Latest Realty News

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.
Service apartments: an indispensible part of real estate in Gurgaon
Oct 15, 2013
DELHI: An idyllic place for longer business trips, the service apartments offer the supreme blend of comfort and privacy of a home with the services of a luxurious hotel room at a much lower price
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.
Grihapravesh Buildteck partners Radius for Noida housing project
Oct 11, 2013
DELHI: Realty firm Grihapravesh Buildteck today announced tie-up with technology firm Radius Group for providing energy efficient devices in its housing project at Noida, which is being developed at a cost of Rs 280 crore.
CCI dismisses charges of abuse of dominance against Eldeco Housing
Oct 11, 2013
DELHI: Fair trade watchdog CCI has dismissed the charges of abuse of dominant position against realty firm Eldeco Housing and Industries in the market for residential flats in Lucknow.
Realtors bet on star power
Oct 11, 2013
DELHI: Deepika Padukone endorsing realty firm Ace Group is the latest entrant in the long list of celebrities and cricketers becoming brand ambassadors for developers, who are all out to attract buyers this festive season.
PE funds sign deals with big builders like Lotus Greens, Mahindra Lifespace for stable returns
Oct 10, 2013
BANGALORE|MUMBAI: Private equity firms with big appetites are increasingly tying up with reputed developers to build large asset portfolios and earn stable returns.
Fresh demand for 2.8 million homes in 2013-17 to be seen in top eight Indian cities: Cushman & Wakef...
Oct 10, 2013
DELHI: Top eight cities, including NCR and Mumbai, would witness an additional housing demand of 2.8 million units in the next five years, but supply will lag behind due to economic and regulatory issues, says property consultant Cushman & Wakefield.
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
Hotel deals: It's a buyer's market
Oct 08, 2013
DELHI: Even as about 30 branded hotels and 40 non-branded properties and land parcels are on the block in the hospitality industry, experts say for big-ticket transactions, it might turn out to be another wait-and-watch year, unless the economy improves and the asking prices of most of these assets fall.
Studio apartments – a smart investment option
Oct 08, 2013
DELHI: Studio and serviced apartments have emerged as smart economical investment options in India, as several prominent developers have started offering these in other parts of the country as well. The demand for studio apartments is outstripping the existing supply, generating high rental income, property appreciation and offering opportunities to high-value business tenants. Investors, especially NRIs, believe that investment in studio apartments is a wise and cost-effective decision, as it o
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.
Festival deals flood property market as realtors try to cut inventory
Oct 07, 2013
DELHI: Real estate companies are rushing in with discounts and freebies ahead of Diwali, a time that accounts for a high volume of home sales in the country. Across the country, residential projects offering deals have risen 45-50 per cent in the run-up to the festive season and may double further by Diwali and the year-end as realtors attempt to clear piled-up inventory.
NDMC, Delhi/NCR Real Estate, Khan Market in New Delhi
Oct 05, 2013
DELHI: New Delhi Municipal Council (NDMC) has decided to get a structural stability test done on all buildings in Khan Market, almost a month after the first floor of a building collapsed partially that caused the second floor to cave in. The two-week process will start on Monday.
Over 25 per cent housing projects delayed pan-India; NCR worst hit: JLL India
Oct 02, 2013
DELHI: Real estate companies have not been able to deliver over 25 per cent of their housing projects on time while developers in the national capital region are worst performer, according to property consultant Jones Lang LaSalle (JLL) India.
Realtor accuses farmer of cheating him
Sep 25, 2013
GURGAON: A realtor has accused a farmer of duping him of more than Rs 1 crore. The farmer allegedly signed an agreement with him for land, located in Bhiwadi in Rajasthan, that he had already sold off to someone else. Sushant Lok police have lodged an FIR.
New industrial policy fixes time for setting up units
Sep 19, 2013
DELHI: The Noida Authority has decided to do away with a policy that provided industrial plot allottees extended periods for setting up functional units. This clause allowed allottees to pay insignificant amounts as penalties in lieu of delay in running units. The move is expected to put industrial development on the fast track.
Greater Noida industries seek interest waiver
Sep 18, 2013
DELHI: Given the slowdown in themanufacturing sector, several industries in Greater Noida, which have not been able to pay lease rents against their plots for the past few months have demanded a waiver of interest amounts. Industrial associations of Gautam Budh Nagar district, led by Noida Entrepreneurs’ Association (NEA), have asked the Greater Noida Authority to introduce a time-bound interest-free rent payment scheme.
Freehold rights in 45 resettlement Delhi colonies
Sep 11, 2013
DELHI: The Delhi Government will grant freehold rights on September 10 to residents of 45 resettlement colonies which were developed almost 50 years ago.
New ‘high density’ policy will boost affordable housing in NCR
Sep 07, 2013
DELHI: The Haryana government recently approved a ‘high density’ housing policy under which agencies like the Haryana Urban Development Authority (Huda) will allow developers to increase the density of population in their group-housing projects.Realty players believe that the new high density policy will motivate builders to construct more small-sized housing units in a given area.
Property fraud cases to now get solved easily in Noida
Sep 02, 2013
DELHI: From now on, cases of forgery related to registration of land and property in Gautam Budh Nagar can be resolved at the department of stamps and registration in Noida. Earlier, complainants had to move various courts to adjudicate these matters, which often stretched on for several years owing to pendency of cases.
Building curbs in NCR forests set to go
Sep 02, 2013
DELHI: In a move that could deal a body blow to threatened forests and water bodies in the National Capital Region, Haryana government has successfully got restrictions on construction activity in ‘conservation zones’ deleted from the revised NCR regional plan, which is now in the final stages of getting notified.
Infrastructure developments are pushing Ghaziabad’s realty growth
Aug 30, 2013
DELHI: Ghaziabad’s master plan has provided for the construction of world-class infrastructure in this area, turning this fast-developing city into one of the most preferred locations in the Delhi NCR.
RNE is fast developing area for affordable housing in Delhi-NCR
Aug 29, 2013
DELHI: After Greater Noida West (Noida Extension), Raj Nagar Extension (RNE) on NH-58, under the jurisdiction of Ghaziabad, is developing as one of the most affordable destinations for middle-class homebuyers.
Two months hence, Gurgaon govt yet to revise house tax
Aug 29, 2013
DELHI: Weeks past the deadline now, the property tax revision scheme – being prepared by a special committee constituted by the state government – is yet to be implemented. According to officials of the Municipal Corporation of Gurgaon, there haven’t yet been any updates from the authorities on this matter, and no clarity on whether a timeline is going to be followed at all.

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