Latest Realty News

Delhi government hopeful of regularizing 1,400 colonies
Jul 19, 2013
DELHI: The Delhi government is now set to steer regularization of over 200 colonies out of the 1,639 colonies that did not have 50% built up area on 2007. According to the 2008 guidelines laid out by the Centre, the colonies were to have 50% built-up area as on 2007 to get a “legal” tag. With the relaxation of norms, the state is hopeful of highlighting almost 1,400 colonies as regularized before the model code of conduct for the assembly polls in declared.
Shrinking farmhouses in Gurgaon
Jul 09, 2013
DELHI: With land becoming dearer in Gurgaon, applications for farmhouses have gone down significantly in recent years.
RWAs in Gurgaon to protest new societies Act
Jul 06, 2013
DELHI: Claiming that the Haryana Registration and Regulation of Societies Act, 2012 goes against the interest of the residents, a group of resident welfare associations is planning to hold a demonstration outside Haryana Bhawan in Delhi on July 4 morning. They say that this Act that has replaced the Societies Registration Act, 1860.
Farmers start agitation in Noida yet again
Jul 05, 2013
DELHI: Farmers have intensified their agitation yet again in the entire Gautam Budh Nagar district halting construction work at around a dozen developers’ sites. Noida farmers stopped construction work in Sectors 74, 79, 112 and 119, vandalized the equipment and even thrashed the labourers. Farmers have declared that they will not allow construction to resume till Noida and Greater Noida authorities honour the Allahabad high court order and give them additional compensation and developed plots.
Finance minister advises public sector banks to cut lending rates
Jul 05, 2013
DELHI: The finance minister said on July 3 that banks have been advised to reduce their base rates and pass on the benefit of policy rate cuts to borrowers to help stimulate growth. FM reviewed the performance of state-run banks and financial institutions against the backdrop of a sluggish economy. The government is keen to boost growth, which has slowed to a decade low of 5% in 2012-13.
Industrialists seek extension of property tax deadline from MCG
Jul 04, 2013
DELHI: The dispute between Gurgaon’s industrialists and the civic agency over the issue of property tax has been brought to the fore once again. The local associations have written to the Municipal Corporation of Gurgaon (MCG) seeking, among other exemptions, an extension on the payment deadline, which was reached on June 30.
Govt eases norms for use of agricultural land for construction activity
Jul 04, 2013
DELHI: Lakhs of people living in rural areas in Delhi will benefit as Delhi Government on July 3 lifted certain restrictions on use of agricultural land for construction activities.
Vertical growth an option where there is scope in Delhi
Jul 03, 2013
DELHI: In less than a week after Delhi chief minister’s claim that she won’t allow Delhi to grow vertically till she is alive, she and the union urban development minister seemed to be on the same page on the issue of allowing highrises in the national capital. However, the CM insisted that green and open places of Delhi must be maintained.
Three more districts enter National Capital Region fold
Jul 03, 2013
MUMBAI: The National Capital Region has undergone another expansion with three more districts – Mahendragarh and Bhiwani (both in Haryana) and Bharatpur (Rajasthan) – added to it on July 1. This brings the number of districts in the NCR to 19, with the total area increasing by 34% to 45,887sq km.
Delhi-NCR key market for office leasing despite weak demand
Jun 27, 2013
DELHI: Demand from multinationals to set up offices in the NCR region has pushed the average transacted rentals. This is despite a weak off-take in office leasing and fewer transactions.
Rental housing: The road ahead
Jun 27, 2013
DELHI: Out of the 1.8 crore new houses built between 2007-2012, owners of over 1.1 crore units in India prefer not to let out the properties fearing that that evicting tenants will be next to impossible. This is primarily because India does not have a rental housing policy with incentives or benefits
Delhi-NCR key market for office leasing despite weak demand
Jun 26, 2013
DELHI: Demand from multinationals to set up offices in the NCR region has pushed the average transacted rentals. This is despite a weak off-take in office leasing and fewer transactions.
Home prices inflated; aggressive lending dangerous
Jun 26, 2013
DELHI: Terming the home prices as highly inflated in the country, including in smaller cities, industry leader Deepak Parekh on June 21 asked builders to focus on affordable housing, rather than luxury homes, and said it is a dangerous thing to lend aggressively to developers.
Buying a property just got a bit more cumbersome
Jun 26, 2013
DELHI: A common saying goes, to know “stress”, organize a person’s marriage or endeavor to build a house. Consider the various factors which affect the decision on the purchase or building of a house, they range from vastu, legal documentation, anticipated appreciation in value and maybe even the whims and fancies of the relatives. Clearly, factors which may cost a common man, seeking to obtain a roof over his head, many a nights sleep. Well, thanks to the Finance Act, 2013, the stress has been
Demand-hit CP still among most expensive office markets
Jun 26, 2013
DELHI: Despite weakening demand for office space Connaught Place (CP) remains the fifth most expensive office market in the world.
Realty check: Major developers too picking up buyers’ interest tab
Jun 25, 2013
DELHI: To clear the stock of unsold homes, real-estate developers are willing to wait for 80 per cent of a property’s cost as long as the buyer is ready to pay 20 per cent upfront.
Change in Greater Noida’s building bylaws to hit plot owners
Jun 25, 2013
DELHI: Landowners in Greater Noida will be hit hard if the Greater Noida Industrial Development Authority (GNIDA) changes its building bylaws as they will either need to build structures on vacant plots or sell them to someone else who will to avoid the plots being confiscated.
Ban on groundwater use hits realty projects in Delhi/NCR
Jun 24, 2013
DELHI: Like the Cyber City Gurgaon, the twin cities of Noida-Greater Noida are also facing huge water shortage after the National Green Tribunal banned extraction of groundwater for construction purposes.
Golf Course Extension Road: The ultimate luxury destination
Jun 22, 2013
DELHI: Over the years, Gurgaon has become synonymous with luxury living. Among the many localities offering high-end properties, Golf Course Extension Road stands out for the number of residential projects overlooking the golf course and state-of-the-art facilities.
Home prices inflated; aggressive lending dangerous: Deepak Parekh
Jun 22, 2013
DELHI: Terming the home prices as highly inflated in the country, including in smaller cities, industry leader Deepak Parekh on Friday asked builders to focus on affordable housing, rather than luxury homes, and said it is a dangerous thing to lend aggressively to developers.
Residential prices surge in sector 76 Noida
Jun 21, 2013
DELHI: In the last four to five months residential values in Sector 76, Noida have shown an upward graph. The capital values in the locality have moved up from approximately Rs 4,700-4,900 per sq ft in the Oct-Dec 2012 to Rs 5,900 per sq ft in the Jan-Mar 2013, the data further revealed.
Focus on high-tech integrated townships
Jun 20, 2013
DELHI: High-tech, integrated residential township projects in metros and Tier I and II cities like the Delhi NCR, Mumbai, Pune, Bangalore, Ahmedabad, Lucknow, Kolkata, Indore, Hyderabad, etc, are promising good returns for prospective buyers and developers.
Opinion divided on housing regulatory bill
Jun 20, 2013
DELHI: The Real Estate (Regulation and Development) Bill, 2013, which seeks to regulate the housing market and protect the interest of homebuyers and developers has been cleared by the Union Cabinet and will be placed in Parliament for its approval.

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