Realty Bill may open new doors to transparent, secure home buying
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Tue, 6/12/11 – 15:41 | No Comment

For many, buying a residential property is the biggest investment they make in their lifetime. Last week, the government released for public comments a draft Real Estate Regulation Bill, which is said to be on …

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Articles Archive for March 2009

Supposed Targeting of the DDA Flats Reserved for SC/ ST Categories
Thursday, 12 Mar, 2009 – 9:55 | No Comment
Supposed Targeting of the DDA Flats Reserved for SC/ ST Categories

DDA Flats reserved for the Scheduled Castes (SC) and Scheduled Tribes (ST) Categories were supposedly the target under the alleged DDA Draw 2008 Scam. Udit Raj head of All India Confederation of SC/ST Organizations had …

Rumored Demand of Cancellation of Draw 2008 by DDA Flats Applicants
Thursday, 12 Mar, 2009 – 9:54 | No Comment
Rumored Demand of Cancellation of Draw 2008 by DDA Flats Applicants

Rumors of DDA Housing Scheme 2008 Applicants demanding immediate cancellation of the Draw have. After reports of irregularities in the DDA Draw 2008 Results, media channels are running news claiming that the 12.64 lakh applicants …

DDA Flats Allotments Frozen
Thursday, 12 Mar, 2009 – 9:53 | No Comment
DDA Flats Allotments Frozen

Allegation of fraud and discrepancies in the Draw Results surfacing against the Delhi Development Authority (DDA) has led the Urban Development Ministry to freeze any physical possession of the DDA Flats to the successful allot …

DDA says Draw was Foolproof & Fair
Thursday, 12 Mar, 2009 – 9:52 | No Comment
DDA says Draw was Foolproof & Fair

DDA – Delhi Development Authority finally clears the air by claiming that the DDA Draw 2008 was completely foolproof and fair. Following the instructions of the Urban Development Ministry India, DDA would also begin a …

DDA Flat Scam Investigations lead to Jhunjhunu Rajasthan
Thursday, 12 Mar, 2009 – 9:51 | No Comment
DDA Flat Scam Investigations lead to Jhunjhunu Rajasthan

EOW (Economic Offenses Wing) of Delhi Police has begun detailed probe into the alleged DDA Flat Scam. Traces of evidences have pointed towards discrepancies in the documents of SC/ ST Category allottees belonging to Jhunjhunu …

Do not expect property rates to fall further: Hiranandani
Thursday, 12 Mar, 2009 – 9:47 | No Comment
Do not expect property rates to fall further: Hiranandani

Real estate magnate Niranajan Hiranandani does not expect property prices, which have corrected by about 25 per cent over the past year, to decline any further.
“(Property) rates have fallen by about 10-25 per cent over …

Parsvnath to build Rs 14-27 lakh housing project in Lucknow
Thursday, 12 Mar, 2009 – 9:46 | No Comment
Parsvnath to build Rs 14-27 lakh housing project in Lucknow

Realty firm Parsvnath Developers on Thursday announced that it would build a residential project in Lucknow at an affordable price ranging from Rs 13.95 lakh to Rs 27.5 lakh.
The company is expecting sales realisation of …

Realty stocks surge on RBI rate cut
Thursday, 12 Mar, 2009 – 9:45 | No Comment
Realty stocks surge on RBI rate cut

Realty stocks on Thursday welcomed the rate cuts by the Reserve Bank and surged by over two per cent on the Bombay Stock Exchange in early morning trade as the move is likely to ease …

Emami Realty to look for funds for projects from banks, PEs
Thursday, 12 Mar, 2009 – 9:44 | No Comment
Emami Realty to look for funds for projects from banks, PEs

A wholly-owned subsidiary of Emami Ltd Emami Realty has put on hold all projects and would look for financing primarily from banks and private equities once the market situation improves, a company official said.
Given the …

UAE realty market to recover in 2011
Thursday, 12 Mar, 2009 – 9:43 | No Comment
UAE realty market to recover in 2011

While 2009 is a year of real estate correction in the UAE, market stability is expected to come in 2010 before rentals and property prices start recovering in 2011, a Jones Lang LaSalle (JLL) report …