Latest Realty News

Timely delivery can boost realty market
Dec 28, 2013
DELHI: Some real estate builders are not ready to change, especially when it comes to timely delivery of flats. Shashi Jha, a Delhi-based scribe, could not believe his eyes when he visited the construction site of the project where he had bought a flat eight months ago—there was hardly any work to show. When he took up the matter with the developer, he was given oodles of assurances. Two months down the line, nothing has moved on the ground, he says.
Commercial market a preferred investment choice in Delhi/NCR
Dec 26, 2013
DELHI: Developers and investors are now turning their focus upon commercial property, as these have greater potential for capital appreciation compared to residential property.
NRIs look to Gurgaon flats for bumper returns
Dec 26, 2013
PUNE: If you get to choose between buying a beach house in Florida and an apartment in Gurgaon, what would you prefer? While the great American dream may seem like obvious choice to many, the dollar-rich expatriates think other way around.
Property launches down 12 per cent this year
Dec 12, 2013
DELHI: Across major cities, new property launches in the residential segment declined 12 per cent this year, with Chennai recording the sharpest drop at 39 per cent, followed by the Delhi National Capital Region (NCR) at 33 per cent, according to a report.
'Launch of new homes falls 12% in 8 cities this year'
Dec 12, 2013
DELHI: Launch of new homes dropped by 12 per cent to over 1.72 lakh units so far during this calendar year in the eight major cities due to cautious approach by developers in view of slowdown in demand, according to global property consultant Cushman & Wakefield.
New land act will impact growth
Dec 12, 2013
DELHI: Land reform has been a neglected social agenda in India for decades, and sidelining this very important subject has come at an economic cost, particularly in recent times.
Work on Dwarka Expressway is set to resume
Dec 12, 2013
DELHI: Resumption of work on the much-delayed Dwarka Expressway is good news for the thousands of end users and investors here. The expressway has emerged as one of the most sought-after real estate destinations in the National Capital Region (NCR) today.
Realtors queue up to make 12 lakh homes in Gurgaon
Dec 12, 2013
DELHI: With over 50 developers signing up to build affordable housing projects in new sectors, buying a flat in the city at a relatively economical Rs 12 lakh is set to become a reality. The low-cost housing policy project announced by the state government in August fixed the price of flats at Rs 43,000 per sq m with the sizes of flats ranging between 28 and 60 sq.m. The department of town and country planning (DTCP), Haryana, has set a deadline of four years from the approval of building plans
Property tax deadline extended to Dec 31
Dec 11, 2013
DELHI: The MCG office saw a huge rush all through 10 December, the last day to pay property tax and avail rebate, before the state government decided the same evening to extend the deadline to December 31.
Early start, proper planning will guarantee good future
Dec 10, 2013
DELHI: Lt Col Jit Bahadur Chettri, a 39-year-old Indian Army officer, is posted in a remote area in North-East India. His wife Ritu is also an officer in the Army Education Corps. They have two sons, Sparsh (9) and Utkarsh (7). Chettri represents that rare breed of officers who are financially well-aware of the need to meet their financial goals comfortably. When Lt Col Chettri approached us for financial planning this year, his family already had a well-diversified investment portfolio. With a
Delhi tenants can’t fix space usage in Delhi
Dec 09, 2013
DELHI: No tenant can dictate usage of space to the house owner, a trial court has observed while ordering eviction of a tenant from the house of a 65-year-old handicapped widow in Nizamuddin.
30% rebate on property tax in Gurgaon before Dec 10
Dec 09, 2013
DELHI: The MCG is offering special rebates on pending property tax amounts to residents who choose to make their payments before December 10. According to officials, discounts of up to 30% will be offered to property owners within this grace period.
Bungalows Versus Flats
Dec 06, 2013
DELHI: Assuming that one has the financial wherewithal for this to be an option at all, the question of whether to invest in a bungalow or a flat is indeed pertinent. In an established area of a large city like Pune, a bungalow costs a lot more than a flat. This means that the rental market for such a property shrinks proportionately.
RBI pushes more liquidity into the banking system
Dec 04, 2013
DELHI: The RBI cut the penal rate of interest, among some of the measures it took recently to push the money market to normal conditions.
Global brands entering the uber-luxury homes in NCR
Dec 03, 2013
DELHI: The National Capital Region (NCR) has seen a slew of luxury apartment launches.A number of such high-end projects with world-class specifications were launched in the last one-year; these come with the promise of high-quality after-sale services and, in some cases, with an assured provision of 5-star living experience.
Noida offers amnesty to defaulting plot allottees
Dec 02, 2013
DELHI: An amnesty scheme has been launched by Noida Authority to waive penalties on investors defaulting in paying regular instalments against plots allotted to them. The scheme is expected to benefit hundreds of outstation and overseas investors.
Mixed land use approved by Noida Authority
Dec 02, 2013
DELHI: Mixed land use will soon be a reality in Noida wherein certain commercial activities can be carried out from within sectors earmarked for other uses. In its 180th board meeting on November 29, Noida Authority provided in-principle approval of mixed land use policy for specific areas within industrial and residential sectors.
Realtors want control of more Gurgaon roads from MCG
Dec 02, 2013
DELHI: Real estate developers have urged the Municipal Corporation of Gurgaon to hand them control of roads that connect city areas to villages, eyeing a revenue windfall as the urban sprawl expands. There are hundreds of revenue roads, as the streets in gentrified areas are known, across Gurgaon as villages surround the city’s urban boom. The civic body has so far received 35 applications from several builders and isn’t averse to the idea of a handover, which will entrust private developers wit
Builder area residents won’t pay property tax until MCG takes over
Nov 30, 2013
DELHI: Even as the MCG has extended the deadline for payment of property tax, DLF and other private builder area residents have refused to pay up. Residents say they will not budge till the Municipal Corporation of Gurgaon (MCG) takes over these areas from private builders.
Kundli-Sonipat area promises high returns
Nov 22, 2013
DELHI:The pressure on the overburdened infrastructure of Delhi has pushed real estate development to the peripheral areas of the capital city, with the newly developing region of Kundli-Sonipat along NH-1 benefiting from this perceptible movement.
Cyber City Gurgaon rents soar
Nov 21, 2013
DELHI: Outsourcing giant Convergys has left its iconic ship-shaped building in Cyber City and moved to a new office on Sohna Road after rents in the IT hub appreciated sharply in anticipation of Rapid Metro’s launch.
Part 1: Basics about mortgage of immovable property
Nov 20, 2013
DELHI: While all of us have heard about mortgage, little is known to a common man about it and its implications. Chapter IV of the Transfer of Property Act, 1882, defines various types of mortgages, rights and liabilities of mortgagor and mortgagee, its redemption and charges etc. There are at least six main mortgage types.
Constructions flood Yamuna bed in Delhi
Nov 20, 2013
DELHI: Buildings are being constructed nonstop at Jaitpur Extension in absolute violation of Delhi Development Authority’s order to stop fresh property construction in Yamuna river zone.
Noida Authority to allot 866 unused flats in December
Nov 18, 2013
DELHI: The Noida Authority is likely to launch its much-awaited scheme for allotting 866 flats in the first week of December. Officials said that as part of the scheme, there will be 41 flats for middle-income group (MIG), 47 for high-income group (HIG), 143 for low-income group (LIG), 150 for economic weaker sections (EWS) and 485 for Shramik Kunj categories. These flats are located in Sectors 67, 73, 93, 99, 100, 110, 122 and 135.
Evacuee property owners in NCR get more time
Nov 17, 2013
DELHI: The state government has decided to give one more opportunity to the occupants of rural and urban evacuee lands and properties. They can now file their claims to concerned tehsildar for transfer of land in their name within a period of three months from November 1, 2013 to January 31, 2014.

Latest Realty News Of State

Realty Talk's