Delhi NCR
Real estate in the Indian metros such as Mumbai, Noida, Gurgaon, Ahmedabad, Chennai and Hyderabad is witnessing boom. India’s development in telecommunications and technology sectors has majorly contributed to the nation’s economical growth. Mumbai, India’s most populous city, situated in the eastern coast, has sheltered many industries. It is also a hub for major business [...] Continue Reading »
The South Delhi Municipal Corporation has started demolishing illegal buildings in Hauz Khas. The corporation successfully demolished two illegal constructions in the Hauz Khas village. As per officials, stringent action will be taken against all the illegal constructions taken place after February 2007. This issue was highlighted in the media and was also discussed in [...] Continue Reading »
In a move to bring in relief to the developers, the Ministry of Housing & Urban Poverty Alleviation decided to keep the commercial offices and shops out of the purview of the Real Estate ( Regulation & Development) Bill. According to officials, the bill will only regulate the housing sector. For now, the current draft [...] Continue Reading »
The widening of a road in Vasant Kunj has been stayed by a district court on a petition by residents. The residents complained that the construction violates their right over the land and their safety is at risk. The road widening work was done to develop an all new, congestion-free link to the airport and [...] Continue Reading »
Delhi government is planning to generate solar energy in government buildings. The environmental department has approved nine projects on rooftops of government buildings, which is expected to generate at least 240 Kilowatt peak (KWp) of power. This projects will include areas like Vikas Bhawan II in Civil Lines and four government schools and hospitals. The [...] Continue Reading »
Noida Authority has got the design for double U-turn on the road running in front of Sector 15A approved in order to provide a signal-free corridor and streamlining traffic flow between Delhi and the Noida-Greater Noida Expressway. This proposal was floating in water for the last two months over the issue of felling of 60 trees [...] Continue Reading »
Delhi-NCR: Kundli-Sonipat-Panipat stretch of the NCR region located in the north Delhi has been witnessing enormous real estate growth. The infrastructural development projects and ongoing and upcoming prime projects in this region have driven large investments in real estate sector. The prices of properties in Kundli, Sonipat and Panipat are lower compared to other parts [...] Continue Reading »
Logix Group has launched its first residential project “Blossom County”, which comprises of 2,3,and 4 BHK apartments in Noida sector 137. The project has penthouses along with residential apartments and spread across an area of 25 acres. The project follows the concept of ‘Green Homes’ and has been designed by world famous architects. It provides [...] Continue Reading »
Real estate firm Unitech had to put a halt on their construction work at the site of its luxury project, Nirvana South Close, worth around Rs 250 crore, in Gurgaon following an order from a district court. The court ordered stay on construction work as the apartment owners’ association went to court with regard to [...] Continue Reading »
Omaxe, a realty firm, has witnessed a rise of a 34% in their sales booking at Rs. 1574 crore in the initial nine months of the this financial year with higher quantity and improvised realisation. According to an analyst, Omaxe has reached sales bookings of Rs. 1574 crore during April-December of 2012-13 financial year compared [...] Continue Reading »
