They are cashing in on new IT hubs, a richer local population and increased tourism.
Inaugurating the 12th edition of the Credai’s FAIRPRO 2019 at Chennai Trade Centre, in Nandambakkam, Panneerselvam said the new housing facility will help the poor people in urban areas.
The action was taken on the direction of Supreme Court-appointed monitoring committee looking at land-use violations.
The applicants who missed out last October’s draw participated in large numbers for the 1,100 homes. An overwhelming 57,700 valid applications were received.
The challenge intends to identify and pilot “proven demonstrable technologies” from across the world.
While about 50 families arranged temporary accommodation, around 70 families said they had no choice but to live in the building compound
After conducting an inspection of several hotels and restaurants in the city, the department has slapped notices to 20 hotels and restaurants for violation of fire safety norms.
The report, prepared by the fire department following an inspection, has been sent to Ghaziabad Development Authority (GDA) for action, officials said on Thursday.
The drive led to over 200% jump in tax collection of the VMC in past two-three months.
Out of the total, 33,300 sq ft will be for the office space while rest will be used as showroom and brand store. The office will be ready in the next two months.
Brigade Enterprises has chalked out plans to launch another 8.2 million sq. ft of office and retail space in cities such as Bengaluru and Chennai over the next three years. It already has a partnership with Singapore-based private equity firm, GIC Singapore.
Buyers claimed that most apartments which have been given completion certificates may still lack basic fire control equipment.
In Sushant Lok 1 too, residents expressed similar sentiments. “We just hope that all hurdles are removed and MCG starts work immediately. There are no good roads or functional lights here. The sewer lines are overflowing,” said Neelu Sharma, a resident.
The land and the buildings have been in the possession of the tenants for years, and the repeated attempts of the owners to get them out of these places have turned out to be futile.
With the tenants refusing to pay rent citing losses or inability to breakeven, the owners are left helpless, contemplating fighting tiresome legal battles.
While the estimated growth in office rental values in Bengaluru by end of 2019 is expected to be 6.6% over 2018, New Delhi is expected to see a rise of 6.5% in prime rental values in 2019.
President of Mangalapuram Panchayath Vengode Madhu inaugurated the first phase of distribution of the bricks here on Tuesday.
The residential sales was recorded at 69,886 units in Q3 of FY19 as compared to the same period last year, mainly driven by affordable housing segments, said a recent report by Liases Foras report.
From rooftop restaurants to bars in the basement, most of the owners have constructed wooden flooring and fibre glass ceilings to compete with each other.
IHG, which has been pressured by competition from online rental services like Airbnb, has looked to re-focus on competing with the sprawling luxury portfolios run by Marriott and Hilton.
Leelaventure did not respond to an email seeking comments till going to press, while Brookfield declined to comment.
Overall in 2018, Delhi’s office market recorded gross absorption of 770,000 sq ft while Gurugram witnessed gross absorption of 5.4 million sq ft. NOIDA’s office market witnessed record leasing activity in 2018 at 3.9 million sq ft.
Now, the current officials have made it mandatory for the developer, KSL and Industries Limited, to get the user changed from industrial to residential and commercial.
The proposed leasable or saleable development will be double the size of the commercial office space in Mumbai’s Bandra Kurla Complex (BKC), estimated at 15 million sqft currently.
The firm had earlier leased 1.9 lakh sq ft of standalone building owned by the Enam Securities Group in Mumbai’s business district Bandra-Kurla Complex.
The REIT, registered in 2017 as Embassy Office Parks, is sponsored by Blackstone and Bengaluru-based realty developer Embassy Property Developments.
JICA has approved Rs 20,196 crore to build the priority corridor of 52.01km from Madhavaram to Sholinganallur, and Madhavaram to CMBT.
Tax benefits and incentives for affordable housing could help sector in the long run, but clarity on GST and a solution to the NBFC liquidity crunch are crucial too, say experts.
The UB space is a premium office building in Bangaluru and the spirits maker is selling the real estate it received as part of a settlement with the UB Group in 2016 to unlock its value.
With these new leases, Smartworks’ total footprint in India has touched two million sq ft with total investment of $30 million so far.
In South Africa, WeWork will sign a revenue-sharing lease with Redefine, which broadly means the rent would depend on the revenue it generates from subletting the space
As the average Mumbai flat gets smaller, the number of rooms has grown, and layouts have changed to shrink the kitchen, expand the living room. A look at the factors at play.
Oyo, flush with funds, has been scouting for deals in the co-working segment for a while, at the behest of SoftBank, the people said.
The city will come up on the banks of Kundlik river in four talukas over 19,147 hectares area.
According to real estate experts, the metro line is a boon for new residential sectors of Noida — sectors 137, 142, 143, 144 on one side of the road, and sectors 168 and 150 on the other side.
According to Anarock Property Consultants, around of 39 mn sq. ft. retail spaces coming up between 2019-2022, 71% in metros & Tier 1 & 29% in Tier 2 & 3 cities.
Shared kitchens, collaborative food courts — new formats are emerging for real-estate in the food and beverages sector.
The project involves 150-key luxury resorts and 40 branded villas to be located along Lake Pawana. Kakade Group has already signed a contract with Indian Hotels Company to manage the luxury resort.
The PMRDA has acquired 24% of the land — in Kadambavasti, Wagholi and Vadachiwadi — for the stretch.
Aviation sources said the new deadline too would be impossible to meet. Tenders for construction of the airport haven’t been awarded yet. Also, land for construction of airport hasn’t been entirely procured.
Preliminary work to build the corridor from Lighthouse to CMBT, covering around 17km, has begun.
The proposed acquisition, making residents and property owners run from pillar to post, is for one of the three corridors planned.
The aim is to build their brands, create a community of residents and potential buyers.
According to divisional commissioner Anita Meshram, the administration had sent its report on the land to the state government under Section 19 of Land Acquisition Act. The acquisition will start once the notification is issued.
MahaMetro managing director Brijesh Dixit said that the detailed project report (DPR) will go to union ministry of housing and urban affairs (MoHUA) and other concerned ministries
The 23-km stretch will have 21 stations and the maximum fare will be Rs 60.
Payoffs include lower operational and construction costs.
“The mall’s annual property tax bill is in the range of Rs5-6 crore. It has dues pending since 2011. The mall owner paid Rs7 crore, but Rs31 crore dues is pending,” a PCB official said.
Among the major metros, both Bengaluru and NCR are expected to see seven operational malls in each city, followed by five in Hyderabad, three in MMR and one in Chennai, said the data.
Insight Mall Developers now a step-down subsidiary of Phoenix Mills
Sops such as lower interest rates on loans and minimal downpayments are seeing more homes bought in the woman’s name.
As entrepreneurship catches on, factors like availability of land and low-cost lease rates are contributing to the growth of this realty segment.
The debt was raised 1.5 years back and was used for the construction of Gaur City Mall in Greater Noida West, the company said.
The report also highlighted the limited availability of space in operational well-performing malls coupled with an upward pressure on real estate costs in these centers, as a concern for brands looking to enter the Indian market.
Higher incomes, entrepreneurial opportunities and easy access to information are factors helping guide their decision.
It’s not all smooth sailing when it comes to home automation. See how developers are tackling issues such as slow network speeds, backup and maintenance.
The company is eyeing acquisition opportunities judiciously in key property markets across India to support its targeted growth, said a top company official.
About 60 per cent of the company's revenue comes from Indian projects while the rest is generated from Middle East and Nigeria.
IKEA had signed an MoU with the Samajwadi Party government in 2015 to set up a store each in Lucknow, Agra and Noida with an investment of approximately Rs 500 crore in each.
The company’s consolidated net profit for the half year ended in September rose 45% to Rs 121.8 crore, up 45% from a year ago. Revenue for the first half of the financial year rose 7% to Rs 817.9 crore.