Delhi-NCR
Due to an increase in property prices and poor salary increments, home sales witnessed a slump in New Delhi. Manas Tripathi, an executive at a Delhi-based car company, said since property prices have gone up and only 5 per cent of increment in salary, he is not able to take a huge housing loan. He [...] Continue Reading »
Due to increasing housing requirements in cities and towns, the government is expected to create rental houses in order to meet the needs of people who cannot afford to buy houses. Currently the housing shortage is at around 27 million units and at least 50% is ascribed to people who cannot manage to own houses. [...] Continue Reading »
According to a new report, realty sector of India, which has been floating in loss and debts of builders, over past few years, seems to have begun to rise from the bottom. Aashiesh Agarwal, real estate analyst at Edelweiss Securities, expressed his views on the progress of real estate, in the report released on Wednesday. [...] Continue Reading »
The Securities and Exchange Board of India (SEBI) told the Supreme Court that the Sahara firm had no right to mobilise Rs.27,000 crore from 30 million investors through debentures without adhering to the regulatory regime. The firm raised money without complying with the regulatory regime of the stock market and listing on the bourses, said [...] Continue Reading »
Real estate leasing by Information Technology (IT) and IT-enabled services (ITes) sector firms have shown a downturn in Mumbai and National Capital Region (NCR) during this year. According to data shown by DTZ, an international real estate research firm, Bangalore boosted by the share of IT/ITes in the total office space transaction surging from 55 [...] Continue Reading »
For residents in Delhi, it is water more costlier than petrol for the moment! From past two weeks, it has become a nightmare for the denizens as they are facing water crisis in the days of high humidity. It all started with few areas, but now has spread across most parts of Delhi like quick [...] Continue Reading »
Residents of apartments in Gurgaon are having sleepless days as they are getting disturbed by the high sound of the approching metro trains in their areas. To take action against residents’ demands, Delhi Metro Rail Corporation (DMRC) has started putting noise barriers wherever needed to reduce the screeching sound and disturbance at the turning near [...] Continue Reading »
The Union Urban Development Ministry wants evaluation of properties along the metro corridors. Taking note of the appreciation in their property value, the Ministry wants the metro systems to increase their revenue generation methods and tap into the additional funds generated thereby. The metro rail corporation has been advised to develop real estate properties in [...] Continue Reading »
In a recent study made by a real estate research firm it is revealed that the cost of properties in Delhi-NCR have increased by an average of 25 percent. Properties in Noida record the highest property inflation rate in the region, with a 48 percent increase in prices. The research was made over 40,302 residential [...] Continue Reading »
The Delhi government has planned to lift the restrictions on sale and purchase of properties in over 1,200 unauthorized colonies. The regularization process of the unauthorized properties in Delhi has started, and once it is completed, there will be no obligation in Sale and purchase of properties in those colonies. Almost 40 lakh people are [...] Continue Reading »
