NCR towns
Real estate consultancy firm Cushman & Wakefield have reported that the total new demand for residential dwellings during 2012–16 will be 11.8 million units across India. Of the total demand, top 8 cities will account for 18 per cent or 2.1 million units across categories. NCR is projected to witness the highest demand of 381,000 [...] Continue Reading »
Dharuhera, a satellite town to Delhi, is the new residential destination in the belt. Located 30 km from Gurgaon, Dharuhera has about 70 per cent buyers as end users in FY2013. The buyers are targeting the town due to price advantage and improving infrastructure. A middle income family can get possession of a typical 2BHK, [...] Continue Reading »
Pataudi Road, located in the vicinity of three major highways –Gurgaon Expressway (NH-8),the upcoming Kundli-Manesar-Palwal (KMP) Expressway and the Dwarka Expressway, is on route to become a residential hub in NCR. A part of the 2021 Gurgaon-Manesar Master Plan, Pataudi Road offers affordable prices at present and the increase in demand is set to push [...] Continue Reading »
The residential real estate index prepared by the National Housing Bank (NHB), the housing prices in 16 cities including Delhi, Mumbai, Chennai, Bangalore, Pune, and Kolkata improved in the quarter ending June 2012, compared to the previous quarter ending March 2012. The prices of residential properties in 16 cities have shown an increasing trend in [...] Continue Reading »
Volume of home sales dropped in most micro markets across the country in the first quarter of the year. An Edelweiss research report states that home sales dropped the most in NCR, followed by Chennai and Hyderabad. Most developers across the country reported a seasonal decline. Revenues of 13 listed real estate firms declined by [...] Continue Reading »
Property buyers in Gurgaon and Faridabad may have to fork out an extra ‘charge’ with Haryana deciding to levy an infrastructure augmentation charge on developers.The state assembly passed the Haryana Development and Regulation of Urban Areas (Amendment) Bill, 2010 on Tuesday.The amendment enables private developers to get full and partial completion certificates for projects. The [...] Continue Reading »
