Delhi-NCR
The Union Cabinet’s nod to the Real Estate Regulatory Bill has made buyers feel happy and secure; on the flipside, some of its provisions have left the developers panicking. Views of MHUPA Ajay Maken, minister of housing & urban poverty alleviation, said that the bill provides for a uniform regulatory environment to protect consumer interests [...] Continue Reading »
National Capital Region’s property market witness a downfall of 39 % for the new launches of apartments in the areas. As suggested by various reports that around 7,600 units are left over since January-March period. Major eight cities like NCR, Chennai, Kolkata, Bangalore, Mumbai, Hyderabad, Pune and Ahmedabad launched around 38,000 residential units in the [...] Continue Reading »
The much-awaited Real Estate (Regulation and Development) Bill has obtained clearance from the Cabinet on 4th June. The Bill is expected to bring in transparency in the nation’s real estate sector with tighter norms for selling projects and preventing property fraud cases. This Act may be called as the Real Estate (Regulation and Development) Act, [...] Continue Reading »
Noida sector 62 has become one of the favourable for investment in real estate among all the developing sectors in Noida. Sector 62 is primarily enjoys real estate with a mix of residential and commercial property. Connectivity: The rapid metro connection makes the locality one of the better region for investment in the national capital [...] Continue Reading »
The segment of home loans continues to witness strong growth despite the slowdown in the economy. According to the vice-chairman & CEO of HDFC Ltd – Keki Mistry; the fiscal year of 2014 is expected to be yet another year of good growth in regards to home loans as customers bring forward home purchases to [...] Continue Reading »
In the last three years, the number of unsold housing units in prime cities such as Delhi-NCR, Mumbai and Hyderabad have nearly doubled, indicating that the real estate in India would need a long time to recover from. Liases Foras, a real estate consultancy and research firm has revealed that the stock level of residential [...] Continue Reading »
During Mayawati’s government there was a proposal to open an international airport Jewar, which was cancelled later due to financial issues. Now Greater Noida Industrial Development Authority (GNIDA) proposed a budget of Rs 7,005 crore for a slew of development projects. Already around Rs 550 crore has been reserved for improving connectivity of the city [...] Continue Reading »
Dwarka is one of developing suburbs in the National Capital Region. An area which was developed to decongest the capital city as it is located in southwest Delhi. Investors are likely to find Dwarka a desirable residential destination owing to its immaculate planning, sound infrastructure, reasonable (though not low) prices and proximity to employment hubs. [...] Continue Reading »
Noida and Greater Noida authorities have decided to jointly approve a new proposal for real estate projects in this duo area. The authorities want to increase floor-area ratio (FAR) by 0.5% on all plots located on either side of the influence zone of the proposed metro line. Witnessing the increase in projects and density of [...] Continue Reading »
The Delhi Development Authority (DDA) is planning to make a new provision in the Master Plan 2021 for introduction of studio apartments and service apartments. As per the proposal, studio apartments will be allowed to come up in residential zones while service apartments will be restricted to commercial centers. According to the DDA’s proposal, it would [...] Continue Reading »
