National Capital Region
Investment in the real estate sector has decreased due to the political uncertainties, elections and due to changes in the regulatory framework. As Mumbai continues to suffer the most, the 2014 situation of National Capital Region (NCR) of Delhi and Bengaluru is still better, comparatively. In 2013, investments in land witnessed 61 per cent decrease [...] Continue Reading »
IL&FS Engineering and Construction Company Limited have received a Letter of Intent (LoI) from Ireo Private Limited for construction of its luxury residential project ‘Gurgaon Hills’ located at Sec-02, Gurgaon, Haryana. The Rs 175.80-crore contract is to be completed in 39 months. The ‘Gurgoan Hills’ luxury residential project has Six Towers (20 to 26 Storey) [...] Continue Reading »
Dwarka Expressway has emerged as one of the most famous real estate destinations in the National Capital Region (NCR).The project was to be completed in March 2012 but because of land acquisition issues the project was delayed. The builders who involved in this project played a vital role in accelerating the development process and ensuring [...] Continue Reading »
Shalimar group is focusing to invest Rs 1,200 crore in its two housing projects in Lucknow. Mr. Khalid Masood, Director of Shalimar Group says that the two projects collectively spread over 275 acres. The company also announced the new project Garden Bay, which spread over 75 acres on Sitapur-Hardoi Road and costing around Rs 200 [...] Continue Reading »
It has been learnt that the real estate development business of the Mahindra Group, Mahindra Lifespace Developers, has bought a 12-acre land parcel for Rs 472 crore in Gurgaon from the private equity fund Ireo. Responding to a query, Mumbai based Mahindra Lifespace Developers said, “The project is to be developed by the joint venture [...] Continue Reading »
In one of the first real estate sentiment indices, Industry body FICCI and residential and commercial property consultancy, Knight Frank India have concluded an overall negative sentiment for realty across all zones including the National Capital Region (NCR) and Mumbai Metropolitan Region (MMR). The index further cited that the mood have got worse than what it was in the last [...] 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 »
According to real estate expert, home buyers are entering the market after a long wait for price correction in real estate. Moreover builders have also started to negotiate at lower price and even there are lot of transactions happening in secondary market A recent statement by financial firm said that discounts and new launches offered [...] Continue Reading »
Sohna Road, which has been witnessing development only since last decade, has now transformed into a prime destination for residential as well as commercial real estate. Sohna Road has found its place among the fastest growing stretches in the National Capital Region (NCR). With many realty biggies investing in this stretch, Sohna Road has become [...] Continue Reading »
The Delhi Jal Board has considered the importance of getting additional water for the National Capital Region after the environmentalists have demanded a fresh environment impact assessment (EIA) with the Lakhwar (of the Lakhwar-Vyasi) project in Uttarakhand. They have also demanded that no dam should be constructed on Yamuna River and the Yamuna basin to [...] Continue Reading »
