Latest Realty News

Mall space availability to rise to over 95 mn sq ft in 2015
Dec 27, 2013
MUMBAI: Total mall space availability across seven top cities is expected to increase by almost 26 per cent to 95.7 million square feet by 2015, a recent survey said.
Selling your old flat to buy new property? Few things to know
Dec 17, 2013
DELHI: Sanjay Dhule is keen to sell the old flat he inherited from his parents and buy a new one in the same city. He has realised that not only is it difficult to get a buyer for the old flat, but the cost of the new one is also high. He will have to put in his own money as well, but is unsure about completing both the sale and purchase transactions seamlessly. He is also worrying about the costs and taxes that may be applicable to him. How should he manage this?
East Corporation moots hike in property tax
Dec 10, 2013
DELHI: East Delhi Municipal Corporation Commissioner's second annual budget speech read almost the same as the last with not much to offer. He proposed an increase in property tax (50 percent increase in base unit area value) and four new taxes.
Rapid Metro in Gurgaon pushes up realty prices
Nov 16, 2013
DELHI: The Rapid Metro in Gurgaon will be a boon for the residents of MG Road, DLF Phase II and III. It will also add sheen to the commercial properties in DLF Cyber City.
Curbs on land registry in 42 villages in NCR
Nov 16, 2013
DELHI: The district administration has been told not to register land in 42 villages, including some located in Pataudi, where illegal colonies have sprung up in violation of the Directorate of Town and Country Planning (DTCP) regulations.
Gurgaon makes CCTVs mandatory for housing societies
Nov 08, 2013
DELHI: The Gurgaon administration on 7th November made it mandatory for housing societies in the district to install CCTV cameras.
Noida to become luxury private residence hub in North India
Nov 08, 2013
DELHI: Noida real estate market touched a new high after worldwide luxury hospitality giant Four Seasons launched its private residences by Four Seasons at mix land-use property in Delhi One with a cost of Rs 3,500 crore.
New industrial policy fixes time for setting up units
Sep 19, 2013
DELHI: The Noida Authority has decided to do away with a policy that provided industrial plot allottees extended periods for setting up functional units. This clause allowed allottees to pay insignificant amounts as penalties in lieu of delay in running units. The move is expected to put industrial development on the fast track.
Greater Noida industries seek interest waiver
Sep 18, 2013
DELHI: Given the slowdown in themanufacturing sector, several industries in Greater Noida, which have not been able to pay lease rents against their plots for the past few months have demanded a waiver of interest amounts. Industrial associations of Gautam Budh Nagar district, led by Noida Entrepreneurs’ Association (NEA), have asked the Greater Noida Authority to introduce a time-bound interest-free rent payment scheme.
Freehold rights in 45 resettlement Delhi colonies
Sep 11, 2013
DELHI: The Delhi Government will grant freehold rights on September 10 to residents of 45 resettlement colonies which were developed almost 50 years ago.
Delhi Master Plan-2021 will unlock a new wave of urbanization
Sep 03, 2013
DELHI: Delhi may soon see a flurry of real estate activities. A path-breaking policy, which has been incorporated in Delhi Master Plan-2021, will make available around 21,000 hectares of land for residential purposes and around 2,073 hectare for commercial activities in the periphery of the existing city.
Property fraud cases to now get solved easily in Noida
Sep 02, 2013
DELHI: From now on, cases of forgery related to registration of land and property in Gautam Budh Nagar can be resolved at the department of stamps and registration in Noida. Earlier, complainants had to move various courts to adjudicate these matters, which often stretched on for several years owing to pendency of cases.
Building curbs in NCR forests set to go
Sep 02, 2013
DELHI: In a move that could deal a body blow to threatened forests and water bodies in the National Capital Region, Haryana government has successfully got restrictions on construction activity in ‘conservation zones’ deleted from the revised NCR regional plan, which is now in the final stages of getting notified.
Infrastructure developments are pushing Ghaziabad’s realty growth
Aug 30, 2013
DELHI: Ghaziabad’s master plan has provided for the construction of world-class infrastructure in this area, turning this fast-developing city into one of the most preferred locations in the Delhi NCR.
RNE is fast developing area for affordable housing in Delhi-NCR
Aug 29, 2013
DELHI: After Greater Noida West (Noida Extension), Raj Nagar Extension (RNE) on NH-58, under the jurisdiction of Ghaziabad, is developing as one of the most affordable destinations for middle-class homebuyers.
Two months hence, Gurgaon govt yet to revise house tax
Aug 29, 2013
DELHI: Weeks past the deadline now, the property tax revision scheme – being prepared by a special committee constituted by the state government – is yet to be implemented. According to officials of the Municipal Corporation of Gurgaon, there haven’t yet been any updates from the authorities on this matter, and no clarity on whether a timeline is going to be followed at all.
Meerut on its way to becoming strategic realty destination
Aug 28, 2013
DELHI: Meerut has a lot of land for development and is fast turning into a strategic real estate destination for realty players and buyers. As real estate prices have gone through the roof in other NCR regions like Noida, Gurgaon, and Ghaziabad, Meerut’s realty market has shaped up as an ideal destination that is not only catering to the increasing housing demand, but also maintaining the prices within affordable limits.
Property prices up by 15 per cent in Delhi-NCR
Aug 23, 2013
DELHI: Property prices have increased by an average 15 per cent in the Delhi-NCR during Apri-June quarter of this fiscal against the year-ago period, according to a report.
MP-2031: Gurgaon-Manesar to house 21 lakh more people
Aug 23, 2013
DELHI: Gurgaon-Manesar is one of the fastest growing cities in the country. The new Master Plan-2031, which merged Gurgaon and Manesar, expands the existing city to create more residential property units, social infrastructure like schools, hospitals, playgrounds, and physical infrastructure.
Over 4,780 acres of DDA land has been encroached upon
Aug 23, 2013
DELHI: Over 4,780 acres of land belonging to Delhi Development Authority ( DDA) has been encroached upon in the national capital, the government said on August 22.
40 builders apply for licence in Gurgaon
Aug 22, 2013
DELHI: On the first day of the notification of the affordable housing policy in Haryana, 40 applications of different developers have been received for launching the project in Gurgaon.
Now, 1 BHK for just Rs 20 lakh in Gurgaon
Aug 22, 2013
DELHI: Low-cost housing in Gurgaon might sound incongruous, given the sky-high prices of apartments but the Haryana government has baby-stepped towards the concept by launching a new affordable housing policy recently.
New master plan for Gurgaon will unlock more realty areas
Aug 22, 2013
DELHI: The new Master Plan-2031 of Gurgaon-Manesar Urban Complex will bring in more areas for infrastructural development. The new plan is a boon for the realty sector as it has given more room for planned development of residential and commercial setups. In the new plan, the land reserved for special economic zones has been annulled and this land will now be allotted to builders for housing projects, malls, hotels, and office complexes.
MCD waives penalty, interest to recover property tax dues
Aug 22, 2013
DELHI: With MCD property tax worth crores of rupees due against various government and private organisations, the civic body has now offered immunity till November 30, waiving penalty and interest on payments under a new settlement scheme to benefit thousands of residents.
Height of houses on Delhi Development Authority’s agenda
Aug 21, 2013
DELHI: Delhi Development Authority is expected to review its proposal for an increase in height by 2.5 metres of residential houses to allow for stilt parking in its meeting on August 19.

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