Real Estate Blogs

A Thane-based educationist, who runs a school with his sister at Diva, was recently conned by three people who got his flat registered in their name and paid him Rs 81 lakh in fake notes for it. Police said it was a classic case of a victim lured by an offer that is higher than the prevailing market rate, and not realising that there could be something dubious behind such unwarranted generosity.

The Confederation of Real Estate Developers’ Associations of India (CREDAI) Chennai, on Tuesday, hailed the government’s approval for multi-level parking in apartments in the city as a decision that would relieve parking space pressure and enhance the architectural aesthetic in the city by “tucking parking space into the structure”.

The preferred asset for Indian investors is real estate sector, followed by gold and silver, a survey today said.

“The investment pattern in the country suggests that investment flow have been highest in the traditional modes of investments such as in real estate market followed by gold and silver,” the survey of PHDCCI said.

In Hyderabad, HyperCity is halving its 143,000 sq. ft big box hypermarket store to 70,000 sq. ft Likewise, in Amritsar, the store is being cut to 40,000 sq. ft from 120,000 sq. ft. That’s is not all. The hypermarket retail chain subsidiary of Shoppers Stop Ltd, India’s oldest department retail chain, is also launching a more compact 28,000 sq ft store format early next year.