Delhi
The National Highways Authority of India (NHAI) has told the Delhi High Court that its board would consider reaching an out-of-court settlement to solve its differences with Delhi-Gurgaon Super Connectivity Ltd (DGSCL), the concessionaire operating the Delhi-Gurgaon Expressway. NHAI board has decided to hold a meeting on August 13 to consider the suggestions to settle [...] Continue Reading »
While reports pointed out an increase in office rentals, a study by real estate consultancy Jones Lang LaSalle (JLL) shows that there has been a 35 per cent dip in office space absorption in seven major cities, as of June 30, 2012. The report states that the supply fell by 52 per cent during the [...] Continue Reading »
According to a Reuters poll, house prices in India have no signs of coming down in the current financial year. House prices have almost doubled in the past five years and the scenario continues to look gloomy for the buyers. However, as per the poll prediction, prices in Mumbai have a fair chance to fall [...] Continue Reading »
Due to the collapse of an electricity grid, around eight states in North India had a major power blackout on Monday. It took more than half a day for the authorities to fully restore supply to Delhi, Haryana, Punjab, Jammu and Kashmir, Himachal Pradesh, Uttarakhand, Uttar Pradesh, Rajasthan, and Chandigarh. It is considered that, the [...] Continue Reading »
The government is to take final decision on whether a lookalike of the Parliament building to be constructed near it. The decision will be based on the recommendations of a top parliamentary panel comprising Urban development minister Kamal Nath, parliamentary affairs minister Pawan Bansal, some prominent parliamentarians and leaders of opposition. The move gathered momentum [...] Continue Reading »
The Delhi cabinet has approved a proposal to make rainwater harvesting system mandatory for all new buildings in the city. The government has asked the Delhi Jal Board to come up with the guidelines on the issue. Earlier, the government had proposed that proper water connection should be issued to the buildings which are equipped with [...] Continue Reading »
The country’s largest listed real estate company, DLF‘s shares increased by 1.2 percent of Rs 197 after a report that the company is selling its plot in Mumbai. The report said that the plot is being sold to Lodha group and a private equity company for Rs 2,800 crore. A report in Economic Times said [...] Continue Reading »
As prices in metros begin to stagnate due to low demand, the suburban areas have seen substantial growth. Investors are moving to the outskirts for better returns in the recent past. Mumbai and New Delhi residential real estate prices have stagnated in the past year. However, as per the reports of 99acres.com, in NCR and [...] Continue Reading »
Red Fort Capital Advisors Private Limited, based in Delhi, an India focused real estate PE firm, is planning to raise $500 million real estate fund next year to invest into residential and commercial properties across the country. The real estate PE fund had earlier raised $500 million in January from overseas investors. The firm’s institutional [...] Continue Reading »
Ghaziabad is fast becoming one of the hot spots of real estate growth in India. The reason being concerted effort put up by Ghaziabad Development Authority (GDA), UP Awas Vikas, the municipal authorities and various private developers to improve the social and physical infrastructure of the city . The city has witnessed an appreciation of [...] Continue Reading »
