Delhi Real Estate
Delhi’s skyline seemed to be changing soon. The cooperative housing societies in Delhi have shown keen interest in Delhi Development Authority (DDA)’s notification for higher floor area ratio (FAR) for existing group-housing societies. Since the additional FAR can be availed only for new constructions, cooperative societies are exploring possibilities of knocking down old constructions. The [...] Continue Reading »
A complaint alleging the real estate developer Dwarkadhis Projects abused its dominant position has been rejected by the Competition Commission of India (CCI). While dismissing the complaint, the regulator stated that there was no evidence to suggest abuse of dominance by Delhi-based developer. The informant had purchased a dwelling unit in one of the housing [...] Continue Reading »
DMI Finance is in the process of raising 1,000 crore to invest in the real estate sector. The company was founded by the former Citigroup employees Shivashish Chatterjee and Yuvraj C Singh. The company will target an equity and debt corpus of 500 crore each and it will target over 20% internal rate of return, [...] Continue Reading »
With NCR Planning Board giving green signal for projects like the Night Safari Park on the anvil, Yamuna Expressway Industrial Development Authority (YEIDA) has organised the chart for the development in the region. With the execution of the new master plan, the area will witness a rise in entertainment zones and industrial hubs with world-class [...] 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 »
Telenor Group has approached Delhi High Court seeking that its Joint Venture partner Unitech Ltd be asked to set aside Rs 6,400 crore, or be directed to provide guarantees for the amount through a deposit. The Norwegian company moved the court as it fears the real estate company may not be able to pay the [...] Continue Reading »
Unitech, a New Delhi-based real estate developer, has expressed apprehension about various regulatory measures to be taken up to regulate real estate industry. He stated that various bills related to land and real estate sector may impact the sector’s growth if proper balance is not maintained between the various stakeholders’ interests. Land Acquisition, Rehabilitation and [...] Continue Reading »
Faridabad, long considered as an industrial hub of Haryana, is now considered as one of the best residential hub in the National Capital Region (NCR). With improving infrastructure, Faridabad has transformed into a booming realty destination. Land crunch in Delhi has pushed the prices in most of NCR cities. Faridabad enjoys proximity to Delhi and [...] Continue Reading »
Around 100,000 home buyers in Noida Extension, stuck in a land controversy since May 2011 can expect a faster delivery of their units as National Capital Region Planning Board (NCRPB) has approved the draft Master Plan 2021 of Greater Noida Authority. Around 30 projects had been stuck in the area. NCRPB has sent its letter [...] Continue Reading »
As per records, Morgan Stanley, the US-based investment bank, is in the process to buy real estate firm DLF’s wind power business. It shows the bank’s heightened private equity interest in renewable assets. Morgan Stanley is keen on buying DLF’s business to consolidate wind power assets in India. DLF’s wind power business was put on [...] Continue Reading »
