National Capital Region
During a recent address at the inaugural session of the Conference on Real Estate organized by CII and CREDAI NCR, Karan Bir Singh Sidhu – Joint Secretary of the Union Ministry of Housing and Urban Poverty Alleviation – said that realty growth in the National Capital Region (NCR) will largely be revived as a result [...] Continue Reading »
As per Crisil Research, the Gurgaon Golf Course Extension micro market comprises sectors 49, 50, 55-63 and 65-69. This micro market accounts for 6 percent of the total planned supply in the National Capital Region (NCR). Golf Course Extension has gained prominence owing to easy accessibility to National Highway-8 (Delhi-Jaipur highway) and South Delhi via [...] Continue Reading »
Housing sales dropped by 37 percent in Delhi-NCR to nearly 28,500 units during the first six months of this year due to slowdown in the property market, real estate consultant Knight Frank said today. In the year-ago period, the National Capital Region (NCR) had witnessed sales of 45,300 housing units. Launches of new homes in [...] Continue Reading »
Experts say rents are up because prices went up irrationally in several major markets. It has seen a 15-20 per cent rise in values over the past year across many markets, irrespective of the slowdown in the property sector. While buyers are in a wait and watch mood, the home rental market is headed north. [...] Continue Reading »
In the past few weeks a slew of land deals for property firms in the city have brought in a mixed bag of results. Even as the bigger, cash-rich firms are raking in the moolah, quite a few others in the face of an economic downturn are still struggling with slow sales and delayed projects. [...] Continue Reading »
Essel Financial Advisors and Managers (EFAM), the private equity arm of Essel Finance, is making two real estate-focused funds – a domestic fund of Rs 500 crore and a foreign fund of $200 million (Rs 1,200 crore).The focus of both the funds will be on investing in residential projects in top six cities in the [...] Continue Reading »
For property firms in the city, in the past few weeks a slew of land deals have brought in a mixed bag of results. Though the bigger, cash-rich firms are raking in the moolah, the remaining few others are working hard with slow sales and delayed projects in the face of an economic downturn. By [...] Continue Reading »
The environment ministry has suggested that Uttar Pradesh should increase its forest cover by 500% and Haryana by 400%, in a bid to increase the green cover in the National Capital Region. Over the years, the NCR has witnessed a vast increase in population and depletion of green areas. The ministry of environment and forest [...] Continue Reading »
As per a report, the demand of office space has reduced in the first quarter of 2014 with nearly6.3 million square feet of office space getting absorbed across the major cities of the country as against 6.6 million square feet in January-March 2014 period; showing a decrease of 5 percent. Report also concluded that 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 »
