Delhi-NCR
DLF Ltd has been in the process of selling a number of its non-core assets to reduce its debt. In the recent endeavor it has got approval from its shareholders to sell its wind power business. According to sources, of all the shareholders, 99.98 per cent were in favour of the resolution to sell off [...] Continue Reading »
Analysts have expressed their fear that DLF and Indiabulls Real may see further downside. Sudarshan Sukhani, a trade analyst, states that further breakdown is possible in case of both real estate majors. As told to CNBC-TV18, Sukhani suggested that both the companies are on the verge of possible downfall depending on where the Nifty stops. [...] Continue Reading »
Red Fort Capital Advisors Private Limited, based in Delhi, an India focused real estate PE firm, is planning to raise $500 million real estate fund next year to invest into residential and commercial properties across the country. The real estate PE fund had earlier raised $500 million in January from overseas investors. The firm’s institutional [...] Continue Reading »
Two labourers were killed and several others were injured when an under-construction building collapsed in west Delhi in Kirti Nagar area. The building owner has been arrested and two engineers have been suspended North Delhi Municipal Corporation for allowing the illegal construction following the incident. According to police, the owner had been adding to the [...] Continue Reading »
Big corporates have seemed to put emphasis on making their new projects accessible, comfortable and user-friendly for the elderly and the handicapped people. Ansal Unitech, DLF, Tata Housing, SVP Developers are designing their residential, even commercial buildings imbibed with barrier-free design with easy and convenient passage to different sections of the home in order to [...] Continue Reading »
A lot of buyers find themselves in a fix before buying a flat because the developer does not hand over the project to the tenants despite its completion. Many factors can be behind this – there might not be a registered housing society, developer may not have received the occupancy certificate (OC) from the civic [...] Continue Reading »
Majority of the BJP has demanded the demolition of an ‘illegal’ structure at Subhash Park in the House meeting of the North Corporation on Monday. The structure was built by MLA Shoaib Iqbal at Subhash Park, claiming that the site belongs to the 17th century Akbarabadi mosque. The demand came after a report from Commissioner P [...] Continue Reading »
Due to an exceptional income of Rs 607 crore from properties sale, Hindustan Unilever said its net profit soared over two-fold to Rs.1, 331.19 crore for the quarter ended June 30 this year. The company has announced a net profit of Rs 627.16 crore for the same period previous fiscal. Company’s net sales surged to [...] Continue Reading »
Concerned over the deepening water crisis and depleting groundwater table, experts say that it may leave Noida almost dry in the next few years. Builders and developers have been extracting groundwater from past few years, which may soon see people struggling for water, say experts. The city has already been placed under the ‘semi-critical’ category [...] Continue Reading »
The North Delhi Municipal Corporation is to appeal to Delhi High Court to remove the illegally constructed portion of the wall at the site believed to contain ruins of the Mughal-era Akbarabadi Masjid. The government had already decided that no new constructions would take place at the site where ruins of the structure were dug up. [...] Continue Reading »
