Delhi-NCR
The NCR Planning Board has recently approved a new Master Plan 2031. There is a lot of scope for infrastructural, residential and commercial development like widening of roads with elevated structure and underpasses, flyovers, greenery, high rise buildings, hotels, major Metro and road linkage projects to ease traffic, etc in the new plan. According to [...] Continue Reading »
Property prices in East Delhi, or elsewhere in the National Capital Region (NCR), are hovering around Rs 17,000-24,000 per sq ft. The highest bid for a 5BHK apartment in the CWG village reflects the present scenario of the cost of the real estate properties in NCR. According to the market surveyors, the cost of the [...] Continue Reading »
87 residential apartments in Commonwealth Games Village were sold at a total price of Rs 400 crore. At present DDA have 110 flats in CWG village. The highest bid was Rs 7.27 crore for an apartment. It is considered as the most expensive apartment in the eastern part of the city. The highest bid came [...] Continue Reading »
The National Capital Region (NCR) is ranked as the fifth most expensive commercial property location in Asia Pacific. In a survey by a analyst firm, it is found that the rental rates of commercial properties in NCR are highest in India and 5th in entire Asia. The cost of rental properties in Mumbai is recorded [...] Continue Reading »
The Supreme Court has declared the sale of immoveable property in Delhi through the use of a power of attorney will not be considered as a valid mode of transfer of immovable property. This judgment will have a negative effect on the residential real estate market of the national capital. The Power of attorney is [...] Continue Reading »
A five-bedroom flat in the Commonwealth Games Village was sold at Rs. 7.3 crore to the Delhi State Cooperative Bank. The Delhi Development Authority opened bids for the 110 flats in the CWG village. Public sector units and banks made the winning bids for as many as 87 apartments. The State Bank of India led [...] Continue Reading »
After the UP government cancelled the Greenfield airport project at Jewar in Greater Noida, the property prices around Noida and Greater Noida slumped by 25 to 30 per cent. The Yamuna Expressway‘s returns were linked to a large part on the development of the airport at Jewar and the consequent traffic generated on this highway. [...] Continue Reading »
It is a known fact that property in rapidly-developing cities as Bangalore will find demand across all price points. At this point of time, moving funds from riskier equity-based investment avenues to the stable realty space is an option worth considering. Just as in the case of equity, property too is a medium to long-term [...] Continue Reading »
Emaar-MGF is looking at fast completion of its existing projects in India in the current financial year rather than launching new projects. The main focus of the company is on business consolidation as several of its projects are running behind the schedule and the developer is reeling from a heavy debt burden. Though some new [...] Continue Reading »
Real estate developer Ansal Properties & Infrastructure has planned to expand its two big townships in Lucknow and Greater Noida by a total of about 4,000 acres. The builder has already applied for approval to expand its township. The company is currently developing a 3,500-acre township Sushant Golf City at Lucknow, while the Megapolis Township [...] Continue Reading »
