Latest Realty News

Most buildings in Delhi not earthquake-safe
Nov 14, 2013
DELHI: November 12th’s mild tremors might not have caused any damage but with Delhi being the epicentre, concerns have been raised about the government’s preparedness to handle an earthquake. Delhi is vulnerable to earthquakes is no secret, considering it falls under seismic level IV. But are we prepared for a moderate to high intensity earthquake with Delhi as the epicentre?
New home launches up by 5% in January-September: Cushman & Wakefield
Nov 01, 2013
DELHI: India's eight major cities saw launch of 1.32 lakh homes during January-September 2013, up by five per cent from the year-ago period, according to global real estate consultant Cushman & Wakefield.
Studio apartments emerging as a smart investment in Delhi/NCR
Oct 31, 2013
DELHI: Top realty players like DLF, JP Group, Wave Infratech, Paras Buildtech, Eldeco, Assotech Realty, Supertech, Amrapali, etc, are following in the footsteps of New York and London where fashion designers, musicians and artistes use such space for their studios. Professionals like lawyers, CAs, architects, doctors, etc, are now using them as smart offices, while corporate houses find these very convenient as guesthouses.
Bhiwadi is the boomtown in the desert
Oct 30, 2013
DELHI: Bhiwadi, a typical Tier II city, promises value for money to investors and end users alike. The town is adequately equipped to handle the huge demand for affordable housing, coming from the work force employed in various industries here.
Housing demand picks up in NCR; sales up 18% in January- June
Oct 25, 2013
DELHI: Housing sales have risen by 18 per cent in the Delhi-NCR region during the first half of this year at 35,000 units, showing signs of improvement in the property market that has been facing slowdown in demand.
Plot owners to challenge HSIIDC property rules
Oct 25, 2013
DELHI: Plot owners in Udyog Vihar have renewed their efforts to get the state to impose a revision on the controversial property norms of the industrial area. The local association on October 23 lashed out at the industry authority HSIIDC, calling the latter’s demand for a special fee for transfer or leasing of plots illegitimate.
Gurgaon shows resilience to recession
Oct 24, 2013
DELHI: Golf Course Road continues to dominate Gurgaon’s suburbs as the prime address for both residential and commercial property. It is followed closely by Golf Course Extension Road, which is emerging as yet another zone for luxury real estate and golf-themed projects.
Realty prices at local ‘micro-markets’ double in 2 years in Delhi-NCR
Oct 21, 2013
DELHI: Property prices in NCR’s upcoming residential markets, which real estate experts term ‘residential micro-markets’, have nearly doubled in the last two years. This trend, analysts say, is owing to new options being made available in these micro-markets which has become an attractive proposition for buyers who can’t afford to enter the prime real estate market.
Century 21 real estate continues global expansion
Oct 19, 2013
DELHI: Century, the franchisor of the world’s largest residential real estate sales organization, today announced its expansion in India with the signing of a master franchise agreement to open CENTURY 21® franchises in India. Alchemist Group has become the master franchisor of the CENTURY 21 System for India operating as CENTURY 21 India.
MCG gets nod to resume property tax collection
Oct 18, 2013
DELHI: After months of deliberation, the special committee appointed by the state government was finally able to clear the property tax muddle late on October 16, paving the way for the municipal corporation to resume tax collection in Gurgaon.
Festive season is the best time to buy house
Oct 17, 2013
DELHI: The festive period, even after Navaratra is past, will continue for another couple of months. Generally, property market gets a boost as realtors offer festive deals to cut inventory.
Allotment of commercial properties put on hold in Noida
Oct 17, 2013
DELHI: The Noida Authority has temporarily suspended allotment of 30 commercial properties, including two plots meant for malls in Sectors 2 and 61, for defaulting on payments amounting to about Rs 200 crore. Officials said sub-lease, mortgage and construction permission to the defaulters will also be banned. The Authority has warned of cancelling allotments of 20 more commercial properties.
Fast track plot allotment scheme for businessmen in Delhi-NCR
Oct 17, 2013
DELHI: To counter the ongoing slowdown and shore up investor sentiment, the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has announced a fast-track allotment programme for ‘special category’ entrepreneurs. Under the new scheme, investors will be able to buy industrial plots literally ‘off the shelf’ in some of the prime HSIIDC townships in Haryana, including the ones in Bawal and Roj Ka Meo.
No enhancement fee for alternative plots allotted by HUDA in Gurgaon
Oct 17, 2013
DELHI: Good news for those who were given possession of alternative plots instead of the original HUDA plot allocated to them. Now, they can avoid paying the enhancement fees in their sectors if they were originally given plots in sectors where no enhancement was demanded.
New Delhi traders rue sky-high land rates
Oct 15, 2013
DELHI: In the last five years, only 65, mostly commercial, properties in New Delhi Municipal Council areas have been converted from leasehold to freehold. Reason, the exponential increase in land rates—a crucial component in calculating conversion charges—from Rs 28,980 per sq metre to Rs 19.35 lakh per sq metre for commercial establishments.
Haryana govt’s policy for NOCs for land outside controlled areas
Oct 15, 2013
DELHI: Haryana government has approved a new policy for granting no-objection certificates (NOCs) in urban localities falling outside controlled areas. Haryana town and country planning department said that NOCs would be issued only in those cases where there was no violation of the provisions of Haryana development and regulation of urban areas Act 1975, and the land was not a part of any controlled area subject to fulfillment of prescribed norms or parameters.
44 illegal colonies in Gurgaon to get amenities
Oct 09, 2013
DELHI: In a move that will provide relief to lakhs of residents living in unauthorized colonies in the city, the Haryana government has passed the Haryana Management of Civic Amenities and Infrastructure Deficient Municipal Areas (special provisions) Act 2013. This will enable the Municipal Corporation of Gurgaon (MCG) to provide basic amenities like water, electricity, roads, streetlights and sewage disposal to the residents living in these areas. The urban local bodies department has already i
DDA to hold auction of commercial properties
Oct 07, 2013
DELHI: Thousands of prime commercial properties are up for sale in Delhi. After a gap of about one year, Delhi Development Authority is about to start selling properties in the capital. Over 50 commercial plots, six multilevel car parkings and two banquet halls have been opened up for auctions.
Gurgaon Extension: Next residential hub
Aug 17, 2013
DELHI: Like Noida Extension (Greater Noida West) and Raj Nagar Extension (Ghaziabad), a new developing zone – Gurgaon Extension (the area extending from Sohna Road and directly connected to the main Gurgaon-Sohna Road) – is being considered by realty experts as a good place for affordable-range housing. The value of investments could double here once IMT Sohna is up and running, experts say. Also, the Delhi-Mumbai dedicated freight corridor is located close by and all the mega industrial estates
National Green Tribunal whammy to realty projects in Noida
Aug 16, 2013
DELHI: In a major setback to realty projects in Noida, the National Green Tribunal (NGT) on August 14 ordered the Noida Authority to stop construction work of all projects which do not have requisite environmental clearances within 10km radius of Okhla bird sanctuary. The tribunal has also directed Noida Authority to conduct a fresh survey and find out the projects falling within the radius.
Real estate can employ 1.7 crore people by 2025 in India
Aug 14, 2013
DELHI: In a report, global realty consultancy firm CB Richard Ellis said that the potential for development and growth in the real estate sector is tremendous. The sector is expected to generate over 17 million jobs across the country by 2025, thereby making a significant contribution to the GDP.
Development work in 133 illegal Delhi colonies approved
Aug 09, 2013
DELHI: The Delhi government on August 7 granted permission for carrying out development works in 133 unauthorized colonies with immediate effect.
Industrial colony on de-notified SEZs in Gurgaon
Aug 07, 2013
DELHI: The special dispensation for de-notified SEZs in Haryana to become eligible for developing industrial colony has evoked mixed response. The developers want single window clearance for the licences but real estate insiders claimed it would not be a cake-walk.
PE investment in realty drops 46% in first half
Jul 31, 2013
DELHI: Private equity investment in thereal estate sector fell by 46 per cent to $ 276 million in the first half of 2013 due to lack of good projects and weak sentiments, property consultant Cushman & Wakefield said.
Multiple rate revisions will affect buyers in Delhi-NCR
Jul 24, 2013
DELHI: The new circle rates, proposed in the range of 7-25%, are to come into force from August 1, 2013, for Noida, Greater Noida, and Ghaziabad.The proposed raise in circle rates is another setback for buyers andreal esate developers of Noida, Greater Noida, and Ghaziabad.

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