Areas like New Gurgaon, Sushant Lok and Golf Course Extension Road, South of gurgaon are considered ideal for investment in Gurgaon given their developed infrastructure and connectivity quotient. Gurgaon witnessed rapid industrialization and urban development over the past decades which turned it into a prominent commercial and industrial hub. The presence of IT, finance and […]
The much awaited Real Estate Bill, which aims to protect the interests of buyers and bring more transparency to the sector was on Thursday passed in Rajya Sabha. The bill was first introduced in 2013 and amendments have been made to it by the present government. The Finance Ministry in 2012 paper on black money […]
The Union government on Thursday announced the names of the first 20 urban areas that will be developed as smart cities. “Implementation of smart cities plan will showcase integrated planning. The investment of Rs 50,802 crores has been proposed in selected smart cities and towns during the five-year period,” said minister of urban development Venkaiah […]
From Flipkart to Ola, the new age are not only helping the growth of Indian economy but are also positively impacting the commercial & residential sector of the country. Leasing segment in both the sectors have seen an uptrend, especially by the demand generated from such start-ups and e-commerce organisations. According to NASSCOM Start-up India […]
Prime Minister Narendra Modi on Saturday unveiled the ambitious ‘Startup India’ initiative to boost startup businesses and digital entrepreneurship in India. He announced the salient features of the plan at the Vigyan Bhawan auditorium, New Delhi. A few significant features of the plan are as follows: ■ Tax Exemption for Startups: Profit of startups set […]
The future of Gurgaon’s real estate market is bright. Although changes will not happen overnight, 2016 will bring visible progress on the ground, experts say. Gurgaon has for long been a bellwether of the rapid growth in the country over the years, thanks to the pres ence of MNCs and the ITeS sector. This has […]
The Union cabinet on Wednesday cleared 20 key amendments to the Real Estate (Regulation and Development) Bill with a view to safeguarding property buyers’ interests from unscrupulous realtors by regu-lating the sector while provid-ing for penal measures against defaulting customers, too. In a slew of “pro-consumer” measures, the cabinet chaired by Prime Minister Narendra Modi […]
A brand new office district with over 20 million sq ft of IT SEZ space is in the works in Gurgaon that could extend the axis of development in the city. Gurgaon-based builder IREO and a joint venture of Singaporean IT park specialist Ascendas and sovereign fund GIC are separately planning to build IT SEZ […]
Home sales in Indian cities jumped up to 15% during the Dussehra and Diwali festive season as direct discounts offered by developers on affordable homes found a lot of buyers. According to industry insiders, housing sales increased 10%-15% year on year this festive season although the resale market is still waiting for any signal of […]
RBI’s decision to keep the repo rates unchanged has attracted varied reactions from the real estate industry. While some seem disappointed by the move, some had anticipated this balanced judgement. After declaring a Repo rate cut of 125 basis points until September 2015, the Reserve Bank of India (RBI) decided to keep it stagnant in […]