Delhi NCR
The Greater Noida Authority (GNA) has begun issuing cancellation notices to over 300 allottees of plots in industrial sectors. The allottees that have been sent cancellation notices are the ones who did not not set up functional units despite several years after taking possession of plots. Those who have defaulted upon entering into lease deeds [...] Continue Reading »
Crossings Republik is newly emerged NCR locality which is attracting lots of home buyers. Located on NH 24 bypass road, Crossings Republik is particularly attracting a lot of buyers for 3BHK multi-storey apartments. The key factor attracting buyers to Crossings Republik is its proximity to Noida. It is located at a distance of 6 km [...] Continue Reading »
The state authorities have approved resuming of the construction of the 22-km long link road between the two national capital region (NCR)s – Greater Noida and Ghaziabad. The approval has raised hopes of real estate developers and buyers who has invested in both the areas as there is widespread speculation that prices will rise once [...] Continue Reading »
The Punjab and Haryana High Court has directed the Haryana Urban Development Authority (Huda) to remove encroachments from Sector 17. The court has ordered Huda to develop a market place at the encroached site for the convenience of residents in the locality. 550 families dwelling in the area had been building pressure on Huda to [...] Continue Reading »
Real estate consultancy firm Cushman & Wakefield reports that the top eight cities in India are expected to see a demand for about 180 million sq ft of commercial office space in the next five years. Based on announced projects and the current pace of construction, total expected supply in these five years is 219.6 [...] Continue Reading »
Real estate consultancy firm Cushman & Wakefield have reported that the total new demand for residential dwellings during 2012–16 will be 11.8 million units across India. Of the total demand, top 8 cities will account for 18 per cent or 2.1 million units across categories. NCR is projected to witness the highest demand of 381,000 [...] Continue Reading »
Delhi buildings are all set to get more floor area. After Union development minister Kamal Nath declared that development of Delhi would go vertical, the mid-term review of the Master Plan 2021 seems to have put a step forward to realise the vision. Delhi Development Authority (DDA) has invited objections and suggestions for the first [...] Continue Reading »
Dharuhera, a satellite town to Delhi, is the new residential destination in the belt. Located 30 km from Gurgaon, Dharuhera has about 70 per cent buyers as end users in FY2013. The buyers are targeting the town due to price advantage and improving infrastructure. A middle income family can get possession of a typical 2BHK, [...] Continue Reading »
Mumbai has topped the office space absorption across cities in Q3 of calendar 2012. Real estate consultancy Cushman & Wakefield reported that the total office space off-take was 2.23 million sqft (msf) in Q3, which has increased by more than 50 per cent over the previous quarter. Chennai was second with 1.32 msf in office [...] Continue Reading »
The residents of Sushant Lok-1 in Gurgaon took to the street to put pressure on the developer to set up an additional sub-station in the area. The residents have been fed up with frequent power cuts and voltage fluctuations and even after residents’ welfare association (RWA) writing several times to the developer to set up [...] Continue Reading »
