Delhi
The capital city is witnessing garbage issue and Delhi’s municipal corporations appear to be in crisis over the sanitation factor in the city during the festival season. The city garbage has increased by 1,000 metric tonnes a day. Expect the waste-to-energy plant in Okhla, the city lacks any arrangement to the disposing of garbage. Currently [...] Continue Reading »
After a slowdown in the first two quarters of 2012, India is witnessing a rise in demand for commercial rental spaces. Major cities such as Mumbai, Delhi-NCR, Bangalore, Chennai, Hyderabad, Pune, and Kolkata saw a total of 7.6 million sq ft office space absorption in the July to September as compared to 5.9 million in [...] Continue Reading »
The retail rentals in Delhi have increased to 21% and the areas falling in to it are South extension, Karol Bagh, Khan Market and others. According to global property consultant Cushman and Wakefield (C&W), the high street of South Extension witnessed a growth of about 21% in rental values during June-September period, which was further followed [...] Continue Reading »
Bangalore has surpassed bigger property markets such as Mumbai, Delhi and Chennai. Real estate research firm PropEquity says that the Southern city recorded a 140% growth in the quarter till June over the year-ago period. As sales in most other cities stagnated or decreased, Bangalore witnessed sale of 15.58 million sq ft of residential space [...] Continue Reading »
Confederation of Real Estate Developers’ Associations of India (CREDAI) and the Royal Institution of Chartered Surveyors (RICS) have come together to offer courses in real estate. They have announced a joint initiative to address the learning needs of professionals in real estate and construction sectors. RICS is a global professional body which builds environment that [...] Continue Reading »
Delhi High Court has directed the Delhi Jal Board (DJB) to find a solution to the water contamination problem in South Extension I. DJB has been asked to replace corroded pipeline before the roads are carpeted. Court has also asked South Delhi Municipal Corporation (SDMC) to carry out quality-checks of works. The check would have [...] Continue Reading »
The Chief Minister Sheila Dikshit promised support to residents of Delhi Cantonment area who are feared of having their structures being demolished. It was requested by Shiela that the cantonment area should be given amnesty at a meeting with the Union Minister of State for Defence M M Pallam Raju. Shiela also showed concerns towards her [...] Continue Reading »
The economic slowdown has not affected deals in Delhi’s premium real estate space. In a record deal, Gujarat-based Torrent Group has bought 1,124 sq yards of residential property in Chanakyapuri for Rs 111 crore, at the rate of around Rs 10,00,000 per sq yard. This is the highest recorded rate in the recent past in [...] Continue Reading »
Due to the congestion caused by illegal parking in South Extension, Delhi High Court has directed the South Delhi Municipal Corporation (SDMC) and the traffic police to clap down on illegal parking in markets, lanes adjoining residential areas in the South Extension. A status will be filed by November 23 by the police and the civic [...] Continue Reading »
Delhi is making more and more space for people to live in by developing vertically, perhaps has not been considering the need for parking, walking and driving space. With multiple members staying in the same house and owning multiple vehicles is causing vehicular congestion on the colony roads. The colony roads are eternally clogged with [...] Continue Reading »
