Real estate Delhi
The finance ministry says that the Reserve Bank should allow the real estate companies and the broking firms to set up their own banks as adequate safeguard will be there to prevent the exposure of the promoters to the related entities. As per the sources, the firewall has been proposed to avoid undue influence of [...] Continue Reading »
A new government residential colony is coming up in Ghitorni, South Delhi. This colony will have at least 5000 flats and 3000 servant quarters. As per Central Public Works Department, the complex will come up on at least 250 acres. This project in south Delhi will have residential complexes for the employees from the rank [...] Continue Reading »
Delhi- Noida has been witnessing an increased number of illegal colonizers who are encroaching the land and selling the unauthorized plots to the buyers. The Sector 75 has quite a number of lands which are being sold by the land mafia. Despite the Noida Authority being completely aware of such illegal professions, there has been seldom action [...] Continue Reading »
Unitech, a New Delhi-based real estate developer, has expressed apprehension about various regulatory measures to be taken up to regulate real estate industry. He stated that various bills related to land and real estate sector may impact the sector’s growth if proper balance is not maintained between the various stakeholders’ interests. Land Acquisition, Rehabilitation and [...] Continue Reading »
As per records, Morgan Stanley, the US-based investment bank, is in the process to buy real estate firm DLF’s wind power business. It shows the bank’s heightened private equity interest in renewable assets. Morgan Stanley is keen on buying DLF’s business to consolidate wind power assets in India. DLF’s wind power business was put on [...] Continue Reading »
The US government has hired property consultancy Knight Frank to carry out a valuation and review of all its real estate properties in India. The properties, valued at thousands of crores, were acquired over the years at low rates and the recent move may indicate possible sale of some assets in the future. The properties [...] 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 »
Gurgaon, Ghaziabad, Noida and Greater Noida have developed beyond any comparison in the last few years. Realtors have expressed that the construction have been extra ordinary in Noida, which happened to have lots of barren agricultural land till few years back. Being a low lying area, Noida was never a suitable place for farming and [...] Continue Reading »
Chief Minister Sheila Dikshit accused BJP-ruled North Delhi Municipal Corporation of not taking proper action to stop construction of a mosque at Subhash Park in Central Delhi which led to violence in the area. Remains of a Mughal-era mosque were discovered near Jama Masjid recently during construction work and locals led by MLA Shoib Iqbal [...] Continue Reading »
Municipal Corporation of Delhi (MCD) on Thursday demolished illegal portions of 29 properties in south Delhi. Continuing its drive against encroachment, 29 properties were razed in localities such as Satyaniketan, Malviya Nagar, Chhatarpur Extension, Chhatarpur Enclave and other areas of under its jurisdiction. After demolition, a report of these properties was sent to the discoms [...] Continue Reading »
