Realty News
The Competition Commission of India (CCI) has approved a real estate deal between global private equity giant Blackstone group and Pune-based realty firm Embassy Group. The proposed deal involves Blackstone and Embassy group having joint control over an entity engaged in the development and management of commercial and office space. It has been dubbed as [...] Continue Reading »
The Delhi government is to carry out surveys in 895 unauthorised colonies which were regularised last month. The surveys will be carried out to find out the basic infrastructural requirement of the colonies. According to sources, public agencies like PWD and DSIIDC will carry out the surveys following which developmental works will be started in [...] Continue Reading »
Real estate consultancy firm Cushman & Wakefield reports that the top eight cities in India are expected to see a demand for about 180 million sq ft of commercial office space in the next five years. Based on announced projects and the current pace of construction, total expected supply in these five years is 219.6 [...] Continue Reading »
Real estate consultancy firm Cushman & Wakefield have reported that the total new demand for residential dwellings during 2012–16 will be 11.8 million units across India. Of the total demand, top 8 cities will account for 18 per cent or 2.1 million units across categories. NCR is projected to witness the highest demand of 381,000 [...] Continue Reading »
Delhi buildings are all set to get more floor area. After Union development minister Kamal Nath declared that development of Delhi would go vertical, the mid-term review of the Master Plan 2021 seems to have put a step forward to realise the vision. Delhi Development Authority (DDA) has invited objections and suggestions for the first [...] Continue Reading »
Report by global property consultant Cushman and Wakefield states that there will be an increase in the demand for 12 million housing units across the country in the next five years. It is said that the top eight cities will form about 20 per cent of the additional demand. However, the overall demand generated for [...] Continue Reading »
Bangalore-based real estate developer, Sobha Developers, has achieved a record milestone in the history of the company in terms of new space sale. The company has sold over 0.95 million square feet of new space valued at Rs 527 crore at an average price realisation of Rs 5, 575 per square feet for the recent [...] Continue Reading »
Real estate developments in Chikkaballapur district in Karnataka has a different angle. Situated just 60 kms from Bangalore, the district has been witnessing a rapid growth in land sales and development. In the district, agricultural fields are being converted into layouts and apartment complexes. Apartments and other buildings have come up on fertile agriculture land [...] Continue Reading »
According to real estate estimates, demand for luxury residential facilities in Gurgaon is expected to soar in the coming four years. National Capital Region (NCR) is expected to witness the highest demand for houses in the country. Approximately, 381,000 units will be constructed during next four years. New industries mainly connected with the IT, services [...] Continue Reading »
Oshiwara residents organisation has approached the Bombay high court demanding the allotment of two plots, one of which is the only open space in the area. Both the plots are reserved as one for a playground and a the other, a municipal school. The division bench of chief justice Mohit Shah and Justice Niteen Jamdar [...] Continue Reading »
