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Delhi

House Plots demanded in Industrial Sectors by Delhi and NCR Businessmen

House Plots demanded in Industrial Sectors by Delhi and NCR Businessmen
City based industrialists demand that residential plots which lay within the industrial sectors should be reserved for them, on hearing the Noida Authority’s Announcement that the owners of institutional plots could sell parts of their land for residential use. The decision had been bestowed by the Authority for increasing housing projects in these areas. A [...] Continue Reading »

Rohini is a Great Locality to Rent a House

Rohini is a Great Locality to Rent a House
Among the prominent localities of west Delhi, Rohini is a region mainly comprising lower income group and middle income group DDA (Delhi Development Authority) flats. Divided into regions, this locality comprises sectors, some of the popular ones being Sector-5, Sector-7, Sector-9, and Sector-13. The rent rates in almost all sectors are very cheap in comparison [...] Continue Reading »

Even in slow realty market, home rentals rise

Even in slow realty market, home rentals rise
Experts say rents are up because prices went up irrationally in several major markets. It has seen a 15-20 per cent rise in values over the past year across many markets, irrespective of the slowdown in the property sector. While buyers are in a wait and watch mood, the home rental market is headed north. [...] Continue Reading »

Riverfront Project to be started in Twin cities

Riverfront Project to be started in Twin cities
The project is raising eyebrows of environmentalists who have decided to take the matter to National Green Tribunal (NGT). In stark contrast to neighbouring Delhi, Noida Authority has decided to go ahead with its Rs 200 crore Yamuna riverfront development project. The project will not be shelved as it involves developing recreational facilities like parks, [...] Continue Reading »

Dubai’s Tecom plans Rs 10,000-cr smart city for north after Kochi.

Dubai’s Tecom plans Rs 10,000-cr smart city for north after Kochi.
In north India after completing the first phase of Rs 5,000-crore knowledge hub, Kochi Smartcity, by next year, the Dubai-based Tecom will plan a similar project, with an investment to the tune of Rs 10,000 crore. The source said that the first phase comprises a building of 6.5 lakh sq ft built-up area, spread across [...] Continue Reading »

Godrej Properties planning to enter Noida real estate market

Godrej Properties planning to enter Noida real estate market
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 »

Leela ventures may sell Delhi & Chennai hotels

Leela ventures may sell  Delhi & Chennai hotels
Hotel Leela venture is in talks with sovereign wealth funds of Abu Dhabi, Qatar and Malaysia to sell off its two main properties situated in Delhi and Chennai for around Rs 1,850 crore. The two properties will be hive off into separate entities by the firm which owns, operates and manages hotels, palaces and resorts. [...] Continue Reading »

Mega food park in Koraput

Mega food park in Koraput
In as many as 23 states, MoFPI has approved a total of 40 mega food park projects in various stages of implementation. Under the Mega Food Park scheme of the Union ministry of Food Processing Industries (MoFPI), a state PSU, The Odisha Agro Industries Corporation Limited (OAIC) is eager to set up a mega food [...] Continue Reading »

NCR office space leasing increases 3 times

NCR office space leasing increases 3 times
In the first quarter of 2014, Office space leasing in the Delhi-NCR region jumped more than three times to nearly 1.5 million sq ft. The prime reason for the increase is due to higher absorption by IT firms in Gurgaon, says a report by property consultant Cushman & Wakefield. Cushman & Wakefield in its latest [...] Continue Reading »

DDA to go online

DDA to go online
In a move to improve transparency and efficiency, The Delhi Development Authority (DDA) is planning to make its payment and financial transactions online within this year. DDA has engaged the consultant Ernst and Young to study processes in all its departments and prepare a request for proposal document. A DDA official pointed out that the [...] Continue Reading »



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