Delhi-NCR
Greater Noida- Construction cost is at peak owing to the abrupt rise in brick rates following the paused brick-production at brick kilns. The cost has been increased from Rs 3600 to Rs 6200 per thousand bricks. Opposing the new norms of procuring permission from the Ministry of Environment, brick manufacturers have stopped production. Fearing huge [...] Continue Reading »
Noida- In a recent incident, the BSP regime has unearthed another land scam worth Rs. 3800 crore as the former government had leased out about three lakh 81 thousand sq meter land illegally to various private companies and their favorite buyers. The scam came into notice and an inquiry was started in June with the new regime [...] Continue Reading »
Parsvnath Developers Ltd, one of India’s leading real estate developers, has planned to raise fund of Rs 360 crore through a non-convertible debenture issue (NCD). In 2010, the developer had purchased a land parcel in a prime location in the national capital. It had then paid Rs 1,651 crore for the deal, which was a [...] Continue Reading »
Delhi/NCR- A place popular as a tourist spot due to its hilltop fort-turned-heritage hotel, Neemrana which is situated on the Delhi-Jaipur Highway (NH-8), is now one of the fast paced real estate destinations. It is situated in Rajasthan’s Alwar district and is about 140km from Delhi. The social and the physical infrastructure of this zone has been rapidly developing along with [...] Continue Reading »
High prices of properties is the major concern for home buyers across India. Though unsold properties are piling up, developers are reluctant to reduce rates. As per the data from the NHB (National Housing Bank) Residex index which tracks price movements in the residential segment in 20 cities across India, the rise in property rates [...] Continue Reading »
Delhi/NCR- One of the upcoming realty destination is the Gurgaon-Faridabad road which has been witnessing a remarkable realty development due to the constant infrastructure improvement and easy connectivity. An array of residential and commercial units have been launched in this area. Due to the fast paced and future developments in this area, the authorities have allotted about [...] Continue Reading »
Delhi/NCR- As per various real estate experts, the year 2013 has been predicted to be quite strenuous for the industry due to the rising cost of input materials, the labor and the increasing interest rates. Not just this, the enormously increasing demand of the sector will eventually result in increased property prices. However, various experts had different predictions about the industry this [...] Continue Reading »
Delhi- Delhi investors are excited at the proposal of development of country homes in the green belt of Delhi – in Zone N (Northwest) and Zone L (Southwest). These zones have recently witnessed the release of agricultural land. Delhi Development Authority (DDA) has proposed that farmhouses of one-acre size shall be constructed in the green [...] Continue Reading »
Ghaziabad- Northern Peripheral road connecting NH-24 with North Delhi is expected to boost up the real estate business by about 10 to 15 percent. Ghaziabad Development Authority (GDA), in collaboration with Central Road Research Institute (CRRI) planned the road project and the estimated budget for this project is Rs 440 crore. It is expected to [...] Continue Reading »
New Delhi- Housing and Urban Development Corporation Ltd (HUDCO) has planned to raise around Rs 5,000 crore. In this regard, the corporation will launch a public issue of tax-free bonds next month. The fund raised will be used for funding low-cost housing and urban infrastructure projects. Investments up to Rs 10 lakh falls under retail [...] Continue Reading »
