OCUS Group Announces the Launch of its Second Commercial Project in Gurgaon
After the grand success of Ocus Technopolis, located on the Golf Course Road in Gurgaon, Ocus Group has announced the launch of Ocus Technopolis2 — Gurgaon’s first ultra efficient commercial project. Spread over 2.43 acres in Sector 51, Gurgaon, Ocus Technopolis2 is slated to become the location of choice for all retail and commercial needs, [...]
Continue reading...2. September 2010
Builders have no right to sell stilt parking: Supreme Court
The Supreme Court has ruled that builders/promoters cannot sell parking areas as independent units or flats as the same is to be extended as “common areas and facilities” for the owners. A bench of Justices R M Lodha and A K Patnaik in a judgment rejected the argument of a real estate development company that [...]
Continue reading...2. September 2010
FAR raised, Noida set to grow taller, greener
More Flats Soon As Ratio Up From 2.5 To 3 Noida is set to grow vertically, and if all goes to plan, get a greener and more resident-friendly look. The New Okhla Industrial Development Authority (Noida) has increased the floor-area ratio (FAR) — the ratio between total built-up area and area of land on which [...]
Continue reading...1. September 2010
Now you can make 3-storey house in Noida
अगर आप नोएडा में अपने प्लॉट पर घर बनाना चाहते हैं तो एक खुशखबरी है। नोएडा अथॉरिटी बोर्ड की मंगल वार को हुई बैठक में [...]
Continue reading...1. September 2010
HDFC raises home loan rates by 50 bps
Housing Development Finance Corporation (HDFC), India’s largest mortgage financier, today increased its retail prime lending rate (PLR) by 50 basis points (bps) to 14.25 per cent. This is the first time HDFC is increasing its PLR in two years. According to a senior HDFC official, 75 per cent of the mortgage financier’s lending is done at [...]
Continue reading...1. September 2010
MP builder cites staff crunch for project delay
Shortage of skilled r in view of the manpower in view of the Commonwealth Games and construction activity at Indira Gandhi International Airport at New Delhi has been cited as reasons for further delay in completion of Kundli-ManesarPalwal (KMP) Expressway by the concessionaire, KMP Expressways Ltd (KMPEL). Having missed the July 2009 deadline for making the [...]
Continue reading...1. September 2010
GURGAON TO CP BY METRO RAIL FROM SEPTEMBER 3
Gurgaon to Centra Delhi in 48 minutes flat. The dream will finally come true at 3 p.m. on September 3 after Delhi Metro starts operation on its Central Secretariat Qutub Minar stretch. Currently, the line is only partially open -from Gurgaon’s HUDA City Centre to Qutub Minar in South Delhi. For the first time, the Metro will cut [...]
Continue reading...30. August 2010
Consumer Affairs Ministry Gives Green Signal to 49% FDI in Multi-Brand Retail
The Consumer Affairs Ministry has given the green signal to allow 49 per cent FDI in multi-brand retail. It has written a letter to this effect to the Commerce Ministry. India currently allows 100 per cent FDI in cash-and-carry operation and 51 per cent in single-brand retailing. Foreign investors are barred from investing in multi-brand [...]
Continue reading...30. August 2010
Maharashtra Govt Prohibits Use of Petrol Pump Land for Real Estate Purpose in Mumbai
Fascinated by the lure of real estate, owners of fuel refilling centres in the city have long started dreaming of giving up their current business and jumping into the land development bandwagon. Some of them, in fact, have already got the civic body’s permission to change the usage of the land. However, the state government [...]
Continue reading...30. August 2010
6 Chennai Projects Get Top Ratings from CRISIL
Six real estate projects in Chennai have got top ratings from Crisil, which has, for the first time, has come out with a product to provide city-specific all round assessment of real estate projects. Addressing a gathering got up to announce the award of 7-Star rating to Abode Valley and 6-Star rating to Central Park — [...]
Continue reading...2. September 2010
OCUS Group Announces the Launch of its Second Commercial Project in Gurgaon
After the grand success of Ocus Technopolis, located on the Golf Course Road in Gurgaon, Ocus Group has announced the launch of Ocus Technopolis2 — Gurgaon’s first ultra efficient commercial project. Spread over 2.43 acres in Sector 51, Gurgaon, Ocus Technopolis2 is slated to become the location of choice for all retail and commercial needs, [...]
Continue reading...2. September 2010
Builders have no right to sell stilt parking: Supreme Court
The Supreme Court has ruled that builders/promoters cannot sell parking areas as independent units or flats as the same is to be extended as “common areas and facilities” for the owners. A bench of Justices R M Lodha and A K Patnaik in a judgment rejected the argument of a real estate development company that [...]
Continue reading...2. September 2010
FAR raised, Noida set to grow taller, greener
More Flats Soon As Ratio Up From 2.5 To 3 Noida is set to grow vertically, and if all goes to plan, get a greener and more resident-friendly look. The New Okhla Industrial Development Authority (Noida) has increased the floor-area ratio (FAR) — the ratio between total built-up area and area of land on which [...]
Continue reading...1. September 2010
Now you can make 3-storey house in Noida
अगर आप नोएडा में अपने प्लॉट पर घर बनाना चाहते हैं तो एक खुशखबरी है। नोएडा अथॉरिटी बोर्ड की मंगल वार को हुई बैठक में [...]
Continue reading...1. September 2010
HDFC raises home loan rates by 50 bps
Housing Development Finance Corporation (HDFC), India’s largest mortgage financier, today increased its retail prime lending rate (PLR) by 50 basis points (bps) to 14.25 per cent. This is the first time HDFC is increasing its PLR in two years. According to a senior HDFC official, 75 per cent of the mortgage financier’s lending is done at [...]
Continue reading...1. September 2010
MP builder cites staff crunch for project delay
Shortage of skilled r in view of the manpower in view of the Commonwealth Games and construction activity at Indira Gandhi International Airport at New Delhi has been cited as reasons for further delay in completion of Kundli-ManesarPalwal (KMP) Expressway by the concessionaire, KMP Expressways Ltd (KMPEL). Having missed the July 2009 deadline for making the [...]
Continue reading...1. September 2010
GURGAON TO CP BY METRO RAIL FROM SEPTEMBER 3
Gurgaon to Centra Delhi in 48 minutes flat. The dream will finally come true at 3 p.m. on September 3 after Delhi Metro starts operation on its Central Secretariat Qutub Minar stretch. Currently, the line is only partially open -from Gurgaon’s HUDA City Centre to Qutub Minar in South Delhi. For the first time, the Metro will cut [...]
Continue reading...30. August 2010
Consumer Affairs Ministry Gives Green Signal to 49% FDI in Multi-Brand Retail
The Consumer Affairs Ministry has given the green signal to allow 49 per cent FDI in multi-brand retail. It has written a letter to this effect to the Commerce Ministry. India currently allows 100 per cent FDI in cash-and-carry operation and 51 per cent in single-brand retailing. Foreign investors are barred from investing in multi-brand [...]
Continue reading...30. August 2010
Maharashtra Govt Prohibits Use of Petrol Pump Land for Real Estate Purpose in Mumbai
Fascinated by the lure of real estate, owners of fuel refilling centres in the city have long started dreaming of giving up their current business and jumping into the land development bandwagon. Some of them, in fact, have already got the civic body’s permission to change the usage of the land. However, the state government [...]
Continue reading...30. August 2010
6 Chennai Projects Get Top Ratings from CRISIL
Six real estate projects in Chennai have got top ratings from Crisil, which has, for the first time, has come out with a product to provide city-specific all round assessment of real estate projects. Addressing a gathering got up to announce the award of 7-Star rating to Abode Valley and 6-Star rating to Central Park — [...]
Continue reading...
- OCUS Group Announces the Launch of its Second Commercial Project in Gurgaon
- Builders have no right to sell stilt parking: Supreme Court
- FAR raised, Noida set to grow taller, greener
- Now you can make 3-storey house in Noida
- HDFC raises home loan rates by 50 bps
- MP builder cites staff crunch for project delay
- GURGAON TO CP BY METRO RAIL FROM SEPTEMBER 3
- Consumer Affairs Ministry Gives Green Signal to 49% FDI in Multi-Brand Retail
- Maharashtra Govt Prohibits Use of Petrol Pump Land for Real Estate Purpose in Mumbai
- 6 Chennai Projects Get Top Ratings from CRISIL
2. September 2010
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