Latest Realty News

DDA okays draft land pooling policy
Feb 01, 2014
DELHI: The real estate potential of about 70,000 acres in outer Delhi locations like Mehrauli, Bijwasan, Chhatarpur and Ghitorni came one step closer to realization with DDA board of directors approving draft regulations of land pooling policy in their last meeting.
Brokers in NCR region integrate to grow in relevance
Jan 31, 2014
DELHI: A large number of Delhi-NCR based small real estate brokers are joining popular platforms to get a wider bottom-up reach. While these big platforms are educating the nuances of modern day practices adopted by the industry to small brokers, apart from giving them the brand value, the former too is benefiting by getting more penetration into the micro markets. Experts believe that adopting technology and remaining connected is the only way out, working in isolation would make them obsolet
New directive from apex court on Greater Noida West
Jan 30, 2014
DELHI: In a recent hearing in the land-acquisition case pertaining to Greater Noida West (formerly Noida Extension)—comprising villages like Patwari, Bisrakh, Khairpur, Roja, Itehda, Haibatpur, Saini and others—the Supreme Court has directed the protesting farmers to file their counter-affidavit within three weeks with regard to their objections to the compensation formula worked out between them, the developers and builders, and the Greater Noida Industrial Development Authority (GNIDA).
CCI rules out abuse of dominant position by Omaxe
Jan 29, 2014
DELHI: Fair trade regulator CCI has rejected a complaint that alleged realty firm OmaxeBSE 0.49 % of indulging in anti-competitive practices with respect to development of residential plots in Sonepat district of Haryana.
Project money being diverted to fund poll campaigns, realtors fear labour crisis too
Jan 28, 2014
DELHI: In Noida, part of the National Capital Region and home to a burgeoning middle class, a builder is wondering where he'll find the money to finish building about 1,200 apartments that are to be delivered by the middle of next year. Unless he can find some cash, the construction will grind to a halt. But all the usual sources of funds have dried up, at least until the general election is over.
Greater Noida West: Ideal destination for midrange homebuyers
Jan 28, 2014
DELHI: The skyline of Greater Noida West, formerly known as Noida Extension, has changed drastically and is now adorned with residentialproperty units—from imposing highrise projects to neat and well-laid out low-rise structures—projected to house nearly 10 lakh people in the near future.
Supertech to raise Rs 1,000 cr through PE this year
Jan 27, 2014
DELHI: Realty firm Supertech plans to raise Rs 1,000 crore this year through private equity to fund ongoing projects and is in discussions with a few firms.
Land development: Need for government’s role change
Jan 27, 2014
DELHI: In a developing culture, there is a need for land development, which focuses primarily on converting the pre-existing land into something useful. For example, for converting semi-natural estates, such as factories, into livable spaces, such as condominiums, changes in certain land reforms are needed.
Realty a better buy in smaller towns
Jan 27, 2014
DELHI: Smaller towns and cities closer to metros and industrial hubs are seeing significant housing demand, on the back of lower land cost and increased prosperity. This is in sync with the earnings of HDFC, which cited growth in retail loans across smaller towns, for posting good numbers for the third quarter.
Haryana barred from issuing land-use licences in NCR
Jan 27, 2014
DELHI: The Punjab and Haryana high court on January 23 directed the Haryana government not to issue any change of land use (CLU) licence to developers to build colonies in Gurgaon and the National Capital Region till the NCR Planning Board approves a sub-regional plan.
Infrastructure projects to get a boost in Noida
Jan 27, 2014
DELHI: The Noida Authority, one of the richest civic bodies in the country, plans to draft a budget of Rs 8,000 crore for the financial year 2014-15 with various infrastructure projects, including the setting up of the Noida Metro Rail Corporation (NMRC).
Leela might get more time to complete debt restructuring
Jan 23, 2014
DELHI: Hospitality company Hotel Leelaventure is likely to get an extension for its corporate debt restructuring (CDR) exercise, scheduled to be completed by March.
Gurgaon real estate developers expect to recover from slowdown in 2014 with new government at centre
Jan 23, 2014
MUMBAI: The real estate sector, which showed sluggish business during the last year, has a lot of expectation from the year 2014. Though the players in Millennium City admit that they are expecting the growth only after the general elections, scheduled to be held in May, but still they are hopeful that their business will recover and will see new highs this year.
Conman arrested in Noida Phase-II
Jan 23, 2014
NOIDA: A person was arrested in Noida Phase-II on Wednesday for allegedly duping several people of lakhs of rupees, while his aide is still on the run.
Business falling brick by brick for Noida demolitioners with rising cost and competition
Jan 23, 2014
NOIDA: With the overall real estate activities seeing a low in the Delhi-NCR region, many Noida-based building demolition contractors are also feeling the heat. The standalone demolishers stated declining business, spike in the running cost and competitive market to be primary reasons.
Noida-Gr Noida Expressway: A hotspot for commercial reality
Jan 23, 2014
DELHI: Noida-Greater Noida Expressway, which further connects to the 165km-long Yamuna Expressway, is still a favourite destination for commercial realty projects. Improving infrastructural development and fast connectivity offer great scope for real estate development here and the area is coming alive with luxury hotels, office space, retail outlets, and shopping malls.
Cabinet approves Japanese loan assistance for DMIC Projects
Jan 22, 2014
DELHI: The Cabinet Committee on Economic Affairs has approved the utilisation of Japanese assistance under the Japan International Cooperation Agency (JICA) through Special Terms for Economic Partnership (STEP) of Japanese official development assistance loans for the Delhi Mumbai Industrial Corridor (DMIC) project and the operational rules, terms and conditions of this tied loan facility.
Supertech to invest Rs 1350 crore on new housing project in Noida
Jan 21, 2014
DELHI: Realty firm Supertech will invest Rs 1,350 crore over the next three years to develop a new housing project in Noida.
Haryana's Jind and Karnal becomes part of NCR zone
Jan 21, 2014
DELHI: Delhi's population growth rate has declined in the last decade and the national capital region (NCR) witnessed another expansion today with the inclusion of two Haryana districts Jind and Karnal.
NCR board allows tourism in eco zones
Jan 21, 2014
DELHI: In what is being described by activists as an environmental disaster, the NCR Planning Board on Monday cleared crucial provisions to allow tourism in natural conservation zone (NCZ) such as Aravalis, Yamuna riverbed and areas around major water bodies, albeit setting a cap on the area that can be used for tourism. Activists say that this is the thin end of the wedge as, once allowed, there will never be a proper mechanism to measure that the cap is really being observed.
NCR expands, planning lags
Jan 18, 2014
DELHI: With elections round the corner, the Union government has decided to expand the areas included under the National Capital Region (NCR) with the districts of Jind and Karnal in the state of Haryana all set to be brought in.
Land compensation under new law: HUDA
Jan 17, 2014
DELHI: Villagers objecting to the acquisition of 700 acres of land in Gurgaon by the state government last December were on 16 January assured that they would be compensated according to provisions of the new Land Acquisition, Rehabilitation and Resettlement Act 2013. The new law came into force on January 1, 2014.
Gurgaon build plans below 100 sq m may get nod
Jan 17, 2014
DELHI: The MCG House meeting on 15 January discussed a proposal wherein plots whose size is less than 100 sq m will also get their building plans sanctioned. At present, the building plans of only those plots which are above 100 sq m are approved by the MCG.
Unitech to sell two hotels near Delhi, land parcels in southern cities
Jan 16, 2014
DELHI: Unitech, India's fourth-biggest real estate firm, has put two hotels near Delhi and some land parcels in southern cities on the block as it seeks to raise 800-900 crore to pare debt, two people close to the development said.
Unitech in talks to sell two hotels in NCR for about Rs 600 crore
Jan 16, 2014
DELHI: Realty major Unitech plans to sell its two hotels in Noida and Gurgaon for an estimated Rs 600 crore as part of the strategy to divest commercial properties.

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