While refusing to grant interim bail to jailed Unitech promoters, Sanjay Chandra and Ajay Chandra till September 15, 2017, in a case of alleged forgery lodged by home buyers of its Gurugram-based housing project, … READ FULL STORY
A Supreme Court bench, comprising chief justice Dipak Misra and justices AM Khanwilkar and DY Chandrachud, on September 4, 2017, warned Parsvnath Developers that if the cheques given to union minister Rajyavardan Singh Rathore … READ FULL STORY
IT/ITeS and BPO companies, have been instrumental in attracting the young workforce to big cities like Delhi, Bengaluru, Mumbai, Pune, Hyderabad, Jaipur, etc. Consequently, this job sector has significantly impacted the rental landscape of … READ FULL STORY
With rising demand for office spaces in Delhi, co-working spaces have gained popularity. The trend started last year, with providers of such spaces enticing start-ups and self-employed people to lease such properties. Now, these … READ FULL STORY
The new metro rail policy, will increase the state government’s role and responsibility in developing new metro projects, says a report by ICRA. The report elaborated that the viability can be improved, by promoting … READ FULL STORY
As the office demand continued to intensify in Q2 2017, an upward pressure on rental values was observed in a few micro-markets across India. A high rental growth was seen mostly in the southern … READ FULL STORY
Over the last one year, property rates have witnessed dramatic fluctuations, due to reasons like the demonetisation drive and the introduction of laws like the Real Estate (Regulation and Development) Act (RERA), the Goods … READ FULL STORY
A National Green Tribunal (NGT) bench, headed by justice Jawad Rahim, has extended its stay on the work on a waste treatment plant being built in the Basai wetland in Gurugram, after the counsel … READ FULL STORY
Housing.com, part of Elara Technologies Pte Ltd, which also owns PropTiger.com and Makaan.com, on August 9, 2017, unveiled its key insights on house renting patterns. According to their research, 1-BHK units are the preferred … READ FULL STORY
PropTiger.com, on July 27, 2017, released the findings of ‘Realty Decoded’ report for the April- June quarter of the financial year 2017-18 (Q1, FY18). As per the report, residential sales in the real estate … READ FULL STORY
Haryana chief minister Manohar Lal Khattar, on July 24, 2017, inaugurated the 1.4-km-long, eight-lane flyover at Hero Honda Chowk in Gurugram. Speaking on the occasion, Khattar said the flyover would ease traffic congestion at … READ FULL STORY
Despite the demonetisation exercise and recent layoffs by technology companies, due to automation and changing technology, commercial markets continued to remain resilient, backed by sustained expansion plans of the major occupiers. The gross office … READ FULL STORY
Additional sessions judge Virender Kumar Goyal, on July 10, 2017, extended the interim bail granted to Unitech Ltd promoter Sanjay Chandra, till August 9, on a personal bond of Rs 70 lakhs. While extending … READ FULL STORY
