Realty industry of Bangalore is in mid of both positive and negative aspects of the current market condition. According to the sources of www.propertykhazana.com there are many ongoing realty sites in the city which are in hold due to some facts of higher cost material, increased rate of interest, shortage of laborer and many other issues. Bounded by all such circumstances two of the projects of IDEB Pvt Ltd are in mute mode since 2009 and the buyers are away from paying the further dues to their respective housing units. As such Citrus Ventures has interfered in the scene and agrees to buy the uncompleted site from IDEB. The site is all equipped with 65 villas at the floor of 3.5 acre of land. Now, the Citrus venture is in the business both as a developer and as an investor of the site. Recently the company has made clearance of the project liabilities and in the process to market the completed segment. Citrus is now marketing around 15 per cent of its project which are ready for occupation and it needs another one year to complete the entire site in a full fledge mode. Director and chief executive of Citrus Ventures - Vinod Menon says that the company has entered the site at a very lower cost and hence there is more risk in future. On the beneficial side the site is all cleared with the land acquisition and other formalities and now the company just has to put it in a proper order of final touch up.
IDEB is a Bangalore based company having tremendous influence in realty sector of the state and also has many involvements in various projects of Pune, Uttarkhand along with the Delhi Metro project. The company is sharing their experience with their co - developers for some of the challenging and innovative projects whenever and wherever it is felt needed as stated by managing director of IDEB – H. S. Bedi. They have long list in doing so as recently it I observed in Uttarkhand for the development of the industrial park of 168 aces of land the company shacked hand with some other co – developers. Same is in Pune in the project of 23 acres of area for a multipurpose venture. Apart from this the company is making their way for some of the international negotiation for malls to get kick off by 2012.
Source: NIMMA BENGALURU
Apartments, Flats and Property for Sale in Bangalore
Sep 21, 2016
Mahaveer Zephyr is a residential development of Mahaveer Group. It is located off Bannerghatta Road,..
Sep 16, 2016
Salarpuria Sattva Opus has pre- launched Bangalore a Premium Gated Community Residential..
Sep 14, 2016
Goyal Orchid Whitefield project is spread across 7 acres of land and it offers 1, 2, 2.5 & 3 BHK housing apartments with comfortable..
Sep 08, 2016
Area: 1272 sft.
Car Park: 1 slot.
Price: 1.05 Cr. Incl. 1 Car park & deposits..
Aug 30, 2016
Codename five rings is brand new venture of developer, nicely instituted at Sarjapur in Bangalore,..
Aug 29, 2016
Legacy Estilo Bangalore offers 1, 3 and 4 BHK apartments for buyers and consists of 58 units in all...
Aug 24, 2016
Peninsula Land is now in Bengaluru, with a luxurious gated residential complex “Peninsula..
Aug 22, 2016
Legacy Celino is located in Thanisandra, Hebbal to Airport in Bangalore. Legacy Celino is currently a..
Aug 16, 2016
Bhadra Legacy is a modern luxurious living space at a premium location of Bangalore, MG Road. The 19 super luxurious apartments offers a..
Aug 11, 2016
Godrej 17 brings to the market a wide range of apartments for families of all sizes at an affordable price..
Apartments, Flats and Property for Rent in Bangalore
Sep 16, 2016
Fully furnished Flat for Rent at Cookes Town ( Lloyd Road) 3 BHK with Car Parking, Lift, Power Back up,
24hrs water, Good Location with all..
Jul 25, 2016
The House available for Rent is in the First floor
The locality of house is Near Koramangala
and Outer Ring Road
House No. 12, 19thA Cross, Near..
Jul 02, 2016
Flat for Rent at Cookes Town 2 BHK with car parking 24hrs water, Lift, Power Back up, Good Location with all Basic Fecilities. Rent0..
May 28, 2016
A spacious 3 Bedroom flat is available for Rent in Kadugodi, Bangalore. It is located on the 2 Floor. It has a covered area of 1650 Sq-ft. The..
May 24, 2016
2bhk ready to move closer too all basic needs
closer to all IT CO. very good and safe..
May 02, 2016
Flat for Rent at M.G Road (Vittal Mallya Road ) 2 BHK Ground Floor Built up - 1340 sq feet, North Facing 24hrs water, Lift, Power back up, Good..
Apr 28, 2016
New Flat for Rent at Frazer Town 2 BHk with car parking Lift, power back up,24hrs water Good Location with all Basic Fecilities, Rent..
Apr 12, 2016
3bhk Pent House For Rent in Akme Ballet Apartment For 52k Call SAIF
Size: 3BHK (2300sft)
Area: Outer Ring Road, Dodda Nekundi, Bangalore
Mar 19, 2016
Rs20000 / 2br - 1100m2 - 2 BHK house for rent (kundanhalli..
Mar 18, 2016
*SPACIOUS FLAT WITH EXCELLENT DAY LIGHT( NATURAL LIGHT) AND AIR CIRCULATION
* Furnished with Sofa set, TV cabinet , Double bed , Exhaust Fans,..