Real estate in India
As assembly poll is approaching closer, Delhi government is planning to freeze all the sealing and demolition of residential and commercial properties in the city. Under the supervision of Shiela Dixit, this particular topic was raised and discussed very recently. According to sources, CM does not want to carry on such action now in the [...] Continue Reading »
Supertech, north India based real estate developer, is planning to expand the existing business, which will involve a whopping Rs. 2000 crore investment. They have new projects to launch and also undertaking a new project involving education. The firm is planning to come up with a university of their own in Uttrakhand, and also is [...] Continue Reading »
The construction sector in the past 2-3 years has been witnessing order inflows with land acquisition and policy paralysis issues being the key factors. It is expected that the upcoming Budget will usher in solutions in terms of allocation across segments like roads, urban infra, irrigation, power and so on. The realty industry expects that [...] Continue Reading »
Delhi Development Authority (DDA) was asked by the Delhi High Court to immediately inquire about the “illegal” sale or purchase of residential plots that has been allotted as per the scheme of large-scale acquisition, development and disposal of land. A bench heading by Chief Justice D Murugesan has asked the Vice-Chairman of the DDA to [...] Continue Reading »
Bangalore- The Indian Property Show which will be held at an exhibition in Doha this month will have the presence of more than 50 realty players who will showcase their properties. These properties will also include luxury housing and commercial spaces. Indian Property Show consists of realty developers, banks, real estate agents and the exhibition organizers [...] Continue Reading »
The government is to consider giving infrastructure status to the housing sector in order to provide affordable housing to the financially weaker section. A senior official from Housing and Urban Poverty Alleviation (HUPA) said, the proposal has already been taken up with the Finance Ministry and the Reserve Bank of India, and is expecting a [...] Continue Reading »
Environmental Clearance (EC), mandatory as per court order, made all construction work at Greater Noida region into a halt. The plots less than 20,000 square metrs are also included in the order criteria. State officials feels, developers are confused about the exact procedure; hence they have stopped the activity. Many projects in the region is [...] Continue Reading »
New Delhi- Many real estate developers across India have witnessed upward slope of their profit line in the quarter of October-December 2012. There is a significant rise in property sales and customer enquiries for real estate projects in India which has resulted in increasing profits of developers. Real estate analysts observe that the sluggishness of [...] Continue Reading »
Delhi- Focusing towards the requirement of the middle class buyers, the upcoming budget is likely to give a boost to the affordable housing sector. The government’s main intention will be to push the number of homes with price tags around Rs 20 lakh. It can be achieved through offering incentives like tax breaks, easy loans, [...] Continue Reading »
Many projects of Sahara Group of Companies are under the freeze due to the actions by the Securities and Exchange Board of India (Sebi). The order by Sebi is based on an affidavit filed on behalf of Sahara India Real Estate Corporation and Sahara Housing Investment Corporation to the Supreme Court and in the document [...] Continue Reading »
