Delhi NCR
The Delhi government has given the Green signal to allotment of flats in the disputed DDA housing societies in Dwarka. The Delhi Chief Minister Sheila Dikshit said the government has resolved the complex issue of allotment of flats as most societies were under CBI probe. The state government has instructed the Registrar of Cooperative Societies [...] Continue Reading »
In the next five years, the housing boom will reach the smaller urban centres to target new segments of customers, says realty finance expert and author Sitaraman. “The real estate sector will go to the tier 4, 5, 6, 7 cities – the small towns – in the next five years. The industry intends to [...] Continue Reading »
Regulations to govern riverfront development could be in the offing as the environment ministry is setting up an expert group to seek its opinion about it. The ministry’s moves may come in as a key route to regulate how the rivers are managed in the cities. Now, the rules stipulate only regulation of coastal zone [...] Continue Reading »
Vishal Retail Ltd to enter into real estate business for which it is seeking shareholders approval and plans to change its name to ‘V2 Retail Ltd’ In March this year, Vishal Retail had announced sale of its retail business to the Sriram Group Company, Airplaza Retail Holdings and the wholesale business to private equity firm [...] Continue Reading »
New Delhi-based research firm PE Analytics has drawn up plans to launch a real estate price index. These indices will be based on the actual transaction and registration values prevailing in various micro-markets for the residential and commercial asset classes. The indices will be the barometer for measurement of real estate sector performance and will [...] Continue Reading »
Adani group foray into the Delhi-NCR developing two projects on separate parcels of land. The projects will cost 1,500 crore. Adani Realty Business and Delhi-based realtor M2K Group will jointly develop residential projects on 41 acres of plot the latter owns in Gurgaon, near Delhi. Both developers will share costs and revenues equally. Towards the [...] Continue Reading »
Sahara India Real Estate Corporation sought some time to file recent documents and the Supreme Court on Monday adjourned the matter for a week. Meanwhile, the Allahabad High Court has dismissed the application filed by the Sahara Group firms to recall and restore its earlier order of April 7, 2011 vacating stay and allowed market [...] Continue Reading »
For residents of East of Kailash, there seems to be no end to the growing monkey menace. Residents of E-Block in East of Kailash in south Delhi are facing a threat from simians, with incidents of attack by monkeys increasingly becoming common. Residents say that despite repeated complaints, the Municipal Corporation of Delhi (MCD) has [...] Continue Reading »
From Wednesday, Delhi traffic police will follow emergency vehicles armed with video cameras to collect evidence of violators. The next time if you don’t give way to emergency vehicles such as ambulance, prepare yourselves to find a traffic cop at your doorstep with a challan of Rs 2000. Five teams will travel in police vans [...] Continue Reading »
The department, which has recently begun a special drive to check prevalence of black money in the country’s real estate sector, has acquired high-worth properties worth about 2,500 crore in more than 20 cities in the last year alone. The Income Tax Department became one of the largest purchasers of real estate properties last year. [...] Continue Reading »
