Realty News
The Delhi cabinet has approved a proposal to make rainwater harvesting system mandatory for all new buildings in the city. The government has asked the Delhi Jal Board to come up with the guidelines on the issue. Earlier, the government had proposed that proper water connection should be issued to the buildings which are equipped with [...] Continue Reading »
The recent RICS Global Commercial Property Survey shows that the demand for office space in India has fallen in the April-June quarter of 2012. The report reflects the general growing concerns about the domestic economy, which has seen downward spiraling in growth predictions, as well as weakening global climate. The report states that demand from [...] Continue Reading »
DLF, the country’s largest developer, is all set to sell its 17.5-acre land in Mumbai’s Lower Parel to Lodha Group and a private equity (PE) player for about Rs 2,800 crore. The company is in the process of selling several non-core assets including land parcels, SEZs and some office buildings, to reduce its debt. DLF [...] Continue Reading »
Godrej Properties, the real estate arm of Godrej Group has registered 70.64 per cent growth in consolidated net profit at Rs 17.15 crore for the quarter ended June 30 due to strong sales. The company had registered net profit of Rs 10.05 crore in the corresponding period last year. The firm’s total income grew by [...] Continue Reading »
The state government of Maharashtra finds itself in the midst of an all new challenge – considering the application of a construction firm to divert its prime property at Mulund from forest to non-forest area. Oberoi Realty Ltd made an application to the conservator of forests, Nagpur, to divert its 18-acre property on LBS Marg, [...] Continue Reading »
Realty firms 3C Company and Orris Infrastructure have announced joint development of a group housing project in Gurgaon. The project is named as ‘Greenopolis’ which will comprise of 2,317 housing units spreading across 47-acre. Orris Infrastructure would provide land, while development would be done by the 3C Company, which is known for green buildings. The [...] Continue Reading »
There may be good days in the offing as per real estate market in India is concerned. According to data from property research firm PropEquity, home sale volumes remained stable in the month of May in key cities across the country. Mumbai has seen slight increase and the sales have been moderate in Gurgaon. The [...] Continue Reading »
No process of land acquisition will take place in Rewari till judicial commission submits its report to the Haryana government regarding the violence occurred on July 22. The violence occurred in a protest led by farmers against the land acquisition process. The judicial probe will be headed by a retired Justice of Punjab and Haryana [...] Continue Reading »
The Gujarat High Court has asked Ahmedabad Municipal Corporation (AMC) chief to inspect all 908 high rise buildings in the city for fire safety equipment, and submit a report before the court. According to statistics, there are 1232 high-rise buildings in the city and out of these, 907 do not have fire safety no objection certificate (NOC) from the fire department. [...] Continue Reading »
Federation of Indian Chambers of Commerce & Industry (Ficci), is organising a day-long South Indian Real Estate Conference 2012, on August 3, 2012, at the Hotel ITC Windsor, in Bangalore. The meet will be held in the backdrop of the real estate sector witnessing tremendous growth in recent years and the prospect of the sector’s [...] Continue Reading »
