BMRDA to start work on 12 Radial Ring Roads covering 175.84 Km.

BMRDA’s projects will work as a supplimentary roads for upcoming project, – Bangalore Metropolitan Region-Intermediate Ring Road, which connect Harohalli, Bidadi, Nelamangala, Devanahalli, Hoskote, Sarjapur, Jigani and Tavarekere and Bangalore International Airport. The notification on april 19, has this proposal.

Yelahanka-Doddaballapur -20.21 Km.
Sulibele-Nandagudi -13.18 Km.
ORR-Sarjapur -16.68 Km.
Bommanahalli-Anekal -17.59 km.
Harohalli-Dodda Marlawadi -6.79 km.
Alimaranahalli-sathnur -19.60 km.
Lakshmipura-Chikkanahalli -10.76 km.
Tavarakere-Kumbalagodu [...]

Karnataka CM may approve the IMP submitted by BMRDA.

This is from the reliable sources that Karnataka CM may approve the IMP – Interim Master Plan for 8000 Sq.km in Bangalore urban and rural districts. The real estate developers are in a fix, as they might lose out on the investments they have made for projects and the interest cost may eat up their [...]

Karnataka Housing Board – 100 Housing Projects in Karnataka.

Karnataka Housing Board has starting implementing 16 projects under 100 housing projects plan. Remaining is under planning stage and they will also be finalized sooner. Citizens of Karnataka could look forward to own litigation free plot of land or their house from KHB. More information can be had from the official website of KHB.
http://www.karnatakahousing.com
http://www.khbcustomerinfo.com

RBI Announce India’s Monetary Policy 2007-2008.

India saw a surge in net capital inflows of 27.3 Billion USD in nine months of 2006-2007 from 13.4 Billion USD in the same period a year ago. Some of the main features of the policy.
1.Listed Indian companies limit for portfolio investment abroad in listed overseas companies enchanced to 35% of net worth.
2.Overseas investment limit [...]

Ascendas, MIDC and MADC is Developing Two Tech Parks in Maharashtra.

Ascendas, a singapore based business space solutions provider, Maharashtra Industrial Development Corporation and Maharashtra Airport Development Company to develop two mega projects. One in Pune and Nagpur. In Pune, 2.5 Million sq.ft. of built up space will spread across 25 acres, to be completed in five phases. In Nagpur, 4.5 million sq.ft., of built up [...]

Government of Karnataka Has Asked Bangalore Development Authority To Take Up Low-Cost Housing.

The BDA has plan to construct two lakh low-cost houses over the next two years on the land recovered by the state government from encroacheres. Maybe within a week or two the scheme will be launched by the government. The government plans to hand over around 300 acres of the recovered land to BDA for [...]

Government of Karnataka Recovers 18000 Acres of Land from Encroachers.

The Hon’ble High Court on wednesday ordered the Lok Ayukta to investigate land acquistions made by the KIADB over the past five years in Bangalore Urban and Rural districts involving 3,375 acres.
The Hon’ble Justice H V G Ramesh, HC Judge observed that, “when there is 18,000 plus acres of land available, what is the necessity [...]

Housing Bubble In US To Become a Full-Blown Crisis by 2008.

In US the housing bubble has already burst under the weight of rising interest rates and the ever-deepening mortgage market crises for those borrowers with weak credit histories. The bursting comes after home prices went through the roof by speculation upto 80% between 2000-2006.
The housing market is now characterised by falling home prices nationwide for [...]

Opportunity for Developing High End Commercial Complex at Port Blair, A&N Islands, India.

Andaman & Nicobar Islands Integrated Development Corp Ltd, (ANIIDCO), invites sealed offer/bid for developing and operating mohanpura commercial complex project at Port Blair. The project to be in a 10000 sq.m. plot. The site is located in the centre of the city and well connected with rest of the city. The project site will be [...]

India’s Forex Reserves at 203 Billion USD.

India’s forex reserves at 203.092 Billion US$. Foreign currency assets in dollars include the effect of revaluation of non-US currencies such as Euro, Pound Sterling and Yen held in reserves. Experts estimate that the forex reserves would touch approx 270-280 Billion USD by end of this financial year.