Property Prices in India Expected to see Biggest Rise in Five Years, Rents likely to go up too
Property prices in India are expected to increase 7.5% on a pan-India basis this year, the fastest growth in five years, according to a Reuters poll of property analysts. Average house prices were forecast to rise 6% next year and in 2024. The poll of 13 property analysts were held during May11-27. In a March […]
Gurugram: Atul Kataria Chowk Flyover opens Ppartially, 2nd arm by June 15
After missing several deadlines, the four-lane flyover at the busy Atul Kataria Chowk intersection was partially opened to traffic moving towards Kapashera on Sunday. The second arm of the carriageway, officials said, would be ready and operational by another fortnight. The 735-metre-long flyover seeks to improve connectivity between the Gurugram bus stand and Kapashera and […]
Palam Vihar-Dwarka Metro Route Fails to Get Haryana Govt’s Nod
The metro expansion plan in the city has been delayed as the Palam Vihar-Dwarka Sector 21 project failed to get approval from the state government on Wednesday. RITES, which had prepared its detailed project report (DPR), has been asked to study the possibility and feasibility of shifting a 1.5km stretch of the route in Delhi […]
Tulip Infratech to Develop Stuck Project of Vipul Ltd, to Invest Rs 4,000 Crore over Seven Years
Insolvency proceedings against Vipul Ltd were withdrawn in 2020 and Tulip Infratech took over the incomplete mixed-use project in 2021. Gurgaon-based real estate firm Tulip Infratech plans to deploy around Rs 4,000 crore over the next seven years on a stuck mixed-use project that it took over from Vipul Ltd in the millennium city. The […]
Housing prices spike in 8 cities; Delhi-NCR tops list
According to the study released by industry body Credai, average housing prices across the country rose 4%, while the number in Delhi-NCR was nearly triple, at 11.3%. Prices in Bengaluru and Mumbai Metropolitan Region (MMR) increased only 1%. Delhi and the National Capital Region (NCR) saw the highest year-on-year surge in housing prices among eight […]
Real Estate Sector Welcomes Govt Announcement to Cut Duties on Iron, Steel Inputs
The move is ‘timely’ and will help bolster the availability of raw materials domestically, cool off prices of steel products, and help tide the rise in prices of real estate projects, strengthening consumer sentiment, said experts. A day after the government slapped an export duty on certain steel products, reduced the import duties on select […]
Plotted Developments: The Next Major Real Estate Trend in India
Plotted Developments are scaling up on the real estate horizon and emerging as the hottest real estate trend in India. Basically, plotted developments are scathes of land area that are sold to develop homes, villas, condominiums, offices, retail or any other asset class. It is available within security aided gated communities, with high-end amenities and […]
Why SCO is a Good Bet in Real Estate Business
SCOs (Shop-cum-Offices) are a new and innovative commercial setup flourishing in the real estate sector. Delhi-NCR has seen massive growth in the development of this concept due to its enormous benefits. Emerging as a vital sector after facing the challenges of the pandemic, the real estate sector has brought a set-up that assures them good […]
SPR Revamp: 8 Flyovers to Come up on Stretch & Underpass at Vatika Chowk
GMDA is planning to redevelop Southern Peripheral Road (SPR) with the construction of eight flyovers and an underpass along the 12km stretch. This comes five months after chief minister Manohar Lal Khattar directed GMDA officials to modify the Golf Course Road (Extension) upgrade plan to include the entire SPR. The earlier plan put before Khattar, […]
Revamp of 3 Key New Sector Roads on Cards
GMDA is planning to redevelop three key road stretches in new sectors. According to officials, the stretches being targeted are on the master roads dividing sectors 61 and 62, which also divides sectors 60 and 63, and the master road dividing sectors 62 and 65. Several gated societies like Pioneer Park and Pioneer Presidia, as […]