NEW DELHI: The sale and purchase of properties in south Delhi is likely to get more expensive as South Delhi Municipal Corporation has approved a proposal to increase the rate of duty on transfer of property from this financial year.The proposal was approved in a standing committee meeting on Friday and will be placed before […]
NEW DELHI: The sale and purchase of properties in south Delhi is likely to get more expensive as South Delhi Municipal Corporation has approved a proposal to increase the rate of duty on transfer of property from this financial year. The proposal was approved in a standing committee meeting on Friday and will be placed […]
Realty firm Signature Global will invest Rs 225 crore over the next four years to develop a new affordable housing project in Gurugram, Haryana. The project, comprising 852 units, will be developed under the Haryana government’s affordable housing policy. Signature Global said in a statement that the project cost is estimated at Rs 225 crore. […]
Leading realty firm Godrej Properties is well placed to maintain its growth momentum this fiscal despite headwinds due to the Covid-19 pandemic, and will look to increase market share as well as add projects available at a distressed valuation, a top company official said. In his message to the company’s shareholders in the annual report, […]
NEW DELHI: Housing sales has dropped by 66% across top 9 cities in India in the second quarter of 2020, according to a report by PropEquity, an real estate data and analytics platform. According to data, sale has dropped to to 21,294 units versus 62,851 units in Q1 2020. The sales fell primarily as the […]
As the country emerges from the lockdown in phases, homebuyers in tier 1 cities have once again started searching for properties on real estate portals, says the Magicbricks Propindex report. Real estate prices in metros dropped by up to 5% in the April-June quarter Q-o-Q change in volume of property searches on Magicbricks website in […]
NEW DELHI: Leading developers in NCR are getting increasing queries from homebuyers for studio and serviced apartments during the Covid-19 crisis as they look for cheaper houses that are close to their workplace. According to developers, a lot of buyers are ready to spend Rs 50 lakh to one crore for a studio apartment in […]
GURUGRAM: Mayor Madhu Azad on Sunday night decided to postpone the House meeting scheduled on Monday till further notice citing non-availability. Sources said the mayor’s team feared protest during the house meeting over exchanging land with developers. The councillors said the corporation wanted to give alternate land in exchange of redundant revenue roads falling within […]
In a significant verdict, the Punjab and Haryana High Court has quashed Haryana government’s orders vide which the government in 2001 “illegally” permitted construction of commercial complex in Gurgaon on a land reserved for residential society. The matter pertains to the construction raised in approximately 18.98 acres of land right adjacent to the Delhi-Jaipur National Highway, in Gurgaon, […]
Net leasing of office space plunged 73.4 per cent in the April-June period across eight major cities due to sharp fall in demand because of the Covid-19 pandemic, according to Cushman & Wakefield. Net absorption of office space stood at 37.15 lakh sq ft during April-June 2020 as against 139.85 lakh sq ft in the […]
GURUGRAM: A group of developers and plot owners from the city has sought relaxations in the way floor area ratio (FAR) is calculated. On Friday, the builders met the director of the department of town and country planning, KM Pandurang, and proposed that lifts and staircases are not included in the FAR. They told the […]
Following the Covid19 outbreak and the national lockdown, the realty sector has started witnessing some green shoots as homebuyers are back in the market across tier-1 cities, though in lower numbers, showed Magicbricks’ Propindex April-June report. The report suggests the market sentiments are changing as shown by the buyer searches on Magicbrick’s property portal. Property […]
