Blackstone’s Nucleus Office Parks targets 24.5 million sq ft by 2020 end – ET RealEstate

Blackstone Group is scaling up Nucleus Office Parks, an entity that houses commercial properties fully owned by the group, in a bid to own 24.5 mn sft of office parks by the year end, a senior official told ET. Half Blackstone Group’s portfolio is in Southern India. “Nucleus will expand its capability in terms of […]

Jewar airport in mind, YEIDA readies 20-year master plan – ET RealEstate

GREATER NOIDA: How much population will settle down along the Yamuna Expressway in the coming years? For the first time, the Yamuna Expressway Authority will have a realistic population estimate as it is getting its master plan ready to meet the region’s future demands, keeping in mind the Jewar airport project. YEIDA’s present master plan […]

Activist objects to greenfield township under Nashik smart city plan – ET RealEstate

NASHIK: Rajesh Pandit, the petitioner of Godavari river pollution in the Bombay high court, has raised an objection to a proposed township project under the smart city known as Greenfield project as some part of the project comes under the blue line of Godavari. Pandit has sent a letter to the CEO of the Nashik […]

Haryana CM asks DTCP to fix fire safety system in Sare Homes, Gurugram – ET RealEstate

GURUGRAM: Haryana chief minister Manohar Lal Khattar on Saturday directed the department of town and country planning (DTCP) to immediately operationalise the firefighting system in Sare Homes, a housing society in Sector 92, and recover the cost of the same from the assets of the builder. The direction came during the grievance committee meeting chaired […]

Steep hike in property tax upsets Secunderabad cantonment residents – ET RealEstate

SECUNDERABAD: Several residents are criticising SCB claiming that it has hiked the property tax as part of its triennial revision (2018-21). A group of taxpayers had even met SCB president and requested him to look into the issue as they are facing financial stress due to the pandemic. “The proposed hike ranges between 1,000 and […]

Tuition centres in Ludhiana must now get NOC according to new fire norms – ET RealEstate

LUDHIANA: Keeping in view the mushrooming of coaching centres in the city, the local bodies department has issued new fire safety norms for these centres to follow. Now, the centres are divided in three categories based on the area, and the owners will have to make arrangements accordingly. But sources said this may again remain […]

Pune civic body mulls long-term leasing instead of sale of 117 amenity spaces – ET RealEstate

PUNE: Pune Municipal Corporation (PMC) has finally decided to give up the plan to sell its 117 amenity spaces, which may be leased out for a longer period of time. After building department officials submitted an opinion that the plots — 34 acres in all at Baner, Balewadi and other areas — should be leased […]

Madurai smart city projects on track, four to be completed in December – ET RealEstate

MADURAI: Most of the smart city projects carried out by the Madurai Corporation are nearing completion, with at least four of the 14 projects expected to be completed by December, while five more are expected to be completed by March 2021. Corporation authorities submitted the progress details at a state-level meeting held in Chennai recently. […]

Lower home loan interest rates to continue for next 12 months: Keki Mistry, HDFC – ET RealEstate

NEW DELHI: Calling the existing home loan rates the lowest in the last four decades, Keki Mistry, vice chairman and CEO, HDFC has predicted that the the lower interest rates regime will continue for another six to twelve months that will give the best home buying opportunity for the home buyers. “The home loan rates […]

Home prices in Hong Kong fall 0.6% in October – ET RealEstate

HONG KONG: Private home prices in Hong Kong eased 0.6% in October, weighed down by a bigger drop for large apartments, official data showed on Thursday. The fall last month compared to a revised 0.4% gain in September, according to data from the Rating and Valuation Department. Prices have risen 0.4% so far this year. […]