Although the Real Estate (Regulation and Development) Bill, 2016 was passed by Parliament in March 2016 and all the 92 sections of the Act come into effect from May 1, only 13 states and R
The Real Estate (Regulation and Development) Act, 2016, popularly known as RERA, came into effect from May 1, 2017, as was originally stipulated a year ago. It is not as if the states have R
A bench of the National Green Tribunal (NGT), headed by chairperson justice Swatanter Kumar, on April 21, 2017, directed the Delhi Development Authority (DDA), to inspect the floodplains near Okhla and submit a comprehensive R
In 2006, the real estate market in the National Capital Region (NCR), was witnessing the growth of a number of property segments. Sushant Lok, a newly-developed region of Gurgaon, was emerging as a real R
As per the information received from the Ministry of Urban Development, the proportion of green area in the National Capital Region (NCR) has declined from 4.26% in 1999, to 3.30% in 2012, environment minister R
The National Green Tribunal (NGT) took strong exception today to rampant incidents of waste burning in National Capital Region and summoned top officials to explain the reasons behind it.
The market for rental accommodation in the Delhi-National Capital Region (NCR), has remained strong, especially along the outskirts. With the government‘s demonetisation drive affecting real estate sales, the rental market has gained momentum. Consequently, R
When Arpita Gupta, a clinical psychologist, came to New Delhi for her research work, she was unable to find a rental accommodation in and around Delhi, where she could stay for just a few R
Across the globe, International Women‘s Day on March 8, celebrates the social, economic, cultural and political achievement of women. This year‘s theme for International Women‘s Day is â€˜Be Bold for Change‘ and change is R
Residential real estate sector In 2016, about 89,000 residential units were launched across the six major cities in India, which is 34% less than the units launched in 2015. Out of the total new R
Priyansh Jain, a textile merchant from New Delhi, has an independent three-storeyed property in upmarket Pitampura locality. He has a large joint family and is now looking to sell his property and relocate to R
With a thriving start-up ecosystem aided by the Modi Government‘s efforts to create an enabling environment for entrepreneurs across the country, demand for co-working spaces has been rising in recent times. Among the main R
The ED has issued a show cause notice to NRI businessman C C Thampi and his firms for alleged violation of forex laws amounting to over Rs 288 crore in acquiring vast tracts of land in Delhi and adjoining areas.
Lt Governor Anil Baijal on February 22, 2017, tasked the Delhi Development Authority (DDA), with preparing a year-wise data of encroachment on its land in the national capital and devising an action plan to R
On November 8, 2016, the Government of India de-notified currency notes of Rs 500 and Rs 1,000 as legal tender. The temporary shortage of cash adversely impacted several sectors that depended on cash, notably R
Micro-markets that have mixed land use development, availability of high-end, as well as affordable housing projects, superb connectivity and all the necessary amenities in projects, are increasingly being sought-after in the country. Post the R
The service aims to bring emergency medical care to people's doorstep, the company said in a release issued here.
Although the implementation of various regulatory reforms, such as the Real Estate (Regulation & Development) Act (RERA), Goods and Services Tax (GST) and the Benami Transactions (Prohibition) Amendment Act, 2016, are likely to bring R
The company plans to foray into plotted land development business, which will help the company increase its presence in different cities, according to a media report.
Sales volume and new launches fell by 23% and 46% each in the second half of 2016, a report by real estate consultancy Knight Frank has revealed. The fourth quarter of 2016, saw a R
The Delhi government, recently, cleared the fourth phase of the Delhi Metro project, covering 103 kilometres and taking the network to the outer areas of the National Capital Region (NCR). The mega project, as R
Interspersed between old localities and newly developed regions, Ghaziabad has seen tremendous real estate growth in the past decade. Serviced by the Delhi-Meerut Highway and the National Highway 24, the city is well-connected with R
When the market is witnessing high levels of unsold inventory, investing in a new region has its own share of risks, notably, non-completion of projects, delayed delivery and absence of basic civic infrastructure. The R
One of the largest real estate developers in China, the Wanda Group, has submitted a proposal for setting up a greenfield integrated industrial township in Sonepat, in a joint venture with the Haryana State R
The Eastern and Western Peripheral Expressways, being constructed at a cost of Rs 15,000 crores, are expected to be thrown open by August 2017. The two roads will reduce Delhi’s congestion by 50%, besides R