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NCR

NCR Planning Board to approve revised plan

NCR Planning Board to approve revised plan
Two meetings were to be held in March and April but were postponed due to intervention of PMO. The NCR Planning Board meeting is planned on Friday. Haryana government and the ministry of environment and forests are holding the first meeting on April 29 to work out the modalities for preparing the geo-reference of “forest [...] Continue Reading »

Delhi Government loses Rs 800 crore

Delhi Government loses Rs 800 crore
The government earned Rs 3,000 crore in the last financial year, while the expectations for revenue were around Rs. 3,800 crore. Faridabad, Sonepat, Ghaziabad, Gurgaon and Noida are offering much economical properties when compared to Delhi. The satellite towns have become popular for middle class buyers looking for buying properties in the NCR.  The market [...] Continue Reading »

NCR office space leasing increases 3 times

NCR office space leasing increases 3 times
In the first quarter of 2014, Office space leasing in the Delhi-NCR region jumped more than three times to nearly 1.5 million sq ft. The prime reason for the increase is due to higher absorption by IT firms in Gurgaon, says a report by property consultant Cushman & Wakefield. Cushman & Wakefield in its latest [...] Continue Reading »

NCR towns in UP, Haryana told to increase forest cover

NCR towns in UP, Haryana told to increase forest cover
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 »

Low sales witnessed in Gurgaon, Mumbai in Q4

Low sales witnessed in Gurgaon, Mumbai in Q4
As per a report by Goldman Sachs, during the fourth quarter of 2013, the volume of residential units sold in Gurgaon and Mumbai has come down by 77 per cent and 45 per cent, respectively. However, by value sales in Bangalore went up six per cent year-on-year, while those in Gurgaon and Mumbai went down [...] Continue Reading »

If purchasing a property, select one before elections are over

If purchasing a property, select one before elections are over
Discounts and offers from real estate developers are common but during this Navaratra the real estate developers are offering huge discounts and flexi payment scheme to attract buyers. The reasons behind this response are that the real estate market is noticing oversupply. As per Cushman and Wakefield there was 12 percent decrease in new launches [...] Continue Reading »

NCR realtors to clear stock this navratri season

NCR realtors to clear stock this navratri season
Gurgaon and Noida realtors this navaratri are concentrating on clearing inventories, moving with their independent strategies. Noida realtors are doling out freebies and discounts to rap up inventories on the other hand Gurgaon developers to expedite sales, are doing every possible effort to meet their project completion deadlines. Some well-known Gurgaon-based players taking up the [...] Continue Reading »

In Jan-March 2014, office space demand decreases

In Jan-March 2014, office space demand decreases
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 »

Prime Asia Development Land Index introduced by Knight Frank

Prime Asia Development Land Index introduced by Knight Frank
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 »

Doon valley prepares for realty rally

Doon valley prepares for realty rally
Uttarakhand has always been among the top destinations on buyer’s wish list and the property market has witnessed a dream run in the past. The recent natural calamities in the state are to an extent responsible for an overall slowdown in the real estate sector. As per the market watchers, there has been an overall [...] Continue Reading »



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