Delhi
Around 20 allottees recently got possession of their HIG Dwarka flats built under Delhi Development Authority (DDA)’s 2010 housing scheme. However, the ‘ready-to-move-in’ flats are still devoid of basic facilities like water, electricity connections and roads. Of the 930 high-end flats in the complex, 217 are still under construction. Though DDA officials had claimed that [...] Continue Reading »
A decision has been taken that a team of councillors of the Municipal Corporations along with officials is all set to visit different cities in order to find the most suitable technology for setting up a sewerage treatment plant in the cities. The team will be visiting Mumbai and Delhi to observe the functioning of [...] Continue Reading »
Real estate and home finance executives have stated that Pune and New Delhi have overtaken Mumbai with steady home loan demand. India’s financial capital does not offer a rosy picture for the real estate sector as there are not many new projects that sell in big numbers. In the recent past, most sales have been [...] Continue Reading »
Mumbai has fallen in the mortgage market rankings as record real estate prices keep customers away, say realty and home finance executives. Pune and New Delhi have overtaken India’s financial capital with steady demand, while Mumbai has fallen to third or fourth position for housing finance. Mumbai used to be number one in the real estate market, but not many new projects [...] Continue Reading »
The Yamuna Expressway may turn out to be a magnet for real estate growth in the region. The signal-free 165km expressway will reduce the distance between Agra and Delhi to around 211km, reducing the travel time between the Capital and the tourist hot spot to 150 minutes, and only 90 minutes from Greater Noida. The [...] Continue Reading »
With Yamuna Expressway being opened, property analysts believe that that real estate market in the region is going to witness a boom and the NCR and western UP belt will become a hot destination for homebuyers as well as investors. A hike of 30 per cent in property prices is expected as the Expressway is [...] Continue Reading »
Most residential colonies in Delhi and NCR are getting cramped gradually as service lanes on both sides are often packed with vehicles. The problem has grown bigger due to the rising culture of builder flats and as increasing number of families these days are buying cars for individual use, there is severe parking crunch. Colonies [...] Continue Reading »
The South Delhi Municipal Corporation (SDMC) has decided to literally wake up the tax defaulters to make them pay their taxes. The property tax defaulters of South and some parts of West Delhi soon might be surprised to hear drum beats (dhols) outside their homes. Unable to make several property owners pay the tax in [...] Continue Reading »
Property prices in the upmarket residential areas of South Delhi have dropped by 20 per cent. Slowdown in sales is forcing builders to settle for less as they are under pressure to cut inventory. According to analysts, the market is fast becoming a buyers’ market. Of the 368 apartments that have been released into the [...] Continue Reading »
After the Cushman & Wakefield report on national retail real estate market observing a deferment of more than 30 percent of retail mall space against the projected supply for the first half (H1) of 2012, there are speculations about the backdrop of the situation. The National Capital Region (NCR) has seen the highest mall supply [...] Continue Reading »
