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5 must-haves in Budget for real estate sector »

Many expect this budget to be Modi government’s North Star for years to come and naturally there are tall expectations from the budget. As of now, everyone is waiting to know what the budget has in store for them. The newly formed government hopefully can deliver the promise.

The real estate and associated sectors (Hospitali.....

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Learn the tricks of property investment »

You would have heard of someone who is a pro when it comes to investment. They would buy a property, stay invested for some time, exit the market only to re-enter somewhere else and gradually the value of their investment just gets bigger! Sounds almost like a dream? Here are some tips.

Case 1: You have a modest budget, but yo.....

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Are new infra-projects in Noida-Greater Noida an investment opportunity? »

The Yamuna Expressway Industrial Development Authority's (YEIDA) board has recently approved the budget for a multi-modal transport system. Budget has also been allocated for a master plan of essential services such as electrification, sewage, water and drainage. The total budget allocated is approximately Rs 7,580 crore.

.....

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Govt committed to Housing For All by 2022: President in Budget address »

The budget session of Parliament began today with President Pranab Mukherjee addressing joint session of both the houses.

"Inclusive growth covering the poorest of poor is the government's top priority," Mukherjee said while addressing the members of two houses of parliament at the start of the budget session. ?"My governm.....

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Home buyers, industry share their Budget expectations »

Magicbricks has been highlighting over the past couple of weeks what the real estate industry expects from the Union Budget 2015. Magicbricks ran a survey to get the perspective of the buyers as to what they need the government to do for the sector this Budget. Interestingly, the buyers’ and the industry’s expectations are quite similar. Let’s have a look at what th.....

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Smart township on cards for Greater Noida »

Delhi/NCR
A smart township is likely to come up in Greater Noida soon, with the Yamuna Expressway Industrial Development Authority on February 20 taking a major stride towards shaping the integrated residential colony.

Get hold of good properties in Greater Noida now -

Officials said t.....

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Nod for mapping good news for illegal colonies »

Delhi/NCR
The Delhi government has started the process for fixing boundaries of unauthorized colonies to give shape to the promise of regularization. Resuming the work from where the first AAP government left off in February 2014, deputy chief minister Manish Sisodia has decided to begin the process of regularization w.....

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Greater Noida may allow taller buildings »

Delhi/NCR
The Greater Noida Industrial Development Authority (GNIDA) has proposed to amend its building bylaws in order to allow taller buildings in the city, among other changes.

The proposal was mooted in a board meeting of GNIDA, held earlier this month, officials said on Friday.

The Authority has now sought ob.....

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Participate in Budget 2015 Predict, Ask and Win Contest and grab exciting prizes. Hurry! DDA planning 2,500 affordable service apartments for elderly »

Delhi/NCR
Delhi Development Authority is working on a first-of-its-kind senior citizens' housing scheme, senior officials have said. Officials claim it will be for the first time in India that affordable apartment units, where citizens aged 60 years and above will be able to spend their lives comfortably post-retirement, will come up on such a.....

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Don’t cut utilities without flat deeds, GDA tells Shipra »

Delhi/NCR
Residents of five multistorey residential complexes in Indirapuram and Kaushambi have been saved from the withdrawal of several facilities the construction company has been providing them since the time the apartments were sold.

The Ghaziabad Development Authority (GDA) has refused to provide.....

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Cabinet to take up National Urban Housing Scheme Thursday »

New Delhi: The national urban housing scheme aiming to provide houses for all by 2022 is likely to be taken up by the Union Cabinet Thursday.

The blueprint of the National Urban Housing Scheme, to be called Sardar Patel National Housing Mission, is ready and likley to be considered by the Cabinet tomorrow, sou.....

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Developers attracting home buyers with discounts, iPads, gold coins »

If you have made up your mind to buy a property this year and have already done your research, perhaps it is a good ime to enter the market. Developers have sensed the sluggish real estate sector and are going a step ahead to lure buyers into making a final purchase. Therefore, don’t be surprised if you get to hear of up to 10 grams free gol.....

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Land rates will impact Noida’s real estate »

Delhi/NCR
It is said that every little raise in land rates affects the property market in a big way. And, when the jump is as high 18%, even amateurs can imagine the effect on the market!

Check out the Real Estate in Noida here -

The Noida authority recently increased land allotment ra.....

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Gurgaon finally moves towards 2BHKs »

At 40 per cent supply, the 2BHK category has finally made its presence felt in the Gurgaon market during the Oct-Dec 2014 quarter, giving stiff competition to the 3BHK category.

Considering properties in Gurgaon? Just a click away!

The affordable housing scheme in Gurgaon seems to have had a l.....

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Budget 2015: What\'s on your wishlist? »

As the nation awaits with bated breath for Budget 2015, Magicbricks asks its users what they expect from the Finance Minister with respect to measures in the real estate sector. Click to voice your opinion

It is that time of the year when real estate stakeholders across the country - developers, brokers, bankers, policy makers.....

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Transit-oriented realty gets the nod from DDA »

Delhi/NCR
One of its most ambitious plans for vertical growth, transit-oriented development was approved by Delhi Development Authority on February 16. The policy incentivizes people living around Delhi Metro corridors for clubbing their lands and creating mixed-use, high-rise development pockets. Lakhs of Delhi's .....

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Noida\'s Okhla eco zone delay upsets homebuyers »

Delhi/NCR
More than five months after the new contours of the no-construction zone around the Okhla Bird Sanctuary were finalized, a delay in the final notification is making thousands of homebuyers increasingly frustrated and restless.

With all legal and environmental hurdles in the way of getting pos.....

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Bloomberg team, Urban Development Min officials discuss smart city scheme »

New Delhi: Senior Urban Development Ministry officials and a Bloomberg Philanthropies delegation on Tuesday held discussions for over five hours to advance the government's ambitious smart cities initiative, a day after Prime Minister Narendra Modi announced a partnership with the foundation.

The discussio.....

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Tata Housing starts five affordable housing projects »

New Delhi: Tata Housing Development Company has started five affordable housing projects, including one in the city, a top official of the company said Tuesday.

"We are setting up five affordable housing projects across the country, including Kolkata," Tata Housing CEO and Managing Director Brotin Banerjee tol.....

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Average housing prices rise by 3% in Delhi-NCR during Oct-Dec 2014 »

Delhi/NCR
Housing prices in Delhi-NCR rose by an average 3 per cent during October-December period of 2014 compared to the previous quarter as property market showed some signs of improvement, according to a report by real estate portal 99acres.com.

"With healthy appreciation in housing prices in most .....

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Despite new stock, Pitampura home owners bank on rental returns »

While property market has been sluggish for quite some time now, there is no denying the fact that the rental market has not correspondingly dropped. In fact, if you are an investor, you would know the best alternative to cash in from this slowdown. Therefore, a lot of house owners who went in for re-development are giving their properties on .....

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Are you availing tax benefits that your property brings to you? »

It’s that time of the year when all of us are busy calculating tax deductions and benefits of investments. However, many of us still don’t know how to calculate taxes and avail tax benefits that our property gives us. In a bid to guide our consumers in the same regard, Magicbricks organised a Gurutalk - a live chat session with Vaibhav San.....

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What citizens of Delhi want in their city »

Delhi elections are finally over and locals are hoping for a reforms-centric, citizen-oriented regime in the capital. With sanitation being one of the concerns, enthusiastic citizens say that they would love to further PM Modi’s vision of a ‘Swacch Bharat’ in collaboration with the state government. Local Circles is one such forum that h.....

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Pay extra or surrender plots, says YEIDA »

Delhi/NCR
The Yamuna Expressway Industrial Development Authority (YEIDA) will allow allottees of its residential properties, who do not want to pay additional charges, to surrender their plots within 90 days. Allottees can submit their applications to YEIDA, officials said.

Looking for a property in Ya.....

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Budget 2015: Expect positive reforms for real estate, says Rajiv Mohan »

With the Union budget for 2015-16 round the corner, the real estate sector is ready with its wish-list, hoping for a favourable treatment from the new government.

In the coming Budget the sector expects the government to continue with positive reforms and policies, said Rajiv Mohan, MD, Cherry Hill Interiors Limited.
<.....

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\'Urban housing shortage to touch 3.4 cr units by 2022\' »

New Delhi: The shortage of urban housing across the country will increase to an estimated 3.41 crore units by 2022, mainly on the back of demand-supply gap and rising levels of income among the working class seeking to purchase houses.

According to the 'White Paper - Indian Housing Industry' by researc.....

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Avg housing prices rise by 3% in Delhi-NCR during Oct-Dec 2014 »

New Delhi: Housing prices in Delhi-NCR rose by an average 3 percent during October-December period of 2014 compared to the previous quarter as property market showed some signs of improvement, according to a report by real estate portal 99acres.Com.

"With healthy appreciation in housing prices in most residential pockets, the realty atmos.....

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Property buyers spoilt for choice as developers pushing sales »

New Delhi: With developers in a race against time to clear their inventory and push sales, property buyers are spoilt for choice as realty firms are offering discounts, freebies and attractive financing schemes, say experts.

Realty players like Kolte-Patil Developers, Tata Housing, Puravankara Projects, Godrej.....

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Developers can\'t take investors for a ride: SC »

New Delhi: Supreme Court Monday directed real estate giant Supertech to refund money to the flat owners within 30 days, saying "developers can't take investors for a ride."

"You cannot be holding back money of investors who do not want to be relocated in other projects....Developers can't take investors for a ride. If they want re.....

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DLF to form two REIT platforms to monetise assets »

Delhi/NCR
India's largest real estate firm DLF said it will establish its first real estate investment trust (REIT) in the first six months of 2015-16.

"The groundwork on REITs is underway. Many strategic and financial investors for REITs are in touch with us," Ashok Tyagi, group CFO at DLF, said i.....

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Would you like free gold coins or cash discounts »

If you have made up your mind to buy a property this year and have already done your research, perhaps it is a good ime to enter the market. Developers have sensed the sluggish real estate sector and are going a step ahead to lure buyers into making a final purchase. Therefore, don’t be surprised if you get to hear of up to 10 grams free gol.....

Read More »
 

Noida, Greater Noida builders owe Rs 100 cr to govt »

Delhi/NCR
The Uttar Pradesh labour department is struggling to recover over Rs 100 crore worth of labour cess from developers in Noida and Greater Noida. Officials have sent notices to the developers, many of whose projects are either completed or nearing completion.

Gautam Budh Nagar is the highest co.....

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Yamuna e-way zone to auction biz plots »

Delhi/NCR
Yamuna Expressway Industrial Development Authority (YEIDA) is getting ready to auction commercial plots in Sector 22A, located along the Yamuna expressway.

Officials said that 22 such plots, ranging from 112 sq m to 140 sq m, have been reserved at a price of Rs 98, 634 per sq m for investors,.....

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Riverfront planners caught in time warp »

Delhi/NCR
Delhi had planned for a riverfront for Yamuna as early as 1913 to give the new capital an aesthetic promenade from Wazirabad in the north to Indrapat (Purana Qila and its surroundings) in the south. Hundred years on, the central government continues to idealize urban riverfronts like that of the Sabarmati and.....

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Neemrana: Making its presence felt »

Delhi/NCR
Known primarily to be an industrial town on the Delhi Jaipur Highway, and known only for its picturesque fort, Neemrana suddenly gained prominence when a Japanese industrial zone was established in the town.

It was only recently that the announcement of ShahjhanpurNeemrana-Behror urban comple.....

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Bids sought for first smart city on Delhi Mumbai corridor »

Delhi/NCR
Five years after work started on building smart cities along the DelhiMumbai Industrial Corridor, the government has moved past the conceptualization stage and has finally sought bids for building core infrastructure.

The Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC) on Th.....

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Noida sec-150 to be NCR\'s greenest patch »

Delhi/NCR
The Noida Authority plans to develop Sector 150 as an ideal sector, with 80% of the 600-acre area as green cover and construction limited to the remaining 20%. The sector, according to officials, will also have a 42-acre park, one of the biggest in the country, besides a low-density Sports City.

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Your well-being is rooted in your building’s health »

Have you been suffering from frequent headaches, unexplained irritability, chronic fatigue or even fluctuating blood pressure? Did you know these may be directly related to the building that you are staying in or working out of? Maybe you should be pushing for a check on the wellness of your building in addition to your doctor’s visit to che.....

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Hotel Leela gets stay against NDMC move »

New Delhi: Hotel Leela Palace has secured a stay order from the Delhi High Court against New Delhi Municipal Council's move of attaching its bank account for not clearing property tax dues.

"The High Court of Delhi had stayed the recovery proceedings. At the last hearing held on January 13, 2015, the matte.....

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NAREDCO seeks review of hike in foreign remittance ceilings »

Delhi/NCR
Realtors' body NAREDCO today sought review of the RBI's decision to double the annual overseas investment ceilings for individuals to $ 2,50,000, saying the move could have an adverse impact on domestic real estate industry.

NAREDCO said that it has made a representation to the Prime .....

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Now, circle rates set to rise in Noida »

Delhi/NCR
Buying property in Noida and Greater Noida is likely to become costlier, after UP stamp and registry department increases circle rates by an expected 17-20%. With allotment rates already raised, circle rates are expected to follow, said UP stamp and registration department officials.

The assi.....

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Realty sector pushes for sops in Union Budget »

Delhi/NCR
With the Union budget round the corner, every section of society, especially businesses, are looking for signs of relief from finance minister Arun Jaitley. In the real estate hubs of Noida and Gurgaon, the realty sector is hoping this budget would bring sops to revive the moribund sector.

Al.....

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Delhi\'s Janak Puri votes for equal lifestyle »

Janakpuri is one of those constituencies in Delhi which has its mention in both – the most preferred area for buying as well as renting properties. However, these two portray different stories.

Checkout properties in Janakpuri!

Divided by the Pankha Road united by name, Janakpuri has two par.....

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Smart is the buzzword in Rohini this elections »

Rohini, one of the biggest assemblies in Delhi, is also known for its self-sustained infrastructure where schools, hospitals and marketplaces are available within a 5 km radius.

Checkout properties in Rohini!

In fact, PropIndex (Oct-Dec 2014), the India Apartment Index by Magicbricks, has show.....

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Uttam Nagar: Delhi’s most affordable constituency »

Uttam Nagar, one of the top preferred localities of Delhi for property purchase has another tag in its kitty – the most affordable constituency!

Interested in properties in Uttam Nagar?

Although PropIndex (Oct-Dec 2014), the India Apartment Index by Magicbricks, lists Uttam Nagar at second position in the list of the mo.....

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DDA may lose its monitoring role over all housing activities in Delhi »

Delhi/NCR
Delhi Development Authority (DDA) could soon lose its monitoring role over all housing activities in the national capital. The finance ministry has initiated work on creating a new regulator for the capital’s housing sector to replace the DDA, which currently acts as a regulator, a housing board as well as .....

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Centre legalizing illegal colonies: HC »

Delhi/NCR
The Delhi high court on February 5 raised questions on the recent amendment to the National Capital Territory of Delhi Laws (Special Provisions) by the government, saying that Centre is "legalizing the illegal."

According to the amendment, unauthorized constructions up to June 1, 2014 would b.....

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Bijli, paani main agenda for elections in Dwarka »

One of the important constituencies in Delhi Vidhan Sabha elections, Dwarka is also the top preferred locality for outright purchase according to PropIndex, Magicbricks’ India Apartment Index for the month of Oct-Dec 2014. Dwarka is just second to Saket when it comes to rental accommodation. The city has been considered for Smart City projec.....

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Top 5 ways how luxury developers attract buyers »

A luxury seller is quick to notice your lifestyle. This helps him understand your taste, choice and the kind of money you would be willing to spend. Magicbricks reached out to some realtors to understand their tactics.

Considering luxury properties in Delhi?

The developer knows you

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Gauri Khan signs up with realty major TCDL as their brand ambassador »

Gauri Khan, interior designer, film producer and wife of Bollywood superstar Shah Rukh Khan, has joined forces with realty megacorp Tulsiani Constructions and Developers Ltd. (TCDL) as their brand ambassador for 2 years.

While Gauri shall be seen in their future advertisements, she will be designing TCDL’s next generation ho.....

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DLF\'s net debt rises by nearly Rs 400 cr to Rs 20,336 crore »

New Delhi: Realty giant DLF's net debt has increased by nearly Rs 400 crore during the third quarter of the current fiscal to Rs 20,336 crore.

According to investors' presentation, the net debt of DLF, the country's largest real estate developer, rose to Rs 20,336 crore as of December 31, from Rs 1.....

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Tata Housing to invest Rs 1500 cr on two new realty projects »

New Delhi: Tata Housing will invest about Rs 1,500 crore to develop two new residential projects in Mumbai and Kolkata and has started selling apartments from today through its online 'National Home Buying Week'.

Tata Group's realty firm is offering 2,000 units in 25 projects, including these two n.....

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Parsvnath gets Rs 572 cr back from Chandigarh Housing Board »

New Delhi: Realty firm Parsvnath Developers on Friday said it has received Rs 572 crore from the Chandigarh Housing Board after both parties agreed to accept arbitration award in a dispute over development of a real estate project.

Last month, a sole arbitrator had directed the Chandigarh Housing Board (CHB) t.....

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New home launches in 2014 dip 12% at 1.53 lakh units »

New Delhi: Real estate developers launched 1.53 lakh new housing units during the last calendar year, a fall of 12 percent from 2013, in the country's top eight cities.

According to property consultant Cushman & Wakefield, cities such as Ahmedabad, Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai .....

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Noida raises land rates by a steep 18% »

Delhi/NCR
Land allotment rates in Noida were increased by a steep 18.4% on February 4, the biggest hike in recent times that coincides with the state paying additional compensation to farmers from whom it acquired plots.

The decision was taken at a joint board meeting of the Noida, Greater Noida and Ya.....

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Biggest budget pie for infra projects »

Delhi/NCR
The Noida and Greater Noida authorities tabled their annual budget for the financial year 2015-16 on February 4. It amounted to a total of Rs 15,8881 crore. Rama Raman, chairperson of the three GB Nagar authorities, earmarked Rs 8,887 crore for Noida, while Rs 6,994 crore was allocated to Greater Noida Author.....

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Three spots picked for smart city pilot project »

Delhi/NCR
Three areas in Delhi would be taken up as models for developing the capital as a smart city. Government sources said Delhi Development Authority (DDA) has suggested a Lake City in Mayur Vihar-II, development of a land patch in Karkardooma in eastern part of the city and a greenfield project in outer Delhi.

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Budget 2015: What\'s on your wishlist? »

As the nation awaits with bated breath for Budget 2015, Magicbricks asks its users what they expect from the Finance Minister with respect to measures in the real estate sector. Click to voice your opinion

It is that time of the year when real estate stakeholders across the country - developers, brokers, bankers, policy makers.....

Read More »
 

What\'s in store for Delhi this elections »

In the next few days, Delhi will be undergoing legislative assembly polls for the second time in the last 36 months. Nothing much has changed this time except a few candidates and their ideologies. With all major parties coming out with their vision statements and manifestoes, here are five common agendas that each party is bidding for a ‘be.....

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More realty space on Metro route soon »

Delhi/NCR
Even as construction work on the 28-km Noida-Greater Noida Metro link is slated to begin in March this year, a proposal made in 2013 to allow more realty space along all Metro corridors could be notified by the state government at the same time.

The Noida and Greater Noida Authorities had pro.....

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LEED certification makes firms, homes put ‘green’ foot forward »

The first commercial interior in India to be certified as LEED v4, the newest version of the LEED green building programme from the US Green Building Council (USGBC), was awarded the dynamic plaque in Gurgaon. Group 10 Technologies, an entrepreneurial venture, took the leap of faith when it was setting up its office on Sohna Road, Gurgaon.

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What are buyers looking for in North, East India »

In a recently held Magicbricks webinar, noted experts E Jayashree Kurup, industry expert and head-content and research, Magicbricks and Uma Sitharaman, lead researcher, IIMB-Century Real Estate Research Initiative (CRERI) presided over the webinar.

Check out luxury properties in India!

There was an overwhelmin.....

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Budget 2015: Meet PM Narendra Modi\'s core team of top officials »

Delhi/NCR
A core team of top, trusted officials is sequestered deep in North Block, working feverishly towards meeting the monthend deadline for the presentation of the budget in Parliament on February 28. One of the most anticipated in recent times, the budget that will lay down the framework of the Narendra Modi gove.....

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Ghaziabad may propose 20% rebate for timely clearing of taxes »

Delhi/NCR
The city municipal corporation has proposed a 20% tax rebate for residents who clear their dues on time. The proposal will be presented to the board of the civic body for approval in its next meeting. Once approved, it is likely to come into effect from the financial year 2015-16.

Bills perta.....

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ADB says committed to supporting smart cities in India »

New Delhi: Manila-based Asian Development Bank (ADB) today said it is committed to supporting India's ambitious plan to build 100 smart cities in the country.

ADB President Takehiko Nakao said the agency will continue to play an important role in the development of inclusive, green and resilient cities and.....

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Pride Asia: Parsvnath returns land, CHB gives Rs 567 crore »

New Delhi: The curtains on much-publicised integrated township project 'Pride Asia' promoted by realty firm Parsvnath Developers in collaboration with Chandigarh Housing Board finally came down with later agreeing to refund the award money and former returning the land.

"We have agreed to part ways on .....

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CCI pulls up builders for exploiting buyers; but lets them off »

New Delhi: Coming hard on real estate players across-the-board for "exploitative conduct" and unfair trade practices, the Competition Commission on Wednesday asked them to mend their ways, but stopped short of penalising them due to lack of evidence.

The fair trade watchdog also said there is an urgent need fo.....

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India, Spain to sign MoU to develop Delhi into Smart City »

New Delhi: Spain has come forward to assist in transforming Delhi into a Smart City and a memorandum of understanding (MoU) will be signed shortly between the two countries accordingly.

An understanding to this effect was reached at a meeting between Urban Development Ministry M Venkaiah Naidu and a nine-membe.....

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Realtors unhappy over RBI policy; seek interest cut in future »

New Delhi: Realtors' apex body CREDAI on Tuesday expressed disappointment at the RBI's decision to keep the key policy rates unchanged, saying the country cannot afford any more delay in pushing the economic growth.

Real estate developers sought reduction in interest rates in future to boost housing sa.....

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Delhi NCR flat sales during July-Dec drop by 43% but prices go up »

Delhi/NCR
The residential real estate market in the National Capital Region (NCR) slumped to its worst performance in a decade, with sales plunging 43% in July-December 2014 compared with the same period the previous year, according to a report prepared by consultancy firm Knight Frank India.

However, while sales volumes were down to only .....

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Investors eyeing smaller units in Delhi NCR »

With most active real estate markets recording a growing interest towards smaller unit sizes, how has Delhi and its immediate vicinity been faring? Here’s a brief look-

PropIndex (Oct-Dec 2014), a quarterly research initiative by Magicbricks, shows that 2BHK units were a popular pick but there was a supply deficit. On the co.....

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Housing sales may not recover in 2015-16 fiscal: India Ratings »

Housing sales are unlikely to recover in the next fiscal as high property prices have made residential units unaffordable for end-users, India Ratings & Research said while maintaining a negative to stable outlook on the real estate sector. The agency said credit metrics of real estate companies would continue to deteriorate next fiscal year, .....

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Extend tax benefits to housing sector: NAREDCO council chief »

Delhi/NCR
Industry body National Real Estate Development Council (NAREDCO) has sought reintroduction of tax benefits for the housing sector to boost demand.

Re-introduce "tax benefit under section 80-1B(10) in coming union budget 2015 to provide tax benefits for the housing sector up to basic selling p.....

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State approves leaseback policy for abadi land »

Delhi/NCR
Protests by nearly 15,000 farmers of Greater Noida have finally yielded results. The Uttar Pradesh government on January 28 approved a leaseback policy for abadi land in the city.

The policy, hanging fire for the last two years, promises return of acquired abadi land to the farmers. It was pa.....

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In Pics: Latest Noida real estate trends »

Noida, Greater Noida and Ghaziabad have typically been the affordable markets of NCR, meeting the housing aspirations of many who wanted to live near the capital city. In Noida, properties in the Rs 60-100 lakh category remained in demand throughout the year.

However, towards the second half of the year a gradual shift was not.....

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Why NCR wins buyers from Patna? »

When 29 year old Prateek Mishra, working with a software firm in Noida, contemplated an investment in Patna, his folks advised that Noida could be a better deal. For a lot of buyers, stuck in a similar situation, this may help-

Today, a handful of areas in Patna such as Boring Road, Pataliputra Colony, Kankarbagh, Doctor’s C.....

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In pics: Gurgaon latest real estate trends »

The year began on a positive note for Delhi with the Listed Price witnessing a rise of 1 per cent. However, the positives ended there. The year 2014 for Delhi realty was a period of lull when the market dynamics did not favour both buying as well as selling. While there was enthusiasm over the land pooling policy in the beginning of the year, .....

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Are you ready for smart cities, Naidu asks states »

Government on Friday asserted that states and urban local bodies will play a key role in the Smart City project to be rolled out in a phased manner on PPP model this year.

Addressing the final consultative workshop on Smart City with states and stakeholders, Urban Development Minister M Venkaiah Naidu sought to dispel the perception that "Centre will buil.....

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Lots of housing options in Delhi NCR »

With many parts of Delhi being saturated for further residential development, places close to the capital have become potential investment destinations. The only housing stock that remains in many of the traditional and established areas are either resale units or redeveloped properties.   

Check out new properties in Delhi!

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Bricks & Bytes: 5 things that can push up property buyers’ sentiment »

As the Indian Republic turned 66 today, Magicbricks sends warm Republic Day greetings to all. Matching the excitement we saw at the Republic Day Parade with the US President Barak Obama and First Lady Michelle enjoying the impressive parade along with Prime Minister Narendra Modi, there is optimism and youthful enthusiasm in the air.
<.....

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What is in Bhiwadi for you? »

Bhiwadi seems to have just crossed its baby years. Prospective buyers have been constantly asking Magicbricks about the prospects of Bhiwadi on Open House, the discussion forum on Magicbricks. Here’s an overview of the area…

Prices: Budget is a primary determinant. Within Bhiwadi property market, prices of flats are in the.....

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More counters for DDA allottees »

Delhi/NCR
DDA has decided to open more counters and depute more staff to process the paperwork of thousands of successful allottees turning up at its headquarters to claim their flats.

Know more about DDA Housing schemes

Senior officials have said that after receiving .....

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GMC notice to 800 house tax defaulters »

Delhi/NCR
The Ghaziabad Municipal Corporation (GMC) has issued notices to over 800 defaulting property owners in the city, asking them to pay their property taxes without any delay. The GMC has set January 24 as the deadline for defaulters to clear their dues.

Officials said impounding notices will be .....

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Illegal builders along e-way to face heat »

Delhi/NCR
Sending out a strong signal to illegal colonizers, developers and encroachers, the Noida Authority on January 23 issued a public notice warning them of legal penal action if they indulge in any unauthorized, illegal and criminal business of land properties in Yamuna Expressway Industrial Development Authority.....

Read More »
 

Smart city plan: Criteria agreed for selection, ranking »

New Delhi: The government's initiative for creating 100 smart cities achieved a major milestone Saturday as the various stakeholders came out with the criteria for the selection and ranking of cities and also broadly agreed on innovative financing models and urban governance reforms to be implemented as part of the project.....

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Omaxe\'s gross debt rises by 5 pc to Rs 1,147 cr during Dec qtr »

New Delhi: Realty firm Omaxe Ltd's gross debt increased by over 5 percent to Rs 1,147 crore as on December 31, 2014 compared Rs 1,087 crore as on September 30, 2014.

In a presentation to investors, the national capital-based developer also informed that the company has to make debt repayment of Rs 201 cror.....

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Office space absorption up 28% at 32.5 mn sq ft during 2014. »

New Delhi: Office space absorption increased by 28 percent to 32.5 million sq ft during last year in the country's eight major cities on the back of improved business sentiments post-election, according to property consultant Cushman & Wakefield.

Office absorption in these eight cities -- Ahmedabad, Bengal.....

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Delhi-NCR housing sales drop 43% in 2014 »

New Delhi: Housing sales in Delhi-NCR market declined by 43 percent last year at 40,575 dwelling units, the lowest in a decade, while prices rose marginally by 3 percent, according to property consultant Knight Frank India.

The National Capital Region, the country's largest residential property market, had.....

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Housing sales may not recover in 2015-16 fiscal: India Ratings »

New Delhi: Housing sales are unlikely to recover in the next fiscal as high property prices have made residential units unaffordable for end-users, India Ratings & Research said while maintaining a negative to stable outlook on the real estate sector.

The agency said credit metrics of real estate companies wou.....

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Smart cities progress to hinge on power, infra and others »

New Delhi: A successful development of proposed smart cities across the country will depend on five critical elements such as power, infrastructure, funds, technology and social capital, property consultant Cushman & Wakefield said Thursday.

The Centre plans to develop 100 smart cities as satellite towns of la.....

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Priority sector lending benefits for housing sector likely »

New Delhi: In order to boost real estate development, government is planning to extend priority sector lending benefits to the housing sector and work on bringing down the interest rates to 7-8 percent.

"We are for the entire housing sector to come under priority sector lending and working towards it. I have m.....

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GCE Road is well-suited for investors as the risks are low »

Delhi/NCR
Golf Course Extension Road is among the few new areas of Gurgaon that will see end user demand in the near future.

Rajan Ahuja, director of Realty and Verticals, says: “The current real estate mar ket is such that only longterm investment will work now. Gone are the days when you could inve.....

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Ghaziabad civic body mulls free parking scheme for house tax payers »

Delhi/NCR
The Ghaziabad Nagar Nigam (GNN) has come up with an innovative plan to encourage people to pay their house tax on time - it is mulling to provide free parking in the city for a year to residents who pay property tax.

For instance, if the free parking is implemented in May this year, then thos.....

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Indiabulls AMC launches first real estate fund »

Delhi NCR: Indiabulls Asset Management Company (IBAMC) Tuesday said it has launched its first real estate fund, which aims to raise Rs 1,000 crore.

Indiabulls Real Estate Fund, a close-ended scheme, also marks IBAMC's entry into the alternative investment fund (AIF) space.

The proposed tar.....

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Govt wants municipal bodies to simplify land use change to boost housing »

Delhi/NCR
As cities and towns are struggling to meet the growing need of housing, government has a series of prescriptions for municipal bodies and development authorities to augment land supply for this purpose, particularly for affordable housing. It has also recommended that authorities simplify the process of sanct.....

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Godrej Properties sells 49 percent stake in subsidiary »

Delhi/NCR
Mumbai-based developer Godrej Properties has sold 49% shareholding in its subsidiary, Godrej Premium Builders, which is developing a project at Sector 104 in Gurgaon, to Sun-Apollo India Real Estate Fund.
In an announcment to the Bombay Stock Exchange, Godrej Properties, the real estate development ar.....

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CCI order related to realty sector likely in 2-3 weeks: Ashok Chawla »

Delhi/NCR
The Competition Commission is likely to pass its ruling in next two to three weeks on the alleged unfair business ways in the realty space, a case where about 20 entities came under the regulator's scanner.

"We will come out with our order. It will be a speaking order and I can't say at this stage what our thinki.....

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GDA to lease unsold properties for health units »

Delhi/NCR
The Ghaziabad Development Authority (GDA) has decided to lease its unsold properties - residential and commercial - to the district health department for running primary health care centres and health posts in the city.

GDA officials said the district health department had on Monday written t.....

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India wants to own a home in 2015 »

As per a recent poll and survey conducted by Magicbricks on ‘Property Resolutions for 2015’, more than 50 per cent of the respondents resolve to buy a new home for themselves this year!

Click here to checkout properties!

We are almost 15 days into the New Year and as usual are busy trying to keep our resol.....

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DDA, HUDA flats still a popular choice »

While everyone is raving about the affordable housing policy of Gurgaon and the various projects that have already been launched by several established developers, the DDA and HUDA schemes still seem to hold fort among buyers!

Checkout properties in Delhi!

More than 65 per cent of the buyers i.....

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Flat-owners refuse to pay extra compensation, say will move HC »

Delhi/NCR
The Greater Noida Authority has issued notices to 32 housing societies, asking them to pay Rs 2,015 per square metre as additional compensation for land-losers.

Officials in the Authority said the notices had been served according to the orders of the Allahabad high court, which had in 2011 directed 64.7% additional comp.....

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Haryana Government asks 575 builders to register sale deeds in 20 days »

Delhi/NCR
The Haryana Government has directed 575 builders or coloniser licensees to register sale or conveyance deeds of the transferred properties within 20 days, failure of which can lead to action against the non-compliers.

Complaints were received from the allottees alleging that "colonisers have collected a huge amount from .....

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DLF proposes provision to sue regulators; CCI rejects idea »

New Delhi: Locked in face-offs with two different regulatory agencies CCI and Sebi, realty major DLF's Chairman K P Singh today suggested a provision in laws to sue regulators if their decisions get overturned at later stages.

CCI Chairman Ashok Chawla immediately rejected the idea, which was made to him b.....

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SC asks its registry to keep fine paid by DLF in PSU bank »

New Delhi: Supreme Court Monday asked its registry to invest in a nationalised bank the money deposited with it by real estate major DLF as a fine which was imposed by the Competition Commission of India (CCI).

DLF, which had earlier deposited 150 crore out of total fine of Rs 630 crore, today gave another Rs .....

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Top 5 affordable cities in India »

Affordable Housing or ‘Housing for All by 2022’ is a vision that the Central government is pursuing laboriously. The aim is to provide affordable homes in the price budget of upto Rs 25 lakh. This vision has influenced the preference of buyers across the country. As per PropIndex (Oct-Dec 2014), an India Apartment Index report published by Magicbricks, maximum demand .....

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\'Furnish flat deeds, else face action\' »

Delhi/NCR
In a stern message, the Ghaziabad Development Authority (GDA) has told all the builders in the city that police cases will be filed against them if they do not furnish the deeds of declaration (DoDs) to flat owners immediately.

"The approximately 250 builders have been told that the GDA will .....

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Soon, property registration only after proper verification »

Delhi/NCR
In a bid to protect buyers and curb rising incidents of property fraud in Noida and Greater Noida, the UP government plans to make verification of a property mandatory before its registration by the stamp and registry department. While it's not clear whose job will it be to verify properties, both the Noi.....

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Top 5 factors to consider for a perfect retirement destination »

While planning for a perfect retirement destination, people can start by asking themselves, “What would I like to do during my retirement years?” Whether you would like to take up a job, start your own company or just relax and live with or close to your children. Not just people close to 60 years of age but even the youth plans in some wa.....

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Investment tips to save tax for first time home buyers »

With the financial year about to end, the tax-related issues such as how to calculate the tax on your property, how much you can save through your home loan, what are the tax implications on rented property, are major concern for many. In a bid to adhere to the need of our readers, Magicbricks organised GuruTalk, a live chat session with the G.....

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A cut in repo rate brings cheer to realty sector »

A cut in reverse repo rate by 25 basis points by the Reserve Bank of India on Thursday has brought in hope for the real estate sector. In this weak economic scenario, where real estate in particular is desperate to pick up and has a huge target to chase to meet the mission Housing For All by 2022.

Home loan rate becomes cheap!.....

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Metro to make inroads into Noida, Indirapuram »

Delhi/NCR
In a move to boost up the connectivity and to ensure a smooth ride for commuters, the Delhi Metro Rail Corporation (DMRC) and the Noida authority have set the stage for metro to roll out to Greater Noida. The two have recently signed an MOU for the same. Metro connectivity in Noida got a big push recently wit.....

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CCI order related to realty sector likely in 2-3 weeks: Chawla »

New Delhi: The Competition Commission is likely to pass its ruling in next two to three weeks on the alleged unfair business ways in the realty space, a case where about 20 entities came under the regulator's scanner.

"We will come out with our order. It will be a speaking order and I can't say at this.....

Read More »
 

PropTiger enters secondary market property deals space »

New Delhi: Backed by funding from Rupert Murdoch-led News Corp, realty portal PropTiger has forayed into secondary market property transactions and plans to expand operations in ten more cities in the next 18 months.

Noida-based PropTiger, founded in February 2011, has so far facilitated sales of over 10,000 h.....

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CCI order soon on case related to unfair ways in realty sector »

New Delhi: Competition Commission is expected to soon finalise its order on alleged unfair business practices in the realty sector, a matter where around 20 entities have come under its scanner.

The Commission, which had issued notices to various real estate entities with regard to the caseaa, has completed th.....

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Living on rent? Subventions schemes are for you »

Have you been living on rent all your life and craving for your own home? Try investing in a subvention scheme in Delhi NCR. Here’s why?

Anil Joshi, a 37-year-old working with a private firm in Noida does not own a house. He, along with his wife and one child, has been living on rented accommodation ever since he got married.....

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Plea in NGT over DDA \'lake city\' in Mayur Vihar »

Delhi/NCR
An environmental activist has filed a plea against Delhi Development Authority's proposed "lake city complex" near Sanjay Lake in Mayur Vihar.

Seeking a ban on any such proposals, petitioner GL Verma has claimed that the project will shrink the catchment area of the lake, which is needed .....

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Delhi: How would you want the costliest house to be? »

Keshav Nandgopal has long been planning to buy a luxury property in Delhi. Throughout his two years of research on these properties, he believes he has come across developers asking for inflated prices for just a good location. Magicbricks decided to ask homebuyers what they expect luxury to really be. Here are some of the answers.

Read More »
 

Golf Course Extn Road: A safe bet for investors »

Delhi/NCR
Golf Course Extension (GCE) Road is among the most promising areas within Gurgaon. It is well suited for end users and investors looking for steady, long-term appreciation from investment. Those who wish to earn rental returns from their property may also invest here.

Location, Connec.....

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MoEF to decide fate of homebuyers near Okhla Bird Sanctuary soon »

Delhi/NCR
More than 30,000 apartment buyers in Noida could finally get possession of their homes, with the ministry of environment and forests set to consider all comments on its draft notification on the ecosensitive zone around the Okhla Bird Sanctuary at a meeting it is planning on January 30. The ministry, which ha.....

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HC notice to GDA on land diversion in Ghaziabad »

Delhi/NCR
The Allahabad high court has asked the Ghaziabad Development Authority (GDA) to explain why land earmarked for community facilities and social infrastructure in the city has been diverted for other purposes.

A two-judge bench, comprising Chief Justice DY Chandrachud and Justice Suneet Kumar, .....

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DDA focuses on new areas to make Delhi \'world-class\' »

Considering properties in Delhi? Just a click away!

According to the Master Plan, nearly 24 lakh residential units will be required for an estimated 23 million people by 2021. On an average, the space required per person would be 40 sq m, covering about 920 sq km of urban area for the projected population.

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HUDA plans to free land from squatters »

Delhi/NCR
In order to get a fresh stock of HUDA land in Gurgaon, administrator Anita Yadav has asked the two estate officers in the city to furnish details of all land acquired by the Authority, land under litigation and those under encroachment, by January 15.

"I have asked the two estate officers to .....

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Fresh tax notices to Rs 3 lakh property owners »

Delhi/NCR
The MCG will issue fresh property tax notices to around three lakh property owners in the city for the financial years 2010-11 to 2014-15 from January 14. MCG officials said they expect to generate Rs 200 crore in revenue from the tax collection.

"We will start issuing these notices from Wedn.....

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Noida plans exclusive flats for elderly »

Delhi/NCR
The Noida Authority has decided to develop a residential facility for the elderly in the city, in a bid to provide senior citizens a safe and secure environment.

Officials said an area measuring 3,300 square metres has been earmarked for the proposed project in Sector 108. The housing project.....

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Should you invest in HUDA’s affordable housing scheme? »

Kriti Sehgal, a 36 year old resident of Gurgaon, wants to opt for an affordable property and wonders as to which of the many HUDA schemes that invite private developers to unveil their affordably priced homes for sale, would work for her. Priced attractively at Rs 15-22 lakh, what are the nitty gritties? Here’s a look-

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Poor land valuation resulting in black money in Delhi: CIC »

Delhi/NCR
Difference in real value of land and circle rates in the national capital is not only facilitating black money inflow in the property market but also causing revenue loss to the exchequer, the Central Information Commission has said. It has also directed the Chief Secretary to review the policy and carry out an inquiry.

.....

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All property details to go online in Noida »

Delhi/NCR
In a bid to bring transparency in property records, Noida Authority has decided to upload all property details on its server and make information accessible to allottees at the click of a mouse. A model of the proposed project is expected to be ready in three weeks, officials said.

For starte.....

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Know what being a landlord means! »

Only an investor knows what letting out one’s home means! For Rs 35,000 per month, Narayan Shivshankar let out his 3BHK unit in Vasant Kunj. Given the conditions he had to face, he wished he wouldn’t have ever given his home on lease. If your landlord looks irritable, there could be reasons. Here are some of them.

.....

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Eye on polls, South Corporation to hike fund for illegal colonies »

Delhi/NCR
Even as PM Narendra Modi in his speech on January 10 emphasized on development in slums and unauthorized colonies, BJP in South Delhi Municipal Corporation has plans to hike its funds for unauthorized colonies and rural wards from Rs 65 crore to Rs 125 crore. In what is being seen as a tactic to woo 40 lakh v.....

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RBI rate cut will boost housing demand: Realty developers »

New Delhi: The real estate industry Thursday hailed the RBI's decision to cut key interest rate, saying the move will boost housing demand and also improve sentiments in the sluggish property market.

However, real estate developers and property consultants demanded that interest rates be further reduced.

Read More »
 

RBI rate cut will boost housing demand: Realty developers »

New Delhi: The real estate industry on Thursday hailed the RBI's decision to cut key interest rate, saying the move will boost housing demand and also improve sentiments in the sluggish property market.
However, real estate developers and property consultants demanded that interest rates be further reduced.
.....

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Chandigarh may be the first Indian smart city »

Gandhinagar: Chandigarh could be the first Indian smart city as the government moves to create many hi-tech cities in the country.

Referring to the NDA's proposal to set up 100 smart cities in the country, Finance Minister Arun Jaitley said, "The first Indian smart city to be created probably could be Chan.....

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Venkaiah Naidu pushes for PPP model to construct smart cities »

Gandhinagar: Union Urban Development Minister M Venkaiah Naidu said here Monday that the union government is not in a position to make all investments for smart cities and hence the public-private partnership (PPP) route would be necessary.

"It will take lakhs of crores of rupees to invest in smart cities. You.....

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Oberoi Mumbai voted World\'s Best Hotel »

New Delhi: The Oberoi Mumbai has been voted as the best hotel in the world in a global poll conducted by a leading financial magazine, Institutional Investor, USA.

In the '2014 World's Best Hotels' poll, senior executives from 42 countries, who spent 50 nights or more a year at hotels last year wer.....

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How the government plans to make smart cities »

Bakul Gupta, a software engineer by profession and working in Delhi for the last five years has been researching for a right property for a long time now. Of late, developers have been cashing in on the word ‘Smart’. Everything, from phones to television to townships are ‘Smart’ today.

Look for properties in yo.....

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Living in an expensive locality? What’s the next best? »

Vinod Birla, an entrepreneur by profession, lives in his ancestral property in Anand Niketan, in Delhi. His property values at Rs 10 crore as per market rates today. With two brothers along with their families living in the same house plus the expanding size of the family, Birla decided to move out. He’s in search of a neighbourhood that d.....

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Beware before investing in ‘affordable’ areas around Gurgaon »

Satyajit Rane, a businessman who came to Delhi five years ago, would have loved to settle in Gurgaon but high property values did not allow him. He wanted the benefit of being close to South Delhi and was highly impressed with a 3BHK house on sale in Aaya Nagar, near Gurgaon, priced attractively at Rs 60 lakh.

Click he.....

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Refund issue: DDA may blacklist defaulting banks »

Delhi/NCR
Allaying apprehensions of the unsuccessful applicants of its 'Housing Scheme-2014' who are yet to receive the refund of their deposits, DDA on January 2 said that a camp could soon be held at its headquarters for the purpose even as it hinted that the defaulting banks could be "blacklisted".
<.....

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DDA stumbles upon another 1,500 acres it didn\'t know about »

Delhi/NCR
Less than two months after an internal survey revealed that the Delhi Development Authority was sitting on undeveloped land roughly the size of Lutyens' Delhi, the authority has discovered more such 'goldmines' in the capital.

It now turns out that DDA's vacant landholdings in.....

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Sobha\'s Q3 sales bookings fall 15% to Rs 427 crore »

New Delhi: Realty firm Sobha Ltd's sales bookings declined by 15 percent to Rs 427 crore during the third quarter of this fiscal due to slowdown in demand.

Bangalore-based Sobha had achieved sales bookings of Rs 502.3 crore in the year-ago period.

"Q3'15 was operationally a subdued qua.....

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Delhi: Launch of new units dipped by half in 2014 »

The Indian real estate market continues to witness a dip. This was yet again proved by the decline seen in the launch of new housing projects. This decline was disclosed in the recent report released by Cushman and Wakefield.

During the third quarter of 2014, launch of new housing projects in the Delhi NCR saw a decline by 54%.....

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How to do a legal check on your property? »

Buying a property is a big investment and a major move financially and emotionally. However, if the legal formalities in property buying are not well taken care of, the biggest decision of your life can turn into a nightmare. So, before you invest your hard earned money into a property or a scheme that looks attractive, it is wise to know how to be sure about the legal st.....

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New Jewar airport may give a boost to Noida’s real estate sector »

Delhi/NCR
It's always been a nagging dilemma for corporates when it comes to choosing between Noida and Gurgaon for setting up an office. The latter usually got the nod, a key reason being its proximity to the airport. But now with a new airport likely to come up at Jewar on the Yamuna Expressway near Noida, things.....

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Are you smart enough to live in a smart city »

The entire nation is excited about smart cities. While the government is churning out policies to achieve the same, developers are doing their bit by building ‘smart homes’. What about ‘us’? What about the people who would be living in these mart homes and cities? Are we smart enough?

Click here to browse throu.....

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\'Stakeholder sentiment in residential realty remained subdued\' »

Delhi NCR: Despite signs of revival in the Indian economy, the stake-holder sentiment in the residential real estate space did not improve during October-December quarter, mainly due to liquidity issues and lesser number of transactions, according to a study.

However, sentiment in the commercial space got a le.....

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Why should a first time buyer choose Noida? »

Noida, formed under the Industrial area of Uttar Pradesh, has emerged as a planned integrated modern city. Noida is one of the prime cities of the National Capital Region (NCR) and has loads to offer to a home buyer. In the past few decades, Noida has undergone a paradigm shift and is a major software technology park of India.

.....

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With affordable solar panels, Delhiites can cut electricity bills »

Delhi/NCR
With the Haryana government making rooftop solar power systems mandatory for all buildings on a plot size of 500 square yards or more, the issue has generated a lot of interest among Delhiites as well. Many residents now want know how exactly they can get their homes powered by the alternative energy.
.....

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DDA plans smart city, flats for senior citizens in 2015 »

Delhi/NCR
A smart "world-class" city in Dwarka, exclusive apartments for senior citizens, a financial hub, electric buses for Delhi and erecting the city's tallest building are among DDA's major plans this year.

The 'smart city' envisioned by DDA will be a complete sub-city, which would.....

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Housing and markets on 25 acres near Sanjay Lake »

Delhi/NCR
DDA on January 2 announced a project for commercially developing nearly 25 acres around Sanjay Lake at its Lake City Complex. It will be an integrated commercial and housing development complex, which will also focus on rejuvenation on Sanjay Lake, DDA officials said.

The project was announce.....

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All set to buy luxury property? Be ready to pay higher maintenance »

Kamal Ashraf, a top corporate professional in Delhi bought a property worth Rs 7 crore spread a little over 3000 sq ft! Like many first time buyers who believe that paying off for a luxury property is the only priority, Ashraf also felt that the price is the only liability! But believe us there is more!

Want to buy lux.....

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Land owners protest acquisition under old Act »

Delhi/NCR
Owners of 363 acres prime land in Pataudi are unhappy as the Manohar Lal Khattar government has gone ahead with the Bhupinder Singh Hooda regime's move to acquire their land under Land Acquisition Act, 1894. Around 300 land owners were sent notices under Section 4 of the law expressing the intent to take .....

Read More »
 

Delhi will have country\'s first smart city: Naidu »

Delhi/NCR
Delhi will be developed into a "global city" and the country's first 'smart city' will be set up here to decongest the national capital and facilitate it with all modern amenities, Union Urban Development Minister M Venkaiah Naidu said here on January 3.

"We want to make Delhi a t.....

Read More »
 

Affordable housing scheme for EPFO subscribers in offing »

Delhi/NCR
The Labour Ministry is preparing a mega housing scheme to offer affordable houses to over 5 crore subscribers of retirement fund body EPFO in the backdrop of the government's mission 'Housing for all by 2022'.

The Ministry intends to collaborate with PSU banks, housing finance com.....

Read More »
 

DDA\'s 2016 scheme flats at better locations »

Delhi/NCR
A few days after DDA announced a housing scheme larger than the one whose draw took place in November 2014, the authority has given details about where the 40,000 flats will be located.

Several applicants to the 2014 scheme had been unhappy over the location, size and quality of the flats wit.....

Read More »
 

Magicbricks Santa Contest – Meet the winners! »

Magicbricks ended the year 2014 with a Santa Contest exclusively for our readers who have always enjoyed visiting and spending time on our website! The contest, which was flagged off on 15th Dec 2014 and continued till 31st Dec 2014, received an overwhelming response.

The users read our informative real estate articles, review.....

Read More »
 

Office space absorption rose 10% in 2014: Report »

New Delhi: Absorption of office space increased by nearly 10 percent in 2014 to over 33 million square feet compared to the previous year, indicating optimism in the commercial real estate market which is likely to continue in 2015 as well, according to a report.

The report by property consultant CBRE said "en.....

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DDA is committed to provide facilities to common people’ »

The New Year 2015 is sure to add an extra bit of festivity for the Delhi Development Authority (DDA) scheme winners. Sources in the DDA revealed that they have decided to allot the houses in Dwarka, Narela and Rohini and the process would continue till 31st Jan 2015. With the exception of some flats in Sirsapur and Rohini, which are still not .....

Read More »
 

Housing sales likely to rise to 1.92 lakh units this year: JLL »

New Delhi: Housing sales are estimated to rise this year to 1.92 lakh units in the country's top seven cities on expectations of interest rate cut and stable prices, according to property consultant JLL India.

Housing sales fell to 1.75 lakh units in the primary markets of seven major cities in 2014 as com.....

Read More »
 

Magicbricks Santa Contest – Meet the winners! »

Magicbricks ended the year 2014 with a Santa Contest exclusively for our readers who have always enjoyed visiting and spending time on our website! The contest, which was flagged off on 15th Dec 2014 and continued till 31st Dec 2014, received an overwhelming response.

The users read our informative real estate articles, review.....

Read More »
 

Make your life easy with housing societies’ software »

Are you living in a society and finding it difficult to manage bills, accounts, tax, expenditure, vendors and legal documents? You might not have to worry anymore. Several housing society management softwares are available in the market that provide end-to-end services and help you to manage the day-to-day society work from the office, while t.....

Read More »
 

7 things to watch out for real estate in 2015 »

With many amendments in policies and announcements such as ‘Housing for All by 2022’, the provision of Rs 7,060 crore for establishing 100 Smart Cities, the notification of norms for launching REIT funding by SEBI and efforts to bring in more flexible modifications, the new government brings hope for the New Year 2015 for the real estate. .....

Read More »
 

Noida authorities hope amendments in Land Acquisition Act will speed up infra projects »

Delhi/NCR
The Noida and Greater Noida Authorities chairman and CEO Rama Raman said that all hurdles in the line of DMIC (Delhi-Mumbai Industrial Corridor) project, will be sorted out. The chairman has recently held a meeting to discuss the pending issues.

Raman has directed all senior officials to clea.....

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Haryana makes solar power must for all buildings »

Delhi/NCR
The Haryana government has decided to usher in the New Year with one of the biggest pushes for solar power in the country. The state has made it mandatory for all buildings on plot size of 500 square yards or more to install rooftop solar power systems by September 2015.

The order will be app.....

Read More »
 

Go freehold if your house is on govt land »

Delhi/NCR
Bringing a big relief to a large number of people living in 23 Nazul estates (government land) across Delhi, the urban development ministry on January 1 approved the mechanism for conversion of such properties from leasehold to freehold, by paying certain charges.

This scheme will be applicab.....

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Better to enjoy luxury home yourself than renting it out »

Vincent Mathews is an NRI in Delhi. His luxury abode in South Delhi has been one of his prized possessions especially because this was his first investment after years of toil when he became a successful businessman in Dubai. Of late, he is confused whether to put his bungalow on rent or use it.


If you are an investor banking o.....

Read More »
 

No politics involved in regularisation decision, says Naidu »

New Delhi: Urban Development Minister Venkaiah Naidu on Friday said there is no politics involved in the Cabinet decision to regularise 1,939 unauthorised colonies in Delhi as about 60 lakh poor people will be benefiting out of it.

The Cabinet decision to regularise unauthorised colonies is a significant pro-p.....

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Real estate Industry: Outlook 2015 »

With many amendments in policies and announcements such as ‘Housing for All by 2022’, the provision of Rs 7,060 crore for establishing 100 Smart Cities, the notification of norms for launching REIT funding by SEBI and efforts to bring in more flexible modifications, the new government brings hope for the New Year 2015 for the real estate. .....

Read More »
 

Farmers plan stir on land Act changes »

Delhi/NCR
The amendments to the Land Acquisition and Rehabilitation Act through an ordinance the government brought on December 29 have evoked a mixed response in Noida. Farmers were furious that the consent clause for social infrastructure, affordable housing and some other categories of projects had been done away with and said they would protes.....

Read More »
 

No sanction needed to build small house »

Delhi/NCR
In a move that would bring huge relief to applicants seeking approval of building plans, the norms have been simplified and rationalized to cut down red tape and corruption. While small residential plots of size up to 100 sq metres have been exempted from sanction procedures, a 30-day deadline has been fixed .....

Read More »
 

Industry reacts to amendments to Land Acquisition Act »

The recent amendments to the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, is expected to ease the way for creating new hubs, townships and cities. The amendments are also expected to check the usual delay in development of any infrastructure project and will take the country a step.....

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Ahead of polls, 1,939 Delhi colonies regularized »

Delhi/NCR
As Delhi prepares for assembly polls, the Union Cabinet on December 29 amended the existing guidelines for regularization of unauthorized colonies which would give legal status to at least 1,939 such colonies where an estimated 60 lakh people live.

The amended norms, however, will not cover ".....

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Who’s my neighbour and what is my neighbourhood?. »

When Ramachandran Iyengar, a strict vegetarian came to Delhi, he was not particularly happy with how Promila Ghosh, his colleague’s wife and next-door neighbour would cook fish and socialise over it with fellow neighbours. But that’s not all, Iyengar found it most difficult when his ten year old son would play with Ghosh’s boy, who were .....

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Housing sales dip in 2014; realtors eye turnaround in new year »

New Delhi: After a sluggish 2014 marked with falling housing sales and high costs, developers are betting on lower borrowing costs and economic upturn for a turnaround in the real estate market in the new year.

Developers were hopeful that property market, which has been witnessing demand slowdown since last f.....

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\'Easier land acquisition will boost affordable housing\' »

Delhi NCR: The real estate industry has welcomed the Cabinet's decision to amend the Land Acquisition Act, saying it will boost construction of affordable housing.

The ordinance makes significant changes in the Land Acquisition Act including removal of consent clause for acquiring land for affordable housi.....

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\'Connaught Place 6th most expensive office location in world\' »

New Delhi: Connaught Place in the Capital city has become the world's sixth most costliest office destination, moving up two positions from eighth rank earlier, property consultant CBRE said Tuesday.

Bandra-Kurla Complex (BKC) in Mumbai remained at 16th rank and Nariman Point at 32nd in the list of Top 50 .....

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2014: The year that was for Indian real estate »

The passing year 2014 was the year of promises for Indian real estate because it brought some action in the market that was dull since a long time. Not only it brought hope of revival, but also brought some policy presents that set the path rolling for the real estate market. Here is a look at the top five factors that impacted real estate in .....

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Should you buy property during festive offers? »

To lure potential buyers and to increase sales, developers come up with some special offers, schemes and bonanzas during the festive season. However, there is always a debate on whether these offers are just promotional gimmicks or are they really a ‘good deal’ for buyers. Though such lucrative offers are hard to ignore, should you buy pro.....

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DDA to hand over flats from January 1 »

Delhi/NCR
Lucky winners of DDA's housing scheme will begin the New Year on a joyous note as the housing authority will start handing over the flats from January 1.

Top officials at the DDA said except for a few flats in Sirsapur area and Rohini, the rest are ready and hence they would be handed ove.....

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State mulls hike in property tax to fund infrastructure projects »

Delhi/NCR
A revision of property tax rates in the state may be in the pipeline. Senior officials in the urban local bodies department (ULB) told TOI that property tax could be raised to give municipal corporations extra funds to carry out development work.

For this, the ULB has asked all municipal corp.....

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Best time to buy a house in Delhi as property prices »

Delhi/NCR
If you are looking to buy a house in Delhi this could be the best time. Secondary market prices of properties in posh South Delhi localities have fallen 25-30 per cent over the last one year as a pileup of inventory and need for money turn many investors into desperate sellers. Compared with peak prices, the .....

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Just 55k new houses in 5 years »

Delhi/NCR
Over 40% of Delhi's population lives in houses that are 20 to 40 years old. Almost three lakh houses in the city are 40 to 80 years old and some 11,000 are more than 80 years old. While most properties are old, there are only 55,000 new houses—constructions that are less than five years old in the city......

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895 colonies to be regularised in poll-bound Delhi »

New Delhi: In a decision that will benefit about 60 lakh people in poll-bound Delhi, Union Cabinet on Monday approved an Ordinance to regularise 895 unauthorised colonies which have come up till June 1 this year.

Urban Development Ministry officials said with this decision, the total number of colonies eligibl.....

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Cabinet decides to regularise 895 colonies of Delhi »

New Delhi: The Union Cabinet on Monday approved amendment to the existing guidelines that enables regularization of 895 colonies of Delhi which have come up till June 1, 2014.

This will provide the benefits accruing from regularization to 60 lakh people in unauthorised colonies that have come in existence betw.....

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Smart Cities should be in tune with 21st century: PM »

New Delhi: The 'Smart Cities', proposed to be created across the country, should be hubs of economic activity in tune with the 21st century and planning should visualize "urban-dependent" population in addition to the urban populace, Prime Minister Narendra Modi said Monday.

He made the remarks while c.....

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Louvre Hotels to open 4 new hotels in India by April »

New Delhi: Paris-based Louvre Hotels Group plans to open four new hotels in India by April as part of its expansion plans in the country.

The group that currently has 16 hotels in India under three brands -- Royal Tulip, 5 star luxury; Golden Tulip, 4- star; and Tulip Inn, 3-star -- will add the new properties.....

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Microtek to invest Rs 500 cr in Gurgaon housing project »

New Delhi: Action group realty firm Microtek Infrastructures will invest about Rs 500 crore to develop a housing project in Gurgaon.

Mictrotek Infrastructures, an equal joint venture between Action group and Okaya Power, has awarded Rs 300 crore worth contract to L&T for construction of this housing project sp.....

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GDA: Checks before buying Multi-storey/Group Housing flats »

Buying a house is one of the most important decisions of one’s life, as it involves huge cash outflows. It also has a high emotional value attached. Therefore, every buyer wants to be 100 per cent convinced about the property, developer and location before finalising the property and getting into an agreement to buy. Buyer’s try to find an.....

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Discount games realtors play: Firm promises free add-on flat »

New Delhi: In an unbelievable discount offer to beat slowdown blues, realty firm Supertech on Friday claimed to offer a free add-on studio apartment with the purchase of a luxury flat, but 'conditions apply' like all such schemes.

The offer comes with quite a few riders -- the scheme is valid only for .....

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RS clears Bill on illegal colonies »

Dehli/NCR
For an hour on the last day of winter session, Rajya Sabha kept aside the acrimony of the past one week and got together to unanimously pass the National Capital of Delhi Laws (Special Provisions) Second Amendment Bill 2014 that will pave way for regularization of more than 1,200 unauthorized colonies and pro.....

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Credai calls for reforms in realty sector in New Year »

delhi NCR: Government needs to introduce new reforms and ensure their prompt implementation to revive the real estate sector, industry body Credai on Thursday said.

The Confederation of Real Estate Developers' Association of India (Credai) also sought "political will" for reforms.

"We need fast implementation of refor.....

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Bangalore to see highest office space absorption in 2015: Cushman »

Delhi NCR: The country's IT capital is expected to see the highest office space absorption among the key cities of India next year, says the latest office report by global real estate consultancy firm Cushman & Wakefield.

The total estimated Grade A office space absorption in India is expected to be approx.....

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CCI rejects complaint against Ansal Properties »

New Delhi: The Competition Commission has rejected allegations of unfair business practices against an Ansal group firm with regard to sale of commercial space in Uttar Pradesh.

The complaint pertained to shop/commercial space at the company's mall in Greater Noida.

Rejecting the allegations, CCI said there is no case.....

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Read the property market well for reeping gains »

A number of consumers came up with different property-related queries in a recently held interactive webinar titled ‘Real Estate- The most rewarding asset of the portfolio, if you read the market right’, anchored by E Jayashree Kurup, head - content and research, Magicbricks.

We are bringing some of them here to share the .....

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Top complaints by tenants in Delhi »

A number of consumers came up with different property-related queries in a recently held interactive webinar titled ‘Real Estate- The most rewarding asset of the portfolio, if you read the market right’, anchored by E Jayashree Kurup, head - content and research, Magicbricks.

We are bringing some of them here to share the .....

Read More »
 

Delhi circle rates up – the good and the bad »

Delhi/NCR
Circle rate is the minimum value at which the sale or transfer of a plot, built-up house, apartment or a commercial property can take place. Market price is the value of such an asset for a transaction between a seller and buyer which is done at an arm length's principle with the price determined by the m.....

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Delhi realty witnessed housing schemes in 2014 »

Delhi ‘trending’
Come 2014 and some developers have already announced their upcoming projects which get set Delhi as a trend city! The list consists of convertible apartments, expandable homes, mosquito repellant homes and use of prefab technology!

Step ahead towards Housing for all?

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EWS housing norm violaters sent notices »

Delhi/NCR
The office of the District Town Planner (Enforcement) has sent a second notice to 17 owners of EWS houses in Sector 54 for illegal constructions in the area. The move comes after TOI reported on November 23 that residents of the sector were filing a PIL demanding action against the violators.

.....

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Work in Gurgaon, live in Bhiwadi »

Delhi/NCR
If working in Gurgaon and staying in Gurgaon hits your pocket and working in Gurgaon and staying in Delhi makes your travel cumbersome, then its time to look westward.

With property prices in most NCR towns getting beyond the reach of the young salaried class, these professionals have now sta.....

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Relief for 3 lakh property owners »

Delhi/NCR
Ahead of assembly elections, the Centre has set the tone for mass regularization of unauthorized colonies by extending the protection against demolition and sealing to properties that came up between February 7, 2008, and June 1, 2014. By extending the moratorium under the Delhi Laws (Special Provisions) Amen.....

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Now, GDA to prepare deeds of declaration »

Delhi/NCR
In a path breaking step, the "deeds of declaration" (DoDs) of apartments, which have not been provided to buyers, will now be prepared by the Ghaziabad Development Authority's (GDA) own architects, according to GDA chairman Santosh Yadav. DoDs not provided to flat buyers in developers' buildings, in e.....

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Order to regularise 1,200 plus colonies in Delhi any day: Govt »

New Delhi: In a good news for lakhs of dwellers in unauthorised colonies of poll-bound Delhi, government Tuesday said a move to regularise over 1,200 such habitations is at an advanced stage and an order will come "any day".

Urban Development Minister M Venkaiah Naidu also said the government was in the final .....

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Goldman Sachs invests Rs 255 cr in Vatika Hotels »

New Delhi: US-based investment banking firm Goldman Sachs has invested Rs 255 crore as equity in Vatika Hotels, a hospitality venture of realty firm Vatika group.

Gurgaon-based Vatika group did not disclose the stake bought by Goldman Sachs in Vatika Hotels, which currently has two hospitality projects in Hary.....

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Haryana – The new boom town state of the north »

Delhi/NCR
With the change at the Center and now in Haryana, real estate sector in the state have great expectations from the government. They are expecting that the change will bring in fresh lease of life to the realty sector in the state in the days to come. Especially at a time when Haryana's new chief minister .....

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Finally, a real estate appellate tribunal »

Delhi/NCR
The real estate regulation bill, which has to be passed in Parliament, aims to regulate the housing market and protect the interests of homebuyers and developers.

Although the bill is not flawless, it is certainly a step in the right direction and all the stakeholders hope that this new legis.....

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Rentals of luxury homes stabilize in Gurgaon »

Delhi/NCR
The millennium city of Gurgaon, considered to be the epitome of luxury living in northern India, has been catering to a large number of expatriates and high net worth individuals for the last one decade after several Fortune-500 companies entered the market and set up base here.

Since then, c.....

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GIS technology at the heart of smart cities »

Since the Modi government has announced its plan to set up 100 Smart Cities, each stakeholder is out to give its best.

One such important participant in the development of Smart Cities is Geographic Information System or GIS. At a recently held annual conference by ESRI India in New Delhi, detailed discussions were held about .....

Read More »
 

Magicbricks Santa contest: End this year with celebrations »

Are you feeling nostalgic as the year is heading towards an end? Say goodbye to 2014 and welcome the New Year with the Magicbricks Santa! Yes, Magicbricks, the online property portal is running a contest where you will get rewarded for spending more time on the site and sharing your views with us.

Here is all you need to do to.....

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How to make safe real estate investments? »

Is the deluge of marketing offers in the real estate confusing you? Don’t worry. To know how to make safe real estate investments and not get swayed by jargons and marketing gimmicks used by agents and developers, Magicbricks organised a live chat session – GuruTalk with Asha Nayar Basu, senior partner, S Jalan & Company, Solicitors & Advo.....

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Know all about Delhi\'s Land Pooling Policy »

After urbanisation and Smart Cities, ‘Land Pooling Policy’ is another buzzword in the Delhi real estate market. The meaning is unknown to many. What does it mean to a common man looking for a decent residential accommodation? What will the land owner get in return? How does it function? What will be the impact of policy on the real estate .....

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Promised a walk to work project? Check out what these overlook »

Vinod Baluja, a prospective buyer, is juggling with project brochures from different developer firms. All these seem to be marketing their newly launched complexes that ensure you can literally ‘walk to work’. While we understand why this concept has gained such unparalleled attention, Magicbricks tried to analyse what exactly is being pro.....

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Transfer process of HUDA sectors to MCG begins »

Delhi/NCR
After several delays, the state government has finally taken a step to transfer urbanized Haryana Urban Development Authority (HUDA) sectors and private colonies to the Municipal Corporation of Gurgaon (MCG). The principal secretary of department of town and country planning (DTCP), Raghavendra Rao, has asked.....

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Builders can’t charge extra for economy houses: DC »

Delhi/NCR
The distrct administration has decided to take strict action against developers who have launched affordable housing schemes, if they charge premium amount from the buyers to allot flats, bypassing the draw of lots.

Deputy commissioner T L Satyaprakash told the media that his office has recei.....

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Can land pooling policy make Delhi a ‘smart’ city? »

With land banks shrinking in Delhi and the gap between demand and supply widening each day, experts say implementation of the ‘Land Pooling Policy’ is the way out. Let’s know its advantages and how it can help in making the city ‘Smart’.

 Advantages and impact on the Delhi market

 .....

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Surat partners Microsoft to become a smart city »

New Delhi: The Surat Municipal Corporation (SMC) Friday announced its partnership with Microsoft India to transform Surat into a smart city by introducing several citizen centric services with the help of global software giant.

Announcing the partnership today, Surat Municipal Commissioner Milind Torawane said.....

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Parl panel recommends \"vertical growth\" in cities like Delhi »

New Delhi: Recommending vertical growth as the way forward for cities like Delhi, a Parliamentary panel has expressed disappointment that despite the creation of numerous master plans, no Indian city has managed to stay ahead of the urbanisation curve.

In its report which was presented in Lok Sabha Thursday, t.....

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\'Bring real estate bill to Parliament for passage soon\' »

New Delhi: To provide relief to consumers in an "unregulated" real estate sector, a parliamentary panel has asked the Housing and Urban Poverty Alleviation (HUPA) Ministry to urgently bring the Real Estate (Regulation and Development) Bill, 2013 to Parliament for its passage.

In a report presented on Thursday .....

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GIS technology at the heart of smart cities »

Since the Modi government has announced its plan to set up 100 Smart Cities, each stakeholder is out to give its best.

One such important participant in the development of Smart Cities is Geographic Information System or GIS. At a recently held annual conference by ESRI India in New Delhi, detailed discussions were held about .....

Read More »
 

Ambience residents to protest outside complex »

Delhi/NCR
Twenty four days into their open-air protest inside Ambience Lagoon, negotiations with the developer having fallen through, embittered residents have decided to take their protest outside their complex. They said now protest in front of a prominent government office.

Residents have been invol.....

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DDA to refund unsuccesful housing applicants\' money by December 24 »

Delhi/NCR
The DDA would refund the deposited money of unsuccessful applicants in its 'Housing Scheme 2014' by December 24, the urban body said on December 16. "The DDA is going to transfer the entire money deposited with it to the respective bank accounts by December 18. And, all the banks have been directed by.....

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Cabinet defers approval of real estate regulatory bill »

New Delhi: The Cabinet Wednesday deferred a decision on setting up a regulator for the real estate sector.

According to sources, the Cabinet discussed the Real Estate Development and Regulation Bill but deferred a decision on it.

The bill, which was introduced in the Rajya Sabha in August last.....

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How DDA\'s landpooling policy can benefit Delhi »

A total 20,000 hectare is expected to be available if Delhi Development Authority’s (DDA) Land Pooling Policy for Master Plan Delhi 2021 sees the light of day. Out of this 20,000 hectare, 50 per cent will be developed by DDA and the rest will be given to ‘Developer Entity’ to construct residential projects.

In a recent s.....

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Where to look for \'value for money\' homes in Noida, Gurgaon »

Post a sluggish market, buyers today are actively searching for properties and planning where to look for the best homes that would be ‘value for money’ as well as strategically located. Magicbricks brings you a brief of some of these areas in Noida and Gurgaon.

Find out properties in your budget in Noida

.....

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Housing. Com raises $90 million »

Delhi NCR: Property portal Housing.Com Tuesday said it has raised USD 90 million through private equity infusion from SoftBank Group along with Falcon Edge and other existing investors.

"Housing.Com and SoftBank Internet and Media entered into a definitive agreement under which the SoftBank Group will lead an .....

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Project delays: Who\'s responsible, developer or authority? »

Some of the issues the real estate sector is grappling with today are delays caused in the delivery of residential projects and the unused stock in the market. Who is responsible for this - the developer or the authorities?

The NGT (National Green Tribunal) has created furor among developers and buyers in Noida and Noida Exten.....

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Is mix-land use development the way forward for smart cities? »

Mix land use developments, when initially started in India, were just a source of amusement, aesthetics and something that only the rich could afford. These were typically high end townships which were specifically targeted at the high end. However, today the concept has become the very basis for development of smart cities in the future.

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GOSF: Developers go as low as Rs 299 to sell homes »

Google’s Great Online Shopping Festival (GOSF) is almost coming to an end and this time also it was not just clothing and accessories which took over the festive mood but much more than that. For the second time in a row, property options got visibility in the year’s biggest online sale, marking the beginning of a new era where real estate.....

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Can land pooling make Delhi a Smart city? »

As India is realising the need for planned urbanisation, the 100 smart cities have become the talk of the town.  The case of the metro cities is even complex as they are congested and occupied but not fully developed. To provide them access to basic amenities is even more important from the discussion point of view. Delhi is the principle cas.....

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Did a celebrity make you buy a home? »

Researching on where to buy a home? You would have scanned different projects in different areas. It is no longer a happy family selling you a home through big hoardings and advertisements. Today it is either cricket captain Dhoni or a beautifully expressive Deepika Padukone or even Narain Karthikeyan promising you value for money.

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Should you buy or continue on rent? »

Everyone wants a house of their own. However, considering that investment in a property involves a heavy sum of money and the sluggish market indicating a ‘Buy now or wait?’ situation across India, the choice between buying a house and taking one on rent is difficult.

Some feel rent is like wasting money, when the same amo.....

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Private equity in realty sector to grow up to $3 billion in 2 years »

Delhi NCR: The government's decision to relax FDI norms in the construction sector is likely to attract private equity investments to the tune of up to USD 3 billion in the real estate market in the next two years, according to property consultant Jones Lang LaSalle (JLL).

The real estate private equity ma.....

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Got a startup plan? Know where to rent, invest »

Gone are the days when being in a ‘Sarkari naukri’ was the in thing. For a lot of ambitious 20 somethings, getting a ‘startup’ tag on their resume is the focus.

With the Union Budget 2014-15 allocating Rs 10,000 crore fund to facilitate capital flow to startups, there has been a new enthusiasm not only among the workin.....

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Mumbai, Delhi & Bangalore to be hot investment spots in 2015 »

Delhi NCR: A stable government at the Centre and its plans to set up smart cities has revived investors' interest in the country with Mumbai, Delhi and Bangalore set to emerge as hot investment destinations in 2015.

According to a report by PwC, titled 'Emerging Trends in Real Estate Asia Pacific 2015&.....

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Housing for all scheme soon, says Govt »

New Delhi: With an estimated three crore people having been identified as homeless, government will soon come out with a scheme to provide housing to all, government said in the Lok Sabha Wednesday.

Urban Development Minister M Venkaiah Naidu said he will shortly take the proposal to the Union Cabinet for its .....

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Godrej for more real estate investments in Bengal »

Delhi NCR: The Godrej Properties, part of the USD 4.1 billion Godrej Group, says it is keen in undertaking more real estate investments in West Bengal, primarily in residential projects.

"Already four projects are going on and negotiations for three to four projects are currently on," Group chairman Adi Godrej.....

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Axis Bank offers 20-year fixed home loan rate of 10.4% »

Delhi NCR: Axis Bank on Tuesday launched a 20-year home loan scheme at a fixed rate of 10.40 percent for loans of up to Rs 50 lakh.

The limited period offer is only for affordable housing segment for loan size of up to Rs 50 lakh. The new offer is 25 bps, or 0.25 percent, above its base rate (below which it ca.....

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Tata Housing to sell homes at Google\'s online shopping fest »

New Delhi: Aiming to tap the e-commerce market, Tata Housing will sell a luxury residential project, being developed in Bangalore at a cost of Rs 150 crore, exclusively during Google's online shopping festival starting Wednesday.

The company will construct 75 independent homes and row housing in this 5-acr.....

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NCR flat-buyers push for realty bill this session »

Delhi/NCR
Around 200 flat buyers of Noida, Gurgaon, Faridabad and Ghaziabad staged demonstrations at Jantar Mantar in New Delhi on December 7, demanding that real estate (regulation and development) bill, 2013, be picked up during the winter session of Parliament.

“Why are there are no laws for build.....

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Express Growth – Realty development along NH8 »

Delhi/NCR
Real estate development along National Highway 8 has seen remarkable progress over the past few months. A report estimates that there would be job opportunities for 22 lakh people by 2017 in this zone.

Realty projects under construction along NH-8 cover a stretch of 15km through Haryana and p.....

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Increasing FAR to help ‘Housing for All’ mission »

With Union Minister of Urban Development, Housing and Urban Poverty Alleviation and Parliamentary Affairs, Venkaiah Naidu’s Government approving the proposal of increasing the Floor Area Ratio (FAR) and ground coverage for plots in Delhi, the real estate industry reacted by saying that the move will help in chasing the “Housing for All by .....

Read More »
 

New flats of DDA go on ‘sale’ online »

Delhi/NCR
Flats offered in DDA’s latest housing scheme are ‘available’ once again, now through online classifieds. This, despite DDA withholding ownership rights to its 2014 housing scheme apartments, making sale and purchase of these flats illegal for the next five years.

However, those who came.....

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DDA to e-auction CWG village flats in 40 days »

Delhi/NCR
Those looking for premium apartment units in Delhi may need to watch DDA’s website because 214 flats from the Commonwealth Games village would be put up on sale here. While some final adjustments and last-minute consultations are on, officials in the Authority are now looking to carry out an e-auction of th.....

Read More »
 

Real Estate open to innovations, are you a trendsetter? »

Tired of the same kind of bricks and walls, paints and the mode of construction? Ever wondered whether your drawing room by the day could become a bedroom by night? Wouldn’t it be good if you could buy a small home today with your modest budget but still plan to expand it when your family grows? Well, if you have been thinking if these are p.....

Read More »
 

Land acquisition will be made easier: Govt assures industry »

New Delhi: Lending her ears to the industry on problems faced by it in acquiring land, Union Minister Nirmala Sitharaman on Saturday said the government will consult all stakeholders to make the land acquisition law "an enabler, rather than a stifler".

The Commerce and Industry Minister said that the industry .....

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Black money: CBDT orders probe against select real estate firms »

New Delhi: CBDT has ordered an Income Tax department investigation against a number of real estate developers who were recently shown by an investigative portal to be willing to accept alleged black money in property transactions.

The apex authority of the I-T department has asked its investigation units acros.....

Read More »
 

DDA begins scrutiny of ‘Housing Scheme 2014′ draw results »

Delhi/NCR
The Delhi Development Authority has started scrutinizing applications of the allottees in the recent draw of its much talked-about housing scheme following allegations of discrepancies in the result. The housing authority, however, said it would not delay the process of final allotment, which is slated to sta.....

Read More »
 

Real estate biz accounts for major chunk of black money: ICAI »

Delhi NCR: When it comes to flow of black money, real estate business accounts for a major chunk of of such illicit funds, accounting regulator ICAI has told the government while seeking urgent steps to check this menace.

In a representation made to Finance Minister Arun Jaitley, the Institute of Chartered Acc.....

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Indian realty market sees $4.5 bn investment during Jan-Sep:CBRE »

Delhi NCR: Country's real estate market attracted investments worth nearly USD 4.5 billion during the January-September period this year, with Mumbai receiving a significant part of it, says a report.

According to property consultant CBRE, institutional investors pumped in USD 4.5 billion into India's .....

Read More »
 

HC notice to govt for multiple plot allotments »

Delhi/NCR
Taking up a petition of several persons who had purchased properties from those who obtained multiple plots by furnishing false affidavits in areas developed by Haryana Urban Development Authority (HUDA), the Punjab and Haryana high court issued notice to the state government to file its reply.

.....

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Smart city: What India can learn from others »

‘Smart’ has become the catch phrase these days. After the new-age phones, it is time for cities and homes to turn smarter and efficient. While visionaries chalk out a plan for how policies and technology should pan out to make the vision a reality in India, perhaps there is a lesson we could learn from cities that have already implemented .....

Read More »
 

DDA trying to refund security deposit within a month »

Delhi/NCR
DDA is making efforts to refund within one month the security deposit to the unsuccessful applicants of the DDA Housing Scheme, in which draw of lots had taken place on November 25. In a written reply, Minister of State for Urban Development and Housing Babul Supriyo told the Lok Sabha that guidelines provide.....

Read More »
 

Stuck in delayed project? Know how to choose the best builder »

Delays in project deliveries are on constant rise in Indian real estate market. It is hard hitting for a buyer who puts in his or her life-long savings to buy a roof on his head. There are many home buyers struggling to get the timely delivery of the house and are paying regular home loan EMIs and rent as well.

In order to adv.....

Read More »
 

Takers for DDA flats despite 5-year rule »

Delhi/NCR
Despite DDA’s best efforts to keep speculators out of their latest housing scheme, successful applicants are receiving offers for their flats based on a General-Power-of-Attorney (GPA) transfer of rights. Some allottees who say they are unhappy with the size or location of their flats are now planning to di.....

Read More »
 

Premium projects in Noida »

Delhi/NCR
While every Indian yearns for that “apna ghar“ (own house), a major chunk of its population continue to live in rented accommodations.When talking about living on rent, the Delhi NCR certainly qualify as a haven for rented homes.

Some of the nicest areas to live in Delhi are in and around.....

Read More »
 

Housing prices stable during July-September in Delhi-NCR: Report »

Delhi/NCR
Real estate market in the national capital region remained sluggish during July-September with no increase in the average housing prices over the previous quarter, according to a report.

“Analysis of price trends in the previous quarter reveals that the Delhi NCR real estate market is slugg.....

Read More »
 

RBI rates: Realty sector hopes for cuts in 2015 »

In the current scenario, where the Indian real estate market is struggling to pick up, the Reserve Bank of India’s (RBI) decision to keep the key policy rates unchanged has indicated that RBI is only looking towards taming inflation, feels the real estate sector.

Check out property options across the country!

Read More »
 

Buyers hope for conveniences in new sectors of Noida »

After less than eight months of staying in their new house in Noida, Philip Cherian and family have moved back to Mayur Vihar where Cherian lived with his parents. Now, as his family expands from three to four, he has taken up a flat that cost him Rs 1.25 crore, for a strategically located 3BHK unit. His investment in Noida had cost him Rs 75 .....

Read More »
 

Modi government pushes for smart citizenry »

At a recent conclave held by the Confederation of Real Estate Developers Association of India (CREDAI), a pan India representation of the real estate fraternity and the Urban Development Ministry focused on Modi’s vision of ‘Swacch Bharat’.

Interested in investing? Check out your options across the country!

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Realty players want govt stimulus as RBI disappoints »

New Delhi: Disappointed with RBI's decision to keep interest rates unchanged, real estate players today said housing demand is likely to remain weak in short term and sought government's help to facilitate low-costing funding for buyers and developers.

Realtors' apex body CREDAI expressed disappoin.....

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Regularisation of unauthorised colonies: Delhi has sent suggestions to Centre »

New Delhi: Delhi government Tuesday said that it has sent suggestions on the issue of regularisation of unauthorised colonies to the Centre.

"We have given some suggestions to the Centre in this regard. Government is working seriously on this issue," Rajendra Kumar, secretary of Urban Development department, t.....

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Builders to pay pending fee for bylaw violation »

Delhi/NCR
The Ghaziabad Development Authority has now discovered that many builders in the district had paid ‘compounding fee’ less than what was due from them from early 2012.

Compounding fee is a financial penalty imposed when parts of buildings that are built in violation of bylaws face demoliti.....

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NDA govt in a mood to regularize unauthorized colonies »

Delhi/NCR
With barely two months left for the assembly elections, the NDA government seems to be taking all possible steps to woo voters. Both the urban development ministry and the Delhi administration have taken an in-principle decision to regularize unauthorized colonies, which has been a long standing demand of res.....

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Real estate v/s stocks, gold: Which is right for you? »

With many options of investment available in the market, real estate buyers and investors would like to know which is better – real estate or stocks or mutual funds or investing in the yellow metal. Which would you prefer for your financial portfolio? What should you keep in mind before investing?

If you are consider.....

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FNG Expressway: Growth engine for realty »

Delhi/NCR
To provide fast connectivity and improve infrastructure for realty growth, the authorities have increased the pace of construction of the much-awaited FNG Expressway (Faridabad-Noida-Ghaziabad Expressway).

Keeping this in mind, realty players have launched several projects in the newly-develo.....

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Property sizes in Mumbai region falling since 2012: Survey »

Delh NCR: Sizes of homes across the Mumbai metropolitan region (MMR) are shrinking over the past two years as real estate players are developing small-sized properties keeping in mind the price factor.

The home size has decreased by as much as eight per cent since 2012 and the trend is likely to continue as th.....

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HUDA clears dues to 1485 plot owners »

Delhi/NCR
Nearly 1,500 plot holders in Sector 52 heaved a sigh of relief as HUDA administrator Anita Yadav ordered immediate refund of dues to them in compliance with a directive by the Punjab and Haryana high court in July 2014.

The high court had reduced the enhancement amount paid by the 1,485 plot .....

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Got a flat in the DDA 2014 draw? Now what? »

Delhi/NCR
If you are one of the lucky applicants who got a flat in the much-awaited DDA Housing Scheme 2014 draw, make sure you are one step ahead and updated with all further information.
Post the DDA Housing Scheme results, candidates were in a happy and confused mode, at the same time. Happy for the obvious .....

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Increasing FAR to help ‘Housing for All’ mission »

With Union Minister of Urban Development, Housing and Urban Poverty Alleviation and Parliamentary Affairs, Venkaiah Naidu’s Government approving the proposal of increasing the Floor Area Ratio (FAR) and ground coverage for plots in Delhi, the real estate industry reacted by saying that the move will help in chasing the “Housing for All by .....

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Is investing in GDA a good idea? »

A good 25,000 something home buyers got lucky when the Delhi Development Authority came out with the draw results of the Housing Scheme 2014. If you were not one of them but are still looking for properties in the NCR, consider the Ghaziabad Development Authority’s (GDA) Housing Scheme 2014. Before applying here is what you should keep in mi.....

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At what stage should you invest in property? »

At what stage should you buy property? Would investing in the pre-launch stage of the project give you better returns? What are the risks involved? For an investor or an end-user, especially those buying for the first time, deciding the right time to buy a house is a major concern. To advise users, Magicbricks organised a live chat session, Gu.....

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Defaulting allottees to be charged 8% extra in Noida »

Delhi/NCR
Counting a default of Rs 7,000 crore, the Noida Authority has decided to get tough with allottees who have not paid the instalments on their property. Starting January 1, the Authority will charge an additional 8% from defaulting allottees for non-payment of instalments.

At present, allottees.....

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Norms for registering flats in Ghaziabad highrises relaxed »

Delhi/NCR
The department of stamps and registration of Ghaziabad has relaxed the norms for registration of flats in high-rise apartments of the city.

The need for ‘completion certificates’ of projects at the time of registration has been done away with completely, while submission of ‘deeds of de.....

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Got a flat in the DDA 2014 draw? Now what? »

If you are one of the lucky applicants who got a flat in the much-awaited DDA Housing Scheme 2014 draw, make sure you are one step ahead and updated with all further information:

Looking for flats across Delhi? There are many options!

Post the DDA Housing Scheme results, candidates were in a happy and confused.....

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Know more about subvention schemes »

A few months back Rhea Pillay, a professional working in Noida, bought a house for herself under the ‘Subvention Scheme’, which was marketed as 80:20. Attracted by the scheme she immediately booked a flat. But recently she got a letter from the developer saying that there might be a delay in completion of the project. Like Pillay, there ar.....

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NCR realty set to take a giant leap »

Rapid urbanisation, demographic advantage and rising income levels contributed to growing investments in the Indian real estate sector over the last few years. According to a Global consultancy firm, the size of the Indian real estate market was estimated to be approximately US$78.5 billion in FY13. It is expected to grow to approximately US$1.....

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Realty sector welcomes FAR hike; wants increase in density »

Delhi/NCR
Real estate industry on November 26 hailed increase in floor area ratio (FAR) and ground coverage for plots in Delhi, saying the move would allow more built up area on bigger land parcels, but felt that housing supply would not be boosted till height and density norms are eased.

Check.....

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Okay to bar Delhi home owners: HC »

Delhi/NCR
With the much-awaited DDA housing draw finally out, the Delhi high court on November 25 said there was “nothing wrong” with DDA’s regulation which holds that a person, who already owns a flat or plot in Delhi, was ineligible to apply. A bench of Chief Justice G Rohini and Justice Rajiv Sahai Endlaw, how.....

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US realty mkt emerges as investment destination for Indians »

Delhi NCR: With the US market emerging as an attractive investment destination, there is a growing interest from Indians to buy properties there, property consultant Jones Lang LaSalle (JLL) said.

According to a report published by the US National Association of Realtors, buyers from India purchased residentia.....

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SC nod to DLF for Rs 100 cr deposit towards Rs 630 cr fine »

New Delhi: Real estate major DLF was on Thursday allowed to deposit Rs 100 crore towards Rs 630 crore fine slapped on it by the Competition Commission of India (CCI) for allegedly resorting to unfair business practices.

A bench headed by Justice A R Dave allowed the request after DLF's counsel said, "we wi.....

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Floor area ratio hike for plots over 750 sq m passed »

Delhi/NCR
The urban development ministry has approved the proposal of Delhi Development Authority to increase floor area ratio (FAR) norms for residential plots in the capital. FAR is the ratio of a building’s total floor area to the size of the piece of land upon which it is built.
As reported by TOI earlier.....

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In pics: The 10 ‘firsts’ of DDA scheme »

Out of all the draws for DDA housing scheme that have taken place till date, the one organised on November 25 was special. Interestingly there were many firsts in the DDA housing scheme 2014 that intends to provide hosuing to all those who do not own a property in Delhi. DDA adopted several features which it has not practiced before.

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6 facts you should know about joint home loan »

Home buying is both an overwhelming and a satisfying decision. It is enabled by home loans in most cases, unlike earlier days where people used to save money for years before they bought a home. Your home loan eligibility can go up substantially if it is a joint home loan, which might help you in buying a bigger or better house. We tell you al.....

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High supply in Indian realty: Should you buy or wait? »

Has the slow real estate market and lot of supply confused you? Is it hindering your decision of buying property? The scenario is the same in almost all metropolitan cities across India. Should we buy or wait for some more time – is what most of us are unable to decide.

Looking for properties across the country? Clic.....

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DDA lucky allottees proud of owning a home in Delhi »

When the results for 2500 flats in Delhi were announced by DDA on Tuesday, the allottees could not believe their luck. Their dream of owning a home in the national capital finally came true. Magicbricks spoke to some of them to know their feelings.

‘I can proudly say that we own property now’

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EPFO has no plan to launch housing scheme for its members:Govt »

New Delhi: Retirement fund body EPFO has no plans to launch a housing scheme for its over five crore subscribers on additional contribution by its members, Parliament was informed Wednesday.

"No Sir," Labour Minister Bandaru Dattatreya said in a written reply to the Rajya Sabha on a question whether Employees&.....

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Omaxe plans to raise Rs 100 cr via debt securities »

New Delhi: Realty firm Omaxe plans to raise Rs 100 crore through private placement of debt securities in order to fund construction activities of its ongoing projects.

The company's board will meet on December 2 to consider a proposal to raise funds through issue of debt securities on private placement.

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Property prices in MMR likely to correct by up to 20%: Survey »

Delhi NCR: Piling up inventory and rising demand from home buyers may result in declines in property prices by nearly 20 percent in the Mumbai metropolitan region (MMR) over the next few months, according to a study.

The study conducted by ASK says the demand for housing in the MMR is expected to increase to n.....

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DDA Housing Scheme 2014 results: Process of draw begins »

New Delhi: The wait for DDA Housing Scheme 2014 applicants would get over as the authority is all set to announce the results of the flagship scheme on Tuesday.

The process of draw has started and currently picking of seed number is going on. It will be completed in less than two hours, DDA's official spok.....

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New DC of Gurgaon wants to digitize land records »

Delhi/NCR
The newly appointed deputy commissioner of Gurgaon, T L Satyaprakash, hit the ground running on November 24, his first day at work.

The 2002 batch IAS officer on Day 1 signed an MoU with Hartron (Haryana state electronic development corporation limited) to set up common service centres (CSCs).....

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CM vows more affordable housing, taps realtors »

Delhi/NCR
Haryana chief minister Manohar Lal Khattar on November 24 said his government would take concrete steps to provide affordable housing to the people and sought the cooperation of the private sector in this endeavour.

Addressing a conference organized by Confederation of Real Estate Developers .....

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25,040 get their dream house in DDA lucky draw »

Delhi/NCR
About 20 lakh people began to watch the live webcast of the draw of DDA’s 2014 housing scheme at 12.30pm on November 25. By the end of the draw at 2pm, one-and-a-half hours later, that number had swelled to 38 lakh. To check out the popularity of the draw, one could compare this number with IRCTC site visit.....

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Interest subvention scheme for housing sector soon: Venkaiah Naidu »

Delhi/NCR
The government will soon launch an interest subvention scheme in the housing sector that will meet part of the buyer’s home loan burden, Union urban development minister M Venkaiah Naidu said on November 24. Speaking at the annual Confederation of Real Estate Developers’ Associations of India ( CREDAI) Co.....

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Meet the DDA Housing Scheme winners »

DDA Housing Scheme results are out and the lucky winners are unable to contain their joy of bagging a home for themselves in the national capital. Magicbricks met a few winners and took an account of their happiness.

“I won, my son is lucky for me”

Trying his luck in the DDA housing schemes since 2009, Aru.....

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‘Need to work as we think to make Housing for All success’ »

Between Swacch Bharat, Smart Cities and Skill development is the vision of ‘Housing for All 2022’.

In a conclave held by the Confederation of Real Estate Developers Associations of India (CREDAI), a pan India representation of the real estate fraternity and the urban development ministry focused on ‘Housing for All’.

Read More »
 

Circle rates: Circumventing market logic »

Delhi/NCR
Festive season is in the air and that’s often good news for the real estate sector. Unless, of course, local governments decide to raise circle rates (also called guidance values or ready reckoner rates or whatever) to shore up revenues. These rates represent the government’s estimates of market values up.....

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Documents required before & after getting a home loan »

Every individual nurtures a dream of building his/her own home. This could, for all practical purposes, be termed the first such dream towards establishing the independence and security of an individual or a family and thus, carries an immense emotional connect.

Looking for properties across the country? Click for options!

Read More »
 

Draw for 25,000 DDA flats today, watch it live online »

Delhi/NCR
After a delay of 20 days, DDA will hold the draw for its 2014 housing scheme on November 25 from 11.30 in the morning.

The process is expected to take about one-and-a-half hours. The suspense for all the 10,08,700 applicants for the 25,034 flats is likely to be over by 1pm.

F.....

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Schemes, discounts make today best time to buy in Delhi »

With multiple lucrative schemes and discounts that seem too good to be true, doing the rounds in the real estate market today, should the end user take the plunge and buy now? Developers in Delhi NCR say yes!

Check out properties in New Delhi

Consumer sentiments in the real estate markets have.....

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Modi has 3D vision for nation: Naidu at CREDAI Conclave »

Real estate sector is key for the overall growth of the economy and the NDA government is working on several ways to make the going easy for the sector, said Venkaiah Naidu, Minister of Urban Development, Housing and Urban Poverty Alleviation and Parliamentary Affairs in New Delhi today.

Seeking investment related advice? Try .....

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Policy push brings affordable housing to Gurgaon »

When Supertech launched Basera, its affordable housing arm, on November 21st 2014, it was one of a long line of developers who have joined in the government’s policy of providing affordable housing across cities in Haryana. Launching a report at the CREDAI annual convention in Delhi today, Anuj Puri, managing director of Jones Lang LaSalle d.....

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Possession of 21000 plots next July »

Delhi/NCR
There is good news for buyers of plots along the Yamuna Expressway as the Yamuna Industrial Development Authority (YEIDA) announced on November 21 that 21,000 allottees will get possession by July next year.

The size of the plots ranges from 300 sqm to 4,000 sqm in sectors 18 and 20. The plot.....

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YEIDA settles farmers issues »

Delhi/Noida
To speed up development of Yamuna Expressway belt, the Yamuna Expressway industrial development authority has started distributing compensation to the farmers. The state government has also formed a committee to settle farmers’ issues.

Yamuna Expressway Industrial development authority CE.....

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CREDAI Conclave 2014: Watch live! »

Confederation of Real Estate Developers Associations’ of India (CREDAI) Conclave 2014 on the theme of Clean India- Skilled India- Strong India is being organised from November 24-25, 2014 at Hotel Taj Palace, New Delhi.

CREDAI is the apex body of housing and habitat providers with over 9,000 members spread across 23 states a.....

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DDA Housing Scheme 2014 results to be announced today »

New Delhi: The wait for DDA Housing Scheme 2014 applicants would get over as the authority is all set to announce the results of the flagship scheme on Tuesday.

The ‘DDA Housing Scheme 2014’ was launched on September 01 and the last date earlier was earlier decided as October 09 but on account of overwhelm.....

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Stuck in a delayed project? Know your rights! »

In a recent GuruTalk, a chat session organised by Magicbricks, Madhav Nair raised a simple question – “Why do buyers take for granted a year’s delay in project construction when the banks wouldn’t give any concession on the EMIs?” Asha Nayar Basu, senior partner, S Jalan and Company, Solicitors and Advocates says, “It is simply bec.....

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World\'s tallest tower to come up in Hyderabad »

New Delhi: The Telangana government Saturday decided to build the world`s largest tower and other skyscrapers at 40 places around Hussain Sagar lake in the heart of Hyderabad.

A meeting presided over by Chief Minister K. Chandrasekhar Rao decided to build the world`s tallest tower in Sanjeevaiah Park abutting .....

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Naidu reviews metro projects, regularisation of colonies issue »

New Delhi: Urban Development Minister Venkaiah Naidu Saturday reviewed various issues like regularisation of unauthorised colonies, drinking water problem in Dwarka area, land availability issues and metro projects.

Members of Parliament Meenakshi Lekhi, Udit Raj, Parvesh Verma, Ramesh Bidhuri, Mayors and chie.....

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Won\'t necessarily follow Western practices in making smart cities: Naidu »

New Delhi: Urban Development Minister M Venkaiah Naidu Saturday said India need not necessarily follow Western practices in building its own smart cities.

Naidu said nature, culture and prosperity should go hand in hand and that smart cities in India should be developed keeping in mind the Indian culture and t.....

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How to save taxes through property investments »

As a buyer, you would have countless things running through your mind. The budget you need to allocate to buy a house, where to buy, whether it is the right buy, how to save up and how to go about the right investment! Magicbricks organised a session with investment guru, Vaibhav Sankla, director, H&R Block India Private Limited.

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Home buyers prefer wellness features in projects »

New Delhi: Consumers prefer buying homes in the projects that have wellness features such as clean air and water and most of them are ready to pay a premium for a superior lifestyle, says a Tata Housing survey.

'Tata Housing Wellness Survey' was done to understand consumer insights into wellness and it.....

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Supertech to invest Rs 350 cr on low-cost housing in Gurgaon »

New Delhi: Realty firm Supertech Friday said it will invest about Rs 350 crore over the next four years to develop an affordable housing project at Gurgaon that will offer units in a price range of Rs 13-20 lakhs.

It would develop nearly 2,000 flats in the 12-acre housing project and this would be under the Ha.....

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Advantage Noida for the home buyers »

When 29 year old Farhad Alam planned on his first real estate investment he was sure about the location. It had to be Noida. Lower entry costs, proximity to Delhi, centre of job markets, new and quality constructions, upcoming schools and existing colleges and availability of properties within varied budget ranges. Alam also had an eye for the.....

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Delhi’s Khan Market is India’s most expensive retail location »

Delhi/NCR
National capital’s upscale Khan Market continues to be the most expensive place to hire a shop in the country, even though its ranking worldwide has dropped by three notches to 31st position.

Looking for a shop on rent in Khan Market? Check out these options!

“India’s K.....

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Prospects brighten on Dwarka Eway »

Delhi/NCR
The 18km-long Dwarka-Gurgaon Expressway (Dwarka Expressway)–also called Northern Peripheral Road–has emerged as the most sought-after real estate destination for home seekers and potential investors.

Proximity to the NCR regions and IGI airport, planned development, and forthcoming world-.....

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Best areas to live on rent in New Delhi »

Delhi/NCR
While it is every person’s dream and aspiration to own a house of their own, there is a major chunk of Indian population that lives on in rented accommodations.

When talking about living on rent, Delhi NCR certainly qualifies as a haven for rented homes. Some of the nicest areas to live in .....

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More realty space set for govt nod »

Delhi/NCR
As the decks are cleared for construction work to begin on the Noida-Greater Noida Metro, a proposal first made in 2013 to allow more realty space along the corridor could be cleared by the state government by the end of this month.

The Noida and Greater Noida Authorities had proposed a 0.5 i.....

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How safe is your investment in Abadi land »

In the last 1-2 years, Noida and Greater Noida real estate markets have seen a spurt in low budget housing. These properties are almost 25-50 per cent cheaper than the price of existing properties in the vicinity, staring as low as Rs 8 lakh. This has attracted huge buyer interest. Generally, builders come up with low rise structures of G+3 or.....

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No more queues, house tax payment to go online »

Delhi/NCR
If officials at the Municipal Corporation of Gurgaon (MCG) are to be believed, the municipality website will soon introduce online payment facility for submission of property tax and other fee.

A similar proposal was mooted few months back, but it failed to take off. Authorities, however, cla.....

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Raj Nagar Extn: On road to prosperity »

Delhi/NCR
In a major boost on the infrastructure front, work on the 10km-long elevated road joining Raj Nagar Extension to NH-24, in Ghaziabad, has begun.

The road, coming up at a cost of Rs 1,125 crore, is expected to improve connectivity and cut the driving time between Raj Nagar Extension and NH-24 .....

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Singapore offers to develop Delhi to a smart city »

Delhi/NCR
Many Indian cities including Delhi may be aspiring to be “smart” but that’s easier said than done. Singapore which is now working towards positioning itself as the first “smart nation” has done it through meticulous urban planning to use land, water and power most efficiently. Its Masagos Zulkifli, .....

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Probe against realty cos is in progress: CCI chief Ashok Chawla »

New Delhi: Competition Commission Wednesday said the probe into suspected unfair business practices by around 20 realty players is in progress.

Without disclosing specific details, Competition Commission of India (CCI) Chairman Ashok Chawla said the investigation is still under progress.

"We a.....

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Delhi\'s Khan Market is India\'s most expensive retail location »

New Delhi: National capital's upscale Khan Market continues to be the most expensive place to hire a shop in the country, even though its ranking worldwide has dropped by three notches to 31st position.

"India's Khan Market has slipped in global ranking for retail main street locations by three spots t.....

Read More »
 

ADB approves $350 mn for upgradation of roads in MP »

New Delhi: Asian Development Bank (ADB) will provide USD 350 million loan assistance for upgradation of district roads in Madhya Pradesh.

"The Asian Development Bank has approved a USD 350 million loan to upgrade district roads in Madhya Pradesh for a project which will tackle an important link in road improvements," ABD said in a stateme.....

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Stuck in a delayed project! Now what? »

Bikram Lahoti, a software engineer in Delhi booked a flat in the year 2003. The possession was to happen somewhere around July 2005. Lahoti’s parents were to come and stay with him in 2005 and he had planned to take them straight to his own home and not his shabby rented accomodation. But that house wasn’t ready and looked nowhere next to .....

Read More »
 

Farmhouse regularization scrapped »

Delhi/NCR
The three municipal corporations have decided to discontinue the process of regularization of farmhouses in Delhi following orders from the Union urban development ministry. Sources said the ministry is reviewing the Master Plan of Delhi 2007 and is likely to make necessary changes in the farmhouse regulariza.....

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E-registration fee soon for all documents »

Delhi/NCR
After introducing e-stamps for payment of stamp duty, Delhi government has now decided to introduce e-registration fee for all documents, including properties. The aim is to do away with the manual payment process, which is long and tedious. The divisional commissioner’s office is preparing to sign an agree.....

Read More »
 

What to do if the builder defaults »

A long wait to get the keys of your home is hard hitting for any real estate consumer who has put in their life-long savings to buy a roof over their head. Delays in construction, delivery and false promises by developers are a few problems that real estate buyers are facing today. Most of them don’t know how to deal with the situation.

Read More »
 

DDA sitting on Delhi land worth Rs 1 lakh crore »

Delhi/NCR
The Delhi Development Authority is sitting on vacant lands worth Rs 1 lakh crore in the capital, the consolidated size of which nearly equals the area of Lutyens’ Delhi.

Incredibly, DDA had little idea about the extent of its holdings till the results of an internal survey came in around 10.....

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How do we make luxury affordable? »

How about getting a house listed as Rs 2 crore for just a crore? Why worry about the brand of the developer? Why not just pay for quality where every developer is driven to ensure it? Kabir Arora is a successful businessman. With time he has realised that while real estate enthusiasts talk affordability, the focus should be affordability in al.....

Read More »
 

Register all leasehold property sales »

Delhi/NCR
Delhi government on November 14 took steps to not only put an end to the confusion among property buyers and sellers but also to contain the builder mafia. In a circular, sub-registrars across all 11 districts have been directed that the ‘agreement to sell’ between a buyer and the builder or developer mus.....

Read More »
 

DDA puts off housing scheme draw after last-minute hiccups »

Delhi/NCR
After facing last-minute technical hiccups on November 16, DDA has postponed the draw of lots for its flagship Housing Scheme 2014, which was scheduled to be held on November 17.

The decision comes in the wake of technical problem encountered by the housing body while holding the mock trial f.....

Read More »
 

NRIs attracted only to luxury homes is a misconception’ »

Gurpreet Arora owns a plush bungalow near Sainik Farms. The interiors and the architecture are an indication that he has been a prosperous businessman abroad, working as a hotelier. Arora has recently bought a 3BHK apartment in Gurgaon for Rs 80 lakh, solely for investment.

High-end properties or affordable ones? Magicbricks b.....

Read More »
 

Dharuhera: Perfect destination for realty »

Delhi/NCR
Dharuhera is the fastest growing industrial town on the outskirts of Delhi and real estate experts say it is the future growth centre of north India.

Dharuhera is located on NH-8, the busy Delhi-Jaipur Highway , and is on an hour’s drive from the IGI airport and only 27km from Gurgaon.

Read More »
 

Bhiwadi: The rising real estate star »

Delhi/NCR
Investors and end users buying property in Bhiwadi have all the reasons to smile, as price appreciation here has become a trend. Once a sleepy town adjoining Manesar, Bhiwadi has emerged as a significant market on the property map of the NCR in the last few years.

With property prices increas.....

Read More »
 

Ghaziabad nod to 10% property tax hike »

Delhi/NCR
If you own a house or a plot in Ghaziabad, be ready to shell out more property tax.

After 13 years, the Ghaziabad Municipal Corporation (GMC) has decided to increase property rental value – the basis on which property tax is calculated – in the city by 10%. So, this will translate into a .....

Read More »
 

Investing in Gurgaon for rental returns? Know this »

Jeet Singh, working with a semiconductors firm in Boston was raised in Delhi. After eight years of working abroad, he felt he should have some connect with his native land and is planning an investment in Gurgaon, since it lends a Delhi-feel and has more supply of properties. Singh wants a locality that tenants prefer, so he can divert the ren.....

Read More »
 

Regulations to operationalise DDA land pooling policy approved »

Delhi/NCR
The regulations for operationalisation of land pooling policy which envisages public private partnership in land assembly and its development has been approved by the DDA, the urban body said on November 12.

This policy will enable urban development in a speedy way where the role of the Delhi.....

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HUDA houses 60% cheaper than DDA: Experts »

Delhi/NCR
Even as more than 10 lakh applicants continue to wait for the lucky draw results for 25,000 housing units Delhi Development Authority (DDA) housing scheme, real estate experts feel there is no need for despair for those who miss the opportunity. For, there are more affordable and attractive options in vicinit.....

Read More »
 

After 13 years, property tax set to go up in Ghaziabad »

Delhi/NCR
Residents of Ghaziabad could soon be coughing up more as property tax, with the municipal corporation proposing a hike in rental values across the city. The proposal will be put up for approval in the board meeting of Ghaziabad Municipal Corporation scheduled to be held on Wednesday (November 12).

Read More »
 

Upcoming infra projects: Buy now or wait? »

It is an undeniable fact that a proposed infrastructure project tends to push up the property values. This is because the infrastructure project becomes the USP for the developers or property owners and buyers. What kind of infra projects make an impact on property prices? Which is the best stage to buy a property? How much appreciation can be.....

Read More »
 

LG allows DDA to buy private land directly »

Delhi/NCR
In a major shift in policy for acquiring private land, which till now had to be done based on guidelines of the New Land Acquisition Act, Delhi LG approved DDA’s proposal to buy it directly. Officials say implications of this policy change will be quicker acquisition of land and, thus, quicker delivery of p.....

Read More »
 

DDA to utilize prefab tech for quick finish »

Delhi/NCR
Having discovered the virtues of prefabricated homes, DDA has invested heavily not only in this year’s housing scheme, but also in future projects. More than 20,000 of the 25,000 houses being offered by DDA under its current scheme will be constructed using this technology.

About 30,000 mor.....

Read More »
 

DDA Housing Scheme 2014 results delayed again »

New Delhi: The wait is not yet over for DDA Housing Scheme 2014 applicants as the results of the flagship scheme will take more time to be declared.

The tentative date for holding the draw of the lots for the new scheme was on Wednesday (November 12), but a senior official of the housing authority has said tha.....

Read More »
 

Builders\' liquidity to improve after easing of FDI rules: Fitch »

New Delhi: Rating agency Fitch on Tuesday said the easing of FDI rules in the realty sector would improve the liquidity situation of developers and boost supply but could also result in increased price competition among the builders.

On October 29, the Cabinet had relaxed FDI rules in construction sector by re.....

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SAT clubs KP Singh, others\' petitions with main DLF case »

New Delhi: The Securities Appellate Tribunal (SAT) on Tuesday bundled the petitions from DLF promoter-chairman K P Singh and four others with the main petition that the realty major has filed with the quasi judicial body on October 22 and put off the hearing on the matter to December 10.

DLF chairman K P Singh.....

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Lakhs of housing units to be constructed in Outer Delhi areas »

Delhi/NCR
Lieutenant governor Najeeb Jung, chairperson of DDA, on November 10 gave his approval to the land pooling policy. LG’s nod has brought land pooling — combining contiguous plots — and the huge potential of creating more housing in Delhi closer to reality. Senior DDA officials say that a few operational i.....

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DDA to implement its transit-oriented development policy »

Delhi/NCR
In about four years, DDA is likely to implement the future of capital’s growth—Transit-Oriented Development (TOD) zone—in east Delhi’s Karkardooma. A TOD zone breaks away from the conventional model of city growth by creating a pedestrian-centric, open space where public transport is encouraged and ev.....

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DDA housing scheme 2014 draw likely on Wednesday »

New Delhi: The much-awaited draw for the DDA Housing Scheme 2014 has been reportedly pushed back to Wednesday (November 12) as the authority as still receiving corrections from the banks.

DDA vice chairman Balvinder Kumar is said to have told a leading daily that the draw is likely to be held on November 12.

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DDA Housing Scheme 2014 results delayed »

New Delhi: The wait is not yet over for DDA Housing Scheme 2014 applicants as the results of the flagship scheme will take more time to be declared.

The tentative date for holding the draw of the lots for the new scheme was November 10, but a senior official of the housing authority on Sunday said that the exa.....

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South Delhi at its ‘affordable’ best! »

Ruba Sohail, a participant in the webinar conducted by Magicbricks recently, was curious to know whether premium localities in Delhi NCR would see any change in the buyer’s profile or investment pattern because of the price drop recorded over the previous quarter.

Where do the rich buy properties in Delhi? Know these localit.....

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DDA gets over 10 lakh applications, dry run for draw today »

New Delhi: DDA has received over 10 lakh applications for the flagship 'Housing Scheme 2014' and it will on Monday conduct a dry run to check its preparedness for the much-awaited draw of lots.

The tentative date for holding the draw of the lots for the new scheme was November 10, but a senior official.....

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DDA approves policy of buying of pvt land through negotiations »

New Delhi: DDA has approved the policy of purchase of private land through negotiations, in view of the New Land Acquisition Act under which the buying has become "cumbersome and time consuming", the urban body on Friday said.

As many infrastructure and housing related projects have been "held up" because DDA .....

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What’s happening in the property market? »

In a recent webinar on ‘Delhi NCR, Kolkata demand 2BHK units, Gurgaon opts for 3BHKs’, Magicbricks attempted to study the same. Noted experts, E Jayashree Kurup, head, Content and Research, Magicbricks and Uma Sitaraman, lead researcher, IIMB-Century Real Estate Research Initiative (CRERI)  discussed sentiments across leading Indian realt.....

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DDA reports 5,484 acres of vacant land »

Delhi/NCR
A survey of DDA-administered land, conducted for the first time, has found 5,484 acres of vacant land in the city. It also by its vice-chairperson three months ago, has found 1,242 vacant plots.

The survey covered plots under various land uses-residential, commercial, industrial and recreatio.....

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What Rohini offers for home buyers »

With two metro stations to its credit, Rohini is a popular locality among end-users as well as investors. Again, while property prices are rising all over Delhi, Rohini maintains a price balance of anywhere between Rs 8,000-11,000 per sq ft! What’s more? PropIndex (Jul-Sep 2014), a research initiative undertaken by Magicbricks, features Rohi.....

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Unitech group firm sells 6 realty projects for Rs 1,850 cr »

New Delhi: Unitech Corporate Parks (UCP), the London listed Unitech group firm, on Wednesday said the company has completed a deal to sell its stakes in six IT-SEZ projects in India to Canada's Brookfield Asset Management for 188.9 million pounds (about Rs 1,850 crore).

However, the total sale proceeds are.....

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Japanese firm to build houses in India in JV; to invest Rs 6k cr »

New Delhi: In the first Japanese entry into the Indian property market, Tama Home on Wednesday announced construction of 12-18 projects at an investment of Rs 6,000 crore in partnership with another firm.

Tama Home, listed on the Tokyo Stock Exchange, has an annual sales of Rs 10,000 crore and builds 10,000 ho.....

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Should you switch home loan and why? »

The Indian loan market has been given a boost owing to faster processing, rebate on income tax and flexibility of repayment.

Considering an investment? Plan wise, try Magicbricks!

The domestic loan market is expected to touch Rs 21,980.6 billion by 2016 at a CAGR of 18.7 per cent. Among loans,.....

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Liked a property on TV? Research well before buying »

Vardhaman Kishore liked a property on TV and planned to buy it. The offer was attractive. A 2BHK for only Rs 11 lakh in an ‘upcoming’ locality on the Bhiwadi-Alwar Road and an upfront payment of Rs 11,000 only till the house is ready for possession. The intermediaries facilitated the transaction. Sounds good? When Kishore actually visited .....

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Housing prices rise in 18 cities by up to 3.9 per cent:NHB »

Housing prices appreciated in 18 major cities by up to 3.9 per cent in April-June over the preceding quarter while property rates fell in six cities including Delhi, according to National Housing Bank (NHB).

In the national capital, housing prices dropped by 3 per cent during the first quarter of this fiscal compared with the .....

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Buyers march against delay in flat delivery »

Delhi/NCR
Over 1,000 home buyers held a protest march in the city against “inordinate delays” by builders in delivering their projects.

The protest by “NCR Home Buyers’ Group” saw buyers of several big ongoing residential projects in Noida and Greater Noida taking part.

The m.....

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Now, apply and pay online for YEIDA housing scheme »

Delhi/NCR
Prospective buyers of flats launched by the Yamuna Expressway Industrial Development Authority (YEIDA) can now look forward to a hassle-free application and payment procedure as the development authority started accepting online payments from November 3.

For starters, YEIDA has launched the f.....

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Are subvention schemes profitable? »

Recently, a number of developers have come up with subvention schemes, where property buyers need to pay a small amount (5-20%) of the property at the time of booking and the rest can be paid at the time of possession.

Look for property options across Delhi!

Subvention schemes are a new form o.....

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Allot plots to Rohini applicants, SC tells DDA »

Delhi/NCR
Spelling partial relief for aplicants of DDA’s 1981 housing scheme, the Supreme Court on October 31 told the authority to complete the allotment process of 11,000 plots in Rohini.

While directing Delhi Development Authority, the apex court also said that allotment letters should be issued b.....

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Do you really know how much you pay for your house? »

Magicbricks gives you details of properties across the country with their listed prices. While some owners choose to give an all inclusive listed price, others do not mention the additional charges. Depending on market conditions, every buyer has a fair chance to negotiate and developers or home owners may be willing to give a discount.
.....

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Govt to launch \'rental housing\' scheme for migrants, poor »

New Delhi: Aiming to provide temporary shelter for migrants and homeless people, the government is firming up a new initiative to launch a rental housing project in the big cities to answer their accommodation needs.

"We are launching a major initiative to promote rental housing on a large scale, for which an .....

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Forget discounts, buyers look for good, on-time projects »

Madhav Bindra had been planning on a real estate investment for the last two years and singled out a local builder’s project in Noida a few months before the festive season. His priorities were an upcoming location, good facilities and a pocket-friendly house for four, not discounts.

Waiting for the right property? Check out.....

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DDA told to seal revised master plan »

Delhi/NCR
The urban development ministry on October 30 directed Delhi Development Authority (DDA) to finalise the revised Delhi Master Plan so that it can be notified by this year-end.

At the review meeting, chaired by UD secretary Shankar Aggarwal, DDA was directed to place the chapter on environmenta.....

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HCL chairman buys Rs 115 crore Delhi bungalow for daughter Roshni »

Delhi/NCR
In one of the latest bulge-bracket property deals in the national capital, HCL chairman Shiv Nadar has bought a bungalow in the Friends Colony East area of Delhi for Rs 115 crore.

This is one of the largest transactions in recent times in an area of Delhi outside of the coveted Lutyens Bungal.....

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Finish existing projects before starting new ones: Credai to builders »

Delhi/NCR
Real estate body Credai on October 30 said it has urged builders in NCR to not launch new projects before completing existing ones.

“Most of the genuine developers try to deliver on time, since delays lead to higher construction cost for the developer due to inflation and escalation of mate.....

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Housing prices rise in 18 cities by up to 3.9% »

New Delhi: Housing prices appreciated in 18 major cities by up to 3.9 percent in April-June over the preceding quarter while property rates fell in six cities including Delhi, according to National Housing Bank (NHB).

In the national capital, housing prices dropped by 3 percent during the first quarter of this.....

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IDBI Bank Q2 Net down 38% on employee cost, provisioning »

New Delhi: IDBI Bank today said its net profit fell by 38 percent to Rs 118.49 crore in the second quarter ended September 30 in the current financial year on higher employee cost and provisioning.

The state-owned bank's net profit during the same quarter a year ago stood at Rs 192.27 crore.
Bank m.....

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Know your market with Magicbricks »

Magicbricks recently conducted a webinar ‘Mumbai market shakes out of its slumber, Delhi awaits land pooling results’ to study the same. Noted experts, E Jayashree Kurup, head, Content and Research, Magicbricks and Dr Venkatesh Panchapagesan, associate professor, Finance and Coordinator, IIM Bangalore discussed sentiments across leading In.....

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Delhi’s young population most optimistic about buying property »

Sachin Kansal invested in his first property in Noida’s Sector 168 when he was just 26 and working with a multinational bank. Today, at 31, he realises that his good pay package, bachelor life and foresightedness have been of good help. Youngsters are eager to put in their ready cash in something that would be of use to them – real estate .....

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Fitch assigns stable rating to Indiabulls Real Estate »

New Delhi: Fitch Ratings has assigned a stable rating to Mumbai-based Indiabulls Real Estate Ltd.
It has also assigned B+ rating to the company's proposed dollar denominated notes.

"Fitch Ratings has assigned India-based Indiabulls Real Estate Ltd (IBREL) a Long-Term Foreign Currency Issuer Default.....

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FDI in real estate may double after easing of rules: NAREDCO »

New Delhi: Foreign direct investment (FDI) in the real estate sector could jump over two-fold in the next one year with easing of FDI rules in the construction sector, realtors' body NAREDCO said today.

Real estate developers and consultants were of the view that this move would give fillip to cash-starved.....

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Property prices likely to remain stable for next 6 mths: Survey »

New Delhi: Even as the overall sentiment in the real estate sector has improved, buyers feel property prices across top 10 cities are likely to remain stable for the next six months, according to a recent survey.

The Housing Sentiment Index (HSI) assessed by IIM Bangalore and real estate portal Magicbricks hom.....

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Noida Authority to bring Abadi land under it »

Delhi/NCR
It’s official. Noida Authority will amend its building bylaws to include abadi land falling in villages from December 01, 2014.

Officials said on October 30 that all formalities will be completed by October-end, and once finalized, the bylaws will define the permissible ground coverage, per.....

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Register flats only after papers in place: Owners »

Delhi/NCR
The Federation of Apartment Owners Associations (FedAoA) of Ghaziabad has urged the district administration to allow registration of flats in the city only after builders furnish completion certificates and deeds of declaration of their respective projects, along with stamp papers.

The federa.....

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3 underpasses among stalled big ticket projects to be cleared soon »

Delhi/NCR
The new government is all set to take up big ticket projects in the city. A day after he returned from the oath-taking ceremony of the new chief minister, mayor Vimal Yadav met MCG commissioner Vikas Yadav on October 27 to discuss all projects that were stalled due to the poll model code of conduct. Among them is the Rs 750 crore project.....

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Real estate industry hails govt move to ease FDI rules »

New Delhi: Real estate industry on Wednesday hailed the government's decision to relax FDI rules in construction sector, saying the move would help cash-starved developers raise significant amount of foreign funds and also complete the stuck projects.

"Praise to the Finance Minister for being so prompt in .....

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SAT to hear DLF\'s plea against Sebi order tomorrow »

New Delhi: The Securities Appellate Tribunal (SAT) will on Thursday hear an appeal against regulator Sebi by realty giant DLF, which has sought an interim relief for redeeming funds locked in mutual funds and other instruments.

Earlier this month, Sebi barred the company and six others, including the company&#.....

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Delhi Metro: Growth engine of NCR market »

Delhi/NCR
In the run up to expanding its footprint in various areas of the Delhi NCR, Del hi Metro has hugely boosted the property markets in Delhi, Ghaziabad, Noida, and Gurgaon. The announcement of each new corridor brings with it a push in property prices, on average, by 20-25% in the nearby areas.

.....

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Outer Delhi is site of Smart City »

Delhi/NCR
Commercial focus may move out of New Delhi with big plans of Smart City development being made on the outskirts. Under the direction of the urban development ministry, DDA is preparing a proposal to turn areas they had identified for land pooling into a giant, integrated Smart City.

Around 24.....

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YEIDA to set up 4 hi-tech townships »

Delhi/NCR
The Yamuna Expressway Industrial Development Authority (YEIDA) is all set to get the UP government’s nod for the second phase of Master Plan 2031, which was cleared in its board meeting last month. Once cleared, YEIDA will develop four new townships adjacent to the cities of Aligarh, Agra, Hathras and Mathu.....

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Areas around Delhi University campus spur rental demand »

Brinda Kaushik, a teacher by profession, is a 42-year-old widow living in Roop Nagar, barely 1 km from the prestigious educational institutions in the North Campus. Her husband had left behind an independent house which has now become a source of income for her.

You needn’t worry if you are looking for a tenant in Delhi Univ.....

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YEIDA to luanch affordable, green homes »

Delhi/NCR
This Diwali , the Yamuna Expressway Industrial Development Authority ( Yeida ) is SET to Launch Affordable Residential Flats for nearly 3,000 middle and Low INCOME green groups. Located in Sector 22A of Yeida , BE handed over to the units expected by ARE two thousand and seventeen, Officials said.

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DDA to webcast ‘Housing scheme 2014′ draw live on YouTube »

Delhi/NCR
The eagerly-awaited draw of lots for the flagship ‘DDA Housing Scheme 2014′ next month can be seen online as the housing authority has decided to webcast the entire event, a top official said.

The webcast would be available for “unlimited” number of online users through a YouTube chan.....

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Urban areas in and around Delhi constitute 40% of unsold real estate »

Delhi/NCR
Guess who probably had a terrible Diwali? The capital’s builders. Just look at one simple statistic. Urban areas in and around Delhi account for a stunning 40% of unsold real estate in India’s top eight cities. So, why is it so gloomy in NCR? Why does Bangalore and even Mumbai look better?

.....

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India embracing green tech in big way »

Delhi/NCR
The green building concept is gaining popularity in the corporate, institutional, and residential sectors where an increasing num ber of stakeholders acknowledge the benefits of green design and technology in the construction of buildings.

Green buildings promise well-ventilated working and r.....

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Forthcoming skyscrapers in Delhi NCR »

Delhi/NCR
The amenities promised by developers in many of the skyscrapers under construction in the Delhi NCR like bird’s-eye view of Delhi, sky decks, multilevel car parks, clubhouses, STP plants, and landscaped greens have been a hit with the well-heeled customers looking for the ultimate lifestyle living.
.....

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Tips to look for value for money homes in Delhi NCR »

Jayant Tripathi recently bought a house in Laxmi Nagar, East Delhi. As his family grew, he realised that his Rs 45 lakh worth 2BHK isn’t a solution for his 4 year old son’s worry of not being able to find an open space to play. He decided to take up a house on rent just a year into buying this house.

Check out prop.....

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Emaar MGF partners PayU for online payment facility to buyers »

New Delhi: Realty firm Emaar MGF has tied up with payment gateway firm PayU India for providing an online payment facility to its customers.

"Emaar MGF customers can now pay EMIs for their properties through PayUMoney," the developer said in a statement today.

PayUMoney would help customers to.....

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SEBI-DLF case may have wider ramifications for realty sector »

New Delhi: As realty giant DLF fights a three-year capital markets ban imposed by regulator SEBI, the case is being seen as one having wider ramifications for the entire real estate sector and the regulatory framework applicable to them.

SEBI barred DLF and six others, including the company's chairman and .....

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Housing prices remain stable in September, supply dips: CBRE »

New Delhi: Housing prices remained largely stable during the last month across the country's seven major cities while supply dipped marginally, according to property consultant CBRE.

"After recording an improvement in sentiments in August, the residential market saw a marginal dip in fresh supply of housin.....

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Festive season fails to bring cheers for real estate »

Delhi: Despite recovery in market conditions and sentiment, this festive season has failed to bring in cheers to the real estate industry as home buyers continue to remain cautious, according to industry experts.

Festive season is generally considered as the most important time for the realty sector as it reco.....

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How has real estate investment changed over the years? »

When 34 year old Ajay Mooken wanted to purchase a property, his parents were skeptical about the EMIs, home loans, interest rates and whether all that trouble could give him value for money. For a long time they decided against getting bothered by EMIs, only to let go of their inhibitions ultimately.

Check out properti.....

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Affordable housing focus of master plan »

Delhi/NCR
Having missed five deadlines Master Plan Delhi 2021 is inching closer to its final notification. With several changes to the existing draft along with new proposals, officials say the master plan is developing into one geared towards affordable housing.

Looking for affordable housing options .....

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Are developers over ‘loading’ the buyers? »

Loading’ has become a common terminology among the real estate fraternity. However, the extent of loading imposed by developers has been increasing year on year! ‘Why’ is what most of us want know!

Check out Magicbricks for properties across the country!

Are you living in a smaller apart.....

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Homebuyers to pay for Raj Nagar Metro station »

Delhi/NCR
In its board meeting on October 19, Ghaziabad Development Authority (GDA) approved a proposal to recover costs of building a new Metro station – the eighth and last one on the Dilshad Garden-New Bus Adda route on the banks of the Hindon river – from owners of adjoining plots. GDA expects the total cost of.....

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Additional 13 mn urban housing demand seen by 2018-end: C&W »

New Delhi: Property consultant Cushman & Wakefield on Monday projected an additional urban housing demand of 13 million units in the country by end of 2018, of which nearly one-fourth would be in the country's top eight cities.

This is in addition to the already existing unmet demand, it added.

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1 lakh green-rated buildings by 2025 »

It is estimated that the country will have over a lakh green buildings by end of 2025. The need to build green projects also stems from the fact that there are direct benefits of building such projects.

Ansal’s Esencia Community offers well-designed homes with the very best amenities. Esencia township has been registered as .....

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DDA housing scheme closes; 7.5 lakh applications received »

Delhi/NCR
The DDA has received a total of 7.5 lakh applications for it flagship ‘Housing Scheme 2014′, a senior official of the urban body on October 19 said.

The new scheme which offers over 25,000 flats across various categories came to a close yesterday and the housing authority is gearing up fo.....

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Investing? Affordable areas are yielding better! »

Vaibhav Guha Roy is an NRI born and brought up in Delhi’s Hauz Khas. On a brief tour to India he decided to look for a property that will bring constant yields while he is away and which in future can also be a good area for personal use, in case his 16 year old son decides to take up higher studies in Delhi.

Looking for pro.....

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DDA gears up to reclaim its land from mafia »

Delhi/NCR
Delhi Development Authority has started a campaign to not only reclaim its land parcels in the city, but also curb growing encroachment. Officials said the idea behind the move is also aimed at preventing the possibility of collusion between DDA employees and land mafia by making all records public.
<.....

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Noida Authority to acquire land to boost infrastructure projects »

Delhi/NCR
To speed up development projects especially along Noida-Greater Noida Expressway as, the Noida Authority will start land possession process of over 500 acre land including Kondali and Momnathal villages.

The Noida Authority officials said that in many villages along Noida-Greater Noida Expres.....

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Diwali lifts gloom, flat sales up 20% in NCR »

Delhi/NCR
Housing sales have risen by over 20% in the NCR in the run-up to Diwali this year as compared to last year, showing signs of improvement in the property market that faced a slowdown in 2013.

Flat bookings rise by 20% in NCR, Checkout your option before its too late!

Experts a.....

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Supertech hands over 1,000 homes to buyers in 2 Noida projects »

New Delhi: Realty firm Supertech Ltd on Friday said it is handing over 1,000 housing units to customers in its two housing projects in Noida.

The two housing projects 'Ecociti' and 'Capetown' are spread over 13 acres and 50 acres, respectively.

These projects were launched in 2.....

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Is it time for Dwarka Expressway investors to cheer? »

The last 4 km of the ongoing construction of the 18 km Dwarka Expressway has had most buyers and realtors enthusiastic and concerned. Trend watchers believe that this infrastructural development, set to connect Delhi and Gurgaon in an hour, is decisive when it comes to real estate.

Planning an investment in Delhi?

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Luxury re-defined at Dwarka Expressway »

With work on Gurgaon Dwarka Expressway in full swing and nearing completion at many stretches, the real estate segment has been registering a lot of activity along the entire stretch these days.

The 18km-long, 150-metre-wide expressway, also called Dwarka Expressway, connects at least 16 new residential sectors and other comme.....

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7.5 lakh applicants submit form to DDA »

Delhi/NCR
With final submission date for its housing scheme ending on October 15, DDA received a total of 7.5 lakh forms for its flats on offer this year. While there was a marginal increase in the interest in its housing scheme, the number of forms it received for its previous 2010 housing scheme which was 7.4 lakh, c.....

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‘Narela could be a Dwarka in the making’ »

Affordability has many takers if only areas with such properties could be identified. Despite Delhi Development Authority (DDA) coming up with a large number of houses in Narela, buyers seem to be a little reluctant. However, a few realise that in the long run, Narela could be a prize catch!

Planning on an investment i.....

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Home buyers seek larger living spaces: PropIndex. »

The latest edition of the PropIndex (Jul-Sep 2014) indicated a growing preference for residential houses while properties in the respective mid-segment range of each city saw the maximum demand!

Looking for spacious accomodations? Try Magicbricks and check out options!

With the government at the centre in plac.....

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Golf Course Extn Road offers premium lifestyle projects »

Delhi/NCR
Golf Course Extension Road is developing into a premium, lifestyle destination for residential and commercial projects. According to the new development plan, Sectors 58 to 67 will be developed in the first phase.

These sectors will have 60-metrewide roads. All roads in the planned sectors wi.....

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Where to look for homes within Rs 20 lakh in Delhi! »

Raghuvansh Mishra, a Lucknow based businessman has just finished repaying the home loan he had taken for his first house. He is looking for an affordable second home in Delhi where most of his business clients are based. With Rs 20 lakh as his budget, where should Mishra go?

Check out properties within Rs 20 lakh in De.....

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Realty bullish on Dwarka Expressway »

Delhi/NCR
In addition to the availability of good infrastructure and basic fa cilities in the vicinity, connectivity today is a major deciding factor while buying property, as properties that have come up near expressways have always given higher returns.

Thus, the recent assertion of the Union ministr.....

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Gurgaon, Noida lead demand in premium projects »

Delhi/NCR
The NCR will continue to see increased investments in the super-luxury housing space due to strong demand in the region. The NCR regions today sport a growth story that mirrors India’s growth over the last decade. Today, Gurgaon registering rapid urbanization has the third highest per capita income in India.....

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What is an ideal retirement destination? »

Almost each one of us save, plan and look for a perfect place to retire. An ideal destination differs from person to person as everyone seeks a place that matches their respective needs. While some look to retire in the place they grew up in, others want to move to a metro city to live in a better developed area. Then there are those who have .....

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Noida Authority eyes abadi land, to change bylaws »

Delhi/NCR
The Noida Authority is working on revision of its building bylaws to bring abadi land in villages under its purview. While the Greater Noida Authority oversees all constructions carried out in villages, the jurisdiction of municipal authorities and the urban development department does not apply to abadi land.

The move f.....

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Where do expats love to live in Delhi? »

Delhi being a business, educational and political capital, you wouldn’t be too surprised to see an expat or a foreign national on tour or research. HSBC’s Expat Explorer Survey 2013, indicates that multinational companies eager to expand their operations are identifying economically viable grounds beyond their headquarters. Consequently, t.....

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Housing demand to pick up in 6-8 months: Report »

New Delhi: Housing sales have remained lower than expected so far during the current festival season mainly due to high interest rates and the demand is likely to pick up only in the next 6-8 months, according to a report by Knight Frank and Ficci.

Property consultant Knight Frank and industry body FICCI Tuesd.....

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Stable government turns sentiments positive, impact on realty yet to be visible »

The functioning of a stable government at the Centre, announcement of favorable real estate policies and opening up of new financing channels have definitely set a positive mood in the market. This is clearly evident from the upgradation of ‘Standard & Poors’ rating on the outlook for India to ‘stable’ from ‘negative’ and increase .....

Read More »
 

Senior citizens consider housing options in Delhi NCR »

Housing for senior citizens is the latest buzz as senior citizens seek specialised accommodation options that cater to their specialised needs.  

Looking for properties in and around Delhi? Try Magicbricks!

When the family size of Anil (58) and Savita Bajaj (55) grew from four to nine members.....

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Yamuna Expressway witnesses rapid development »

Delhi/NCR
With improved connectivity and fast pace of infrastructural development, the 165km-long Yamuna Expressway is being considered as one of the best locations for real estate development.

To boost the area’s profile further, Yamuna Expressway Industrial Development Authority (YEIDA) has allotte.....

Read More »
 

Delhi HC dismisses DLF plea questioning CCI jurisdiction »

New Delhi: The Delhi High Court on Friday dismissed DLF Home Developers Ltd's plea questioning whether CCI had the jurisdiction to probe allegations of anti- competitive practices against it in respect of its residential projects in Gurgaon.

Justice Manmohan dismissed DLF's petitions saying "they have .....

Read More »
 

Crossings Republik takes over Raj Nagar Extension »

According to the forthcoming issue of PropIndex, Jul-Sep 2014 quarter, rental values in Crossings Republik saw a rise of 4 per cent while Raj Nagar Extension, on the other hand, saw a drop of 3 per cent. Raj Nagar Extension also dropped one position in the list of the preferred localities for sale where it was replaced by Crossings Republik in.....

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