Delhi NCR
Delhi-NCR- Delhi-NCR has emerged as a hot real estate destination to investors. Many leading developers from various cities across the nation have started investing in the National Capital Region. Investing in real estate has become the major trend in the current period than any other investment destination. It has become an important source of money-making [...] Continue Reading »
After selling of the non core realty assets, DLF is planning to to launch up to 15 million square feet of new projects next fiscal. Aman resorts, luxury hospitality chain and Mumbai land, which is non-core assets, have been sold by DLF for around 4,400 crore. This is included in their “wind energy” venture of [...] Continue Reading »
A private developer in Noida has been landed in trouble for violating the National Green Tribunal’s order, as the NGT has banned the extraction of ground water for construction activities. Noida Authority has set up a task force to examine few sites of the private developers to stop pulling out the groundwater for use. They [...] Continue Reading »
If the government approves the plan by private developers to build high rise condominiums and 15 to 17 story buildings with all the modern amenities, then in the coming years, outer Delhi’s skyline may change. To make the development uniform and well planned, the government is planning to finalise the rule for “land pooling”. The [...] Continue Reading »
The Greater Noida and Yamuna Expressway authorities are promoting a residential area to develop 12000 flats, within a duration of two years. The authorities have already identified the project area and even the layout plan has also been sanctioned. Greater Noida will be having 7000 flats, while remaining 5000 flats will be developed at Yamuna [...] Continue Reading »
A Delhi metro officials said that due to Republic Day Parade and Beating Retreat ceremony Delhi metro services will be partially restricted. For extra security, train schedules of Metro Line Two from HUDA City Centre to Jahangirpuri, Line Three from Dwarka Sector 21 to Noida City Centre, Line Four from Vaishali to Yamuna Bank, and [...] Continue Reading »
Even though the stay imposed on usage of groundwater for construction activities in Noida and Greater Noida has not been withdrawn, National Green Tribunal has allowed the realtors to present information regarding their liabilities related to usage of underground water. Upon an application filed by developers, the tribunal allowed CREDAI to be impleaded as a party [...] Continue Reading »
Soon Delhi Metro will be extended from Mundka to Bahadurgarh, which is in the outskirts of Delhi and its national capital regions. Haryana government is to sign the agreement with Delhi Metro Rail Corporation (DMRC). Construction process of Delhi Metro is awaiting final signature of the agreement between the Haryana government and the DMRC. This [...] Continue Reading »
Era Group, a Delhi based real estate firm, has been probed for service tax by the Central Revenue Department. Officials suspected that the firm is avoiding service tax of around Rs. 18 crore. Officials said that they have registered a case against the Era Infra Engineering Ltd, Era Landmark Ltd and Era Buildsys Ltd. According [...] Continue Reading »
New-Delhi- Delhi will now go vertical by tripling the floor area ratio (FAR) from the present 200 to 600. The planning body of the city will now make the houses of the poor and the middle class go vertical due to the growing housing shortage. The urban development ministry administering the city’s civic urban planning [...] Continue Reading »
