Gurgaon
Notwithstanding the current predicament about the effect of recent court order on the real estate market of Gurgaon, studies reveal that Gurgaon has witnessed issuing of around eight licenses every month.Two out of three licenses granted in the state of Haryana are from Gurgaon, which include commercial, residential and plotted projects, as being highlighted in [...] Continue Reading »
The Haryana government seems to be woken up to sluggishness of tackling civic isues paralyzing the region. Haryana Public Health minister, Kiran Choudhary has directed officers in her ministry to complete all ongoing water supply and sewerage projects in all districts including Gurgaon. Gurgaon district administration has also been instructed to remove infringements on a [...] Continue Reading »
The Municipal Corporation of Gurgaon (MCG) has decided to demolish 400 unauthorized constructions in the city. The MCG has planned the demolition drive on the weekend keeping in mind the availability of the police force. So far only 13 have been demolished, out of the 400 unauthorized constructions identified by the MCG. The deputy commissioner [...] 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 »
Concerned over the deepening water crisis and depleting groundwater table, experts say that it may leave Noida almost dry in the next few years. Builders and developers have been extracting groundwater from past few years, which may soon see people struggling for water, say experts. The city has already been placed under the ‘semi-critical’ category [...] Continue Reading »
While big realty players like DLF and Unitech seem likely to sell their non-core assets like hotels smaller developers realize an advantage in developing hotels as it increases project valuations. According to industry analysts, real estate players can extract the best valuation by doing mixed land development where they build hotels along with residential and [...] Continue Reading »
The district bar association of Gurgaon has proposed to finance the construction of 125 portable cabins as its facing shortage of over 800 lawyers’ chambers. The cabins will be built on the second floor of blocks A and B after the high court building committee’s approval. Satbir Singh Tanwar, association president said each cabin will [...] Continue Reading »
The Centre for Science and Environment (CSE) has suggested that treated sewage water to be used for construction activities. Gurgaon treats 137 million liters per day (MLD) of sewage every day, which is more than sufficient to meet the builders’ needs, the think tank has said. In the wake of the court order restraining issue [...] Continue Reading »
Home buyers in Gurgaon are worried over the high court’s order of ban on issuing fresh licences to builders due to water scarcity in the city. Home buyers are apprehensive as the order might push the delivery deadlines and cause a hike in real estate projects. Property prices are likely to go up citing an [...] Continue Reading »
In 2007, the Central Ground Water Authority (CGWA) had cautioned Gurgaon that if it continuously uses groundwater at high extent, then the resource would be exhausted by 2017. But the Haryana government overlooked the warning and continued issuing licences to real estate companies which abruptly exploited the resource. According to experts, Gurgaon has been drawing [...] Continue Reading »
