With immediate effect, the minimum built-up area requirements to be met by SEZ developers will be 100,000 square meters for the seven major cities, 50,000 square meters for Category B cities and only 25,000 square meters for the remaining cities.
In terms of residential real estate, the best performing areas in 2012 were Hebbal, Sahakar Nagar and RT Nagar in North Bangalore. These locations saw the highest demand and appreciation for residential property during the year.
The scripting of what was once seen as a vibrant new chapter in the Indian economy has lost much of its powers to enthrall because of the number of inconsistencies in the story-line
The total flow of PE funds into Pune until December 2011 was approximately US$800 million. This consisted of both foreign and domestic monies through around 32 major transactions over the last five years.
The availability of skilled manpower supported by availability of cost effective commercial real estate – especially in terms of Grade A projects – continues to drive demand for office properties in Pune.