Farmers in Shahberi have proposed to build a township on their land. Shahberi was the first village in the proposed realty hub of Noida Extension where a court quashed acquisition. This prompted other villages to seek their land back, giving tensions t…
Posts Tagged ‘Faridabad’
Realty projects scrapped, Shahberi farmers plans their own township
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Faridabad Metro link gets nod
NEW DELHI: The Delhi Metro’s extensions into the national capital region got a shot in the arm on Monday with the Haryana government signing an MoU with the Delhi Metro Rail Corporation (DMRC) for the extension of the Central Secretariat-Badarpur…
Haryana plans to revive mining in ravaged Aravalis
Some 20 months after the Supreme Court suspended mining in the Aravalis in May 2009 due to the havoc wrought upon this crucial range around Delhi,the Haryana government has drawn up a fresh plan to revive mining in the ravaged parts of Aravalis in Fari…
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BPTP buys out Merrill Lynch’s 49% Stake in Gurgaon Project for 180 crore
Real estate developer BPTP is buying back Merrill Lynch’s 49% stake in its Crest office building in Gurgaon for Rs 180 crore. The developer has its corporate office in the same building. Merrill Lynch had invested Rs 100 crore in the project in 2…
Real Estate Firms Drop Overseas Plans, To Stay Grounded in India
Real estate companies, which started venturing overseas around 2006-07, are reviewing their global plans. With the slump in international realty markets, many domestic companies are either withdrawing from weak markets or putting their global plans on …
Godrej Properties assigns development rights for second Gurgaon project to subsidiary
A subsidiary company of Godrej Properties will develop a residential project for the company in Gurgaon’s sector 104. The Mumbai-based real estate company informed the Bombay Stock Exchange that it has assigned all the rights and obligations of the company under the development agreement entered with Magic Info Solutions Private Limited & Others dated August [...]
Delhi-NCR tops list for unsold homes
Real estate developers maintain price levels even as demand slows and interest rates rise. This year, the unsold inventory in residential real estate was the highest in Delhi-NCR at 102,758 units, followed by the Mumbai metropolitan region at 90,512. Bangalore came next with 46,596 units, and Pune followed with 40,734 units, according to PropEquity, a [...]
Amrapali in funding talks with PE firms
Realty firm Amrapali Group is in the process of raising about Rs 220 crore from private equity (PE) firms to fund the construction of two of its large residential projects in Noida. The Noida-based developer is raising Rs 100 crore from IL&FS Investment Managers Ltd for its 20-acre Princely Estate mid-segment apartment project. From JPMorgan [...]


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