Expected rise in construction cost is in response to a sharp increase in steel prices Prices of new properties and cost of construction are expected to surge by 15-20 per cent in Bengaluru over the next few months, says the Confederation of Real State Developers Association (CREDAI), Bengaluru. This is in response to a sharp increase in the price of steel over the last few weeks. According to CREDAI...
Highest revenue in last 10 yrs between April 1-July 11 this year; experts say reduction in guidance rate helped The real estate sector in Karnataka has finally rebounded, it would seem — between April 1 and July 11 this year, the state recorded the highest revenue generated from property registrations in the last 10 years during this time period. While 6.87 lakh documents were registered in this time...
India is at Number 5 on the Global Climate Risk Index 2020, according to CDP, an agency that creates statistics based on disclosures by organisations, cities and governments. The Mumbai cyclone and floods showed the reality and magnitude of the problem. As did the severe first lockdown when nature rejuvenated and struck back with blue skies, clear waters and clean air. Thanks to this CDP says the level...
At age 22, Pranav Sharma, a Manufacturing Engineering graduate from BITS Pilani, Hyderabad Campus, quit his job at Deloitte and started a construction firm in Bengaluru to build affordable houses for people from EWS (Economically Weaker Section) and LIG (Light Income Group) categories. Four years later, he has built around 1000 housing units and made 680 people from the EWS and LIG categories proud...
Buying a new property is going to get more expensive as builders and developers have decided to pass on the rise in construction costs to consumers. Those in the real estate sector said factors such as the sluggish demand that the pandemic caused, in addition to costs of raw materials and the fuel prices, had all resulted in a 20% to 30% price rise, which home and property buyers will have to...
Bengaluru, April 1, 2022: Young entrepreneur and developer from Bengaluru, Pranav Sharma, found his name entering the 30 under 30 Forbes list of Young Entrepreneurs early this year. The recognition, coming close on the heels of his successful multiple venture of providing affordable housing to the economically backward and mid segment home buyers, was given for the unique model opted in the solar energy...