Latest Realty News

DDA holds camp for mutation of property
Feb 18, 2014
DELHI: There was a mixture of hope and scepticism among applicants at DDA’s Lok Shivir, a five-day camp to expedite the process of leasehold to freehold conversion. While some people came out of the camps with conversion deeds in their hands, some complained of insufficient assistance provided by DDA officials at the camp. According to authority officials, 500 applicants turned up at the Shivir on February 17, of whom 378 applicants were issued conversion deeds on the spot. Those who did not get
India Inc's capital costs sail northwards: EY survey
Feb 17, 2014
DELHI: Corporates in India are incurring increased cost of capital unlike the developed world, mainly due to higher interest rates, says a survey.
DLF appoints three new directors
Feb 17, 2014
DELHI: Realtor DLF on Saturday said it has appointed three directors on its board to strengthen its management.
Govt destroying Aravali green cover to push realty: Activists
Feb 17, 2014
DELHI: Environmental activists have alleged large-scale felling of trees in the Aravalis, particularly in Mangar and Roz Ka Gujjar, as the Haryana Government pushes hard to get its revised sub-regional plan approved by the NCR Planning Board. The activists allege the ploy behind clearing of forests is to project that many areas in this region have no vegetation.
DDA to release 21,000 hectares for housing
Feb 17, 2014
DELHI: End users and investors will have great opportunities to buy houses in Delhi at relatively affordable prices. In the last one decade, growth in the National Capital Region (NCR) was mainly driven by the construction activities in the satellite town of Gurgaon and Noida. This was mainly because of unavailability of land in Delhi.
Allotments for 900 plot owners in Gurgaon
Feb 17, 2014
DELHI: The HUDA administrator said the process will begin on February 17 and would go on for a week. Each day a specific plot size will be allotted in the draw. The plots will be given to those who had not been given land in Sector 56-57 due to litigations.
HUDA to fine architects for faulty building plans
Feb 15, 2014
DELHI: Architects, not house owners, will be issued notices if HUDA authorities find violations in building layouts in newly constructed houses within its jurisdiction.
Land allotment rates hiked in Greater Noida
Feb 15, 2014
DELHI: Your dream house in Greater Noida has just got costlier. In its 97th board meeting on February 13, Greater Noida Industrial Development Authority (GNIDA) announced a 10.21% hike in the allotment price across all categories of land in the city. The hike comes into effect from April 1 this year. The authority will soon take out a formal notice.
Investments have an edge along NH-8 in Delhi-NCR
Feb 14, 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 real estate 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.
Build houses on plots or face cancellation of allotment
Feb 13, 2014
NOIDA: With the Noida Authority changing the building bylaws in its board meeting, landowners in the city will have to either construct on vacant plots within two years or sell them to someone else otherwise the property will be confiscated. Official sources said the move to amend the building bylaws is aimed at ridding Noida of encroached vacant plots. As per the amendment, owners will now have to build on 100% area of the allowed Floor Area Ratio (FAR) of plots instead of 50% that was allowed
DLF may not gain much from stake sale in Aman Resorts
Feb 12, 2014
DELHI: The stake sale in Aman Resorts may not have a significant impact on the earnings of real estate developer DLF. Despite several asset sales in the past, DLF's stock has halved in the past one year due to the company's weak operational and financial performance.
Work speeds up on Dwarka Expressway in Delhi
Feb 12, 2014
DELHI: There is good news for investors and end users who bought property along the 18km-long, 150-metre-wide Dwarka Expressway in Gurgaon with the latest estimates saying that the project is likely to be completed by the end of this year.
Home sales bounce back in December quarter, clocks 22% rise in top 6 cities
Feb 12, 2014
DELHI: After several quarters of tepid growth, home sales bounced back in the three months to December with a 22 per cent rise in top six cities, according to property research firm Liases Foras.
Realtors offering 'branded' homes to beat slowdown
Feb 12, 2014
DELHI: Domestic property developers tying up with international designers for residential projects seems to be a trend the country's luxury real estate sector is hooked on. On offer are products ranging from homes based on the Disney theme to Spanish-style living and interiors designed by the likes of Italy's Tonino Lamborghini, Casa and Armani.
DLF may not gain much from stake sale in Aman Resorts
Feb 11, 2014
DELHI: The stake sale in Aman Resorts may not have a significant impact on the earnings of real estate developer DLF. Despite several asset sales in the past, DLF's stock has halved in the past one year due to the company's weak operational and financial performance.
DLF to get Rs 700-crore refund from DDA
Feb 11, 2014
DELHI: Realty major DLFBSE -0.49 % will get a refund of around Rs 700 crore from the Delhi Development Authority (DDA) for returning a 35-acre plot of land it had acquired in 2007 in Dwarka to build a convention centre, a senior company executive said.
Services sector contracts for 7th straight month: PMI
Feb 08, 2014
DELHI: In January, India’s services sector contracted for a seventh consecutive month, showed the HSBC Purchasing Managers’ Index (PMI).
Hinduja group to invest Rs 6,200 crore in India across sectors like real estate and media
Feb 07, 2014
GREATER NOIDA: Looking for opportunities in India despite economic slowdown, diversified Hinduja Group today said it would invest a billion dollars (about Rs 6,200 crore) across sectors like real estate and media.
Realty projects for mid-segment in Delhi-NCR
Feb 07, 2014
DELHI: Mohan Nagar in Ghaziabad is registering aggressive real estate activity owing to the affordable housing options that developers are providing here. Thousands of people who are denied a chance of owning a house in plush locations of the NCR like Delhi, Noida, and Gurgaon are seeking out projects in this area.
Mixed land use policy to soon be implemented in Noida
Feb 07, 2014
DELHI: After an in principle approval of mixed land use policy for specific areas within industrial and residential sectors in November last year, Noida Authority on February 6 held a meeting with residents and entrepreneurs to discuss the issue.
Govt to launch Integrated Processing Development Scheme
Feb 07, 2014
DELHI: To address the environmental issues faced by textile processing units, the government will come out with a new Integrated Processing Development Scheme, Parliament was informed today.
Ghaziabad is the top residential hub of NCR
Feb 06, 2014
DELHI: Ghaziabad is going through a phase of rapid economic growth with huge investments being made in various sectors. Ghaziabad is being touted as one of the fastest growing cities in India with its thriving real estate market being a prime attraction.
Housing Start Up Index launched for 27 cities
Feb 04, 2014
DELHI: There is a declining trend in the construction of housing activities in big cities like Kolkata and Chennai whereas a growth is apparent in small cities like Bhopal and Hubli in the housing sector, according to the Housing Start Up Index.
DDA to raise floor area ratio for hotels by up to 66%
Feb 04, 2014
DELHI: The Delhi Development Authority has decided to increase the cap on total floor area for hotels by up to 66 per cent, DDA vice chairman Balvinder Kumar said on Friday.
6 investment hotspots along Delhi-Jaipur belt
Feb 01, 2014
DELHI: The 250-km stretch between Delhi and Jaipur has become a hotbed for real estate development, with areas like Manesar, Dharuhera, Bhiwadi, Neemrana, Kotputli and Alwar becoming the new catch words for investors.

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