Delhi-NCR
New Delhi: One of the diversified Indian real estate giants, Adani Realty joined hands with Delhi-based M2K Group, to come up with Rs 10 billion luxury project, in Gurgaon. Oyster Grand is also one of the prestigious residential projects brought up by the Adani Group. The project is in 19 acres of virgin land with [...] Continue Reading »
Kotak Securities (KS), the stock broking and distribution arm of the Kotak Mahindra Group, reports that demand for cement would grow by 8 percent during FY13 and due to slow growth of capacity additions, capacity utilizations would be improving further. The research firm states that being driven by festive season, labor scarcity and also non-availability of [...] Continue Reading »
Delhi-NCR : The development of seven new townships, which spread over 20,000 hectares along the proposed Delhi-Jaipur Expressway, are to get nod from the Government. The plan for townships in Manesar, Pataudi and Rewari has been already approved by the Haryana Government, while Rajasthan is expected to allow four new townships in Behror, Kotputli, Sahapura [...] Continue Reading »
Over the past five years, housing finance penetration has remained stable in India, reports ICRA Limited, an Indian credit ratings agency. The penetration levels in other developing countries are significantly higher than in India. The report states that the penetration rate increased from 4.5 percent as on March 2004 to 7 percent in March 2007. [...] Continue Reading »
New Delhi- Now commuters from South Delhi to Gurgaon and Faridabad need not fret about the traffic as the Delhi Government has decided to come up with a construction of a four-lane road stretching from Mehrauli-Gurgaon Road to Gurgaon-Faridabad road. This project is funded by the urban development ministry with Rs. 597- crore. The road will measure [...] Continue Reading »
Delhi- The three development authorities of Gautham Budh Nagar were targeted on 4th December by frustrated home buyers as there were allegations that despite various home buyers being cheated, action was taken against only selected developers. A demand by the buyers stated that the developers should upload all their project’s NOC and other related important [...] Continue Reading »
Delhi- Noida has been witnessing an increased number of illegal colonizers who are encroaching the land and selling the unauthorized plots to the buyers. The Sector 75 has quite a number of lands which are being sold by the land mafia. Despite the Noida Authority being completely aware of such illegal professions, there has been seldom action [...] Continue Reading »
Delhi- Along with speeding up the work on the delayed Faridabad-Noida-Ghaziabad (FNG) corridor project, the anti-encroachment plan has also been taken up in to action by the Noida Authority. This drive will be effective from December 6 on the proposed highway. Due to the increase of the unauthorized constructions and infringements, the authorities have taken up the anti-encroachment drive in September to curb them. [...] Continue Reading »
Confederation of Real Estate Developers’ Association of India (CREDAI) has asked its members to clear the inventory of unsold housing stock by reducing the prices. The Finance Minister P Chidambaram has given few suggestions in order to clear the unsold stock which was accepted by the developers too. The members across the country have been [...] Continue Reading »
New Delhi- The Sahara Group real estate has been lashed by the Supreme Court for having shady intentions in terms of the money which had to be returned to the investors generated through debentures. A deadline of seven days has been given for them to repay their customers. According to the apex court bench of Chief Justice Altamas Kabir, Justice [...] Continue Reading »
