Archive for the ‘Delhi Real Estate News’ Category

New Delhi most Expensive Indian City in Terms of Cost of Living

New Delhi has emerged as the most expensive city for expatriates in terms of cost of living, according to a survey by global HR consultancy Mercer said. However, the cost of living in Indian cities still happens to be cheaper than 84 cities in other parts of the world, the ‘2010 Cost of Living Survey’, [...]

Tishman Speyer Plans to Expand its Presence in India

Tishman Speyer, one of the world’s leading real estate developers, unveiled its first property in Hyderabad and said it is looking to expand its operations to Mumbai and Delhi. This is the company’s first property in Asia. Company chairman Jerry Speyer told reporters after the opening of its IT park in the city that Tishman [...]

Indiareit Raising Rs 350 crore for Domestic Realty Fund

Indiareit Fund Advisors, the Ajay Piramal group-promoted realty fund manger, was close to raising Rs 350 crore from high net worth individuals (HNIs) for its new property fund, said an executive. After doing so, it is setting its sights on raising a $250-million (Rs 1,100 crore) offshore fund, lined up for the next financial year. [...]

Omaxe Sees Surge in Profits

New Delhi-based property developer Omaxe Ltd reported a profit of Rs45.12 crore in the three months ended 31 March, compared with a loss of Rs41.62 crore a year earlier, as it benefited from increased demand from buyers in small cities. Net sales increased almost sixfold to Rs378.20 crore in the term from Rs64.01 crore in [...]

Biggest deal: 6 acres for Rs. 4k cr

Mumbai: Mumbai has bagged the biggest deal of Rs. 4,053 crore from Lodha Group on 25th May. This has set an all-India record in realty market. Though Mumbai has few open spaces like parks and playgrounds compared to other leading global cities but, its real estate is among the priciest in the world. It was predicted [...]

New Delhi Based Developer Gulshan Homz Announces Launch of Luxury Housing Project in Noida

New Delhi-based leading luxury real estate developer Gulshan Homz has just announced the launch of Vivante, an affordable luxury project, in Sector 137, Noida. Inaugurating the project, Gulshan Nagpal, MD, of Gulshan Homz said, “Vivante is a French word, which means ‘a person with refined taste’. And Gulshan Homz is a developer with a refined [...]

Selling your property? Get the papers in order

Planning to sell your old house to buy a new one? Undoubtedly, residential properties sell like hot bread in metros like Delhi, Mumbai or Chennai , or even in tier II towns like Pune, Coimbatore or Chandigarh. It was a simple journey for Bangalorebased software professional Puneet and his wife Haimanti. They sold their house [...]

Delhi to have Real Estate Regulator by Year-End

Delhi will have real estate regulator by this year-end, Urban Development Minister S. Jaipal Reddy said Thursday. He also said the government was talking to other states to have similar regulators. “The state governments have sounded positive. It would take time to happen. But Delhi will get a regulatory authority for the real estate by [...]

CREDAI Organises Conference on Formulation of Banking Strategy for Real Estate

CREDAI NCR, the Delhi-NCR chapter of the Confederation of Real Estate Developers’ Associations of India (CREDAI), the apex body of real estate in India, organised a conference on Formulation of Banking Strategy & the Economic Outlook for Real Estate for 2010-11 here. The Summit covered a wide range of topics of interest to the stakeholders [...]

Delhi to have its realty regulatory authority this year

The much-awaited real estate regulatory authority, which intends to shield small-time buyers from fly-by-night developers, will be formulated this year, said S Jaipal Reddy, Union Minister of Urban Development. “We will have a realty regulatory authority for Delhi by 2010. We are also speaking to other states to set up similar agencies, which can protect [...]