New Delhi to see over 2.5 million sq. ft. of new commercial real estate in the coming quarters. Redevelopment of New Delhi Railway Station is also underway.
Two expressways in Delhi NCR boost real estate development in Noida, Greater Noida, and Dwarka. Residential projects face water, sewage, and funding challenges, impacting delivery and pricing.
Credai-NCR successfully resolved 896 consumer-developer issues through the Consumer Grievance Redressal Forum, receiving praise at their recent AGM.
According to JLL India's report, foreign retailers may delay their entry into India due to high costs and upcoming elections, impacting real estate developers and rentals.
Investment in township projects around cities and suburbs is seen as a better option, with experts suggesting that these areas hold more potential for growth and higher returns.
Portuguese foreign minister Paulo Portas, during his visit to India, announced residency permits for Indian realty investors in Portugal, extending access to the entire European Union.
Connaught Place in New Delhi and Bandra-Kurla Complex (BKC) in Mumbai are listed among the top and most expensive office locations in the Asia-Pacific region, according to Cushman & Wakefield's annual survey.
Spice Global, led by Bhupendra Kumar Modi, is entering the hospital and real estate sectors with the Saket City Hospital set to open by 2014, aiming to expand across India.
Real estate sector signals recovery with new launches and investments by major players. Supertech, Ansal API, DLF, and Mantri Realty announce significant investments.
Air India plans to monetize its real estate assets, including properties in Delhi, Mumbai, Chennai, London, and Tokyo, to address its financial challenges and raise around Rs. 5,500 crore over the next ten years.
Surging property prices have led to a significant decline in residential sales across major Indian cities, with reports indicating a 42% drop in 2012.
The Indian government dismissed inquiries into claims against Robert Vadra and DLF Ltd. Vadra denied accusations of using political power for illegal land deals. DLF shares fell sharply.
Parsvnath Developers is in talks with Sahara Group and ICICI Bank to sell its 1.18-acre plot near Connaught Place, aiming to reduce its Rs 1,300 crore debt.
Indian developers prepare for the 20th India Property Exhibition in Doha offering NRI investors over 100 diverse property options across major cities starting March 16, 2012.
Demand for homes in smaller Indian cities attracts big real estate developers, with 354 million sq ft of residential development expected in 3 years.
RBI's rate hike impacts homebuyers, say builders and bankers. Increased interest rates expected to further lower home sales as buyers reconsider purchases.
Real estate brokers in major Indian cities are switching to other businesses due to a slump in home sales. Smaller players are particularly affected, forcing many to seek jobs in different sectors.
Real estate prices in NCR surged by 20-27% in Q1 of the current financial year compared to the same period last year, driven by continued demand and infrastructure improvements.
Wealthy buyers of Commonwealth Games apartments in Delhi struggle to gain occupancy, facing rising loan interest and deteriorating conditions at the vacant properties.
Multinational retailers like Walmart, Carrefour, and Tesco may soon be allowed to open stores in India under strict investment norms and sourcing conditions.
JP Morgan has financed $30 million for Parsvnath Developer’s La Tropicana residential project in New Delhi, allowing Red Fort Capital to exit with a 30% return.
The Income Tax Department has significantly expanded its real estate holdings, acquiring properties worth ₹2,500 crore across over 20 cities to enhance taxpayer services.
DDA's 2008 housing scheme in Vasant Kunj, South Delhi, remains largely unoccupied due to lack of basic amenities like water and electricity.
The Income Tax Department is investigating real estate deals in New Delhi to combat black money and tax evasion. They will scrutinize developer funding and individual transactions.
India is gearing up to host its first Formula One Grand Prix, spearheaded by Jaiprakash Gaur, founder of Jaypee Group. The race will be held at a new "sports city" being developed near New Delhi.