Delhi-NCR
India Inc is unhappy with the Land Acquisition Rehabilitation and Resettlement Bill 2011 cleared by the Group of Ministers (GoM) fearing that projects costs may soar due to high land price, and cumbersome acquisition procedures. Rajeev Talwar, executive director of DLF said the Bill could affect business badly adding that projects costs will soar if [...] Continue Reading »
After a slowdown in the first two quarters of 2012, India is witnessing a rise in demand for commercial rental spaces. Major cities such as Mumbai, Delhi-NCR, Bangalore, Chennai, Hyderabad, Pune, and Kolkata saw a total of 7.6 million sq ft office space absorption in the July to September as compared to 5.9 million in [...] Continue Reading »
With NCR Planning Board giving green signal for projects like the Night Safari Park on the anvil, Yamuna Expressway Industrial Development Authority (YEIDA) has organised the chart for the development in the region. With the execution of the new master plan, the area will witness a rise in entertainment zones and industrial hubs with world-class [...] Continue Reading »
Through real estate fund that focuses commercial property is suppose to raise up to Rs 500 crore in the top seven cities of India by Azure Capital. India reality fund II, will be launched by Azure Capital, that will totally focus on commercial properties across the seven cities of India. The investors will focus on [...] Continue Reading »
The retail rentals in Delhi have increased to 21% and the areas falling in to it are South extension, Karol Bagh, Khan Market and others. According to global property consultant Cushman and Wakefield (C&W), the high street of South Extension witnessed a growth of about 21% in rental values during June-September period, which was further followed [...] Continue Reading »
The builders have expressed their displeasure over the delay they have to face while getting environmental clearance. Developers body, Confederation of Real Estate Developers’ Associations of India (CREDAI), says that the environment clearance delays projects by almost two years. While developers’ body is pushing for a practical approach by the environment ministry, so that the [...] Continue Reading »
National Housing Bank (NHB) has expressed hopes that price correction in housing market is due soon. NHB, the regulator of housing finance companies, has predicted a decline in the real estate prices in the near future. NHB attributes the fall in prices to the large number of empty houses which is due to be sold. [...] Continue Reading »
Realty sales is to begin soon in newly regularised colonies of Delhi. The Delhi government has announced that it will start registering properties in the recently regularized colonies. However,only those properties that have attained general power of attorney (GPA) registered before October 2011 will be eligible for registration. Through this, the Delhi government has started [...] Continue Reading »
A recent survey shows that real estate sector remains the preferred asset for investors in India. It is being followed by gold and silver. The investment pattern in the country suggests that investment flow have been highest in the traditional modes of investments such as in properties and gold or silver. Given the uncertain economic [...] Continue Reading »
A Group of Ministers (GoM) has cleared the long-delayed controversial Land Acquisition Bill. This will pave the way for its introduction in Parliament in the forthcoming winter session. Developers body National Real Estate Development Council (NAREDCO) said welcoming the move that land aggregation would be easier with the panel of minister’s proposing that consent of [...] Continue Reading »
