Latest Realty News

Demand for houses declines in Q3
Mar 28, 2014
DELHI: The slowdown in economy coupled with rise in interest rates and uncertain job prospects has hit the demand for real estate. In the third quarter of 2013-14, sales volumes declined 43% to 11.8 million sq ft from 21.9 million sq. ft in the same period last year, says a study by Knight Frank. Despite this, study says, the annual rise in prices of residential units in the last eight quarters is around 10%.
Election cash call puts strain on construction, real estate
Mar 28, 2014
DELHI: As India's mammoth general election approaches, jackhammer drills are quietening down at construction sites and earthmovers and cranes remain parked.
Mishra, wife ride high on real estate boom
Mar 22, 2014
DELHI: West Delhi MP Mahabal Mishra seems to have gained the most from the city's real estate boom. In the past five years, there has been an exponential increase in Mishra's and his wife's assets. Their immovable belongings, which were valued at Rs 2.75 crore in 2009, are worth Rs 33.46 crore today.
Circle rate & market rate: All you need to know
Mar 19, 2014
DELHI: Circle rate is the minimum value at which the sale or transfer of a plot, built-up house, apartment or a commercial property can take place. Market price is the value of such an asset for a transaction between a seller and buyer which is done at an arm length’s principle – with the price determined by the market forces of supply and demand.
Jung plans facelift operation for DDA
Mar 15, 2014
DELHI: A thorough restructuring is in store for the Delhi Development Authority. According to information issued by Delhi LG’s office, an exercise will be carried out “not just to revamp the DDA but to equip it with modern processes to enhance its efficiency.”
‘Millennium City’ Gurgaon comes a long way
Mar 14, 2014
DELHI: As Delhi slips from the reach of property buyers, Gurgaon emerged as a hot destination, providing world-class infrastructure and better connectivity. In the National Capital Region (NCR) Gurgaon saw immense growth. After witnessing a spurt in commercial and residential properties, Gurgaon has come a long way.
Developers pushed for tourism in Aravalis
Mar 14, 2014
DELHI: The minutes of an NCR Planning Board committee meeting to consider changes in the regional plan reveal how hard Haryana pushed for opening up the state’s fragile conservation zones, such as the Aravalis, for tourism.
Election code of conduct hits realty firms
Mar 13, 2014
DELHI: Real estate developers say they are facing cost escalation on several residential projects across cities as officials are holding back routine approvals citing the election code of conduct.
Jung plans facelift operation for DDA
Mar 13, 2014
DELHI: A thorough restructuring is in store for the Delhi Development Authority. According to information issued by Delhi LG’s office, an exercise will be carried out “not just to revamp the DDA but to equip it with modern processes to enhance its efficiency.”
NH8 – A viable investment corridor
Mar 13, 2014
DELHI: National Highway 8 has been playing a crucial role in catering to the people coming from all corners of the country by facilitating the growth of commercial and residential investments along this stretch. Realty projects under construction along NH-8 cover a stretch of 15km through Haryana and present multiple options for investors in search of early-bird investment opportunities.
Infrastructural development boosting growth of Greater Noida
Mar 12, 2014
DELHI: With a lot of world-class infrastructure in place, many experts are now saying that Greater Noida has surpassed the developments in other NCR cities like Gurgaon and Faridabad
Real-estate companies' ponzi scam worth over Rs 45,000 crore: CBI
Mar 12, 2014
DELHI: CBI claimed the documents recovered by it during searches at the premises of Delhi-based business groups PACL and PGF show they allegedly used ponzi scheme to cheat nearly five crore investors of Rs 45,0000 crore.
Sohna Road: An attractive residential destination
Mar 12, 2014
DELHI: With a large number of residential projects completed or nearing completion, and many office complexes already occupied by leading companies, Sohna Road in Gurgaon has emerged as an attractive residential destination for end users and long term investors.
Prime real estate hubs in Delhi-NCR
Mar 12, 2014
DELHI: The attractiveness of real estate in recent years as an asset class has been further augmented owing to increasing demand for more and better-quality housing, additional office space requirement owing to expansion and consolidation by several corporates, and the advent of modern retail formats.
JLL fortifies leadership in Delhi NCR, Chennai
Mar 12, 2014
GURGAON:: International property consultancy JLL (Jones Lang LaSalle) has announced a major realignment in the leadership team for its Delhi NCR and Chennai businesses. The move will further strengthen the company’s position with regards to its established businesses in Delhi NCR and South India.
Luxury hotels hardsell suites to boost occupancy in slowdown
Mar 11, 2014
DELHI: In the spring of 2013, when managers at East India Hotels were grappling with dwindling footfalls at their Oberoi hotels, someone came up with an idea: at their 100-odd pricy suites across India, tariffs would remain the same, but they would add weekend gateways, extra hours to check-out, luxury car pick-ups, free internet access and white-gloved butler service.
CHD Developers buys 10.5 acres of land in Gurgaon for Rs 300 crore
Mar 10, 2014
DELHI: Realty firm CHD Developers has bought 10.5 acres of land in Gurgaon for about Rs 300 crore to develop a housing project.
India needs to make tax policies transparent: US
Mar 10, 2014
DELHI: The US government has criticised the “lack of transparency in Indian tax policies”, the insistence on compulsory local manufacturing in more than one sector and lack of protection of intellectual property rights (IPR).
DLF again under competition watchdog's lens
Mar 08, 2014
MUMBAI: Real estate major DLF is once again being investigated by the Competition Commission of India (CCI) for allegedly misusing its dominant position in the market by drafting a one-sided agreement with the buyers of flats in its New Town Heights project in Gurgaon.
Tata Housing sells 250 flats for Rs 100 cr via online campaign
Mar 07, 2014
DELHI: Tata Housing today said it has sold 250 flats worth about Rs 100 crore in five housing projects during its four-day online campaign, despite a slowdown in the property market.
Mumbai slips in list of most expensive rental accommodation
Mar 07, 2014
DELHI: Mumbai has slipped to 28th position in the list of world's most expensive locations for high-end rental apartments sought by expats but it still remains the costliest city in India, according to HR consultant ECA International.
Tata Housing to invest Rs 1,200 cr in retirement homes
Mar 04, 2014
DELHI: Tata Housing today said it will invest Rs 1,200 crore over the next five years on developing 13 housing projects for senior citizens.
Delhi Wakf Board to get 123 properties
Mar 04, 2014
DELHI: Delhi Wakf Board will soon get 123 properties including many in prime localities such as Janpath, Babar Road, Mathura Road, Pandara Road, Ashoka Road and Parliament Street following a decision by the Union cabinet. The properties include mosques, dargahs and graveyards.
Greater Noida West brings opportunity for retail buyers
Mar 01, 2014
DELHI: Commercial property has always been considered a huge investment and preferably a deal made for corporate houses, MNCs, big and foreign investors. Retail players or small buyers always find it too expensive due to location, size and cost. They can hardly get a small office space so they prefer to rent a small office space to run their operations. But for the first time in the NCR, Greater Noida West is offering opportunity for retail and small buyers too. Multiple projects are offering no
HDFC Mutual Fund to raise Rs 1,500 crore for real estate
Mar 01, 2014
MUMBAI|BANGALORE: HDFC Mutual Fund plans to raise up to Rs 1,500 crore for real estate through a newly-formed category — alternative investment funds (AIF). According to two persons familiar with the matter, the asset management company will raise the money through a new division that is likely to be called HDFC AIF.

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