News & Facts

Sahara group faces a major blow today when Supreme Court today ordered to attach the group's prestigious Aamby Valley project. This project near Lonavala, Maharastra is worth approximately Rs. 39,000 crore. Inspite of Sahara’s plea the court showed no mercy and denied to provide any relief to the group. The court has directed Sahara Group to submit the list of properties that can be auctioned by 20 Feb2017. However Supreme Court has granted parole for Mr. Subrata Roy, Sahara Chie... Read More
On Monday the 6th of February 2017, Urban Shelter Improvement Board of Delhi has nodded the proposal for constructing 6178 Nos. of flats in Bhalaswa, Dev Nagar, Mangolpuri, Lajpat Nagar and Ambedkar Nagar to improve the living standards of economically weaker section (EWS) people in the area. This Economically weaker section apartment construction will be a pilot project that will be constructed by DUSIB at the cost of 866 Cr. The aim of the project is to upgrade the slums in the particular are... Read More
The finance minister has stated that the holding period for considering capital gains will be reduced to two years in the current year’s budget. He said that the holding period for considering gain from immovable property is being reduced to two years from existing three years now. For all classes of assets including immovable properties, the base year for indexation is proposed to be shifted from 1.4.1981 to 1.4.2001. Jaitley stated that government is coming up with every possible solutio... Read More
Real estate consultants report that the online retailers (Ecommerce Industries) have started to focus on cutting costs by shedding that extra weight of useless spaces and hence, the demand for warehouses has started to fall which was never the case in 2015 and consiquently there has been no increase in rentals. The necessity was a lot higher a few years back. Jasmine Singh, head ­ industrial & logistics services, India, CBRE South Asia said,"Even though there seems to be ... Read More
A report by Colliers International, India, clearly reveals that more than 65% of the office spaces were absorbed by Tech firms last year, propelling the real estate growth in Noida. The situation is expected to improve even more in the coming days. A total of 7,06,063 square metres of office space was absorbed in Gurgaon, Noida and Delhi, according to reports, in 2016. Noida alone soaked up 36% or 2,51,770 sqm of the office space. Gurgaon, leading the show, absorbed 51% of the office lease whil... Read More
The association between Tata Housing, the real estate arm of Tata’s and Lotus Green, the local developer, has actually given shape to a spectacular project "Destination 150", in Noida. The announcement for the same was made very recently. This development is happening on twenty acres of land with Ultra-modern facilities for residents. The project will have 2 BHK and 3 BHK units starting at 50 lakhs and 57 lakhs respectively. Destination 150 will have features like never before and offer t... Read More
The year 2017 is expected to strengthen the realty business in every way possible. The stakeholders are very particular on obtaining income tax revision and demanding clarity on GST, house rent allowance and policies to standardize construction materials, to take the real estate industry to the next level. The stakeholders have some expectations from the budget announced for this year. Industry status  It is a well known fact that the real estate industry is contributing to over 15% of t... Read More
New Delhi: In order to give a facelift to the realty sector, the realtors’ apex body NAREDCO has demanded that the infrastructure status be released to understand the incentive policies for the housing sector. The association has requested the government to award infrastructure status to the housing sector to patronize the low and MIG category housing units among its wish list. The National Real Estate Development Council (NAREDCO) has clearly said that the government should introduce cl... Read More
Nasscom’s decision to lower IT export to 8% is likely to affect the absorption of commercial space in the coming days. BENGALURU | MUMBAI: The commercial real estate segment is likely to get affected in Bengaluru as the IT industry body Nasscom has announced plans to reduce IT export growth to a considerable level. This has come in the aftermath of the fallout of Britain from the European Union and Donald Trump’s victory in the US presidential polls. Originally, Nasscom had pr... Read More
Anuj Puri, chairman and country head of realty consultancy JLL India said,” I am quitting the firm and Ramesh Nair will take over from me from the first week of March 17. The details are yet to be known of this change in responsibility. Ramesh Nair will assume responsibility from the Ist week of March and report to the JLL’s Asia Pacific CEO Anthony Couse. Puri joined JLL in 2007 when his company Trammell Crow Meghraj (TCM) merged with the Indian arm of global real estate firm JL... Read More
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