Latest Realty News

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.
How to find the perfect location for real estate investment
Dec 03, 2013
DELHI: When it comes to profitable investment, property is one of the most lucrative avenues. Profitability is not a given, however – property investment must make sense from a returns-on-investment point of view. In that respect, one must carefully pick from available options.
Blackstone’s buyout spree may soon dislodge Gurgaon co as top landlord
Nov 26, 2013
DELHI: An acquisition binge has placed private equity giant Blackstone as the second biggest landlord in India's booming office space market, emerging as a strong challenger to Gurgaon-based DLF's leadership in a real estate segment with stable yields, data sourced from international property consultants said.
New land supply to meet the increasing residential demand
Nov 21, 2013
DELHI: Earlier this year, the Delhi Development Authority (DDA) notified its new policy on Country homes (farmhouses). The new policy has reduced the minimum land required to build a farmhouse from 2.5 acres to 1 acre. The FAR (Floor Area Ratio) norms have also been relaxed by allowing an increased limit of 200. This can be further enhanced by purchasing additional FAR from the authorities with a maximum height of 12 meters, i.e. 3 floors. Additionally, FAR of 60 sq mtrs is permitted for EWS (Ec
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.
29 SEZ developers including TCS, Parsvnath Infra & Unitech Infracon seek more time to implement proj...
Oct 29, 2013
DELHI: As many as 29 special economic zone developers including Tata Consultancy ServicesBSE -0.12 %, Parsvnath Infra and Navi Mumbai SEZ Pvt Ltd have sought more time from the government for implementing their projects. The inter-ministerial Board of Approval (BoA) chaired by Commerce Secretary S R Rao will consider these requests at its meeting on November 8.
Vatika Business Centre to open two new centres
Oct 29, 2013
DELHI: In order to meet the significant increase in demand for premium office spaces, serviced offices and meeting rooms, Vatika Business Centre is coming up with two new business centres. One is in the heart of New Delhi at Connaught Place, and the other is Divyashree Omega in the High Tech city of Hyderabad.
Industry Dept moots easing of lock-in period for FDI in housing
Oct 28, 2013
DELHI: The Department of Industrial Policy & Promotion (DIPP) has finalised the Cabinet note on relaxing norms for Foreign Direct Investment (FDI) in the construction development sector and hopes to place it before the Cabinet next week.
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.
Small cities, satellite towns defy realty slowdown
Oct 25, 2013
MUMBAI: Slowing house sales in major cities such as Mumbai and Delhi notwithstanding, growth in residential transactions in satellite towns such as Greater Noida and tier-II and tier-III cities show a different picture.
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.
Scapes to do a preview of ‘Scapes Siolim’ at Royal Fables
Oct 23, 2013
DELHI: Scapes, creators of luxury boutique collection of villas & world class hospitality will host an exclusive preview of their ambitious retreat project, ‘Scapes Siolim’ at Royal Fables – Season 5.
Petition against PDA-Omaxe JDA dismissed:Punjab HC
Oct 22, 2013
DELHI:PDA Omaxe City, a Joint Development Agreement (JDA) between real estate major Omaxe Ltd. and PDA is all set to see the light of the day as the petition challenging the veracity and legality of the JDA project was dismissed as withdrawn in Punjab and Haryana High Court.
Commercial office supply records a dip: CBRE
Oct 22, 2013
DELHI: Less than 3 million sq.ft of office space entered India’s prime real estate market in the quarter ending September 2013—dropping by more than 75% q-o-q over last quarter’s 10 million sq.ft of fresh office space supply; and by nearly 50% over the same period last year. Delayed deliveries from previous quarters, along with new projects coming on-stream, had led to an increase of upto 8% q-o-q and about 16% y-o-y in office supply addition in the previous April–June period; but the July–Septe
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.
After a year, DDA to auction 60 plots in November
Oct 20, 2013
DELHI: After a gap of one year, Delhi Development Authority (DDA) has decided to put several plots under the hammer. Over 60 plots, in 14 different prime locations, will be auctioned at Dwarka, Pitampura, Vikas Puri, East of Kailash, Vivek Vihar etc on November 20, 21, 22, said a DDA official. The sale of brochures will begin from October 28.
Unitech inks Rs 1,000 crore office leasing deal with Accenture
Oct 20, 2013
DELHI: Realty firm Unitech Group has leased 8.1 lakh square feet of space in its under-construction Gurgaon IT SEZ to Accenture in a deal that will give Rs 1,000 crore of rental income over 15 years.
Dwarka sub-city residents prefer moving to larger homes within locality
Oct 19, 2013
DELHI: Dwarka sub-city is mainly an end-user driven market with the whole infrastructure up and running. It is well-connected with Metro Rail and airport, and a destination of choice for home buying.
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.
866 govt flats to be allotted this Diwali by Noida Authority
Oct 17, 2013
DELHI: This Diwali the Noida Authority has planned to allot 866 flats in the middle-income group, high income group, low-income group and economically weaker sections categories. A senior Authority official said around 600 flats, located in Sectors 55, 66, 71, 73, 93, 110 and 135, are of the LIG and EWS categories.
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.
Investing in Dwarka-Gurgaon Expressway
Oct 17, 2013
DELHI: Dwarka-Gurgaon Expressway, also known as the Northern Peripheral Expressway, has been one of the hottest real estate investment destinations in Delhi/NCR with the vast potential for a robust growth.
Delhi NCR residential property pricing – festive season update
Oct 16, 2013
DELHI: Over the last two quarters, the residential property market in South Delhi has shown only marginal appreciation in capital values and rentals. This could have more to do with the recent upward revision in circle rates in various zones than anything else. Supply and demand dynamics in South Delhi have been more or less constant, and the revision in circle rates has resulted in larger cheque amounts and lower potential for offloading cash in real estate transactions. This has, in fact, acte

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