Gurgaon
PropEquity, an online data and analytics search platform, has conducted an extensive study of the construction delays in real estate projects and the impact on the industry. Data points covering over 10,000 projects being executed by over 1,500 developers across 11 cities in prime residential locations have been studied to arrive at the trends contained [...] Continue Reading »
Haryana government had said a proper notification would be published for guidelines for private developers to follow while issuing advertisements. Even a month after the Haryana government announced guidelines it is yet to issue a public notice. The public notice would be published so that the common man has access to contact details of officials [...] Continue Reading »
Market regulator SEBI on June 23 had directed two Sahara group companies — Sahara India Real Estate Corp (SIRECL) and Sahara Housing Investment Corp (SHICL) — to refund the money raised from investors through optionally fully convertible debentures (OFCDs) with an annual interest of 15 per cent from the date of receipt of money. Sahara [...] Continue Reading »
India’s top listed real estate developer DLF Group has said it will increase prices of its properties in selective locations to minimize the impact of rising input costs. The company, however, did not share details such as by how much the prices will be hiked, on which projects and from when the increase will take [...] Continue Reading »
New Delhi-based realty major Emaar MGF to sell its under-construction 550-flat residential complex Emaar MGF Palm Drive, one of the popular residential developments in Gurgaon neighborhood of Delhi-NCR, for Rs 1200 crore. Emaar MGF is learnt to be in an advanced stage of selling its apartment in a bulk deal for Rs 1200 crore to [...] Continue Reading »
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) unveiled a roadmap to boost investments in Haryana. The ASSOCHAM plans to organise Invest Mart in the near future where about 300 investors from various countries will converge to explore the possibilities of investing in Haryana,said chairman of ASSOCHAM’s northern region development council Lalit Khaitan. [...] Continue Reading »
Real estate emerged as the most favourite sector for investors in Haryana in 2010, an Assocham study said. Of the total investment of Rs 4.3 lakh crore under implementation, real estate accounted for Rs 2.4 lakh crore, it said. It said Rs 2.4 lakh crore were invested in major cities like Gurgaon, Manesar and Faridabad. [...] Continue Reading »
Tata Housing Development Company Ltd to invest Rs 2000 crore to build a luxury housing project in Gurgaon and also announced its plans to foray into the overseas market this fiscal. “We are launching a luxury housing project, ‘Tata Primanti’ in Gurgaon, comprising 1,100 units. The investment to develop this project will be Rs 2,000 [...] Continue Reading »
The revenue department has proposed an amendment to the Indian Stamp Act, 1899 to capture the huge change in the Indian economy over the past century. The draft law will be taken up by the cabinet soon. The new stamp duty law worked out by the government says the benefit will lapse one year after [...] Continue Reading »
In the next five years, the housing boom will reach the smaller urban centres to target new segments of customers, says realty finance expert and author Sitaraman. “The real estate sector will go to the tier 4, 5, 6, 7 cities – the small towns – in the next five years. The industry intends to [...] Continue Reading »
