Latest Realty News

Next housing boom to happen in Narela
Sep 24, 2014
Narela could be the next major housing hub in the capital with DDA focusing its resources on developing over 20,000 flats here over the next 2-3 years
Sector 86 building on green belt, sealed
Sep 24, 2014
Future of hundreds of homebuyers in Sector 86 hangs in the balance after Noida Authority and UP police sealed an under-construction 14-storey building
Buyers cry foul as promoter plots close to HT lines unusable
Sep 24, 2014
Buyers of plots at Vatika India Next project in Sector 83 alleged the developer is promoting the project on the basis of an outdated layout plan
Home prices set to zoom as Delhi government hikes circle rates
Sep 23, 2014
Home prices in the capital are set to go up further with Delhi government today hiking the circle rates -- the minimum valuation at which properties have to be registered -- by up to 20 per cent
Lotus Greens to build 4 realty projects; eyes Rs 4,400cr sales
Sep 23, 2014
Real estate firm Lotus Greens Developers today said it will build four new projects in the national capital region with expected sales of Rs 4,400 crore over the next four years
After mega launch of scheme, DDA revises flat rates
Sep 22, 2014
Three weeks after launching its housing scheme, DDA has revised the rates of its flats in Shalimar Bagh and Rohini by 20 per cent
Homebuyers demand written promise of no extra charges
Sep 22, 2014
The Noida Extension Flat Owners Welfare Association (NEFOWA) has written to 26 builders seeking their response on possible extra payments at the time of handover of flats
'GDA notices no deterrent to illegal constructions'
Sep 22, 2014
Despite thousands of notices being issued by the Ghaziabad Development Authority to errant developers, illegal constructions continue to mushroom in various parts of Ghaziabad
South Delhi administration recovers land worth over Rs 100 crore
Sep 22, 2014
In a series of anti-encroachment drives carried out between August and September, the south Delhi administration has retrieved gram sabha land worth more than Rs 100 crore
Parsvnath sells 140 acres of land to Supertech for Rs 665 crore
Sep 21, 2014
Realty firm Parsvnath Developers has sold 140 acre land at Sohna, Gurgaon, to Supertech Ltd for Rs 665 crore as part of plans to divest non-core assets to cut debt and complete ongoing projects
DDA hikes FAR for plots over 750 sq m
Sep 20, 2014
The Delhi Development Authority (DDA) is planning to go to court to allow for an increase in dwelling units in plots of 750 sq m and above
DDA relaxes conversion norms
Sep 19, 2014
In a major relief to property owners in the city, DDA has further liberalized the conversion norms. As per the new rules, even properties without a sanctioned building plan can be converted from leasehold to freehold
Draft Proposal to Make Delhi Buildings 'Green'
Sep 18, 2014
The developers in the national capital will henceforth be required to ensure the setting up of ground water recharge system through rain water harvesting, recycling waste water, sewage treatment plant and solar heating systems in buildings constructed on plots measuring 3,000 sq m or more, according to the guidelines for ‘green’ buildings proposed in Master Plan of Delhi-2021
'Checks can't stop illegal construction'
Sep 18, 2014
Illegal constructions in the city can't be stopped by "inspector raj" even if the court provided 500 policemen to the corporations, South Delhi Municipal Corporation told the Delhi high court
Prohibited zones: Contempt notices to DCs for illegal construction
Sep 18, 2014
The Punjab and Haryana high court issued contempt notices to deputy commissioners (DCs) of Gurgaon and Faridabad and commissioners of the two municipal corporations for their failure to stop illegal construction in the prohibited zones around air force stations in the two cities
DDA to pay Rs 50K for wrongly cancelling flat allotment
Sep 18, 2014
The Delhi Development Authority has been asked to pay Rs 50,000 compensation to a woman over a flat, whose allotment was cancelled, while noting that she was not informed in a proper manner
DDA’s formula for cheaper, quick houses founded on ‘Prefab’
Sep 18, 2014
The promise of cheaper and quick delivery of housing units by the Delhi Development Authority (DDA) under its current housing scheme could be attributed in part to prefabricated technology, commonly referred to as ‘Prefab’.
Green houses may soon get incentives
Sep 17, 2014
Green buildings in Delhi can soon expect incentives for incorporating eco-friendly design features
Homebuyers in HC against gag order
Sep 17, 2014
Stung by angry Facebook posts by unhappy customers, a Delhi-based real estate company got an interim gag order from Delhi high court
DDA amends policy, installing lifts now easier
Sep 16, 2014
Installing lifts at DDA apartment blocks in the capital is set to become easier with the Authority scrapping a clause requiring an affidavit stating that no modifications have been made to the building's terrace
Flat buyers register complaint with minister
Sep 16, 2014
Representatives of NEFOWA (Noida Extension Flat Owners Welfare Association) met Uttar Pradesh urban development minister Azam Khan on Monday and presented him a list of complaints about upcoming real estate projects in Greater Noida and Noida
Triumph for Robert Vadra as Delhi HC rejects PIL for CBI probe into Gurgaon land deals
Sep 16, 2014
The Delhi High Court today dismissed a PIL seeking a court-monitored CBI probe into various land deals allegedly entered into by Robert Vadra's firms
Noida Extn homebuyers protest 'extra charges'
Sep 15, 2014
Hundreds of flat buyers in Gaur City and Gaur City One met under the banner of Noida Extension Flat Owners Welfare Association (NEFOWA) on Sunday to protest the "additional charges" being allegedly charged by the realtor at the time of handing over apartments
19 million sq ft realty space unsold
Sep 15, 2014
The real estate market in Gurgaon has unsold inventory of nearly 19 million square feet, 28% of the total area under development, due to slowdown in demand and a surge in supply, according to the ratings agency, ICRA
Builders to pay more for power infrastructure
Sep 15, 2014
Private builders and developers will now have to pay Rs 10-15 lakh more as bank guarantee for power infrastructure

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