NCR
Mumbai Metropolitan Region (MMR) is the 2nd largest city in terms of stuck housing projects with 92,000 housing units, while NCR (National Capital Region) has 1.76 lakh housing units stuck. Experts assume that the maximum commitment through the government’s Rs 25,000-crore aid can be reached in this region. The city has the capacity to attract [...] Continue Reading »
FDI is changing the face of Indian real estate. And the latest add on to this segment is the investment of StayWell Hospitality Group of Australia who will be investing around USD 20 million in India. This step taking by the group is with a keen eye to spread their wings in India 18 hotels [...] 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 »
The hundreds of crores homebuyers have invested in Noida are safe. The Centre’s draft of the redrawn eco-sensitive zone around the Okhla bird sanctuary doesn’t affect any realty project in the area, a highly placed official in the UP government said on Sunday. T The draft proposes a no-construction zone extending 1.27km from the sanctuary [...] Continue Reading »
Amid speculation that the environment ministry is planning to make NGT a mere advisory body, lawyers, petitioners and even common people are concerned about losing an important instrument of ensuring environmental justice. After the Centre’s decision to replace the planning commission, the ministry may amend National Green Tribunal Act 2010 to strip NGT of its [...] Continue Reading »
Many micro markets in the NCR not only successfully bucked the slowdown trend in the dismal 2013 as far as the sales were concerned, but the prices have also shown appreciation. With revival just around the corner, experts have indicated that there will be a healthy price appreciation in these micromarkets over the next few [...] Continue Reading »
HUDA has finished working on the modalities of its proposed multilevel parking project in Sector 29, which will have a capacity to house 1,300 cars. The tariffs have been decided and the authority will soon float tenders to select a company to construct and operate the parking facility. HUDA executive engineer RS Bishnoi said that [...] Continue Reading »
The real estate arm of HDFC Group, HDFC Property Fund is to invest Rs 700 crore in four residential realty projects coming up in Pune, Bangalore, and NCR. HDFC Property Fund has announced that the investment will be made from its second offshore fund worth $250 million (Rs 1,500 crore) and will be used for [...] Continue Reading »
Post the budget session, one can witness a lot of action in the real estate sector. HDFC Property Fund ‘s (the real estate investment arm of the HDFC Group) decision to invest Rs 700 crore in four residential projects coming up in NCR, Pune and Bangalore is also in sync with that action. A total [...] Continue Reading »
In north India after completing the first phase of Rs 5,000-crore knowledge hub, Kochi Smartcity, by next year, the Dubai-based Tecom will plan a similar project, with an investment to the tune of Rs 10,000 crore. The source said that the first phase comprises a building of 6.5 lakh sq ft built-up area, spread across [...] Continue Reading »
