Delhi NCR
A decision on the draft law to set up a regulator for realty sector with provisions for jail term for the builders who put out misleading advertisements of projects has been deferred by the Union Cabinet. This regulator also made compulsory that all the developers who want to launch projects can only get the approval [...] Continue Reading »
Delhi Development Authority (DDA) is set to hire a consultant to help in retrofitting and reconstructing old building in East Delhi. In a survey done by Central Building Research Institute, it is found out that around 70 percent of buildings were unsafe on Yamuna flood plains and it has become the most important task for [...] Continue Reading »
Gurgaon’s newly developed areas between Sector 58 and 113 has got the circle rates approved by the district administration. The circle rates are segregated and specified as per the construction rates and also groups are formed differently for housing societies and multi-storey apartments to have a clear idea of the different rates. The news rates [...] Continue Reading »
Paras Tierea is a new residential project by Paras Buildtech which is coming up in Noida expressway. This project is located at sector 137 Noida expressway, which is one of the hottest investment destinations presently. The project offers 3 BHK apartments and Paras Buildtech has thoughtfully designed the apartments to ensure the comfort level of [...] Continue Reading »
A new policy has been drafted by the Haryana Government planning to introduce farmhouse townships in Gurgaon. The new plan came up after the failure of the state’s another scheme to set up 52 Special Economic Zones (SEZs) in Gurgaon. This project is been approached by developers who have acres of land to set up [...] Continue Reading »
In a move to bring in great relief for thousands of owners of Delhi Development Authority (DDA) flats, the properties registered between 2001 and 2011 on general power of attorney (GPA) and agreement to sell (AS) will be entitles for conversion. Transferring from leasehold to freehold that were registered on GPA and AS from 2001 [...] Continue Reading »
After a long pause, the work on all the four Metro projects in Gautam Budh Nagar district is expected to resume in May this year. The work was stopped for several months due to various reasons. As per some reports, Noida authority officials have taken this matter seriously and is working hard to complete all [...] Continue Reading »
Delhi-NCR: New Delhi stands in the second place among the most expensive office markets in Asia and fifth in the world, revealed a research report by real estate services firm Cushman & Wakefield. According to the list, New Delhi is in the second position in Asia Pacific following Hong Kong, after beating Tokyo as the [...] Continue Reading »
The realty firm ATS Infrastructure has announced that it will invest around Rs 600 crore on a housing project “ ATS Lifestyle” in Punjab. ATS Lifestyle spreads over 22 acres and comprises of 300-acres integrated township situated at Dera Bassi near Chandigarh. According to the ATS Group Managing Director Getamber Anand, the project will have [...] Continue Reading »
The new project launches in Delhi-NCR is highly affected by project approval delays, increasing costs and lackluster demand from the buyers. The new launches in NCR has dropped by 35 percent to 5,208 when compared to the statistics of last year which was around 8, 041 units. Launches were limited to few areas like Greater [...] Continue Reading »
