Latest Realty News

Concrete step for housing projects in Delhi
Jul 12, 2014
DELHI: Housing and basic services for the economically weaker sections have got a fillip in this year’s Budget. Besides Rs 700 crore for water and power reforms, the city has received a grant of Rs 1,350 crore, of which Rs 700 crore is for development projects under the Jawaharlal Nehru National Urban Renewal Mission.
Developers send wish list to finance ministry
Jul 10, 2014
DELHI: The real estate reeling under slump has sought relief from the finance and urban development ministry in the upcoming budget.
Future uncertain for 1 lakh Noida home buyers
Jul 09, 2014
DELHI: Okhla bird sanctuary was notified in 1990. Builders got land and sanctions post-2006. People bought flats, investing their life’s savings, only to realize at the last minute that the projects in Noida won’t get a completion certificate because of a recent NGT ruling marking as eco-sensitive the area around a 10-km radius of the sanctuary. The ball is now in the court of the UP govt and the MoEF. As buyers fret, TOI traces the genesis of the crisis that has affected thousands of people.
26 builders qualify for nine Gr Noida housing plots
Jul 09, 2014
DELHI: In a boost to the finances of the Greater Noida Industrial Development Authority (GNIDA), 26 builders on July 7 qualified in the financial bids for 9 of the 11 group housing plots on offer in Greater Noida. The bids made the authority richer by over Rs 61 crore. Bids of two developers were rejected after scrutiny of their technical papers, said GNIDA officials.
Gurgaon builder sells off project land, investors cry foul
Jul 07, 2014
DELHI: More than 400 investors from Delhi and NCR, who had booked flats in a Gurgaon housing project and deposited 25% of the cost upfront, are demanding investigation into what they call a multi-crore fraud because the developer had allegedly sold off the project land.
Delhi: 40% buildings don’t comply with fire safety norms
Jun 14, 2014
DELHI: Four out of 10 buildings in Delhi do not comply with the safety norms, according to fire officers. The unsafe buildings include residential and commercial complexes, schools and nursing homes. Even the playschool which caught fire on June 10 did not have a no-objection certificate (NOC), the officers said.
Delhi eyes rooftop solar power
Jun 07, 2014
DELHI: Delhi is trying to draw a few lessons from the Prime Minister’s Gujarat model. Gandhinagar’s rent-a-roof project may help Delhi supplement the power supply in the capital with solar energy. If the model is replicated in Delhi, according to official sources, it has the potential to deliver 50-100 MW. This was discussed by the capital’s top bureaucrats with their Gujarat counterparts on June 5.
National Green Tribunal order delays Noida flats
Jun 06, 2014
DELHI: Almost 20,000 homebuyers in Noida face a delay in receiving possession of their completed apartment . This is due to a recent judgment by National Green Tribunal, which prohibits Noida Authority from giving any completion certificate for projects within a 10km radius of Okhla Bird Sanctuary.
E-governance software to cut down on visits to Noida Authority office
Jun 06, 2014
DELHI: To reduce public interface and make paperwork easier, the Noida Authority is all set to launch an e-governance software in the next few days. According to officials, the trial run of the software, which will also ensure transparency and cut corruption, is being conducted at present.
Owning a farmhouse in NCR gets tougher
Jun 05, 2014
DELHI: The Haryana government has put an end to the farmhouse culture on the eve of World Environment Day. In a decision which will hit the lifestyles and ambitions of several rich and elite residents of the Millennium City, the government on June 4 decided to stop issuing change of land use (CLU) licences for farmhouses in agricultural zones falling under highly sensitive zones.
Nod to stamp duty waiver in NCR
May 30, 2014
DELHI: The Haryana government on May 28 waived stamp duty on transfer of immovable property to blood relations, a few days after Punjab took a similar decision.
100 new smart cities for affordable housing
May 27, 2014
DELHI: Creation of 100 new smart cities, focus on infrastructure, and affodable housing are the cornerstones of the new government’s agenda for the real estate sector.
Vigneshwara Group MD booked for alleged fraud
May 23, 2014
GURGAON: The managing director of real estate company Vigneshwara Group and two of his family members have been booked by Gurgaon Police in a multi-crore fraud case. Some estimates put the scale of the fraud at more than Rs 1,000 crore.
Realty sector awaits booster dose
May 21, 2014
DELHI: Buyers—end users and investors—must make up their minds soon and enter the market, as prices are expected to appreciate once a new government is sworn in. A new, stable government will have a positive influence on the economic growth story, which has been sluggish in the past few months. With revival of the economy, the demand for real estate is expected to improve drastically, which would further lift the prices in the sector. Naturally, with the talk of a new government, all the stakeho
Emerging corridors of Delhi-NCR
May 20, 2014
DELHI: Affodable housing prices, proximity to the national capital, fast-developing infrastructure, and the availability of spacious and quality residential units are the key factors driving the growth of satellite towns and other suburbs of the NCR.
Ansal API MD Pranav Ansal summoned by Delhi court
May 19, 2014
DELHI: Pranav Ansal, the managing director of real estate firm Ansal API, has been summoned by a district court in Delhi for allegedly cheating a former colleague of Rs 40 crore. According to the complaint, Suneal Mangal, who was inducted as director in Ansal's company Prime Maxi Mall Management for his experience in advertising and event management, signed an agreement with the company in 2005. Under this agreement, he was to be paid 9% of the increase in revenue of the mall management company
Inventory of unsold homes up 4.85% in January-March quarter at 7,34,000 units
May 19, 2014
DELHI: The inventory of unsold homes in the top cities has risen 4.85% in the January-March quarter to 7,34,000 apartments from just over 7,00,000 apartments in the previous quarter on the back of tepid sales and over 700 new residential projects being launched across the country, says a report by property research firm Liases Foras.
Realty players see better days
May 18, 2014
DELHI: Even before Narendra Modi has taken the oath of the office, real estate players have drawn out their wish list.
BJP may make retail FDI more investor-friendly
May 16, 2014
DELHI: Contrary to the perception that a Bharatiya Janata Party (BJP)-led government might prohibit foreign direct investment (FDI) in sectors like multi-brand retail, senior bureaucrats believe the FDI regime could be further opened up.
Maintenance charge: Pay and forget?
May 16, 2014
DELHI: Scene 1: You enter a with no security check and as you walk in, there is peeling paint, crumbling plaster, unkempt lawn, garbage spilt over in the common areas, lifts not working but the ‘works’ are there in the lift!
Investments have an edge along NH-8
May 15, 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 property investments along this stretch.
Good returns drive residential market of Golf Course Extension Road
May 15, 2014
DELHI: Golf Course Extension Road has been developing as a premier lifestyle destination for residential and commercial property owing to fast-paced infrastructural development and good connectivity to NH-8 and South Delhi through Gurgaon-Faridabad Expressway.
Noida may see 10% rise in allotment rates
May 15, 2014
DELHI: Buying property in Noida is likely to cost more from June. The Noida Authority proposes to hike the land allotment rate of residential and commercial properties by 15% and industrial properties by 10%, respectively, according to sources. The new rates are likely to be effective from June.
Integrated townships come to Meerut
May 13, 2014
DELHI: Meerut’s realty market has shaped up as an ideal destination for affordable-range housing with prices in other NCR regions like Noida, Gurgaon, and Ghaziabad slipping out of the reach of the average middle-class homebuyer.
Rs 8 crore road link for Manesar Phase V
May 13, 2014
DELHI: The newest industrial pocket of IMT Manesar – Phase V – is now being readied for fresh development activity lined up for the coming years. The industry authority, HSIIDC, has recently put together a road layout plan for this newly acquired development land, which will connect parts of Phase V with the rest of the township.

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