Delhi-NCR
While the government’s announcement of allowing Foreign Direct Investment(FDI) into retail sector has been drawing mixed responses throughout the country, the housing developers have welcomed the reform. Hailing the UPA government’s decision, the housing developer community called for accelerating the economic reforms process by covering the realty sector. The Confederation of Real Estate Developers’ Associations [...] Continue Reading »
Faridabad‘s commercial real estate is all set to undergo significant change. A large number of business and IT Parks are coming up in the city, which will push the commercial scenario in the city. The commercial sector has already noted an average escalation of 8-10 per cent in past six months. Faridabad-Mathura Road is the [...] Continue Reading »
Grihasta, an immaculately planned villa housing development is being developed by Artha at Sarjapur Extension. Spreading over 40 acre development, Grihasta aims to offer premium villas with all the amenities and comforts of modern living. It is an integrated township of over 465 villas that beautifully combine functionality, aesthetics and space at prices that are [...] Continue Reading »
Union secretary for financial services D K Mittal has reportedly asked the Confederation of Real Estate Developers Association of India (Credai) to conduct a survey of unsold housing stock across the country. The initiative was taken at a meeting which was attended by representatives of both banking industry and developers. The step comes in the [...] Continue Reading »
Reserve Bank of India has announced a cut in the cash reserve ratio (CRR) by a quarter of a percentage point (25 basis points) to 4.5% in its policy review meeting. With the announcement, home and auto loans will gradually become cheaper over the next few months. However, the RBI disappointed industry by leaving repo [...] Continue Reading »
The finance ministry is to meet chief executives of leading banks to discuss credit flow to the real estate and housing sectors. D K Mittal, secretary of financial services, will chair the meeting of bankers, which will record stock of credit flow to the sensitive sectors. A committee of bankers had been set up to [...] Continue Reading »
The Centre and States have agreed to revise the provisions of the Land Acquisition Bill after considering the concerns of industry. State Chief Secretaries and Principal Industry Secretaries have met and arrived at a consensus that provisions in the Bill need to be reworked to boost manufacturing sector. The crucial issues where emphasis is to [...] Continue Reading »
Real estate firm Vatika Group plans to invest around Rs 250 crore in the next five years to expand its business centre venture. Vatika Business Centre, a subsidiary of Vatika Group, currently has eight business centres in Gurgaon, Bangalore, Hyderabad, Pune and Mumbai. It covers more than two lakh square feet of office space with [...] Continue Reading »
The appreciation of the Singapore dollar and RBI’s liberalised policies are attracting expats, NRIs and Singaporeans to invest in India’s booming real estate market. The recently held India Property show in Singapore witnessed growing interests of investors. Availability of variety of properties offers a reliable and convenient investment opportunity for the Indian as well as [...] Continue Reading »
The Delhi government wants to speed up development work in unauthorised colonies. Speedy regularisation of unauthorized colonies is the first step towards this and the Delhi chief minister has set up a task force to ensure quick regularisation of the colonies. The task force will coordinate between different agencies involved in the grant of clearances. [...] Continue Reading »
