Gurgaon
HUDA authorities find violations in building layouts in newly constructed houses within its jurisdiction, architects will be issued notices, not house owners. Usually a house owner is sent notices if HUDA finds any discrepancies at the time of issuing the completion certificate. The home owner is not issued such a certificate in case of a [...] Continue Reading »
The joint venture real estate company of Dubai’s Emaar Properties and India’s own MGF Group is seriously considering the idea of what it calls an “iconic” building in India. The venture has since its launch in the country in 2005, remained focused on high-end residential and commercial properties (in the ratio of 9:1). The development activities of [...] Continue Reading »
Famed Realty firm, Ambience Group will invest about Rs 1,800 crore to develop an integrated township and two housing projects over the next four years. The Delhi based group plans to launch two housing projects in Noida and Gurgaon, comprising a total of 1,100 housing units and a 350-acre township at Panipat. The 150-acre project in Gurgaon, named as [...] Continue Reading »
The Haryana government approved Reliance Industries’ proposal to opt out of an SEZ in Gurgaon and said it will reimburse R343 crore, lower than the R1,172 crore demanded by the company, for taking back the land. CM Bhupinder Singh Hooda told reporters the proposal of RIL was approved by the state Cabinet at its meeting. [...] Continue Reading »
Property consultant CBRE predict that land prices in Gurgaon and Noida may fall as 70,000 acre is likely to be available in Delhi due to DDA’s new land pooling policy. Delhi Development Authority (DDA) has recently passed land pooling policy, according to which, private developers can privately acquire land from landowners/farmers willing to participate in [...] Continue Reading »
MPC Synergy Real Estate is all set to exit its investments in the real estate developing company of Anil Nanda Group as told to the Economic Times by two people familiar with the matter. A person involved in the deal with Akme Projects was quoted as saying, “The fund does not want to continue business [...] Continue Reading »
New Delhi: The apex consumer commission has directed prominent realty company Unitech Ltd to reimburse approximately Rs 14 lakh towards delay in possession. The customer – a Sanjay Goyal spent the same on rent due to the delay in possession date of the flat which he had bought. Over Rs 1.37 crore was paid by [...] Continue Reading »
Greater Noida one of most developing areas in the National Capital Region has become one of the hottest destinations for property investment in the country. The availability of enormous lease space, low pricing, improving infrastructure and fast connectivity, has boosted the real estate of the area and realty players are already coming back with assured-return [...] Continue Reading »
With the new farmhouse policy in the final stage of formulation by the Haryana government, Gurgaon is now all set to develop farmhouse colonies as the latest entrant to its real estate kitty. As per the draft policy a farmhouse colony would be a cluster of 20-30 farmhouses, spread over at least 100 acres, each [...] Continue Reading »
Mumbai, Gurgaon and Bangalore have been witnessing steady appreciation in property prices for over four years now. The property prices in Mumbai went up by an average 66 per cent, whereas Gurgaon saw an average rise of 52 per cent closely followed by Bangalore with an average of 46 per cent. Experts believe that the [...] Continue Reading »
