New Delhi
Most residential colonies in Delhi and NCR are getting cramped gradually as service lanes on both sides are often packed with vehicles. The problem has grown bigger due to the rising culture of builder flats and as increasing number of families these days are buying cars for individual use, there is severe parking crunch. Colonies [...] Continue Reading »
DLF, the country’s biggest real estate developer, has been on the road to sell off its non-core assets for few months now. On Tuesday the developers revealed that it expected to close sale of three non-core assets, which will cut its debt by about 5,000 crore, by the end of the current fiscal. The sell-off [...] Continue Reading »
The government is to take final decision on whether a lookalike of the Parliament building to be constructed near it. The decision will be based on the recommendations of a top parliamentary panel comprising Urban development minister Kamal Nath, parliamentary affairs minister Pawan Bansal, some prominent parliamentarians and leaders of opposition. The move gathered momentum [...] Continue Reading »
India’s economic slowdown is reflected in the realty sector in the last few months. Asia’s third-largest economy is growing at its slowest pace in nine years and slow consumer expenditure has hit the retail market and the mushrooming malls. Real estate prices and construction costs are rising but the retail business is not growing enough [...] Continue Reading »
As prices in metros begin to stagnate due to low demand, the suburban areas have seen substantial growth. Investors are moving to the outskirts for better returns in the recent past. Mumbai and New Delhi residential real estate prices have stagnated in the past year. However, as per the reports of 99acres.com, in NCR and [...] Continue Reading »
Delhi High Court today asked the Centre and the Delhi Development Authority (DDA) to resolve the dispute of alleged extra flats built in the Commonwealth Games village. Due to unresolved issues between the builder and DDA, buyers have not been able to move into the flats. The flats were built by real estate major Emaar [...] Continue Reading »
Owing to liquidity crisis with its developer, DS Construction, Kundli-Manesar-Palwal Expressway (KMPE) has missed several time limits. Its recent deadline has been set to May 2013 by state governments of Haryana and Delhi after resolving the financial level of the developer. The delay in the project has disappointed many entrepreneurs and realtors who were betting [...] Continue Reading »
Police are furious with the Bruhat Bangalore Mahanagara Palike’s (BBMP) plans to construct a Palike Bazaar and an underground parking lot at Freedom Park. Police have been allowing protests, demonstrations and large gatherings at Freedom Park as they fear the proposed projects at Freedom Park will result in an acute space crunch. A police officer [...] Continue Reading »
Due to an increase in property prices and poor salary increments, home sales witnessed a slump in New Delhi. Manas Tripathi, an executive at a Delhi-based car company, said since property prices have gone up and only 5 per cent of increment in salary, he is not able to take a huge housing loan. He [...] Continue Reading »
Over 1,200 colonies were given the provisional regularization certificates in the year 2008. The Delhi government is now planning to announce about the relief being provided to the residents of the unauthorized colonies. The Group of Ministers (GoM), which was formed last year to provide relief and to develop the colonies, has made several recommendations [...] Continue Reading »
