News & Facts

New home launches in Delhi NCR rise by 62% in the first quarter of 2016 New Delhi: According to Cushman & Wakefield, in the first quarter of 2016, the new launch of projects in Delhi NCR has risen by 62% despite the existence of unsold stock in several areas. The surprising fact is that out of the total launches that happened, 40% constitute the affordable housing segment. The ticket prices have fallen in the recent days due to the developers’ reducing their basic selling rates and ... Read More
Piramal arm to pump huge sums of money into Cornerstone’s Bengaluru project BENGALURU: Official sources confirmed that Piramal Fund Management, the real estate investment arm of Ajay Piramal Group, is very likely to invest close to Rs.350 crore on the project being developed by Cornerstone Group in Bengaluru. The 1000 acre project developed by Cornerstone near the International Airport will be named Knowledge city and it will have a very good infrastructure. Cornerstone will invite many ... Read More
KKR extends support to Mantri by giving Rs.145 crore BENGALURU: The Bengaluru based Mantri Developers has signed a MOU with the financial firm KKR to obtain Rs.145 crore to develop a luxurious residential project in the city in the near future. This particular development will occupy an area of 1.3 million sq ft of space. Sushil Mantri, Chairman and Managing Director of Mantri Developers, said, "We are really happy that a big financial institution like KKR is joining hands with us to develop ... Read More
Kundli Manesar Palwal Expressway to see a massive development in realty The Palwal-Manesar section that has a 136 km Kundli-Manesar Expressway will see a lot of projects coming up in the near future, on either side of its 2 km stretch controlled by the authorities. According to a spokesperson of Haryana State Industrial and Infrastructure Development Corporation, ( HSIIDC ) the project would be comprised of commercial, service and industrial developments. The Managing Director of HSIIDC Sudhi... Read More
Snapdeal Partners Puravankara, in a surprising move, offers a new rental scheme New Delhi: The association between the online marketplace Snapdeal and Puravankara has resulted in the latter offering rent to its buyers for seven years, in Coimabatore, Chennai, Bengaluru and Kochi. Around 200 ready-to-move-in apartments are on sale in these lines. In another development, Snapdeal and Puravankara have tied up with JLL India, the property consultant to announce a “Managed Residences Plan&rdq... Read More
15 percent cut in the circle rate will revive realty market Bagish Jha reports that Gurgaon has plans to slash down the circle rates by 15% to recuperate the realty market which has been sluggish for quite some time. In the recent years starting from 2014, there has been no decrease in the circle rates to uphold the buyer sentiments. But, for the first time in the history of Gurgaon, the circle rate will see a downward flow which will definitely be a good sign for the realty market to improve.... Read More
The proposed elevated road to undergo change in future The proposed elevated road above the Dadri-Surajpur-Chhalera (DSC) Road will get a new design according to the authority of Noida. This move is aimed mainly to develop sectors and provide connectivity to other areas. By doing this, the DSC road will see less traffic and motorists will be able to commute easily. The congestion in areas near Barola will get diffused to a significant extent. Apart from that the villages such as Bhangel and Sa... Read More
Dharamsala getting the status uplifted for the first time as Smart City SHIMLA: With a massive number of Westerners visiting the place, Dharamsala has become very popular for quite some time now. Apart from that the city has been added to the list of “Smart Cities” recently. More noteworthy information is that the spiritual leader Dalai Lama has settled there. Venkaiah Naidu, the Union Urban Development Minister proudly announced the winners of the Fast Track Smart Cities Competiti... Read More
Yamuna e way to offer 280 flats at unimaginable prices, via draw GREATER NOIDA: In a surprising development, the Yamuna Expressway Industrial Development Authority launched a brilliant housing scheme on Wednesday to offer residential flats, industrial plots and other commercial units. Out of the 280 residential flats that are on offer, the smaller units totalling to 200nos will be costing Rs.11 lakhs each and the remaining ones will cost about Rs.19 lakhs each because of its increased size. A ... Read More
Surprising discounts from Gaursons and Supertech and a waiver on maintenance Gaursons has come up with an idea to grant access for buyers to the stadium and gym at a very minimal cost possible. NOIDA: Two big builders of great repute in Noida have agreed to cut down the maintenance charges in a collective effort, for their buyers. Gaursons has sent out a circular to their buyers saying that the charges to access the stadium and gym will be minimized to a significant level. Additionally, if an... Read More
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