Delhi-NCR
With one developer scrapping its project, the dream of affordable housing in Greater Noida West (Noida Extension) has started to shatter. Even though the master plan got approval from the NCR Planning Board, the issues of farmers and home buyers have still not been sorted out. Construction has not even resumed in several sites. Around [...] Continue Reading »
Delhi/NCR- Meerut, located just 65 km away from Delhi, has become one of the potential realty segments as it has offers for both middle and upper-class home buyers. One of the key reasons which makes this place a best investment option is the improving infrastructure and fast connectivity. The top realty players like Ansal Housing, Supertech and [...] Continue Reading »
New Delhi- DLF, a leading real estate developer of India, has planned to reduce its debts by 50 percent over the next three years. It is likely to achieve this through sale of its non-core assets, fresh equity shares and improved cash flows. Last week, the top executives of DLF had a meeting wherein they [...] Continue Reading »
Delhi- Delhi is likely to grow vertically with a proposal made by an advisory committee saying that buildings in Delhi to be allowed to go up 2.5 metres higher than the existing limit of 15metres. During the mid-term review of the Master Plan, an advisory committee has recommended that buildings that have a provision of [...] Continue Reading »
New Delhi- ‘GRIHA LD’, a new rating system for green large building complexes, has been launched by The Energy and Resources Institute (TERI) in association with Association for Development and Research of Sustainable Habitats (ADARSH). GRIHA LD would provide planning practices and guidelines that can be followed to reduce the negative environmental impact of large-scale [...] Continue Reading »
Delhi- South Delhi Municipal Corporation is set to demolish all illegal buildings in Shri Sai Kunj, an unauthorised colony being developed in the Vasant Kunj area. A Supreme Court-appointed monitoring committee, named, Sealing of Commercial Establishments in Residential Premises, has recently discovered the unauthorised colony located adjacent to the Institute of Liver and Biliary Sciences [...] Continue Reading »
New Delhi- Many real estate developers across India have witnessed upward slope of their profit line in the quarter of October-December 2012. There is a significant rise in property sales and customer enquiries for real estate projects in India which has resulted in increasing profits of developers. Real estate analysts observe that the sluggishness of [...] Continue Reading »
The detailed status report of the 26 projects by National Highways Authority of India (NHAI) has been put on its website on the back of a face-off with minister of environment and forests (MoEF) over delayed green clearances for several road projects. The authority had posted all the details of each of the project, describing [...] Continue Reading »
Delhi- Focusing towards the requirement of the middle class buyers, the upcoming budget is likely to give a boost to the affordable housing sector. The government’s main intention will be to push the number of homes with price tags around Rs 20 lakh. It can be achieved through offering incentives like tax breaks, easy loans, [...] Continue Reading »
Many projects of Sahara Group of Companies are under the freeze due to the actions by the Securities and Exchange Board of India (Sebi). The order by Sebi is based on an affidavit filed on behalf of Sahara India Real Estate Corporation and Sahara Housing Investment Corporation to the Supreme Court and in the document [...] Continue Reading »
