Ever wondered why do real estate projects have unique sounding, often exotic, names? Developers use names such as Urban Casa, Cape Town, Le Garden, Ambrosia, Mirabilis and Megalieo for their residential and commercial projects. It is natural to wonder why certain realty projects, such as ‘Worli 1973’, ‘W54’ or ‘Three…
Over 10 million square feet office space occupied in 2015; 2 million square feet office space in under-construction projects across the seven major Indian cities for offices. Among the seven major office space markets in India, Bengaluru has the lowest vacancy levels. At slightly more than 3%, the office vacancy…
Coimbatore, one of the smart cities being developed with support from the Indian government, offers great growth potential for the real estate market, both residential and commercial properties. Located in the southern Indian state of Tamil Nadu, Coimbatore is advantageously sandwiched between tourist attractions like Ooty, Kodaikanal and Coorg. The…
If you are planning to buy an apartment or house from a developer in India, you are very likely to come across the terms: carpet area, built-up area and super area. What is carpet area? What is built-up area or covered area? What is super built-up area or saleable area?…
Inn June 2016, the Lok Sabha (the lower house of Indian parliament) passed a comprehensive Benami Transactions (Prohibition) Amendment Bill 2015, with the intent of bringing unaccounted money into the financial system, as well as seizing benami (anonymous or proxy ownership) property and prosecuting those indulging in such activities. The…