The price of real estate in the city, which was on a low for most of last year, has stabilised and in fact posted a bit of a rise in select locations, if recent research by real estate advisory firms are any indication. Importantly, commercial real estate including retail spaces which took a bigger hit [...]
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Pune-based Vascon Engineers is planning to commence Phase 2 of ‘Vista’, its residential project, at Indiranagar in Nashik, with Rs 25 crore investment. Besides, the company has just opened its first IT Park in Nashik, with a built-up area of 3.5 lakh sq ft. “We are planning to commence the 2nd phase of our residential project [...]
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There are often comparisons made between the infrastructure of Mumbai and Pune. The popular consensus seems to be that both cities are equally challenged as far as supportive infrastructure is concerned. This is inappropriate for two reasons – one, Mumbai’s growth pattern has been very different from Pune’s. The city has evolved into the country’s [...]
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Real estate firms in the city said on Thursday that they would not use water from Pune Municipal Corporation sources for construction purposes. A circular issued by Satish Magar, president of the confederation of real estate developers’ associations of India (Credai), Pune, said, “Our general practice is not to use the PMC water for construction. [...]
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After being launched in cities like Delhi, Bangalore and Pune, service apartments will soon be a reality in Tier II and III cities. Considering the growing number of corporate honchos visiting the tri-city, Ludhiana and Amritsar, real estate developers will soon introduce service apartments in these cities. Another reason that has evoked developers’ interest in [...]
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As the country awaits the result of the polls, everyone would be interested in knowing which party will come to power. An online real estate portal had conducted a survey to gauge beliefs of an average property seeker about the elections and their expectations from the forthcoming government. While seeking people’s choice for coalition government, [...]
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Office space rentals in India are expected to fall up to 20% in the next three quarters, with key cities like Delhi and Mumbai slated to witness a sharp decline of 50%. According to the global real estate consultant Jones Lang LaSalle (JLL), the decline in property prices in India is expected to continue through [...]
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Real estate developers across the country are planning to challenge the government’s move to dilute portions of a scheme launched in 2002 that granted 100% tax exemption for 10 years to those who built industrial parks. Firms in Chennai, Pune, Mumbai and other cities are planning to move the court in their respective cities saying that [...]
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