Delhi NCR
Renowned realty firm Wave Infratech has recently unveiled a new luxury destination in Noida – the ‘Club51’, Belleville Park in Sector 25A, Noida. Situated at the heart of Noida-Delhi NCR region, Club51 unfolds an opportunity to own luxurious villas, with sizes ranging between 300 sq yds and 500 sq yds. The limited-edition offer comprises 51 [...] Continue Reading »
In a July 30, 2014, ruling, the Supreme Court has asked Supertech to reimburse the principal amount paid to the company by the flat owners in Noida’s Emerald Court twin towers by August 30, 2014. In addition to asking Supertech to refund the flat owners’ money, the Supreme Court has also ordered the realty developer [...] Continue Reading »
In a report released on Sunday, global property consultant DTZ said that the April-June 2014 quarter witnessed an 11 percent year-on-year increase in office space absorption in Delhi-NCR. As a result of the increase, office space absorption in the Delhi-NCR region touched 1.38 million sq ft during the reporting quarter. However, as per the DTZ [...] Continue Reading »
Faridabad, which started off an industrial town, has presently become an end-user/buyer market; emerging as the most affordable real estate market in the NCR region. While most of the employment opportunities in Faridabad previously emerged from the town’s industrial sector, there has, in recent years, been a gradual shift in the trend; resulting in the [...] Continue Reading »
Real estate developers in the Delhi & NCR region have sought clarity on the UP Apartment Act, despite the fact that a Monday-released notification of the Act empowered apartment buyers in Noida and Greater Noida. Developers are of the opinion that the Apartment Act requires some fine tuning so that there is no impact on [...] Continue Reading »
Land-acquisition issues related to the Rani Jhansi grade separator mark the latest obstacle affecting the construction work on the much delayed 1.8km long flyover. The delays-ridden flyover is already in the 15th year of its construction. As a result of the long delay in the completion of the construction work of the Rani Jhansi grade [...] Continue Reading »
The Haryana Urban Development Authority (HUDA) submitted a detailed affidavit at the Punjab and Haryana High Court on Thursday, revealing the names of the people who have been allotted multiple plots under discretionary quota; thereby marking a violation of the rules. One of the most prominent names featuring on HUDA’s ‘multiple plot allotment’ list is [...] Continue Reading »
According to a top official at the company, Godrej Properties Ltd is looking for a partner to develop a housing project and is keen on entering the Noida real estate market. in joint venture with land owners, The real estate arm of the Godrej group is budding 3 premium housing projects in Gurgaon and not [...] Continue Reading »
Over the last two years, in Mumbai, values of land, which are used for development of residential projects, have appreciated by almost 35.2 percent mainly due to change in norms and increase in property prices, a recent survey said. Knight Frank conducted a survey of 13 top Asian cities on the parameters of values of [...] Continue Reading »
India Realty Excellence Fund II LLP, Motilal Oswal’s second real estate private equity fund, has made a fresh investment of 60 crore in housing project of Mumbai-based developer Ahuja Group’s. The company has raised this fund for deployment in its Ambernath project, in Mumbai’s central suburb, spread across 2.5 million square feet. The management of [...] Continue Reading »
