Connaught Place
The NDMC has plans underway to give a facelift to the Super Bazar area in Connaught Place. The Super Bazaar building has been non-operational since 2002, when the bazaar was shut down because of monetary issues. The plans which the NDMC is working on, to give the Super Bazar area a facelift, include the construction [...] Continue Reading »
Over the last two years, in Mumbai, values of land, which are used for development of residential projects, have appreciated by almost 35.2 percent mainly due to change in norms and increase in property prices, a recent survey said. Knight Frank conducted a survey of 13 top Asian cities on the parameters of values of [...] Continue Reading »
Knight Frank Asia Pacific has introduced the market’s first-ever Prime Asia Development Land Index which obtains the cost of prime residential and commercial development land in 13 major cities across Asia that consists of cities like NCR, Bengaluru and Mumbai in India. Key Takeaways Mumbai Modification in development rules coupled with increase in prime residential [...] Continue Reading »
Investment in the real estate sector has decreased due to the political uncertainties, elections and due to changes in the regulatory framework. As Mumbai continues to suffer the most, the 2014 situation of National Capital Region (NCR) of Delhi and Bengaluru is still better, comparatively. In 2013, investments in land witnessed 61 per cent decrease [...] Continue Reading »
Due to so much infrastructure development, many experts are now saying that Greater Noida has over shadow the developments in other NCR cities like Gurgaon and Faridabad. In Greater Noida so many multiuse residential and commercial projects are starting. Greater Noida is located in Gautam Buddh Nagar district of Uttar Pradesh has developed so much and [...] Continue Reading »
Weak rupee makes the office space in Connaught Place (CP) favourable for international occupiers. Connaught Place’s (CP) global real estate rankings fell a few notches – from 4th to 8th most expansive office location globally according to an annual survey by the real estate consultant Cushman & Wakefield. The prime reason for the fall is [...] Continue Reading »
WAKF is a non-governmental organization registered with the Government of India and head quartered in New Delhi. This is a charitable trust who targeted projects to provide a whole lot of social services to the underprivileged in India. There are around 158 Wakf properties in Delhi which are under the illegal encroachment of Archaeological Survey [...] Continue Reading »
Delhi-NCR- In terms of commercial real estate, Delhi-NCR is expected to beat other places with mounting real estate rates compared to other prime commercial destinations. Connaught Place in New Delhi stands in the world’s fourth most expensive office location, revealed a recent report by Cushman & Wakefield, which ranks locations across 63 countries to compare [...] Continue Reading »
After the annual budget presentation today, New Delhi Municipal Corporation realised that they failed to announce any new project in this year’s budget of Rs. 2,021.57 crore. The corporation will focus on completing the old projects in Delhi-NCR and few projects which are pending since the Commonwealth Games. The Connaught place redevelopment project which started [...] Continue Reading »
Delhi/NCR- Although there have been various new projects coming up in the Delhi-NCR region, the rental rates have still been increasing in many areas with Panchsheel Park as one of the posh areas with increased rental rates. In the last quarter, the area has witnessed an increase of about 24 percent in residential units. According [...] Continue Reading »
