Gurgaon
The Delhi High Court will next week hear a PIL seeking a CBI probe into licences granted to several real estate developers in Haryana. The list of real estate developers include one allegedly associated with Congress chief Sonia Gandhi’s son-in-law Robert Vadra. Chief Justice G. Rohini and Justice Pradeep Nandrajog will hear the PIL. Advocate [...] Continue Reading »
India’s largest real estate developer DLF leased out three million sq ft of office space, more than half of it is in Gurgaon. The lease rentals has seen stable to healthy increases in various micro markets. A lot of tenants who are completing the 9-year-lease term in DLF CyberCity, Gurgaon, have chosen to renew their [...] Continue Reading »
Supertech, real estate major, have been asked by the Allahabad High Court’s in recent order to demolish two towers in Noida for violating building laws that has left the residents in the lurch even as the developer grapples to refund their money with 14% interest. There are several other developers in Noida and Ghaziabad against [...] Continue Reading »
In the first quarter of 2014, Office space leasing in the Delhi-NCR region jumped more than three times to nearly 1.5 million sq ft. The prime reason for the increase is due to higher absorption by IT firms in Gurgaon, says a report by property consultant Cushman & Wakefield. Cushman & Wakefield in its latest [...] Continue Reading »
An FDI asset management firm, US-based Brahma Management concentrated on domestic real estate, mentioned that after elections it is expected that prices of commercial realty will rise by 20-25 per cent. About 2,500 crore have been invested by a company in 3 upcoming projects, stated that the foreign investors were waiting for policy clarity and [...] Continue Reading »
As per a report by Goldman Sachs, during the fourth quarter of 2013, the volume of residential units sold in Gurgaon and Mumbai has come down by 77 per cent and 45 per cent, respectively. However, by value sales in Bangalore went up six per cent year-on-year, while those in Gurgaon and Mumbai went down [...] Continue Reading »
Over the last two years, in Mumbai, values of land, which are used for development of residential projects, have appreciated by almost 35.2 percent mainly due to change in norms and increase in property prices, a recent survey said. Knight Frank conducted a survey of 13 top Asian cities on the parameters of values of [...] Continue Reading »
In December, the foundation stone for the extension campus of IIT-Delhi at Kundli and Indian Institute of Information Technology (IIIT) at Kilhorad village in Sonipat was laid by Union minister Pallam Raju and Haryana chief minister Bhupinder Singh Hooda. IIT-Delhi’s extension campus at Rajiv Gandhi Education City in Kundli would have a science and technology [...] Continue Reading »
Gurgaon and Noida realtors this navaratri are concentrating on clearing inventories, moving with their independent strategies. Noida realtors are doling out freebies and discounts to rap up inventories on the other hand Gurgaon developers to expedite sales, are doing every possible effort to meet their project completion deadlines. Some well-known Gurgaon-based players taking up the [...] Continue Reading »
Knight Frank Asia Pacific has introduced the market’s first-ever Prime Asia Development Land Index which obtains the cost of prime residential and commercial development land in 13 major cities across Asia that consists of cities like NCR, Bengaluru and Mumbai in India. Key Takeaways Mumbai Modification in development rules coupled with increase in prime residential [...] Continue Reading »
