Delhi-NCR
Dengue continues to take its toll on Delhi as thirty-eight more people have tested positive for dengue in the capital. With the fresh cases, the total number of people detected with the mosquito-borne disease this season reaches 1,326. All the 38 cases were reported from three municipal corporations. Five children were among those who have [...] Continue Reading »
The municipal corporations are finding it difficult to check structural safety of buildings as only less than 5% of property owners applying for completion certificates. The civic agencies are planning to convince the people of the country to incur the completion certificate. S.S. Yadav, commissioner, East Delhi Municipal Corporation said that in Hyderabad the owners [...] Continue Reading »
The Allahabad high court judgment imposing stay on 802 acres of land in Noida has affected real estate development. However, the court’s ruling was a major relief for farmers. The project areas like sectors 74,79,112 and 119 in Noida will face a big back drop due to the judgment. Thousands of housing units are being developed [...] Continue Reading »
The slowdown in the economy has not affected the premium real estate spaces. A Gujarat based Torrent group recently bought a residential property, close by US Embassy, 1,124 sq yards in Chanakyapuri for Rs 111 crore, at the rate of around Rs 10,00,000 per sq yard, which is the highest recorded rate in the recent [...] Continue Reading »
The residents of Indirapuram housing society lodged an FIR against a developer claiming that the developer had not paid the electricity bill, due to which around 250 families in the society had to face a power blackout for over 12 hours. Similarly, residents of Eastern Heights Society in Nyay Khand-III also said that the developer [...] Continue Reading »
Due to the seldom presence of clean titles in the market for the most coveted of India’s residential addresses, home buyers with deep pockets in Mumbai and Delhi are ready to invest even in disputed properties. Areas in Delhi and South Mumbai having disputed properties are on sale and involve multiple feuding owners. Further the descendants of the original owners also [...] Continue Reading »
The Delhi government currently is in a state of chaos as the economic slowdown has impacted the market. It was stated by the chief secretary PK Tripathi, on 18th October that the government had much to worry regarding the condition of the state exchequer. The third quarter of the financial year witnessed an unimpressive 40% of collections. [...] Continue Reading »
Faced with increasing instances of protests by Noida Extension homebuyers, the district administration has asked the home buyers’ association not to protest in groups. The administration took up the step saying that such protests have often obstruct traffic and law and order arrangements in the city. Buyers have demonstrated twice at the offices of developers [...] Continue Reading »
Greater Noida Expressway have seen high demand for multi-storey apartments on the stretch in the last few quarters. The demand has been especially for 3BHK apartments. Location and greenery seem to be the main pulling factor of the area. The residential demand is generated from a lot of working people commuting from Delhi to NCR [...] Continue Reading »
Air India is planning to monetise 105 realty assets to lower its debt burden. According to industry sources, the debt ridden national carrier had invited bids from real estate consultants and Jones Lang LaSalle India is close to seal the deal. The financial bids opened last week and based on the financial proposals submitted by [...] Continue Reading »
