Category: Other Cities

JLL Report: Approx 30% of the Office buildings in the top three cities need refurbishment.

March 17, 2020

As per property consultancy JLL India, approximately 30% of office buildings in Mumbai, Delhi-NCR and Bengaluru are at least a decade old and require refurbishment that might cost over Rs 5,500 crore. The consultancy said in a report ‘Futureproofing 2.0 Upgrading commercial properties to build sustainable value’ after upgrading, rents might increase by up to […]

JLL Report: Approx 30% of the Office buildings in the top three cities need refurbishment.more

Gujarat co-operative society’s residents can now apply for redevelopment.

Residential buildings incorporated under the 1962 Gujarat Co-Operative Societies Act and intending to conduct redevelopment can now apply to the Paldi Co-operative Registrar, according to an urban development department notification. There are 6,714 housing societies established under the GCS Act of 1962 in Ahmedabad and over the last three months, several of this demonstrated an unwillingness […]

Gujarat co-operative society’s residents can now apply for redevelopment.more

Indian Railways to monetize land parcels by leasing it to e-commerce firms.

March 16, 2020

The Indian Railways plan to monetize land plots in smaller cities by leasing them for warehouse setup to e-commerce companies. The Rail Land Development Authority, the statutory authority under the Ministry of Railways, said it was in talks with the largest online store in the country, the Flipkart, and that the interest will soon be […]

Indian Railways to monetize land parcels by leasing it to e-commerce firms.more

Top 5 property apps to consider while hunting a house.

March 14, 2020

Looking for a house, whether to rent or buy a house, is now a day a very tough task, particularly in metropolitan cities. It’s just a time-taking job to go out to search for one. But such tasks can be accomplished easily with the aid of websites or apps that enable people to look for […]

Top 5 property apps to consider while hunting a house.more

Lodha Ventures backs MultiLiving startup by investing Rs. 45crore.

March 13, 2020

Lodha Ventures, the investment arm of Mumbai-based property developer Mangal Prabhat Lodha family, has invested Rs 45 crore in MultiLiving, a luxury service apartment startup. MultiLiving provides a network of luxury designed residences for urban professionals. The property business operates in Lower Parel, Powai, BKC, Kanjurmarg, and Vikhroli at the moment in Mumbai. “MultiLiving is […]

Lodha Ventures backs MultiLiving startup by investing Rs. 45crore.more

Telangana High Court takes strict action against illegal constructions.

March 12, 2020

On 11 March, the Telangana High Court sent a strong note that those who hide behind stay orders received from courts to secure their unlawful systems are no longer safe. The High Court also demanded that Lokesh Kumar, Commissioner of the GHMC, provide information of all cases pending with the High Court and civil courts […]

Telangana High Court takes strict action against illegal constructions.more

SBI announces MCLR deduction by 15 bps across various tenors.

March 11, 2020

On Wednesday, the nation’s largest lender State Bank of India (SBI), said that its marginal cost of fund-based lending rate (MCLR) has been reduced by up to 15 basis points across different tenors, effective March 10. The Bank’s one-year MCLR decreased from 7.85 per cent earlier by 10 basis points to 7.75%, said the SBI. […]

SBI announces MCLR deduction by 15 bps across various tenors.more

Gujarat RERA receives notice from the High Court for dismissal of a builder case.

March 9, 2020

On 3 March Gujarat High Court issued a notice to the Gujarat Real Estate Regulatory Authority (RERA) seeking a response to the plea for dismissal on the day of the adjournment of the complaint. The RERA dismissed the argument after the declaration of an adjournment in a case, on the grounds that the party did […]

Gujarat RERA receives notice from the High Court for dismissal of a builder case.more

Karnataka state minister announces a reduction on stamp duty by 3%.

March 7, 2020

Stamp duty on new apartments or flats with costs below Rs 20 lakh would be lowered to 2% from 5%, as of April 1, to encourage affordable housing, as announced by the state Chief Minister B.S. Yediyurappa on March 5. “I propose that the stamp duty on the first time registration of new flats or […]

Karnataka state minister announces a reduction on stamp duty by 3%.more

Reliance Infrastructure to rent out its 6.95 lakh sqft Mumbai office space to an Educational Institute.

February 29, 2020

Reliance Anil Dhirubhai Ambani Group (ADAG) is in discussion to rent a portion of Whittle school and Studios, the educational institution located in Washington DC, from its subsidiary’s Santacruz headquarter, Reliance Infrastructure Limited (R-Infra). ADAG Chairman Anil Ambani told the UK court earlier this month that his net worth was zero and that he was […]

Reliance Infrastructure to rent out its 6.95 lakh sqft Mumbai office space to an Educational Institute.more

Category: Other Cities

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