Delhi NCR
New Delhi- The greedy relatives and devious developers are grabbing the properties of NRIs in India. The NRIs are caught in the miserable scenario with this unlawful land grabbing by their own relatives and developers. This situation has eventually led to the Indian expatriates fighting for their properties. It is shocking to know that most of the [...] Continue Reading »
New Delhi- The upcoming budget session will have the real estate bill tabled without any changes. It is said that the ambit of the bill excludes the sale of space for commercial purposes like offices or shops. Due to a tug-of-war between Ajay Maken’s housing ministry who is piloting the bill and Kamal Nath’s urban development ministry who [...] Continue Reading »
Delhi- After the controversial remarks on the Delhi gang rape, Asaram Bapu is again in the news for another controversy. The self-styled godman has been alleged with Rs. 700-crore land grab case. The Serious Fraud Investigating Office has decided to prosecute him. According to the SFIO, Bapu has been a part of the 200 acres land grab [...] Continue Reading »
New-Delhi- With a target price of Rs. 300, the Bank of America Merrill Lynch has sustained its ‘Buy’ status on DLF BSE 3.70 percent. As per a BofA-ML official, they have decided to reiterate ‘Buy’ on DLF based on the revised price objective of Rs. 300 with a 15 percent discount to net NAV of Rs. 353 along with 20 [...] Continue Reading »
New-Delhi- The country’s real estate sector 2013 outlook was revised by Indian Ratings to stable from negative due to the improvement in margin and liquidity of developers seen by the Fitch group. India Ratings has noted an encouraging trend of the ease of liquidity pressures. Real estate companies in the financial year of 2012-13 saw [...] Continue Reading »
New-Delhi- DLF, one of India’s largest real estate firms, has decided to sell away its wind energy business to settle its debt. DLF will be selling away its wind energy business for a sum of Rs. 900 crore to an un-named company which was started by the previous general Electric India Boss. As per officials, [...] Continue Reading »
Ireo is coming up with new high rise residential project in Sector 67 Gurgaon. The Ireo Victory project will be spread over 26 acres and comprises of three high rise residential towers and 27 mid rise towers. The project will have 762 apartments of 2, 3, 4 and 5 BHK in simplex, duplex and penthouse [...] Continue Reading »
Government has announced the construction of a six lane expressway from Delhi to Ludhiana with an estimated budget of Rs 20,000 crore. The three states – Delhi, Punjab and Haryana approved the construction of 357 km road structure for the expressway. The route map will be finalised by the next month as claimed by the Road [...] Continue Reading »
The Real Estate Regulatory Authority Bill will be introduced before the parliament during the Budget session, said Ajay Maken, Housing and Poverty Alleviation (HUPA) minister. However, the proposed bill faced objections from real estate bodies and industry pressure groups. Realty bodies like CREDAI and NAREDCO have opposed the real estate regulatory bill stating that the [...] 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 »
