Supertech to raise Rs 3,000 cr via private equity this fiscal
Thu, May 17 2012

Real estate company Supertech has announced that it will raise around Rs 3,000 Cr. in the current fiscal through private equity for funding its various projects. It also revealed that it will mark its presence in the Gurgaon market with a housing project that will be developed in a joint venture with an investment of Rs 400 Cr.

DDA taking measures to repair cracks in Dwarka flats
Wed, May 16 2012

Delhi Development Authority (DDA) has been planning to to repair the cracks that have developed in several of its flats in Dwarka's sector 13. In view of the present condition of the flats, NCCBM (National Council for Cement and Building Material) has been appointed as a consultant to inspect the flats and suggest remedial measures".

Mumbai's residential mkt shows negative growth
Tue, May 15 2012

Knight Frank Prime Global Cities Index has outlined the negative growth in Mumbai's residential market. The market dipped about 9.1% during March 2011-2012, as per the index. The value of prime property in the world's key cities fell by 0.4% in the first quarter of 2012.

Godrej Properties to focus on residential space
Mon, May 14 2012

Realty major Godrej Property has been planning to continue its focus on residential space, a top company official said. "Though there is negative sentiment among buyers at present, the demand for houses will continue to grow, which is a huge opportunity for developers like us.

Most of properties under Bruhath Bangalore Mahanagara Palike have been geo-tagged
Fri, May 11 2012

A majority of 16 lakh properties under the Bruhath Bangalore Mahanagara Palike (BBMP) jurisdiction that are spread over 800 Sq Km have been geo-tagged. The exercise of geo-tagging has proved to be an effective tool for analysing and displaying thematic maps of all the roads for proper evaluation and correction of zones

Bangalore realty market attracts HNIs
Thu, May 10 2012

The residential segment in the realty market of Bangalore is emerging as an lucrative option for high net worth individuals (HNIs). A recent report by CBRE has revealed that a number of HNIs are getting attracted by the city's stable demand outlook and attractive pricing.