Punjab Government Announces New Real Estate Policy by December; Focuses on Infrastructure and Power Sufficiency
Hyderabad real estate anticipates increased demand for transit-oriented residential units due to the proposed Metro Rail project, impacting property prices and development.
India's real estate growth sparks concerns over rising energy consumption, with buildings accounting for 32% of total electricity usage, prompting calls for better implementation of Energy Conservation Building Code
Bangalore real estate sees continued price increases due to IT boom, BPO sector, infrastructure, and migration. Experts advise buyers to wait for prices to stabilize.
Cognizant boosts India real estate investment to $700 million, expanding campuses by 10.5 million sq ft by 2015.
Bangalore transformed from a seasonal racing town to a year-round economic hub after becoming the capital of the Kannada state. It faces infrastructure strains due to rapid growth.
Real estate prices in Coimbatore have increased 25-30% due to rising land, material, and labor costs, impacting affordability and the middle-income segment. Developers emphasize the need for infrastructure development to mirror Chennai's growth.
Despite price rises of up to 166% in some Indian cities, NRI investment in real estate remains strong, driven by desire for a second home and favorable government policies.
The recent budget allows external borrowing for low-cost housing, improving funding availability, but still falls short of the real estate sector's wider expectations.
Government initiatives, including ECBs for low-cost housing and interest subventions, are poised to boost affordable housing in Mumbai's outskirts, enhancing long-term price stability.
Land buyers in Noida Extension face continuing difficulties after a court decision quashed the acquisition of land, affecting thousands and halting crucial infrastructure development.
India is gearing up to host its first Formula One Grand Prix, spearheaded by Jaiprakash Gaur, founder of Jaypee Group. The race will be held at a new "sports city" being developed near New Delhi.
DDA awards Delhi's 1st slum redevelopment project to Raheja Developers, worth Rs 500 crore, aiming to improve living conditions for urban poor and generating substantial business for builders.
Madhucon Projects Ltd secures $3.9M order for a road project in Nepal and plans thermal power project expansion.
Lodha Developers Ltd. named among India's top ten builders by Construction World survey
GMADA's land pooling scheme offers farmers 50% of developed land as residential, commercial, or institutional plots for projects like the airport road and Mullanpur Urban Estate.
Andhra Pradesh plans to generate ₹3,000 crore from land sales, driven by signs of economic recovery. The proposal involves the APIIC and HMDA.
The Planning Commission plans to introduce new schemes for real estate in its mid-term appraisal, aiming to prioritize affordable housing amidst sector challenges.
Assocham Urges Govt to Establish Rs.1 Trillion Revolving Fund for Infrastructure Firms Amid Global Meltdown
Andhra Pradesh government allocates Rs 121 crore to Maytas Infra for a road project, raising concerns due to the recent failed Satyam bid to acquire a stake in the company.
Pune to become India's next metropolitan city, surpassing Ahmedabad, Lucknow, and Chandigarh in development pace, infrastructure, and real estate prices.
Office rental prices in key cities like NCR, Mumbai, and Bangalore are expected to remain stable despite increased supply, according to a recent CBRE report.
Merrill Lynch Capital Markets increases its stake in Ansal Properties to nearly 6% by acquiring 1.03% through the secondary market, amid significant investment plans.
MMRDA offers two large plots in Wadala, Mumbai for 80-year lease. One plot is for a commercial complex and the other for a multiplex, aiming to attract major developers and financial institutions.
GA Builders, part of RNA Corp Group, is redeveloping Subhash Nagar Colony in Chembur, Mumbai, providing new homes for over 1950 families with extensive amenities.