Indian real estate
A report by Knight Frank Research has found that Technical Group on the Estimation of Housing Shortage has claimed that India has shortage in fresh supply of properties and the number has gone up to 18.78 million in 2012. The slum population is approximated at 94.98 million in 2012 which is more as against mere 1.6 million [...] Continue Reading »
Logix Group has launched its first residential project “Blossom County”, which comprises of 2,3,and 4 BHK apartments in Noida sector 137. The project has penthouses along with residential apartments and spread across an area of 25 acres. The project follows the concept of ‘Green Homes’ and has been designed by world famous architects. It provides [...] Continue Reading »
Real estate firm Unitech had to put a halt on their construction work at the site of its luxury project, Nirvana South Close, worth around Rs 250 crore, in Gurgaon following an order from a district court. The court ordered stay on construction work as the apartment owners’ association went to court with regard to [...] Continue Reading »
Omaxe, a realty firm, has witnessed a rise of a 34% in their sales booking at Rs. 1574 crore in the initial nine months of the this financial year with higher quantity and improvised realisation. According to an analyst, Omaxe has reached sales bookings of Rs. 1574 crore during April-December of 2012-13 financial year compared [...] Continue Reading »
As assembly poll is approaching closer, Delhi government is planning to freeze all the sealing and demolition of residential and commercial properties in the city. Under the supervision of Shiela Dixit, this particular topic was raised and discussed very recently. According to sources, CM does not want to carry on such action now in the [...] Continue Reading »
Supertech, north India based real estate developer, is planning to expand the existing business, which will involve a whopping Rs. 2000 crore investment. They have new projects to launch and also undertaking a new project involving education. The firm is planning to come up with a university of their own in Uttrakhand, and also is [...] Continue Reading »
Paras Buildtech India Pvt Ltd is coming up with its new affordable housing project, ‘Paras Seasons’ at Sector 168 in Noida, after their successful launch of the well-known residential project ‘Paras Tierea’ in sector 137 Noida. The project offers 3 BHK apartments and additional will be servant room and utility rooms. Flats of 1165 sq [...] Continue Reading »
Delhi Development Authority (DDA) was asked by the Delhi High Court to immediately inquire about the “illegal” sale or purchase of residential plots that has been allotted as per the scheme of large-scale acquisition, development and disposal of land. A bench heading by Chief Justice D Murugesan has asked the Vice-Chairman of the DDA to [...] Continue Reading »
Cushman and Wakefield, property consultant, has declared that Connaught Place is the 4th most expensive office locations in the world. It is located in Delhi and well renowned companies are ready to invest in this area. Whereas, in 2011 it was ranked as 5th in the list but the survey of C&W states that the [...] Continue Reading »
The government is to consider giving infrastructure status to the housing sector in order to provide affordable housing to the financially weaker section. A senior official from Housing and Urban Poverty Alleviation (HUPA) said, the proposal has already been taken up with the Finance Ministry and the Reserve Bank of India, and is expecting a [...] Continue Reading »
