Connaught Place
The traders of Connaught Place in New Delhi have stated that they are facing up to 70 per cent losses in business due to municipality work going on in the area. The traders have asked the New Delhi Municipal Corporation (NDMC) to increase their property tax rebate by 30 per cent. Currently, the traders in [...] Continue Reading »
Commercial rent trends in the first quarter of 2012 have been idle with rates almost constant, except in some places in major cities of India where there has been a growth. Commercial rents in Lajpat Nagar and Greater Kailash in Delhi have been hopeful as they are preferred choices for commercial renting due to connectivity [...] Continue Reading »
Parsvnath Developers, a known name in the realty market is to raise Rs 700-800 crore to clear its debt which stands at around Rs 1,200 crore. The group will sell its 1.2-acre Kasturba Gandhi Marg plot located near Connaught Place. The property consists of a bungalow and has been termed as commercial space which will [...] Continue Reading »
The department, which has recently begun a special drive to check prevalence of black money in the country’s real estate sector, has acquired high-worth properties worth about 2,500 crore in more than 20 cities in the last year alone. The Income Tax Department became one of the largest purchasers of real estate properties last year. [...] Continue Reading »
