malls, multiplexes, which have changed the urbanscape, do not have any mandatory inspections to ensure that building plans and fire safety norms are in place The avoidable tragedy at Carlton Towers in Bangalore on February 23 has once again highlighted the sheer apathy of agencies that look after the [...]
Continue reading...Thursday, February 25, 2010
Delhi-based DLF, India’s largest real estate company by revenue, today stated that it has sold more than 1,200 units of the Panchkula Valley project in less than a week of opening sales. As against the 500 apartments of various sizes with independent floors announced under the first phase of the project, more than 1,200 bookings have [...]
Continue reading...Saturday, January 30, 2010
Sectors along the Noida-Greater Noida Expressway are witnessing healthy absorption trends, thanks to projects that promise world-class construction and facilities If you cruise along the Noida-Greater Noida Expressway, what strikes the eye is the frenetic construction activity that is currently on in the new sectors such as 93, 128, 134, 151. Some projects have also been [...]
Continue reading...Friday, December 18, 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...Wednesday, December 16, 2009
Buying house, one of biggest financial commitments Buying a house is one of the biggest financial commitments today. Many developers offer to sell apartments during the construction phase. Buyers are tempted because of the discount to current market price and the attractiveness of the show flats on display. But remember, there is a trade-off. While you get [...]
Continue reading...Saturday, November 28, 2009
With correction in prices, corporate houses are increasingly going for negotiations with developers to buy apartments on a large scale, writes Prabhakar Sinha After a sharp slump during October 2008-March 2009, real estate sector has witnessed a strong recovery. Of course, the turnaround is on the back of correction in realty prices coupled with the reduction [...]
Continue reading...Monday, October 12, 2009
Prajay Engineers Syndicate Limited (PESL), a Hyderabad-based construction and hospitality company, launched Water Front – a gated community of 500 flats and 550 independent houses and villas – at Shamirpet on the city outskirts on Sunday. “Phase-I of the project, being developed on 72 acre with an outlay of Rs 285 crore, will be completed in [...]
Continue reading...Saturday, September 26, 2009
New Law Coming To Rein In Unscrupulous Builders The aam aadmi looking to own a piece of real estate might be able to breathe easier. The possibility of being hoodwinked by a smooth-talking builder or salesman might be reduced sharply as developers will soon be required to post project details, including civic clearances, on the [...]
Continue reading...Thursday, September 24, 2009
Tata Housing Development Company, today announced the launch of ‘New Haven’, an initiative in the affordable housing segment. The flagship project of New Haven will be launched at Boisar in Mumbai and will offer 1,300 apartments including 2 BHK and 3 BHK homes starting at Rs 12.73 lakh, with a minimum size of 670 square feet, [...]
Continue reading...Saturday, August 8, 2009
Constituted under the UP Industrial Area Development Act, 1976, Noida has now emerged as a planned, integrated and modern industrial city, well connected to Delhi through a network of roads, national highways and the ultra-modern DND flyover, offering inter-road linkages to all parts of the country. The city is offering a number of buying options [...]
Continue reading...Friday, March 20, 2009
With the IT boom and the need for residential options, apartment complexes began mushrooming in the metros. They became the relatively more affordable option as opposed to having an independent house. Greater development of commercial and residential spaces in the city made developers look for large land parcels in the suburbs and peripheral areas. Since [...]
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Thursday, March 11, 2010
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