Delhi-NCR Observe 20 to 27% Hike in Real Estate Prices

Published: June 13, 2011

Real estate prices in some localities of the national capital skyrocketed by 20 to 27 percent in the first quarter of the current fiscal as compared to the corresponding period of 2010-11, an industry report said Wednesday. “Property prices for Delhi have seen escalation if we compare per square feet prices of quarter (Q)1-11 over [...]

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Adani Realty Forays Into Delhi-NCR, Inks JV with M2K

Published: May 3, 2011

Adani Realty Business and Delhi-based realtor M2K Group will jointly develop residential projects on 41 acres of plot the latter owns in Gurgaon, near Delhi, marking Adani’s foray into the Delhi-NCR.
The real estate arm of the ports-to-edible oil Adani group will develop two projects on separate parcels of land. The projects will cost 1,500 crore [...]

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Did Not Get a Flat in DDA Draw? Explore Options in The NCR

Published: April 30, 2011

Those who did not find their names in the recent DDA draw might be feeling a little low as they may not be able to purchase a house in the capital with no DDA scheme in the near future. Experts, though, say that there is no point in cursing fate - they aver that it [...]

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Commercial Space Demand in India to Touch 160 mn sq ft By ‘14

Published: April 5, 2011

Demand for commercial office space across the seven major cities in India is estimated at around 160 mn sq ft by 2014, a latest study by multi-national real-estate services firm Cushman and Wakefield Research (CWR) has revealed.
The quantum of demand will mainly be concentrated in the metropolitan centres of Bangalore, Mumbai and National Capital Region [...]

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Sobha Developer to Launch Projects in NCR and Chennai

Published: April 4, 2011

As Sobha Developers prepares to launch projects in new markets such as the National Capital Region (NCR) and Chennai, it could look at monetising more land to raise funds, according to reports. J C Sharma, managing director of Sobha Developers said that finances for the new project launches have already been tied up but the [...]

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Delhi Govt To Start Allotment of 10,000 Low-cost Flats

Published: March 14, 2011

Delhi government will soon start allotment process of nearly 10,000 low-cost flats to slum dwellers in the city.
Industries Minister Ramakant Goswami today said the government’s infrastructure agency Delhi State Industrial and Infrastructure Development Corporation (DSIIDC) has completed construction of 9,660 houses which will soon be handed over to Delhi Urban Shelter Improvement Board (DUSIB) for [...]

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DLF to Launch Luxury Residential Project “DLF Kings Court” Tomorrow

Published: February 21, 2011

The country’s largest realty firm, DLF, plans to launch one of the costliest residential projects here this week offering 38 luxury housing units at a price range of Rs 15-25 crore. The company will launch on Tuesday a super luxury residential project ‘DLF King’s Court‘, which is spread over 2.3 acres of land at Greater [...]

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Property Price Correction Expected in Mumbai and Delhi

Published: November 9, 2010

Property prices in Mumbai and New Delhi are set to decline by almost 15 to 20 per cent in the next couple of months, according to an Indian real estate consultancy.
“A correction is likely to happen in Mumbai and New Delhi property prices. We believe the fall could be in the range of 15 to [...]

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Commercial Real Estate Faces the Problem of Supply Overhang

Published: August 6, 2010

India’s realty sector is likely to face the problem of plenty with office rental space set to outstrip demand resulting in a further drop in rentals, according to a report released on Tuesday. “With the forecast growth of net completions expected to outpace that of net absorption, a significant supply overhang is expected to remain [...]

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10 to 20 Percent Decline Expected in Mumbai and NCR Delhi Real Estate Bookings

Published: May 17, 2010

Real estate prices for new bookings in Mumbai and NCR Delhi are expected to be 10 to 20 per cent lower than prevailing market rates feel analysts as developers are still bogged down by unsold inventory in projects in these areas.
Though absorption of unsold flats have gone up in the last six months due to [...]

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DLF to Launch Two Housing Projects in Mumbai

Published: April 1, 2010

DLF, the largest real estate developer in the country by market capitalisation, is looking to launch two housing projects in Mumbai at a price range of between Rs 15,000 and 25,000 per square feet as it expects the residential segment in the region to outpace the retail and commercial markets. The company will launch a [...]

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