Gurgaon
The officials of Dakshin Haryana Bijli Vitran Nigam (DHBVN) claimed that due to unavailability of coals and pitiable condition of their thermal power plants in Panipat, Kanjhawal, Yamuna Vihar and Jhajjar, DHBVN could not generate electricity to meet the demands of 200 to 250 lakh units per day. A demonstration has been held by all [...] Continue Reading »
DLF, leading real estate developer of India, held back by debt and sluggish demand, is shifting back its focus on the familiar territory of its home market. The firm concentrates on building high-end luxury homes in North India while new projects in other parts of the country see a downtrend. Its overall focus in the [...] Continue Reading »
The National Capital region (NCR) is expected to observe an additional supply of 48 million sq. ft. of office space over the next three years which may lead to fall in rentals, realty consultant Knight Frank said. The majority of the office supply is likely to crop up in Gurgaon and Noida markets while the [...] Continue Reading »
Angry residents have blocked the Gurgaon-Delhi Expressway due to power cuts which lasted for more than 10 hours on Tuesday morning. Hundreds of people from several areas of Gurgaon protested against the prolonged power cuts in the range of 12-18 hours on Monday and Tuesday. The agitation, during the peak hours, led to a massive [...] Continue Reading »
According to a recent report by property consultants PropEquity, the property sales across the Mumbai Metropolitan Region (MMR) have witnessed a fall of more than 50 per cent. In the first quarter of 2012, absorption of residential property has fallen to 11,473 units compared to 27,676 units in Q1 of 2011. The total residential supply [...] Continue Reading »
The Competition Commission of India (CCI) has levied Rs 6300 crore penalty on 11 cement companies and it has yet to consider a surplus of cases against builders. In the case of DLF, CCI looked at the relevant market as ‘high-end residential’ in Gurgaon while it looked at the relevant market as ‘residential accommodation’ in [...] Continue Reading »
Real estate market experts feel that property prices may come down, but however, it depends on the holding power of the builders. The real estate sales volume has dropped down in six of the major cities in India. Mumbai Metropolitan Region (MMR) witnessed 50 per cent drop, Gurgaon 45 per cent, Hyderabad 34 per cent, [...] Continue Reading »
The Haryana Urban Development Authority (HUDA) has ordered to check and cover all manholes in Gurgaon within a week. The concerned authorities have given directions to all junior engineers, sub-divisional officers and executive engineers about the work plan. HUDA’s administrator, Praveen Kumar, will personally check the progress. HUDA took this initiative after being hit by [...] Continue Reading »
The builders and developers of Gurgaon have chosen Golf Course Extension Road as the home to their upcoming luxurious residential projects. This new developing locality is well connected to Indira Gandhi International Airport, NH-8 and South Delhi. Road No. 9 has been developed from Sikandarpur to Golf Course Road which further gives connectivity to Sohna [...] Continue Reading »
Gurgaon-Sohna road, the fast developing stretch of the city, is going to be the next destination for commercial and industrial development in Gurgaon. The steep rise in industrial and commercial growth in this place is mainly due to the industrial model township set up at Manesar. Owing to its connectivity to NH 8, Golf Course [...] Continue Reading »
