HUDA auctions 10 acres for record Rs 842 crore, more such deals in the offing It seems that the rechristen of Gurgaon to Gurugram has also recast the fortune of real estate of the city. Gurugram, which had been in news for land scams and spurious land deals in the previous government, has now hit […]
The city will soon have its own Real Estate Regulatory Authority (RERA), announced Haryana chief minister Manohar Lal Khattar on Tuesday. He added that only the names of officials remain to be declared. “This new body will regulate the real estate development and disputes at the citizens’ doorstep; the city needs it for better development,” […]
Amid a slow-moving realty market, Donald Trump Jr is expected to visit Gurgaon sometime in the next couple of weeks to inaugurate two premium realty projects. While one of these is a residential project, the other is commercial. According to sources close to the development, Trump Jr is expected to visit sometime in mid-November. However, they did not have the […]
7th Pay panel’s push set to boost housing sector In a move that is set to give a boost to the housing sector, the government on Thursday revised the House Building Advance (HBA) rules for central government employees, increasing by over three times the amount they can borrow from the government for constructing or buying […]
The real estate sector is expected to feature in the November 9, 2017 GST meet. The government has been hinting that the sector can be considered to be brought under GST. Then all individual taxes would be subsumed into the GST. Or will it? Practically, can all central, state and local taxes on real estate be subsumed […]
GCR is now positioned as a high-end luxury destination for office and residential space.With a mix of high-end retail, mall, and other social infrastructure coming up here at a rapid clip, GCR is being talked about as an integrated and self-sustainable micromarket of the future Gurgaon, more popularly known as Millennium City, is seeing constant […]
With current office stock vacancy levels close to 14%, limited supply of quality Grade A office space, and rising interest from corporate occupiers, the Commercial Office rentals on GCR will strengthen in the short term. In the long term, given the amount of commercial office supply that is currently under construction here and will come […]
The real estate sector in the country has evolved in the past few years. Simply delivering exceptional living spaces and customer service is not enough to help a customer in taking a decision in your favour. The game now rests on who can also deliver a truly differentiated customer experience apart from the right property. […]
The implementation of reforms such as RERA (Real Estate Regulation and Development), GST (Goods & Service Tax) have changed the dynamics of the real estate sector. It may lead to near-term pain till the industry adjusts to the new rules, but will certainly augur well for the sector in the future. RERA has paved the […]
At a time when housing sales dropped 18% year on year to 44,755 units in nine major cities during the September quarter on continued slowdown in the property market, sales in Gurgaon rose by 60% to 3,342 units, according to a report by realty portal Prop Tiger.com. The report said Mumbai also saw a 6% […]