Delhi-NCR
Delhi-NCR: New Delhi stands in the second place among the most expensive office markets in Asia and fifth in the world, revealed a research report by real estate services firm Cushman & Wakefield. According to the list, New Delhi is in the second position in Asia Pacific following Hong Kong, after beating Tokyo as the [...] Continue Reading »
The realty firm ATS Infrastructure has announced that it will invest around Rs 600 crore on a housing project “ ATS Lifestyle” in Punjab. ATS Lifestyle spreads over 22 acres and comprises of 300-acres integrated township situated at Dera Bassi near Chandigarh. According to the ATS Group Managing Director Getamber Anand, the project will have [...] Continue Reading »
The new project launches in Delhi-NCR is highly affected by project approval delays, increasing costs and lackluster demand from the buyers. The new launches in NCR has dropped by 35 percent to 5,208 when compared to the statistics of last year which was around 8, 041 units. Launches were limited to few areas like Greater [...] Continue Reading »
As Gurgaon is booming steadily upwards in terms of real estate prices, various companies and industrialists are looking for investing in other options beyond the National Capital Region (NCR). As a result, Dharuhera, Bawal and Jhajjar in Haryana are emerging as alternative real estate destinations. The latest real estate destination is ‘Jhajjar’ in Haryana district. [...] Continue Reading »
The South Corporation and Delhi Development Authority (DDA) have engaged in a dispute over the fate of farmhouses in the city. Both the agencies are fighting to establish their authority over the properties that will bring Rs 600-1,000 crore into the treasury as convergence fee. The dispute started when DDA passed a proposal to bring [...] Continue Reading »
After the meeting with the group of Central ministers, the draft land acquisition bill for which the farmers protested against was called off. Government allowed to form a committee to look after the demand of the farmers demonstrating in Delhi since long time under the banner of Kishan Khel Mazdoor Mahapanchayat with a definite timelines. [...] Continue Reading »
The estimated amount of Delhi’s gross domestic product (GDP) is Rs 3.65 lakh. Among which services sector, including real estate, hotels, restaurants, banking, insurance, wholesale and retail trade, contributed a whopping Rs 2.98 lakh crore. Despite the slowdown in the economy, the service sector sustained its position as prime driver of the city’s economy. As [...] Continue Reading »
The new monorail project will not only benefit the commuters, but the real estate of Gurgaon and Faridabad will also be impacted. The monorail, connecting Gurgaon to Faridabad, is expected to start in April or May 2013 as the trials are over. This monorail will connect areas like DLF 1, 2, 3, 4 and 5 [...] Continue Reading »
New Delhi- A Delhi court has made it clear that residents welfare associations (RWAs) managing affairs in colonies built by Delhi Development Authority have no right to impose maintenance charges from residents of those colonies. The court gave this decision during the judgement of a case, wherein a resident of DDA colony had refused to [...] Continue Reading »
New Delhi: The Securities and Exchange Board of India (Sebi) has directed to put an end to Collective Investment Schemes (CIS) run by many real estate developers as it suspects investor frauds. It asked the firms to refund the money to investors within three months. Numerous complaints have been lodged with the market regulator by [...] Continue Reading »
