Question: I am proposing to buy a property in Coimbatore which is being auctioned by a public sector bank as the property was mortgaged to the bank when it gave a loan to the present owner. I am tempted to participate in the auction which the bank is going to have. What are the safeguards which I should take before bidding in the auction process?

Answer: Generally persons buy property in an auction as they feel that it may be available at a discount."...

It's boom time for the airport construction and development sector in the Middle East and Africa (MEA) and Asia regions as the governments race against time to improve the capacity of airports and equip them with the newest technologies for passenger facilitation.

According to the Construction Intelligence Centre (CIC), airport-related construction projects in the Middle East and Africa are valued at $222.3 billion, with $92.8 billion in the execution stage.

In the MEA region, Saudi Arabia leads"...

Al Ghurair Properties, the real estate development arm of Al Ghurair Investment, has announced significant company growth in 2019, doubling its year-on-year top-line performance, both in terms of turnover and the number of units completed.

With thoughtful design, superior finishing and affordable pricing, Al Ghurair Properties pride themselves on their relentless commitment to quality and timely completion, which shows through in their latest year on year performance figures, stated the company that offers a"...

The role undertaken by the Joyalukkas Foundation in the rehabilitation of flood victims of Kerala is nothing less than great, said chief minister Pinarayi Vijayan in his inaugural speech during the second get-together of the Joy Homes beneficiaries.

In his speech, the CM also expressed the gratitude of the Kerala Government towards the Joyalukkas Foundation. The foundation has built and handed over 250 houses to families, who lost their homes during"...

Al Habtoor Group (AHG), a leading UAE business conglomerate, is soon set to open a regional office in the Hungarian capital of Budapest, to service its existing European operations and scout for new investment opportunities.

The group, with its wide-ranging interests in the hospitality, real estate, automotive, education and vehicle leasing sectors, plans to expand its"...

The urban growth management is essential for the UAE capital Abu Dhabi which is moving up several levels in a rapid manner – and an urban knowledge economy is at the core of the future vision for the emirate as it shifts away from an oil-based economy, said a senior official of Abu Dhabi Department of Municipalities and Transport (DMT).

Plan Abu Dhabi 2030 is just one expression of this – as it provides conceptual solutions to shape the growth of Abu Dhabi over the next quarter of a century, addressing"...

Herman Miller, the global design and furniture manufacturer has introduced its latest work chair, Lino, in the Middle East, UK and European markets, following the product's successful launch in the US last year.

A globally recognised provider of furnishings and related technologies and services, Herman Miller said it has been relying on its innovative design to help people do great things since its inception in 1905.

Charged with designing a high-performance work chairs at exceptional value,"...

SNC-Lavalin has been awarded an engineering services contract by Al Dhafra Petroleum, a joint venture company between Adnoc and the Korea National Oil Corporation and GS Energy.

This contract win is aligned with SNC-Lavalin’s new strategy moving forward to greater growth and engineering services, a statement said.

"...

Jumeirah Group has announced its diverse meetings, incentives, conferences and event (Mice) offering for 2020 at two of its renowned hotels in Abu Dhabi.

Jumeirah at Saadiyat Island Resort provides a beautiful beach option with luxury ocean views, in contrast to the vibrant downtown location of the acclaimed Jumeirah at Etihad Towers, complemented by panoramic views of the capital.

Whether guests are corporates or individuals participating in local events, Jumeirah Group’s hotels in Abu Dhabi"...

In times of uncertainty, maintaining functional and efficient real estate is key. This is made more crucial nowadays in light of the fast-paced advances in technologies and evolving consumer behaviors disrupting all aspects of real estate. From these stems the need to develop proactive strategies that focus on increasing the value of your real estate portfolio and generate annual and recurrent cash flows.

Obstacles to achieving the optimal performance"...