NCR

An apartment admeasuring 5,700 sq ft in Gurgaon was leased out at Rs 290,000 per month. The apartment, set in one of the high-end residential projects, has the advantage of being situated at an easy driving distance from commercial centres, secondary business districts and is also near the international airport.
The average rental value for high-end [...]

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The real estate sector is expected to remain robust despite the global slowdown , but it’ll not witness the kind of price appreciation it has seen in the past. Anuj Puri, chairman & country head, Jones Lang LaSalle India, says mid-income residential real estate seems a good investment option. For long-term investors, the residential real [...]

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Sunday’s settlement with farmers in Noida by the Noida Authority should help revive consumer confidence and sales of homes, that had taken a knock after the protests in Greater Noida spilled over there. The farmers have agreed to call off their agitation. “This will immediately restore consumer confidence in Noida,” Shakti Nath, CMD, Logix Group, [...]

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Ireo, the private equity fund dedicated to the Indian real estate sector, has announced the launch of its new integrated township project “IREO – Fiveriver”. Spread over a sprawling 200 acres, the project is located in Panchkula, on the outskirts of Chandigarh.
Ireo Fiveriver has a unique mix of recreational and wellness facilities catering to multiple [...]

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Real-estate sale volumes in Mumbai, one of the strongest residential market in the country, have plummeted more than 70% since its 2007 heydays, says a recent report by global property consultant Knight Frank.
A drop in transaction volumes has hit the Central Mumbai market the hardest as the quantum of unsold inventory makes up over 40% [...]

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Alpha G:Corp Development (Alpha G:Corp), a Gurgaon-based real estate developer and a partner of Morgan Stanley, has launched phase III of its residential project, GurgaonOne 84. To be built at a cost of Rs 290 crore, the project is spread over 12.5 acres in Sector 84, Gurgaon, which is termed as New Gurgaon.
The CEO and [...]

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Mumbai is ranked third as the most promising investment market, and the first as the most favoured development market, in the recent Emerging Trends in Real Estate Asia Pacific 2011, a real estate forecast jointly published by the Urban Land Institute (ULI) and Pricewaterhouse-Coopers (PwC). “Projections for Mumbai in 2011 look good, as the city’s [...]

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As part of its expansion plans, Pune-based Kumar Urban Development Ltd (KUL) is looking to launch seven residential and three commercial projects with a total developable area covering 2-2.2 million square feet in the coming two quarters of this fiscal. The new projects will include two high-end residential and two commercial projects at Pune and [...]

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The proposed Real Estate Regulation Bill may be delayed. The ministry of housing and poverty alleviation, which was set to table the draft bill during the Monsoon session of Parliament, is yet to get the law ministry’s opinion on it. The draft Bill was sent to the law ministry for vetting nearly two months ago. [...]

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Mumbai-based Acron Infra Projects is developing a large residential complex at Karvenagar in the heart of Pune, a three-hour drive from the metropolis of Mumbai.
“We are building a large, affordable residential complex with a total of 2,800 apartments spread over a 24-acre green campus in the heart of the city at Karvenagar,” Amar J Britto, [...]

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