Realty News
The South Corporation and Delhi Development Authority (DDA) have engaged in a dispute over the fate of farmhouses in the city. Both the agencies are fighting to establish their authority over the properties that will bring Rs 600-1,000 crore into the treasury as convergence fee. The dispute started when DDA passed a proposal to bring [...] Continue Reading »
After the meeting with the group of Central ministers, the draft land acquisition bill for which the farmers protested against was called off. Government allowed to form a committee to look after the demand of the farmers demonstrating in Delhi since long time under the banner of Kishan Khel Mazdoor Mahapanchayat with a definite timelines. [...] Continue Reading »
The estimated amount of Delhi’s gross domestic product (GDP) is Rs 3.65 lakh. Among which services sector, including real estate, hotels, restaurants, banking, insurance, wholesale and retail trade, contributed a whopping Rs 2.98 lakh crore. Despite the slowdown in the economy, the service sector sustained its position as prime driver of the city’s economy. As [...] Continue Reading »
The new monorail project will not only benefit the commuters, but the real estate of Gurgaon and Faridabad will also be impacted. The monorail, connecting Gurgaon to Faridabad, is expected to start in April or May 2013 as the trials are over. This monorail will connect areas like DLF 1, 2, 3, 4 and 5 [...] Continue Reading »
Within the next 3-4 years, Advance India Project will invest Rs 600 crore to build 600 premium residential units in Gurgaon. According to Executive Director of Advance India Projects Ltd (AIPL) Sanjay Sachdeva, they have estimated a budget of Rs 600 which is specifically kept for the development of the new project “The Peaceful Homes” [...] Continue Reading »
The Municipal Corporation of Gurgaon (MCG) took over the water supply service from public health engineering department (PHED). MCG will provide the water supply service from April 1 to all of old Gurgaon. Recently, the PHED and MCG had a meeting regarding this to fine-tune and discuss the process of takeover. The water supply service [...] Continue Reading »
A three-day international conference and exhibition took place in Delhi on ”Good Governance” regarding the challenges of rapid urbanization and expanding cities in order to provide enough space for the rapidly increasing population. The seminar was attended by many stakeholders and city developers from across the world. They shared their views on ways to build [...] Continue Reading »
Gujarat- The real estate industry and the state government is all set to develop large number of affordable residential units in various regions of state. The state government has promised to initiate work for developing 120,000 homes for the poor and homeless people of the state for the year 2013-14. Government has allocated a total [...] Continue Reading »
Noida authority has decided to warn the “defaulter” developers, who have not paid the due amount for the land given to them for development. Noida and Greater Noida home-buyers need to be serious about the issue, as such developers will not be allowed to sublease or register flats in the favour of home-buyers. As per [...] Continue Reading »
Gurgaon is one of the hottest destinations for real estate investors, both end users and investors. The area has always been offering excess option of residential properties. In Gurgaon, the recent demand is increasing for new launches as compared to the ready to move in units. The real estate in Gurgaon is divided into commercial [...] Continue Reading »
