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12 Noida commercial plots to be auctioned

12 Noida commercial plots to be auctioned

NOIDA: The Noida Authority on Friday announced the auction of a few commercial plots ranging from 6,046 square metres to 64,500sqm in different sectors on a 90-year lease. The bidding for these plots will begin at Rs 96.13 crore for the 6,046sqm plot, while the one for 64,500 sq m will begin at Rs 1,025 crore. The bids will be finalized on July 11, 2017....

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Hyderabad to see 16 million sq ft office space addition in 3 years

Hyderabad to see 16 million sq ft office space addition in 3 years

HYDERABABD : Enthused by the entry of technology majors such as Google and Apple, the demand for commercial office space in Hyderabad is expected to remain strong and could see upward momentum in 2016-17 boosting the number of leasing transactions Hyderabad is expected to see addition of nearly 16 million square feet of new office supply over the next three years, mostly in the suburban...

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Gurgaon circle rates cut by 15% to boost realty

Gurgaon circle rates cut by 15% to boost realty

#GURGAON: Circle rates have been slashed by 15% in Gurgaon effective Tuesday, a move that is expected to provide much-needed boost to the sluggish real estate market. This is the first time that circle rates have been slashed in the corporate hub. In the previous two financial years, circle rates were left unchanged but it failed to lift buyer sentiment. TOI was the first to...

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Karnataka to set up 500-acre exclusive township for Japanese firms

Karnataka to set up 500-acre exclusive township for Japanese firms

BENGALURU: Karnataka will develop an exclusive Japanese International Township (JIT) in a 500-acre plot in Tumakuru district, which is about an hour’s drive from #Bengaluru. The township will come up at Vasantha Narasapur, and it will host only Japanese firms, Chief Minister Siddaramaiah said here on Thursday after opening the new engine unit of the Toyota Industries Engine India at Jigani on the city outskirts....

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Demand for Budget Aprt in  Kochi after Recession in Gulf

Demand for Budget Aprt in Kochi after Recession in Gulf

KOCHI: The economic slowdown in the Middle East and uncertainties faced by the Malayali diaspora have led to an increase in demand for budget homes. The non-residential Keralite (NRK) and Gulf returnees are now more cautious about their investments, which has created a dent in the demand for premium and luxury segments in the city. City-based builders and architects said there were more takers for...

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Noida to have another film city

Noida to have another film city

Noida’s Film City in Sector 16 might soon have a competitor. If all goes according to plan, a Mumbai-based company will begin work on a new film city along the Yamuna Expressway. If that happens, Noida will be home to two film cities. Arun Vir Singh, CEO, YEIDA (Yamuna Expressway Industrial Development Authority), says, “A company has proposed a project to establish a film city...

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REITs: SEBI allows more investment in under-construction projects

REITs: SEBI allows more investment in under-construction projects

MUMBAI: The Securities and Exchange Board of India (Sebi) has relaxed rules on Real Estate Investment Trusts (REITs) by allowing them to invest more in under-construction projects, rationalized unit holder consent on related party transactions and removed restrictions on special purpose vehicle (SPV) to invest in other SPVs holding the assets. The Sebi board has also approved changes to portfolio manager regulations to allow a...

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Indian real estate will bullish by Japanese, Chinese realtors

Indian real estate will bullish by Japanese, Chinese realtors

With the allowing of 100 per cent foreign direct investment (FDI) into the real estate industry and India’s rising stature amongst the global investment community, the country has become a hot favorite for developers from Japan and China. Among the noted deals, Dalian Wanda Group, one of China’s most prominent developers signed a memorandum of understanding (MoU) earlier this year with the Haryana government to...

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