News & Facts

DLF India’s largest real estate firm has planned to invest Rs.3,500 crore rupees to complete all its ongoing projects. The under construction projects in various housing projects is approximately 18.5 million square feet area in different locations across the country.DLF aims to complete these projects by the end of 2017. This will generate finished stocks in the market. In spite of the sluggishness in the market DLF is proceeding to complete all its projects. According to DLF's Group Chi... Read More
Payment of rent while applying for freehold properties in Delhi has risen to as much as 5 times what it was before. This rule is very much applicable for properties that are located in the prime locations and leased out by the land and development office, under the urban development authority. The property owners who have converted their leasehold properties to freehold between 2000 and 2017 would undoubtedly have to pay the revised rent in accordance with the new change in policy. L&DO has... Read More
Buying a house may be easy for somebody but, buying a house in the desired location needs a lot of research to be done. Homebuyers these days are very keen on what they actually want. As the demand for house increases, so does the responsibility on the developer’s shoulders. People are looking for accommodations in serene locations even if the distance is a bit far from the city centre. With all these considerations in mind, majority of the buyers are looking for properties in around the a... Read More
The Gujarat Narmada Valley Fertilizers and Chemicals (GNFC) Township in Bharuch is the first ever to become a "cashless township", as more than ten thousand residents have resorted to following various modes of digital payments. The Chief Minister of Gujrat Vijay Rupani has inaugurated the township and expressed confidence that the other townships in the country will follow the same in future. Rupani also said,"I congratulate the residents of this township to have taken thi... Read More
The rental property market in Gurgaon may see upward movement because of Gurgaon Government’s move to provide rebate scheme on property tax payments. The government shall provide 25 percent refund on the amount paid as property tax and till this end of the year it is also ready to waive one time interest on the tax dues and arrears. Last date to avail this scheme will be 28th February 2017. Additional one percent rebate too is on offer by the government if the payments are made in digital... Read More
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
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