Jaipur-Ajmer Expressway – affordable option to invest in residential realty

Date : Aug 23, 2012

  Jaipur strategic location near to Delhi and Gurgaon is the key driver of city’s real estate. The city is seeing emergence of Peripheral Business Districts (PBD) such as Jaipur-Ajmer expressway which is gaining popularity among buyers, end-users and investors in recent past. The six-lane Jaipur Ajmer expressway is the fastest growing hub of Jaipur after Sikar Road and Agra Road. “The expressway is seeing growth of new residential and commercial projects in pipeline,” says Amit Rawat of Jaipur Properties. The property values have noted a 12-15 per cent escalation in past six months, however, the number of inquiries increased by up to 25 per cent during the same period. Coming of IT/ITeS industries in n

View Details

Tonk Road grows as a residential destination in Jaipur

Date : Aug 23, 2012

  Tonk Road is emerging as one of the most preferred new destinations for urban living in Jaipur. With better road, rail and air connectivity to Delhi and other places, the area is seeing massive real estate activities these days. The property values too have witnessed 10-15% increase during the past six months and are still appreciating, says Atul Jain of Global Properties. According to Kunal Malhotra from Panchsheel Coloniser Pvt Ltd, “Tonk Road is witness to rapid development and significant growth in the realty sector because it is home to Sitapura industrial area and also the fact that airport lies on this road. A lot of projects are in the pipeline here.” Tonk Road is witnessing numerous hospitalit

View Details

Jaipur property prices on the upswing

Date : Aug 23, 2012

If rising interest rates are compelling you to stall the idea of purchasing a house then think again. When it comes to buying property any time is a good time. While interest rates are cyclical, real estate prices progress in a linear fashion and always head north. The advice holds good especially for Jaipur, shows global research agency CRISIL. Its report titled ‘Real(i)ty Next: Beyond the Top 10 Cities of India’ shows that property rates in Jaipur have increased by 11-12% during the period 2009 to April 2011. But, that is not the only reason why buying property in Jaipur right now makes a sense. Jaipur also offers the best growth prospects among the 10 smaller cities studied by CRISIL Research. “Price appreci

View Details

“Indians have bought between 100 and 150 apartments since its completion in 2010,”

Date : Jul 25, 2012

  Burj Khalifa, the world’s tallest tower and perhaps the poshest address in the Gulf, is fast acquiring a distinct Indian identity. Indians now own more than a hundred of 900 apartments in Dubai’s 828-metre skyscraper, a sign of the growing financial power of the community in the West Asia. “Indians have bought between 100 and 150 apartments since its completion in 2010,” an executive of project developer Emaar Properties said on condition of anonymity. The figure reflects a growing trend among well-heeled Indians to invest in property in the West Asia, especially Dubai, the luxury hotspot where the real estate market is on a rebound after the slump in 2008. “Indians are the No

View Details

MCD demolishes portions of 30 buildings in capital

Date : Jul 24, 2012

NEW DELHI: Civic authorities today demolished portions of 30 buildings in the capital and filed a case against a builder in south Delhi during a special drive against illegal construction. The action was carried out by the Building Departments of South, East and North Delhi Municipal Corporations. The South Delhi Municipal Corporation demolished four properties — two properties in Chhatarpur and one property each in Chirag Delhi and Masjid Moth. In Chhatarpur, demolition action was taken at the buildings where the builder carried out huge unauthorised construction after tampering with the seal affixed by the Department. “An FIR has already been registered against the builder for tampering with the seal af

View Details

Contactors hike road costs after bagging orders

Date : May 4, 2012

The BMC, in three years from 2007-08 to 2009-10 , allowed contractors who recently bagged a major roads contract to increase costs in 17 major projects by an average of 51.5 per cent.  The projects, executed and tendered separately , were originally pegged at a total of Rs 292 crore, but the escalations were to the tune of Rs 150.43 crore, boosting the final project costs to Rs 442.43 crore. An 18project, for a road from Worli Sea Face to Haji Ali, was initially worth Rs 11 crore, but costs escalated by a whopping 627.3 per cent. The Rs 80-crore escalation sent the final project cost to Rs 91 crore. All the companies that executed these 18 projects are among the nine that recently bagged a major Rs 550-crore tender to

View Details

Property Awards 2011 for Commercial Excellence

Date : May 4, 2012

The second edition of the prestigious Property Awards 2011, recognising excellence in Commercial Real Estate was a grand success with participation from leading developers and other real estate professionals. The evening at Westin Hotel, Mumbai on December 13, 2011 saw developers and architects of state- of -the -art projects emerge winners.    UBM Asia’s  Executive Vice President, Michael Duck gave the welcome address which was followed by a thought provoking panel discussion on the topic, “Commercial Real Estate: The Harbinger of Economic Growth.”  The discussion emphasized the role and importance of commercial real estate in boosting the economy and how both impacted each other. 

View Details