Delhi-NCR
Infrastructure has a greater impact on real estate industry in India. After that announcement of cancellation of Jewar Airport Project, the real estate market in Greater Noida and around Yamuna expressway has witnessed a downward trend. The construction of the airport is cancelled on the base of a clause in the agreement between Centre and [...] Continue Reading »
Real estate focused private equity fund ASK Property Investment Advisors had invested Rs 50 crore in the residential? development ?project in Noida. The project is expected to be completed in few months. 12 residential tower have been constructed in the project over 14.5 acres of land in Noida. As the project ended with a great [...] Continue Reading »
New residential project will come up in Noida by Gulshan Homz. The real estate developer has planned to invest Rs 900 crore in the next five years to develop various residential projects in Noida. The builder group has already launched Ikebana in Noida, where 1500 three bed room apartments will be constructed in phases, in [...] Continue Reading »
The consumer forum has ordered TDI Infrastructure Pvt Ltd, a real estate firm to refund Rs 11.31 lakh to a customer for its failure to give him the possession of a shop in the desired time limit. Moreover, the booking amount was collected without having an agreement and it is considered as unfair trade practice [...] Continue Reading »
DLF known as the largest real estate builder in India, has planned to launch its own Fire brigade service to protect its properties. At present they are planning to set up the service only in Gurgaon and in Chennai. Three fire stations will be set up in NCR city as they have properties almost in [...] Continue Reading »
According to a global real estate consultancy firm, the sales of residential properties have increased in the first quarter of 2012 in NCR region of Delhi. According to the report, Delhi’s residential market might see some appreciation in capital value. Once the projects get approval from the National Capital Region Planning Board (NCRPB), projects in [...] Continue Reading »
The Value & Budget Housing Corporation (VBHC) has planned to launch six budget housing projects in the country by the end of this year. The group has planned to construct two residential projects in Mumbai, two projects in Delhi and one project in Bangalore and one in Chennai. The first project in Bangalore by the [...] Continue Reading »
Many high valued properties in India are avoiding the payment of stamp duty as the buyers are acquiring the shares of the construction company, which owns the property. In the process the buyers are not transferring the ownership of the property in their name by paying stamp duty. Thus the seller avoids the payment of [...] Continue Reading »
The Delhi High Court has asked the DDA and the DMRC not to construct any residential complex in Delhi near the metro stations. The stay order was given against an appeal filed by the University of Delhi. The university alleged that Delhi Metro Rail Corporation has leased out some portion of the land near the [...] Continue Reading »
The Delhi Development Authority (DDA) and Delhi Metro Rail Corporation (DMRC) have been asked by the Delhi High Court, to stop the construction of a multi-storied housing society near the University of Delhi. The university had leased 3 hectares of land to DMRC for the construction of Vishwavidyalaya Metro Station and Mass Rapid Transport System [...] Continue Reading »
