Delhi-NCR
Despite a demand contraction of about 15 per cent in the commercial real estate sector, there is little chance that rents of commercial sector will go down. Property consultant Jones Lang La Salle states that Indian real estate prices are unlikely to be corrected. The Indian residential property market has witnessed a definite slowdown in [...] Continue Reading »
According to the CEO of international property consultancy Jones Lang LaSalle, Colin Dyer, foreign investors are looking at investing in Indian real estate market on a selective basis. Foreign investors are looking at infusing capital behind successful investment managers and many are keen on directly investing. However, they are cautious as the real estate sector [...] Continue Reading »
Realtors’ body, The Confederation of Real Estate Developers’ Associations of India (CREDAI) assured flat buyers that its members would not charge any extra money from the existing home buyers in Noida Extension area. The assurance came from Amrapali Chairman and Managing Director Anil Sharma. CREDAI response comes after Noida Extension Flat Owners Welfare Association (NEFOWA) [...] Continue Reading »
Volume of home sales dropped in most micro markets across the country in the first quarter of the year. An Edelweiss research report states that home sales dropped the most in NCR, followed by Chennai and Hyderabad. Most developers across the country reported a seasonal decline. Revenues of 13 listed real estate firms declined by [...] Continue Reading »
Civic authorities in Delhi have taken a strong stand against property tax defaulters. The South corporation has attached the bank accounts of 114 properties, which have been defaulters. People and organisations with the highest amount of pending payments have been targeted by the authorities. Most of them had not paid taxes for years despite repeated [...] Continue Reading »
The recent Supreme Court ruling against Sahara Group implies an indictment of not only Sahara but the regulatory system as a whole. Sahara India Real Estate Corporation (SIREC) and Sahara Housing Investment Corporation (SHIC) were instructed by the Supreme Court to refund over Rs 24,000 crore collected through optionally fully convertible debentures (OFCDs). Sahara case [...] Continue Reading »
There has been considerations regarding verticalisation of Delhi in the new master plan for 2021 by allowing higher floor area ratio (FAR) in the city. The aim behind such plan is to increase housing stock and rejuvenate some old commercial areas. Property rates in Delhi, especially in the south and central parts, have soared to [...] Continue Reading »
Unitech, a New Delhi-based real estate developer, has expressed apprehension about various regulatory measures to be taken up to regulate real estate industry. He stated that various bills related to land and real estate sector may impact the sector’s growth if proper balance is not maintained between the various stakeholders’ interests. Land Acquisition, Rehabilitation and [...] Continue Reading »
Emphasis on energy efficiency seems to be shifted to smaller buildings of late. In order to help smaller buildings in Delhi to reduce their carbon footprint, a special programme has been devised. An offshoot of GRIHA – the green rating for integrated habitat assessment – SVAGRIHA has been conceptualised especially for buildings that are less [...] Continue Reading »
The Noida Authority has decided to speed up work on the Faridabad-Noida-Ghaziabad (FNG) corridor project. The chief engineer has been instructed to visit the project site and take stock of all obstacles in way of the project. The corridor is a part of its Master Plan 2021. 16km stretch of the proposed 56km corridor falls [...] Continue Reading »
