Ravi Karandeekar's Pune Real Estate Market News Blog: Bangalore Real Estate

Showing posts with label Bangalore Real Estate. Show all posts

Wednesday, February 25, 2009

Not the right time to call!

A Number of Bangalore’s real estate tycoons are scurrying for cover after extortion threats from a former associate of underworld don Chhota Rajan. This is the first time prominent businessmen in India’s tech capital have been targeted by the organized crime.

The city’s realty tycoons are the helm of what was once one of the most lucrative property development operations in India, raking in margins as high as 40-45%. But the timing of the extortion calls — coming amid an unprecedented business slowdown — has perplexed them.
To read more, please, visit - J Padmapriya & Boby Kurian-The Economic Times

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Thursday, December 18, 2008

Global slowdown casts a shadow on sale of flats in Bangalore

Real estate development in Bangalore and some of the other important cities of the State such as Mangalore, Mysore and Hubli-Dharwad has been severely hit with hardly any buyers for apartments.
The global meltdown is said to be having a disastrous effect on real estate business in Bangalore, one of the fastest growing cities.
Nearly 50,000 apartments are under construction in Bangalore, of which around 50 per cent were booked when the projects started.
No new projects are expected to be implemented until the market stabilizes.
The focus of builders now is on completing the projects
To read more, please, visit - The Hindu : Front Page

Related News:

Bangalore Real Estate- Grounded by Economic Slump

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Bangalore Real Estate- Grounded by Economic Slump

The real estate sector in Bangalore, affected by the recession, is in a dreadful situation.
A sector that was riding high on the economic boom till recently finds itself grounded by the economic slump.
This has left a large number of developers in the lurch even as customers wait with bated breath for the completion of projects.
The sudden downturn in the last three months has not only forced developers to postpone the launch of new projects, but also delay those under construction.
To read more, please, visit - IndianRealtyNews