Delhi NCR
According to a recent report by property consultants PropEquity, the property sales across the Mumbai Metropolitan Region (MMR) have witnessed a fall of more than 50 per cent. In the first quarter of 2012, absorption of residential property has fallen to 11,473 units compared to 27,676 units in Q1 of 2011. The total residential supply [...] Continue Reading »
Real estate developers have planned to give rest to the new project launches, instead they prefer to sell the unsold inventory, as this process prevents dropping of price in the declining market. Analysts say developers have realised that launching of new projects could cut down the unsold inventory prices which were launched at higher costs. [...] Continue Reading »
As there has been a depreciation in the value of rupee, Non-resident Indians (NRIs) in the UAE are now interested buying properties in India. Prior to the three-day Indian Property Show in Dubai, pre-launch bookings have been done by NRIs which has risen to 80 per cent in recent months. The NRIs who have been [...] Continue Reading »
The Delhi government has selected 1,300 families across 14 slums for allotment of Economically Weaker Section (EWS) flats. They will be relocated by the end of May. The eligible residents will be allotted flats in the first phase of the project by the Delhi Urban Shelter Improvement Board (DUSIB). Flats will be allotted in areas [...] Continue Reading »
Over 1,200 colonies were given the provisional regularization certificates in the year 2008. The Delhi government is now planning to announce about the relief being provided to the residents of the unauthorized colonies. The Group of Ministers (GoM), which was formed last year to provide relief and to develop the colonies, has made several recommendations [...] Continue Reading »
The electricity bill tariffs might get high! The Delhi power regulator recently proposed differential tariffs on the occasion of announcing the second fuel adjustment surcharge payable to discoms. As the BSES Yamuna has been allowed to levy a fuel surcharge of 7 percent, the East Delhi residents will end up paying high power tariffs. Whereas, [...] Continue Reading »
Mumbai heads the crown for bearing highest rental and property price midst other Indian cities. The fact that interest rates being high has made home loans un-affordable. Coming down to rental prices, again Mumbai stands first in the list followed by Delhi NCR. The other Indian cities like; Pune, Chennai, Kolkata, Bangalore are nowhere affordable. [...] Continue Reading »
The Elephanta Lane, Sector 10 at Dwarka in Delhi is completely filled with debris and garbage! Each and every single road at the localities of Delhi have garbage dump on the end of roads. The footpaths, roads, barren land everywhere one can see dumped garbage and this is the situation residential areas. It has been [...] Continue Reading »
The sewer block has made life of residents worse in localities at Faridabad in Delhi NCR. The stench had spread so much that even getting out of the house is becoming a toughest task! The residents living in apartments of Faridabad claim to have lodged complaint several even after which they have not got any [...] Continue Reading »
The localities in Faridabad at Delhi NCR is filled with greenery, one can get the experience of sooth living in Sector 14. The Central Park at Sector 14 has been re-structured by the residents and RWA. This park was taken initiative by the residents of the locality under public private partnership scheme from the Municipal [...] Continue Reading »
