Realty News
Cushman and Wakefield, property consultant, has declared that Connaught Place is the 4th most expensive office locations in the world. It is located in Delhi and well renowned companies are ready to invest in this area. Whereas, in 2011 it was ranked as 5th in the list but the survey of C&W states that the [...] 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 »
At least a 100 illegal houses in an area of 100 acre in the Noida Extension have been razed by the Greater Noida Authority. The authority said that the land belong to the them, hence no permission has been given to build houses in Chipyana village. An official of Greater Noida Authority said that they are [...] Continue Reading »
Due to the extreme climatic conditions, now a days, the trend of wooden house is catching the fancy of many Delhiites, who prefer to live in independent homes. This new trend of wooden cottage houses do not need any clearances from any municipal authority as it is deemed to be a portable and temporary structures [...] Continue Reading »
Recently, the Department of Town and Country Planning (DTCP) has come up with a new rule, stating that the private developers will now have to notify the flat owners and the investors if there is any change expecting in the layout plan of the projects in Gurgaon. This directive will surely bring some transparency in [...] Continue Reading »
After repeated pleas to various authorities to install streetlights in their area fell on deaf ears, the residents of DLF Phase-I are planning to start an online campaign. President of H-Block RWA, DLF Phase-I says that they were trying their level best from past two years to convince every possible concerned departments to install streetlights, but no [...] Continue Reading »
Residents of various labour colonies in Delhi will be given ownership rights as planned by the government, ahead of Assembly elections. The proposal will be forwarded to Delhi cabinet for approval. Around 4,844 houses of four colonies named Nehru Nagar, Giri nagar, Moti Nagar and Vishwakarma, will be made freehold. AK Walia, labour department minister [...] Continue Reading »
New Delhi- DLF, a leading real estate developer of India, has planned to reduce its debts by 50 percent over the next three years. It is likely to achieve this through sale of its non-core assets, fresh equity shares and improved cash flows. Last week, the top executives of DLF had a meeting wherein they [...] 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 »
The residents welfare association (RWA) of Orchid Petals received a stay order from the city court on taking over the maintenance of the entire township until the next hearing date when the builder will file a written submission on the issue. The residents of Orchid Petals complained that while the hearing of the court was [...] Continue Reading »
