Browsing: Chennai Real Estate

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Casa Grande launches ‘Cherry Pick’

Track2Realty: Casa Grande, Chennai-based villa developer has launched Casa Grande ‘Cherry Pick’. Offering lifestyle apartments with more than 40 amenities the property is located at Perumbakkam, 10 minutes from Sholinganalur.

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West Bengal offers big sops to real estate projects

Track2Realty-Agencies: In a boost to realty-related investment in the state, West Bengal Government has decided to grant an exemption under section 14Y of the West Bengal Land Reforms Act for township projects enabling them to acquire land more than the ceiling limit of 24 acres.

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Kolkata’s office market witnesses low demand in Q1 2014; transactions likely to improve in the medium term

Track2Realty: Demand for investment-grade office space across leading cities in India slowed down in the first quarter of 2014, with around 6.3 million sq. ft. of Grade A office space getting absorbed The market saw slow transaction activity and a low level of new completions in the first quarter; and leading cities continued to experience caution from corporate occupiers in the first three months of the year.

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Regulator needs to regulate all stake holders

Sunil Dahiya: When the meltdown of 2008 and the aftereffects of 2009 rolled in, see the amount of letters sent by developers to the customers and the customer calling back and telling that ‘sorry boss, I am on the verge of losing my job, I don’t have the money’. Not a single developer went to any court or had any power in this judicial system to recover any payment from the consumer, there is no law.

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ICS Realty to turn into full time developer

ICS Realty India, the Mumbai-based retail asset management firm has announced to develop projects on its own. The company has hitherto raised and managed funds for other developers. It is also floating a joint venture firm for its hospitality foray in two week’s time.

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Not just Gulf money driving Kochi realty market

A city with almost every household having one family member working in the Gulf, Kochi or Cochin’s resident population is waking up to new business avenues. This transition is also leading to a growing demand for commercial and residential property.

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Polls prop up realty market in Kolkata, Chennai

Even as global economic slowdown and uncertainty in financial markets have battered the real estate industry countrywide, properties in Kolkata and Chennai bucked the trend with steady demand in affordable and mid-segment housing.

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