DLF
Being an era of social networking, the real estate biggies like; DLF, Parasvanath Prestige have started following Facebook (a social networking website) to promote their realty projects. On the launch of Capital Green Phase III in New Delhi, DLF created a Facebbok page, Regus, world’s largest provider of flexible workspaces have expanded their business with [...] Continue Reading »
Real estate investment in Punjab is showing a slow pace. DLF experts say that the realty investment may slow down with the upcoming Assembly elections. It all depends on the stability in the political scenarios. Election is the peak time when the real estate investors or buyer tend to get more and more cautious. The [...] Continue Reading »
Finally Delhi is flying high in a glee with its inauguration of the city’s first automated multi-level parking. This parking facilitates space for more than 824 cars and parking will now be a hassle-free affair. The commuters are expected to leave their vehicles at the basement and through pallet technology, the vehicle will be lifted [...] Continue Reading »
The residents in Gurgaon city has been witnessing unwanted guests; monkeys and they seem to be creating lot of trouble to the people in the locality. Its a fact that the residents in few areas have paused their daily movements in the locality due to fear of these monkeys. The monkey catchers claim this animal [...] Continue Reading »
The National Real Estate Development Council (NAREDCO) has said that construction costs have risen steeply at present. This northward going going price is due to the increase in the rates of cements. Real estate developers say that cement manufacturers have hiked the price of cement to nearly Rs 100 per bag which is a hike [...] Continue Reading »
Haryana , residents reported saying that the illegal construction of buildings on the Economically Weaker Section (EWS) plots are found with five floors being increased without the notice of the concerned authorities and this has said to be violating the building norms. The Haryana government ordered to stop the connections of these illegally constructed buildings but the concerned authorities are [...] Continue Reading »
The Realty Giant DLF is likely to approach the Compat (Competition appellate Tribunal) to challenge the order by Competition Commission of India (CCI) to pay Rs 630 crores penalty for the abuse of the dominant market position. This challenge on the order is on the basis of Competition Commission of India’s classification of DLF as [...] Continue Reading »
Mr Rajeev Talwar, Group executive director of DLF said that distinction between Government land acquisition process, and free trade between willing buyers and sellers in private sector transaction, should be maintained. Any escalation in the land cost will be passed on to the consumers. To paint private property transactions between the willing buyer and seller [...] Continue Reading »
Lawyers for the owners’ associations for Belaire and Park Place, the two DLF properties at the centre of the DLF case, are preparing a claim for more compensation, which could go as high as Rs.2,000 crore. DLF will likely contest the order on the grounds that CCI has wrongly interpreted the relevant market and thereby [...] Continue Reading »
Various projects of large and well-known developers stretching from Greater Noida to Gurgaon are under the scanner of Belaire Owners’ Association after Competition Commission of India (CCI) slapped a penalty of Rs 630 crore on DLF for “unfair trade practices” and “abuse of market dominance”. According to the builder-buyer agreement in the Belaire case: “The [...] Continue Reading »
