Delhi-NCR
The commercial property markets in India is showing indications of a slight turnaround with investments and rentals moving up in first quarter of this financial year. Developers for their part are gearing to tap the commercial property market with faster completion ratio and refurbishing existing properties in India. According to the RICS India Commercial Property [...] Continue Reading »
In a recent survey it is found that the cost of residential properties in India has increased by 12 percent in the financial year 2011-12. In the growth pattern India stands at 3rd position in the report. Typically, high interest rates dampen housing demand. However, the rise in prices in India was despite the prevailing [...] Continue Reading »
Cost of residential properties in NCR will increase by 50 percent as land would become costlier once Parliament passes the proposed Land Acquisition Bill. Under the proposed Bill, the development authorities would be forced to hike the land rates substantially. As a result, the prices of janta flats, two, three and four bed room apartments [...] Continue Reading »
The value of residential properties in Delhi is rising. With the increasing infrastructure projects, the real estate property market of Delhi is seeing a raise in demand for housing projects in several areas of the city. The capital value as well as the rental value of apartments in Delhi has witnessed an average hike of [...] Continue Reading »
The Rajiv Awas Yojana was announced in the 2009 budget. It was a government initiative to improve the living conditions for the urban poor through the construction of houses in India for the so-called economically weaker sections (EWS). A critical part of the program, amounting to one-fourth of such projects, is developing rental accommodation. However [...] Continue Reading »
The government is planning to encourage the builders to construct more affordable housing projects in Delhi. The Government will raise both the subsidy given to developers, as well as the cost ceiling for construction of affordable apartments in Delhi. The Delhi government has planned to increase the subsidy (capital assistance) from the current Rs 50,000 [...] Continue Reading »
The Gautam Budh Nagar district administration has proposed to hike the circle rates of property in Noida by 10-30%. The authority of the finance department has granted a preliminary approval to the new rates. Circle rate is the minimum rate at which stamp duty is charged on transaction of a property. And the authority has [...] Continue Reading »
The revenue department of Delhi is going to introduce electronic registration system of sale deeds of properties in Delhi. The municipality will start this electronic system of registration from the Mehrauli sub-registrar office in south Delhi, which covers a large part of south Delhi. Buyers of properties will now be able to take online appointment [...] Continue Reading »
It is known to all that the South Mumbai business hub of Nariman Point has traditionally commanded the most expensive rentals in India and has been among the top 10 costliest spaces in the world. The trend has changed, and it is recorded that the rent for commercial properties in Noida are costliest in India. [...] Continue Reading »
Princess Tower in Dubai has been recognized by Guinness World Records as the world’s tallest residential building. It is 107 storey tall luxurious residential complexes in Dubai. Measuring 414 meters from base to tip, the tower comprises six basement floors, a ground floor and 100 above-ground residential levels. The tower is constructed over an area [...] Continue Reading »
