The Haryana Government's special panel has approved the municipal corporation in Gurgaon to resume property tax collection, following a suspension due to billing errors.
HUDA withdraws extra fee for alternative plots based on High Court verdict.
The housing sector is expected to face a supply shortage this year, with under-construction projects progressing slower than anticipated. Buyers may face delays as completion targets are unlikely to be met.
Arjun Kapoor will spend a week in Gurgaon to promote his film Aurangzeb, emphasizing the city’s real estate narrative and engaging with local residents.
Hines Realty from the US plans to enter India's residential market through joint ventures, focusing on mid-segment housing and possibly hotel projects in Delhi-NCR and Mumbai.
Gurgaon faces severe power and water shortages, impacting residents and raising concerns about civic standards. Waste management issues further compound the problems.
Cushman & Wakefield reported Rs.700 Cr in private equity investments in Delhi-NCR, with a notable decline in interest in Gurgaon despite overall growth in the market.
Project delays plague NCR's residential market, causing a 31% drop in new launches and leaving 140,000 unsold units, impacting homebuyers and developers.
HUDA removes construction deadlines for residential and commercial plots, allowing allottees to build based on financial stability. Extension fees apply after 12 years, with variations for plot sizes and commercial properties.
Essel Financial Services Ltd's private equity wing is set to launch a Rs.1000 Cr real estate fund focusing on residential projects across top cities in India.
Home sales, particularly new launches, experienced growth between January and March, spurred by developer discounts. Bangalore and Mumbai saw improved sales.
Rajasthan Royals renews contract with Supertech for IPL 2013, marking the third consecutive year of partnership. Both entities express mutual benefits from the association.
Home sales in NCR have surged by 46% in January, with clear property acquisition issues boosting buyer confidence. New launches dropped by 35% as developers focused on reducing unsold inventories.
Gurgaon's luxury housing market is shifting towards mid-segment luxury apartments, driven by rising property prices and a preference for premium amenities within a more affordable price range.
Industry experts predict a surge in mid-segment housing demand, driven by affordability, particularly for 2 BHK apartments across various regions in India.
Haryana Urban Development Authority (HUDA) has postponed the plot allotment in Gurgaon, extending the wait for 700 plot owners due to a High Court order.
SEBI has frozen the assets and bank accounts of Sahara group firms, affecting key real estate projects including Aamby Valley due to compliance failures with a Supreme Court order.
Theme-based housing is trending in the Indian residential market, driven by global exposure and increasing demand. Tata Housing and Disney are entering the market.
HDFC Ltd hosts 2-day property fair in Muscat for NRIs to invest in Indian properties, featuring 32 top developers and properties worth Rs.20 lakh to Rs.10 Cr.
Top English cricketers are eyeing Indian real estate, particularly in cities like Bangalore, Mumbai, and Goa, due to soaring property prices. They are considering land parcels, apartments, and even holiday homes.
Maxxed Realtor, a Gurgaon-based real estate advisory firm, launches Maxxed.in to expand services to NRIs. The user-friendly website offers information on various investment options, including projects by IREO, DLF, Tata, and Adani.
Indian builders showcase new projects at Kuwait Property Exhibition on January 11-12, targeting NRI homebuyers with properties from various cities and attractive investment opportunities.
Blackstone is in final talks to acquire Bangalore's Vrindavan Tech Village for Rs.900 crore. The IT park boasts major tenants like Cisco and Nokia, with Blackstone aiming to capitalize on rental income.
Haryana CM Bhupinder Singh Hooda's relatives have extensive real estate dealings, raising concerns over close ties between politicians and real estate corporations amidst allegations of misconduct.
The Competition Commission of India (CCI) is probing five real estate firms, including DLF, for alleged anti-competitive practices, with DLF already facing a hefty fine.