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NIMMA BENGALURU, 26-Nov-2011, Surat
As per the sources available to www.propertykhazana.com, infrastructure development and realty company Atlanta Ltd a Mumbai based company has got the endorsement from the Gujarat Government to set-up the theme park in Surat which costs about Rs. 10,412 Crores (USD 2 Billion). The first stage of the venture is set to start in April 2012 and it has cleared by the GIDB and GTB and the final go will be anticipated by the state cabinet in few weeks. Atlanta is dynamically growing in the sectors like road ventures, and it talks that World’s largest theme-park operator will be the co-worker for the venture.
NIMMA BENGALURU, 26-Nov-2011, Faridabad
Realty market now touches each and every small a major cities of the nation. According to the sources of www.propertykhazana.com the realty wave is on full swing at Faridabad with many new project launches. Recently one of the leading names in realty BPTP has made their comment for a latest residential project in here in Faridabad by project Arena. The cost for various ranges of its flats will be start with Rs 2750 per square feet. Apartments are constructed with in lieu of varied spacious accommodations of 2 BHK, 3 BHK and 4 BHK (Duplex) apartments. The mega project of Park Arena is constructed at Parklands with total mass of surface area around 1415.49 acres. Later it is estimated to produce a saleable quantity of 57.99 million square feet.
NIMMA BENGALURU, 26-Nov-2011, Gurgaon
All the major cities of the country are enjoying the ride of realty market at this instance. According to the sources of www.propertykhjana.com one of the leading brands in real estate – Unitech realty firm is extending its construction canvas with the launch of a new township in Gurgaon. It is named as Crestview Apartments at the address of sector 70. It is a part of Wildflower country project will be flourishing at 100 acres of land mass. Various sizes of the apartments will range from 925 square feet to that of 1402 square feet which will be in the level of G + 13. Each floor of the tower will be accommodating four units. It will be covering area of around seven acres with a total measure 600000 square feet of marketing land for the customers.
NIMMA BENGALURU, 26-Nov-2011, Kolkata
With an average growth in the market the Kolkata realty circuit is advancing gradually to compete with the other metropolis of the country. According to the sources of www.propertykhazana.com – big boss of realty market in Kolkata has made a acquisition of RMZ Ecospace Business Park in New Town at Rajarht. The whooping deal was made at the courtesy of International property consultant Jones Lang LaSalle with Rs 300 crore. Being one of the largest deals it is expected to bring a trump change in following days of the realty business in Kolkata. The new site is adjacent to their old existing property – Ambuja realty campus. The project is almost completed apart from few modifications and decorations to the site is spread over 9 lakhs square feet of carpet area. The company will be targeting the other areas of Ecospace as of now they have only a bite of the bread.
NIMMA BENGALURU, 26-Nov-2011, Chandigarh
First in the history of realty business in Punjab there will be an official measure for all ill circumstances during property dealing. According to the sources of www.propertykhazana.com there will be an introduction some model codes to safeguard the interest of the customers. Recently there had been a lot misunderstanding, intentionally and un-intentionally during property dealing between the customers and realty agents or agencies. To over come this situation a proper code of conduct is a very essential issue for a better relationship of realty with its customers as stated by Lalit Jain – President of the confederation of Real Estate Developers’ Associations of India. He further adds that it will be strictly maintained and incase of any violation there will appropriate penalty to the either side of the business.
NIMMA BENGALURU, 26-Nov-2011, Bangalore
Proper means of transportation plays a vital role in increasing the demand for a particular location under its influence. Recently same was observed with the most awaited completion of Mysore Infrastructure corridor project also popularly termed as NICE road. It is a stretch of 41 kilo meter road connecting two neighboring areas of Tumkur and Hosur. It provided a tremendous escalation at the locality of Kanakapura Road, Magadi Road, Peenya and Mysore road. Earlier it was quite difficult to cross these areas and NICE has made a dream come true for all these regions. Interestingly the area near to all this places has very less impact of the property rise until its completion and now it is climbing the price ladder faster than a speedy panther in Bangalore realty show.
NIMMA BENGALURU, 26-Nov-2011, Chennai
Business narrows up the gap between the nations from the earlier times of the trade history. Recently it is making up with the case of India with Pakistan and Bangladesh. According to the sources through www.propertykhazana.com Indian builders are making their next movement to the cement market of neighboring countries for making the real estate comfortable for the customers. Along with the other raw materials of the construction industry – cement is making news with highest rise in its prices in a very short interval of time. The price rise is without any logic and is influenced by a lobby as stated by many builders of the major cities of the country. The current price of a cement bag shoot up to Rs 295 which was Rs 270 just a week earlier and it made many builders to hold their projects for future construction. Only those who have a commitment to their customers are buying cements from the local market despite of the high rise per bag from the Indian manufacturer.
NIMMA BENGALURU, 26-Nov-2011, Bangalore
With growing developments in infrastructural modifications around the state most focus is set on the IT hub of the country Bangalore. There is launching of projects one after the other in various segments of the city.
NIMMA BENGALURU, 26-Nov-2011, New Delhi
As per the sources available with www.propertykhazana.com, State Bank of India has decided to put an end to forestallment charges on home loans immediately and giving some help to the customers who want to foreclose their accounts. Bank was charging penalties on the home loans by the interest rates taken before May 2011 and charging 2% of huge amounts as fine if customers choose to foreclose their loans. SBI’s total outstanding home loans rose to Rs. 92,383 Crores in the end of September against Rs. 86,769 Crores in March 2011. In the meantime, some of the banks are charging up to 2% as forestallment fine on the loans outstanding if the customer clears the full payment before the maturity by going to another lender.
NIMMA BENGALURU, 26-Nov-2011, Bangalore
Tata group of ventures in hotels business – The Indian Hotels Company are leading brand in hospitality industry in India apart from its branches around the globe. According to the sources of www.propertykhazana.com the magnet of the hospitality industry confirmed on Wednesday about their Gateway sequels to touch 50 by the end of 2015. Their first motto is to put their remark on every metro of the country – Delhi, Mumbai, Kolkata, and Chennai with Bangalore. The process will be starting from early 2012 as stated by a top order executive of the company – P K Mohan Kumar. He visited Ahmedabad to announce their new brand of The Hotel Gateway Gir at the state. It will be its fourth edition next to the earlier release at Surat, Vadodara and Ahmedabad. The Company already serves with best hospitality in 21 locations and next 22 will be ready soon as many are near completion and others are at various mode of construction level.
NIMMA BENGALURU, 26-Nov-2011, Hyderabad
Source revealed at www.propertykhazana.com says, in Mumbai and in other country’s realty developers are selling the commercial realty which accommodates Offices, Retail and Hotels instead of leasing them. They are ready to sell the properties at the price which is striking by the purchasers and to get returns of the same. Chairman and Country Head Anuj Puri of Jones Lang LaSalle Meghraj said, “They are the landlords occupiers and want to take the profit of the properties on ease and wanting to purchase. The lease prices are high where it has been making softer of the auction rate and the builders need some currency to flow for them.”
NIMMA BENGALURU, 26-Nov-2011, Mumbai
As per the sources available to www.propertykhazana.com, India’s largest realty contract was taken place in Worli by National Textile Corporation Ltd (NTC) to sell Bharat Mills at Worli which was for about 8 acres and it was for the highest price of 1,505 Crores and Mumbai saw the largest realty contract in the market. Only one acre recorded 188 Crores and the utmost bidder was Indiabulls which had won with the difference of 2 Crores as Lodha had bid for 1503 Crores and the 3rd utmost bidder was Peninsula with 1409 Crores and also Tata was followed in this bid and had bided for 1263 Crores.
NIMMA BENGALURU, 26-Nov-2011, Bangalore
As per the sources available to www.propertykhazana.com, Indiabulls had grabbed the city’s largest redevelopment venture Mantralaya. Gangan Banga, representative for the Group had said that, “Mantralaya project is the costly venture in the country, it was at Rs. 344.12 Crores per acres and was the pricey per acre contract in the country and in Asia. This venture allowed us to construct a top-notch building for the state and it was the grand building of 7 star categories which changed the skyline of Mumbai.”
NIMMA BENGALURU, 26-Nov-2011, Mumbai
As per the sources with www.propertykhazana.com, Wadia had sold out its four-storey commercial building to Axis Bank at Worli for Rs. 640 Crores, making it as one of the expensive in the country. Nusli Wadia left Wadia Group and confirmed the jumbo contract with Axis Bank which was setting up to move its head office to that building. The contract made lot of interest in Mumbai’s realty market and some sources in realty rounded and had hooked the price at Rs. 900 Crores, but that was low-priced from one of the senior envoy of leading economical institution and he had said to be aware of nitty-gritty’s of the transaction and Wadia’s were engaged for the statement.
NIMMA BENGALURU, 26-Nov-2011, Mumbai
As per the sources available to www.propertykhazana.com, India’s textile chief Bombay Dyeing has build up 8 Lakhs Sq.ft of property in its extra land which is in Mumbai. Company has built a multi-storey building for commercial and for housing utilize. Chairman of Bombay Dyeing Nusli Wadia said to investors that “We are going to start the construction of a multi-storey building in two months and the whole venture will be sold out in the next 2 years.”
NIMMA BENGALURU, 26-Nov-2011, Chennai
As per the sources available to www.propertykhazana.com, realty developer Puravankara is gazing the abroad market for growth and the company’s venture is in a foreign soil for the first time in Sri Lanka. Few years back company has spend money on the land but the growth was delayed because the condition was not friendly for promoting the mega ventures. Senior officer of the company told that “Company was waiting for the right time to develop it and now that time seems to be right. The company will announce the forthcoming ventures before the end of the year. The land is situated in the way to the airport from Colombo City and it is about 25 acres of land and we have the important agreements of the place from the particular authorities.”
NIMMA BENGALURU, 26-Nov-2011, Mumbai
As per the sources available with www.propertykhazana.com, Zandu Real Estate Ltd has wedged with Mumbai Based Sheth Developers Pvt Ltd to reconstruct the Herbal Healthcare Firm. Zandu Pharmaceutical Works headquarters is in Mumbai’s Dadar area which is in 2.7 acres of commercial complex. On giving the entire to the growth contract, Zandu an Emami Group Firm has collected Rs. 70 Crores in cash from the Sheth Developers and will also collect half the urban region on completion of the venture, said R S Agarwal Joint Chairman of Emami Group.
Press Trust Of India, 26-Nov-2011, Jaipur
Jaipur, Nov 26 (PTI) Rajasthan Chief Minister Ashok Gehlot has directed the police to undertake a state-level campaign to curb fraud cases like the Rs 300 crore scam involving marketing company Gold Sukh.
Press Trust Of India, 26-Nov-2011, New Delhi
New Delhi, Nov 26 (PTI) Air India has cancelled four flights to and from London scheduled for Wednesday when a majority of public sector employees in the UK are going on a strike.
Press Trust Of India, 26-Nov-2011, Chennai
Chennai,Nov 26 (PTI) The US' policy towards India was open and unequivocal," and the former is 'betting' on New Delhi's greater role in regional and global economy for worldwide prosperity, a senior US government official has said.
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