India Property, Real Estate India

DLF sells 350 flats for Rs 500 cr in luxury housing project at Gurgaon

2012-02-23T17:25:00.001+05:30

NEW DELHI: DLF, the country's largest realty firm, has sold 350 flats worth about Rs 500 crore in a luxury housing project at Gurgaon. The housing project 'The Primus', which is part of a 450 acre integrated township - DLF Garden City, was launched yesterday and all the flats were sold on the same day. According to sources, the company achieved a sales booking of about Rs 500 crore from

Red Fort Capital invests Rs. 150 crore in 3C project

2012-02-21T22:24:00.000+05:30

3C, which is based in Noida, plans to develop premium apartments priced between Rs. 50 lakh and Rs. 1.5 crore in the yet-to-be-named project on a 47.5 acre site in Gurgaon Bangalore: Private equity firm Red Fort Capital Advisors Pvt. Ltd has invested Rs. 150 crore in a residential project conceived by the 3C Company in Gurgaon, a suburb south of New Delhi, its latest offer of funding to the

Mid-segment property prices rise, luxury housing sees decline

2012-02-13T13:23:00.002+05:30

In Delhi, residential prices have risen by up to 20% and in Gurgaon and Noida by up to 15%, according to a February report by Macquarie Research Bangalore: Prices of mid-segment properties have risen as demand has held up across the country for such homes over the past few months while they have declined for premium and luxury apartments as buyers have been able to drive a harder bargain in

Dlf Primus Garden City

2012-02-13T12:58:00.002+05:30

DLF Primus Garden City Sector 82A Gurgaon •Adjoining vast acres of planned open spaces*•1000 acres approximately of open spaces as earmarked in Gurgaon Master Plan 2021•Adjoining sectors 91, 92, 95, 87, 81 and 81AThe pioneers of HIGH END APARTMENT Developments proudly bring toyou a community where you can live luxuriously in the lap of greens.Enhanced by about 1000 acres of planned open

Robbing Yamuna's riches: Farmhouses eat up 30km of Nodia floodplain area set aside for agriculture after mafia move in

2012-02-13T11:49:00.000+05:30

Illegal construction work on farmland is causing price of vegetables to rise There is a new Noida coming up, full of farmhouses served by well-lit concrete roads. But homebuyers beware. This settlement is illegal, as it sits on land that is part of the Yamuna River's floodplains. The land mafia has usurped hundreds and thousands of acres of land on the Yamuna's floodplains in blatant

UP dept blames cops for river encroachment

2012-02-09T12:27:00.001+05:30

The UP irrigation department has said more than 100 FIRs had been lodged against land mafia, involved in the illegal sale of plots and mining activities, in the floodplains of Yamuna and Hindon, an ecologically-sensitive belt, but the police failed to act. Taking the police to task, DM Hridesh Kumar has ordered all such offenders be booked under the National Security Act (NSA). The

Land mafia grabs 2,500 acres of Noida riverfront for township : North News - India Today

2012-02-06T11:41:00.003+05:30

Thousands of acres of fertile land in the floodplains of the Hindon River - an ecologically sensitive zone - has been usurped by the land mafia in Noida and illegally sold to buyers for constructing houses. Already, hundreds of concrete structures have mushroomed on these plots, some houses sitting only metres away from the river's course. The district administration is aware of the plunder of

Jaypee Boomerang Residences

2012-01-16T15:22:00.000+05:30

Welcome to the epitome of luxury. Welcome to your destiny. At Boomerang Residences, you are destined to live a life of luxury. Imagine an entire floor especially for you. These residences have been especially designed to ensure privacy, such that as soon as you step out of the elevators, you're home. Standing tall at over 20 floors, these limited, 108 ultra luxurious condominiums tower above

Jaypee pulls out of Ganga e-way

2012-01-13T13:25:00.000+05:30

NOIDA: In a major setback to the Maya government and commuters, the Jaypee group has reportedly pulled out of the 1,047km-long Ganga Expressway project after withdrawing the Rs 1,000 crore bank guarantee. Sources in the developer group said that the government had failed to provide environmental clearance for the project and it was in no position to invest a huge amount in it. Image via

Kotak Realty Fund exits 3C’s Noida IT park

2012-01-05T14:20:00.000+05:30

It’s also likely the first of more exits this year as several funds enter final phases of their investment cycles, adding pressure on builders Bangalore: Private equity firm Kotak Realty Fund has sold its stake in 3C Company’s information technology park project in Noida back to the promoters, earning a return of less than 30% on its investment, chief executive S. Sriniwasan said. The fund

DDA's role as housing watchdog may get the axe

2012-01-02T15:12:00.000+05:30

Image by My Grand Observatory via Flickr Delhi Development Authority (DDA) could soon lose its monitoring role over all housing activities in the national capital. The finance ministry has initiated work on creating a new regulator for the capital's housing sector to replace the DDA, which currently acts as a regulator, a housing board as well as a builder. The move is likely to face

Flat owners' association in Noida Ext to move court

2011-12-31T12:16:00.002+05:30

NOIDA: A flat owners' association in Noida today decided to take legal recourse after a private developer allegedly sent letters to its flat buyers asking interest on pending installments. The Noida Extension Flat Owners and Members Association (NEFOMA) decided that it would approach court in the second week of January. "Palm Olympia Builder is charging interest from buyers, and not

Small steps towards transparency in 2011

2011-12-29T19:34:00.000+05:30

The government seems to have woken up to the crisis in the real estate market by introducing a couple of draft Bills and some regulations. However, it still has a long way to go To not get defrauded of your money you saved up for a house, to own a house free of title disputes or to get a clean deal are simple rights that any homebuyer would like to exercise. Unfortunately, in the largely

Real estate regulator should not become another approving authority: FICCI

2011-12-24T18:00:00.000+05:30

Image via Wikipedia The revised version of the Real Estate (Regulation and Development) Bill, 2011 in its current form will create another approval authority, rather than creating a true regulator, said Rajiv Kumar, secretary general of the Federation of Indian Chambers of Commerce and Industry (FICCI). The industry chamber today said that while the bill will help improve transparency

Delhi: Property prices may fall 20-30% by mid-2012

2011-12-21T15:24:00.001+05:30

Real estate prices may fall 20-30% in several pockets of Delhi-NCR and Mumbai in six months, but experts are divided on whether and when prices will decline across the board. A study by HT of the balance sheets of India’s top 10 listed developers revealed a massive oversupply and a slowdown in sales: they are sitting on an estimated Rs 31,000 crore worth of unsold properties. Already, most

Developers to hike new flat prices by up to 25% in Noida Ext

2011-12-04T18:48:00.001+05:30

NEW DELHI: New flat buyers at Noida Extension will have to pay 25 per cent more as developers have decided to pass on to consumers the burden of the Rs 3,000 crore payment notices that the Uttar Pradesh government had issued to land allottees. "We do not have any option but to pass on the burden to customers. The existing buyers will have no impact, but we will increase the prices for

City turns costlier, house prices up by 30% since last September

2011-11-25T13:33:00.001+05:30

CHENNAI: Residential property rates have been going through the roof for months but new data shows that the spike for the quarter ending September was 30% more than the same period last year. Chennai's central business district saw the highest price increases due to surging demand, according to NHB Residex, an RBI-supervised mechanism that tracks housing prices in 15 cities. However, prices

Will property prices come down now?

2011-11-22T17:08:00.001+05:30

The residential real estate sector is set to decelerate, according to a report by Nirmal Bang Institutional Equities. One of the main reasons is that the inventory level is expected to go up over the next one year because of declining sales amid increased launches of new projects. The consequent weakness in transaction volumes will exert pressure on developers in servicing their debt.

Brand Noida Vs Brand Gurgaon: Where would you put your money in the battle of the burbs?

2011-11-19T18:36:00.001+05:30

Gurgaon's zooming real estate prices underline the fact that it has arrived as a leading commercial and residential hub while Noida and Greater Noida continue to lag behind. Commercial space in Gurgaon today fetches a monthly rent of between Rs 120 and Rs 140 per square foot. In Noida, the same space is available for a paltry sum of Rs 35 per square foot. The same story holds for residential

Formula One: Grand Success

2011-11-02T17:39:00.001+05:30

Red Bull Formula One driver Sebastian Vettel of Germany drives during the Indian first F1 Grand Prix at the Buddh International Circuit in Greater Noida, on the outskirts of New Delhi, October 30, 2011. (Reuters Photo/Adnan Abidi) New Delhi. The success of India's inaugural Formula One championship over the weekend won over not only skeptical Indians but also the F1 establishment, which till

Builders to benefit from higher floor area ratio in Greater Noida

2011-10-28T13:03:00.000+05:30

NEW DELHI: A few months ago, when the Allahabad High Court first cancelled the acquisition of land in a few villages in Noida Extension area of Greater Noida, real estate developers were in a fix. Projects and home sales got stalled and developers expected to suffer a huge loss. Now, in its latest order, the high court has cancelled the acquisition of land in three villages of Noida and

Oberoi Realty overtakes Unitech as 2nd most valued realty firm

2011-10-17T17:01:00.000+05:30

NEW DELHI: Mumbai-based Oberoi Realty has pipped Unitech to become the country's second largest real estate company after DLF in terms of market capitalisation. Oberoi Realty's market cap now stands at Rs 7,372.12 crore, higher than Unitech's Rs 7,149.92 crore. While DLF has retained its position as the country's most valued company with a market cap of Rs 39,444 crore, Unitech has lost

Jaypee Launching Soon Jaypee Garden Isles at Wish Town

2011-10-08T13:54:00.000+05:30

PRODUCT BRIEF Project Name: Jaypee Greens Garden Isles Location: Sector 133, Noida Expressway Connectivity: Well connected by Noida-Greater Noida expressway, 45m wide sector roads and 32m wide internal roads. Positioning: The project is a premium development planned in Wishtown Noida. The architecture is inspired by The Classical White Lines of Historic Greek, yet the rising towers

DLF Capitol Point, Connaught Place

2011-10-01T18:33:00.002+05:30

Highlights CBD. The project is part of the Central Business Distt. of the Capital. Approach. The approach is easy and avoids traffic congestion Access. All GF shops have direct access from the road. Visibility – Branding Opportunity. All shops are road facing and the provide excellent branding opportunity as well Automated Parking. Parking is a growing problem in CP. Inner circle is also

WAVE INFRA TECH launches "WAVE ELEVEN"at sector 18 Noida.

2011-10-01T18:31:00.000+05:30

ÒWave Infratech is coming up with approx 30,000 meter of retail commercial project Wave 11 at Noida Heart called as sector -18.Ò Built in keeping the modern work styles of entrepreneurs. Ò Wave 11 is designed to keep you a step ahead.ÒThe project itself will be a home to many office spaces, retail shops SCO (Shop Come Office).Ò Multiplex, huge car parking space etc, thereby exclusive