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November 2008 - Posts

With falling Property Rates-Buyer is King Again!

In a discount sale, you can pick up a readymade garment at 40% of its original price. It’s how manufacturers attract buyers to get rid of unsold stock in the off season. But the slowdown in the property market is forcing real estate developers to Read More...
Posted Saturday, November 29, 2008 8:04 PM by Farooq M | 5 Comments

Major Hospitality Projects in Bangalore on Hold

Until recently, Bangalore used to boast of the highest average room rates among hotels in India but now the heydays of the tourism and hospitality sector are over. Most of the hotel projects announced two years ago have not taken off yet. Here is a verbatim Read More...
Posted Wednesday, November 26, 2008 6:46 PM by Farooq M | 0 Comments

Namma Bangalore Metro rail tunnel work starts in April

The Bangalore Metro Rail Corporation Limited (BMRCL) has taken yet another step towards realising the metro rail project by commencing the tendering work for the 9-km stretch of underground tunnel of the proposed project. The work, estimated to cost about Read More...
Posted Wednesday, November 26, 2008 6:13 PM by Farooq M | 1 Comments

BBMP Property Tax Rules 2008-Self Assessment Scheme Approved

The state government has approved the draft rule for property tax under the Self Assessment Scheme (SAS) proposed by the BBMP. The BBMP has called for suggestions and objections from the public within 15 days, after which it will start collecting the Read More...
Posted Thursday, November 20, 2008 5:15 PM by Farooq M | 16 Comments

India Property Prices and Rentals may fall upto 30% says Report

Property prices and rents in India may be poised for a ``major correction'' as supply of affordable housing remains limited and office space exceeds demand, according to Goldman Sachs Group Inc . Prices and rents in some regions could fall as Read More...
Posted Thursday, November 20, 2008 5:09 PM by Farooq M | 2 Comments

DLF Slashes the Price of New Town Bangalore by 700 Rupees

DLF Ltd , India’s largest builder in terms of market valuation and in terms of completed residential and commercial property development, has slashed the pre-launch booking price of apartments at its debut residential project New Town , BTM Layout Read More...
Posted Thursday, November 20, 2008 4:28 PM by Farooq M | 16 Comments

4 New Terminals to come up in Bangalore

Karnataka Government has decided to construct four Karnataka State Road Transport Corporation (KSRTC) satellite bus terminals at the major entry points of the Bangalore city to decongest the Kempe Gowda bus-stand. The decision was taken following the Read More...
Posted Saturday, November 01, 2008 5:36 PM by Farooq M | 3 Comments