Delhi-NCR
Housing sales dropped by 37 percent in Delhi-NCR to nearly 28,500 units during the first six months of this year due to slowdown in the property market, real estate consultant Knight Frank said today. In the year-ago period, the National Capital Region (NCR) had witnessed sales of 45,300 housing units. Launches of new homes in [...] Continue Reading »
Noida has it all. Residential units in this market are available within the affordable price range of Rs 45 lakh to Rs 55 lakh in both the primary as well as the secondary market. What, however, has ruined buyer sentiment in this market is delay in delivery in many cases. Things could look up for [...] Continue Reading »
Betting big on Indian realty, Sotheby’s International Realty Affiliates LLC — a group company of global auction house Sotheby’s International — has signed an exclusive agreement with Delhi-based real estate consultancy firm RealPro to develop its brand in India by setting up a brokerage firm. North India Sotheby’s International Realty is set to start operations [...] Continue Reading »
During a recent hearing held last week, the Delhi High Court was told that the ‘Tata Camelot Housing project’ near Sukhna Lake in Chandigarh falls under the seismic zone. It was during the hearing of two PILs by a bench comprising Chief Justice G Rohini and Justice R S Endlaw that the Delhi High Court [...] Continue Reading »
The previous MCD’s expenditure, running into crores of rupees, on the reconstruction of Pusa Road pavements – ahead of the 2010 Commonwealth Games in Delhi – has apparently gone down the drain. While the erstwhile MCD spent an exorbitant amount for rebuilding the pavements along the Pusa Road, the present scenario is quite deplorable — over [...] Continue Reading »
The NGT has finally, after a period of more than two years, given the green signal to the Public Works Department (PWD) to resume work on the expansion of the Andheria Mod-Mahipalpur road. The work on the road – which is used by hundreds of people every day to commute to Gurgaon and IGI Airport [...] Continue Reading »
The Delhi Development Authority (DDA) on September 2 restored its online service. A massive response to its mega housing scheme had crashed the official website. Since the launch of the housing scheme on Sep 2, the website received a whopping 18.25 lakh hits. The top officials of the Authority mentioned that in this housing scheme, over [...] Continue Reading »
Bringing transparency, efficiency and accountability in Delhi Development Authority (DDA) is the major focus for Lt Governor Najeeb Jung, the administrative head of the DDA. In a review meeting held today, the LG gave two weeks’ time to the DDA to finalise a restructuring plan in order to bring transparency, efficiency and accountability in the [...] Continue Reading »
The public works department has received a go-ahead from the NGT (National Green Tribunal) to resume work on the expansion of the Andheria Mod-Mahipalpur road. This has brought a lot of relief to the hundreds of people who use the Andheria Mod-Mahipalpur road daily to access Gurgaon and IGI airport. In February 2012 the work was stalled [...] Continue Reading »
In April 2013 the residents of Barwala village, which encircles Rohini’s sectors 34 to 37, had filed a writ petition in the Delhi High Court (HC) against the DDA’s (Delhi Development Authority) plan to construct flats there. Following this compensation dispute, this local agitation may delay the handover of at least 3,000 flats in Rohini. A few weeks [...] Continue Reading »
