A Foreign Realty

November 12, 2014 / 0 comments

  The easing of FDI (Foreign Direct Investment) norms for the Indian construction industry is going to help the real estate sector, which has been gasping for funds after the banking system turned off the ‘easy loan’ tap for many realtors – a ‘facility’ that they had begun to take for granted. Rather than RBI…

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Farmhouses are now havens where the rich retreat to escape the city

November 12, 2014 / 1 comment

  For Delhi’s swish set, the farmhouse is a necessary symbol of rustic luxury. These sprawling walled estates that abut the nation’s capital have witnessed some of the most lavish parties, and are havens where the rich retreat to briefly escape the city. The past few years, however, have seen some of the who’s who…

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With New FDI Rules, Relief In Sight For Realtors – Busness Standard – 12-Nov-2014

November 12, 2014 / 0 comments

The recently-concluded festival season proved a damp squib for real estate developers. In spite of hefty advertising and promotion, sales didn’t pick up. Many developers were hoping to offload some parts of the huge inventory they are stuck with, but their efforts came to naught. The only cheer came towards the end of the month…

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Wary Of Fallout, Govt May Delay Call On Changes In Land Law – The Indian Express – 12-Nov-2014

November 12, 2014 / 0 comments

Worried about the adverse political fallout of watering down provisions of the Right to Fair Compensation and Transparency in the Land Acquisition, Rehabilitation and Resettlement Act, 2013, the NDA government is unable to decide whether to go ahead with its plan to amend the Act in the forthcoming winter session of Parliament or try and…

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Unauthorised Colonies Top Priority: New MCG Engineer – Times of India – 12-Nov-2014

November 12, 2014 / 0 comments

The new MCG chief engineer R K Singla assumed office on Tuesday, three days after B S Singroha was sent back to the public health engineering department. Singla, who was earlier chief engineer of the public health department in Panchkula, said his first priority will be to provide basic amenities to residents of the 44…

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SAT Clubs DLF Chief’s Petitions With Main Case – Financial Chronicle – 12-Nov-2014

November 12, 2014 / 0 comments

The Securities Appellate Tribunal (SAT) today bundled the petitions from DLF promoter-chairman K P Singh and four others with the main petition that the realty major has filed with the quasi judicial body on October 22 and put off the hearing on the matter to December 10. DLF chairman K P Singh, his son and…

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Makaan On Sale: MagicBricks, Quikr In Talks For Acquisition – The Economic Times – 12-Nov-2014

November 12, 2014 / 1 comment

People Group, which owns and operates real estate portal Makaan.com, has entered into talks with potential buyers, to sell the venture, at a time when the country’s online property space is being seen as the next battleground for global risk capital and strategic investors. MagicBricks. com and online web and mobile classifieds company Quikr are…

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International Airport At Gr Noida May Finally Take Off, Says Minister – Times of India – 12-Nov-2014

November 12, 2014 / 0 comments

  Talk of an international airport in Greater Noida has resurfaced with newly appointed junior minister in the civil aviation ministry and MP from GautamBudhNagar, Mahesh Sharma, saying he will explore the possibility of setting up the project. Sharma, who will take charge on Wednesday, said he would discuss the issue with the UP government…

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HUDA Houses 60% Cheaper Than DDA’s – The Economic Times – 12-Nov-2014

November 12, 2014 / 0 comments

  Even as more than 10 lakh applicants continue to wait for the lucky draw results for 25,000 housing units Delhi Development Authority (DDA) housing scheme, real estate experts feel there is no need for despair for those who miss the opportunity. For, there are more affordable and attractive options in vicinity to the DDA…

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HCC Stock Up On Lavasa IPO Nod – Business Standard – 12-Nov-2014

November 12, 2014 / 0 comments

Hindustan Construction Company (HCC) has rallied 10% to Rs 37.50 after its real estate arm Lavasa Corporation received approval from the capital market regulator  to launch its initial public offering (IPO). The Securities and Exchange Board of India (Sebi) has issued ‘observations’ on Lavasa Corporation’s IPO, marking the end of the regulatory process before the…

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Building By-laws To Get Simpler Easier To Follow And Faster – Hindustan Times – 12-Nov-2014

November 12, 2014 / 0 comments

Getting building sanction plans and completion certificates in Delhi will get simpler. A draft for the ‘simplification of unified building by-laws for Delhi’, prepared by the Delhi Urban Art Commission, has been put in the public domain for objections and suggestions till November 17. The unified building by-laws will be more comprehensive, clear to understand…

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To Make Capital Slum-Free, Govt To Allot 8,815 Flats To Poor – Hindustan Times – 11-Nov-2014

November 12, 2014 / 1 comment

  After a long wait, Delhi’s slum dwellers will finally be allotted flats. Lt Gover nor Najeeb Jung on Monday chaired a meeting to discuss the allotment of flats constructed for the economically weaker sections and slum dwellers in Delhi. According to Delhi government officials, Jung directed the chief executive officer of the Delhi Urban…

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