India real estate
According to a recent report by Knight Frank India, India Real Estate Outlook (January–June 2014), Pune emerged as the most affordable city among six cities in 2014. The city saw 83 % of new launches below the ticket size of Rs.50 lakh. Affordable housing is picking up in the city. Similarly, 75 % and 62 % [...] Continue Reading »
Canada Pension Plan Investment Board (CPPIB) and Piramal Enterprises have equally invested in a $500-million fund to finance residential property projects in India. The venture will focus on providing project-level debt to local developers for residential developments in Mumbai, Delhi NCR, Bangalore, Pune and Chennai. These cities have good civic infrastructure, strong employment and population [...] Continue Reading »
Gurgaon is witnessing high demand for home automation. The factors behind this high demand are new product offerings, greater influx of end-user demand and an increasing upwardly-mobile mid-segment, luxury and ultra-luxury housing projects. City-based home automation companies have witnessed over a 100 percent rise in their business in the past three years and are betting [...] Continue Reading »
Paying guest hostels running in plotted colonies in Gurgaon are surveyed by the Enforcement Branch of the Department of town and Country Planning. A senior DTCP official said that PG hostels are running illegally as no commercial activities are allowed in plotted colonies of Gurgaon. The owners usually rent the house for most PG hostels. [...] Continue Reading »
Delhi-NCR to get its first world trade center at Spire Edge in Manesar. This is an integrated 1.6 million sq.ft mixed use IT/ITeS development. WTC Manesar ‘s Senior General Manager, Khair Ull Nissa commented that Spire Edge has undergone a lot of painstaking assessment conducted by World Trade Centers Association (WTCA), to get tagged as WTC. [...] Continue Reading »
The finance ministry says that the Reserve Bank should allow the real estate companies and the broking firms to set up their own banks as adequate safeguard will be there to prevent the exposure of the promoters to the related entities. As per the sources, the firewall has been proposed to avoid undue influence of [...] Continue Reading »
The state telecom Mahanagar Telephone Nigam (MTNL) has mandated a consortium led by the global real advisory firm DTZ to unlock roughly Rs 5000 crore from the land holdings in Mumbai and Delhi. The company also said that the land can be given for sale, lease and redevelopment through public-private partnership as a part of [...] Continue Reading »
Though, there are over million searches conducted by people online for properties in India, only a few actually end up buying. Instigated by this internet searches, housing finance companies and real estate developers are putting their full efforts to convert existing business models according to buyers’ preferences in the dull realty market. Data collected by [...] Continue Reading »
Delhi: Rohini Sector 9 is becoming a hot investment place due to the connectivity with the other parts of the city and easy access to schools, colleges and offices. Rohini Sector 9 properties have become the upmarket investment sector in Delhi which pushed the price of the properties and hence multi-storey apartments in Rohini Sector-9 [...] Continue Reading »
Haryana Housing board is coming up with 10,000 house and flats which will cost around Rs 500 crore. Deepender Singh Hooda MP from Rohtak, said the residential colony would be developed by Housing Board at Jind road in Rohtak on 23rd December. Around 878 flats with 686 multi-story houses of different categories would be constructed [...] Continue Reading »
