In the top 9 cities in India, there has been a massive developer consolidation, with over 50% of the total developers that existed in 2011-12 leaving the market by 2017-18, according to PropEquity Research. … READ FULL STORY
In an order dated June 18, 2019, the Central Pollution Control Board (CPCB) has held Ansal Properties and Infrastructure guilty of the discharge of untreated waste for 281 days in its 604-acre residential complex … READ FULL STORY
A Rs 500-fine was imposed on India cricket captain Virat Kohli, after a domestic help was found cleaning a car with running water from a pipe outside Kohli’s DLF Phase 1 residence in Gurugram, … READ FULL STORY
Indian commercial real estate developers have been gradually aligning themselves, to meet the increasing demand for Grade A properties. In the top 7 real estate markets in India, including Delhi-NCR, Mumbai city and Bengaluru, … READ FULL STORY
New launches of housing units increased by 3% across the top nine cities in India (Gurugram, Noida, Mumbai, Kolkata, Pune, Hyderabad, Bengaluru, Thane and Chennai), in the first quarter (January to March) of 2019 … READ FULL STORY
Chintels Group has announced the launch of the second phase of its luxury project – Chintels Serenity phase II – in Sector 109, Chintels Metropolis on Dwarka Expressway, Gurugram. Chintels Serenity phase II will … READ FULL STORY
Mobility of students in India is increasing and it is common to see students moving to different cities, for higher education. However, there remains a dearth of good hostels and other amenities, to accommodate … READ FULL STORY
The National Green Tribunal (NGT) has imposed an environmental compensation charge of Rs 10 crores on Ansal Buildwell Ltd and its sister concern Aadharshila Towers Private Ltd and Rigoss Estate Networks Private Ltd and … READ FULL STORY
Residential real estate sales saw some moderation in January 2019 (-4.6% yoy) and this is likely to accelerate in the two months up to March 2019, owing to the change in the rate of … READ FULL STORY
The Delhi government has chalked out a plan to cut down travel time between Gurgaon and north Delhi by constructing a North-South corridor across the city. The proposal has been sent to the Unified … READ FULL STORY
The proposal of the GST Council, to reduce the Goods and Services Tax (GST) rate on under-construction properties, will likely have mixed implications for the sector, with consumers for high-price inventory (such as Mumbai … READ FULL STORY
A palatial villa in Golf Links or Jor Bagh may be every home seeker’s dream but not everyone can turn it into reality. When it comes to realistic dreams, most of Delhi’s middle-class, salaried … READ FULL STORY
Admitting the insolvency pleas of two home buyers against Emaar MGF Land, a two-member bench headed by National Company Law Tribunal (NCLT) president justice MM Kumar, has appointed Manoj Kumar Anand as the interim … READ FULL STORY
