New Delhi
The automated multi level parking was shut down at Sarojini Nagar in Delhi due to a technical default. This problem was cleared on Tuesday and for now the New Delhi Municipal Council (NDMC) officials are running them on trial basis to avoid further problems. NDMC experts say that the parking lot was closed for three [...] Continue Reading »
Worries of economically weaker sections and lower income groups are going to get over in case of housing sector. Delhi Development Authority (DDA) has plans of providing one lakh houses to EWS and LIG group in next three years. If everything goes according to the plan then around one lakh flats will be provided which [...] Continue Reading »
Due to the onset of new regulator for housing society in Delhi, Delhi Development Authority (DDA) could lose its role. The central finance ministry has plans of introducing a new regulator instead of DDA to check housing sector in the city. The ministry is likely to face some resistance from the local authority as the [...] Continue Reading »
An IT SEZ was sold for Rs 810 crore in Pune. The SEZ, jointly hold by DLF Ltd and Hubtown Ltd has been sold to Blackstone, a private equity fund company. Both the real estate developers had stakes in the company with DLF having 67% in it. The SEZ was situated in the Hinjewadi area [...] Continue Reading »
Real estate market has been witnessing a continuous ambiguity First, investors invested in properties leaving no affordable properties for buyers. Now, those nervous investors are selling off the properties below market rates and destroying developers’ sale market. Both buyers and investors are in a puzzled state. In this total confused market, look for properties which are [...] Continue Reading »
During the time when whole of real estate market is witnessing a downward graph, some investors have entered the market as angels. They have showered their blessings on it during its bad phase. The worries of buyers, builders and financiers are coming to an end as investors are setting in to set the market right. [...] Continue Reading »
Banks will now be relieved if the amendments to the Sarfaesi laws is done very soon! Under the proposed amendments in Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (Sarfaesi), banks wil now be allowed to seize the defaulter borrower’s property in any case. They can even buy the asset [...] Continue Reading »
The Delhi civic agency will be taking care of cleaning the underground water tanks in New Delhi Municipal Corporation (NDMC) areas. The NDMC officials have requested the residents to cooperate as the water supply will be stopped over this weekend. The areas like; Bharti Nagar, Harijan Basti, Humayun Road, Delhi High Court, Gold Link, Pandara [...] Continue Reading »
Mahindra Holidays & Resorts has added up another project in its growing list of properties. This time it is in Goa. As the New Year is nearing, Club Mahindra had a sight on the most popular tourist spot in the country. It has recently acquired a 106-rooms property in the city. With this acquisition, the [...] Continue Reading »
Yet another turmoil related to opening of Savitri complex! Due to heavy traffic and congestion problems, representatives from more than thirty Resident Welfare Associations (RWAs) of neighbouring areas are planning on a hunger strike and dharna outside Savitri Complex. The areas include like Greater Kailash, Masjid Moth, Chittaranjan Park This strike is a protest to open the [...] Continue Reading »
