Delhi-NCR
Property prices in the upmarket residential areas of South Delhi have dropped by 20 per cent. Slowdown in sales is forcing builders to settle for less as they are under pressure to cut inventory. According to analysts, the market is fast becoming a buyers’ market. Of the 368 apartments that have been released into the [...] Continue Reading »
Gurgaon, Ghaziabad, Noida and Greater Noida have developed beyond any comparison in the last few years. Realtors have expressed that the construction have been extra ordinary in Noida, which happened to have lots of barren agricultural land till few years back. Being a low lying area, Noida was never a suitable place for farming and [...] Continue Reading »
After the Cushman & Wakefield report on national retail real estate market observing a deferment of more than 30 percent of retail mall space against the projected supply for the first half (H1) of 2012, there are speculations about the backdrop of the situation. The National Capital Region (NCR) has seen the highest mall supply [...] Continue Reading »
The National Highways Authority of India (NHAI) has told the Delhi High Court that its board would consider reaching an out-of-court settlement to solve its differences with Delhi-Gurgaon Super Connectivity Ltd (DGSCL), the concessionaire operating the Delhi-Gurgaon Expressway. NHAI board has decided to hold a meeting on August 13 to consider the suggestions to settle [...] Continue Reading »
The slowdown in the Indian realty sector has been reflected in the books of DLF, the largest player in the segment. The net profit of DLF, India’s largest real estate company, fell 18 per cent to Rs 292 crore for the quarter ended June. The dip is quite huge compared to Rs 358 crore for [...] Continue Reading »
The Indian realty and construction sector is facing a grave problem in the form of severe shortage of workforce. While increasing urbanization is generating unprecedented demand for real estate, there is a shortage of skilled as well as unskilled laborers to meet the demand. This massive requirement for realty space results in huge demand for [...] Continue Reading »
Indirapuram in Ghaziabad, is fast becoming a realty hub. Situated in the National Capital Region (NCR) and on the National Highway-24, it is epitomized by the new age shopping malls, skyscrapers and huge commercial complexes. Experts state that the retail and commercial values recorded an average appreciation of 10-12 per cent in the capital segment [...] Continue Reading »
Residents and industry owners in Ghaziabad have forwarded their suggestions to the authorities on the proposed redevelopment of national highways passing through the area. The Ghaziabad Residents’ Welfare Association Federation and the Ghaziabad Industries Federation have submitted their suggestions on environment and infrastructure of the highway in a meeting attended by National Highways Authority of [...] Continue Reading »
Kotak Realty Fund is withdrawing its investment from Lalith Gangadhar Constructions Private Ltd. According to sources, Kotak is selling its 49 per cent stake for Rs. 53 Cr to the promoters. Promoted by Girish Puravankara, Lalith Gangadhar Constructions is engaged in real estate development, real estate marketing, facility management and project management activities. Kotak has [...] Continue Reading »
Farmers residing on both sides of Yamuna Expressway have forwarded their demands to Uttar Pradesh Chief Minister. Their main demand is that the Yamuna Expressway should not be opened till their service road parallel to it is developed for connectivity of villages along the Expressway. The proposed service road runs along Yamuna Expressway from Greater [...] Continue Reading »
