http://news.delhi-properties.com Property Dealer in Delhi Tue, 06 Jan 2009 15:20:12 +0000 http://backend.userland.com/rss092 For the past few years, the desire among millions of middle-class Indians to own a home remained just a pipe-dream as soaring prices and builders keenness to focus on exclusive gated communities shut them out of the market. But that could be about to change. More middle-class Indians can hope ... http://news.delhi-properties.com/1387/buying-a-home-much-more-affordable The Claridges Hotels and Resorts is set to soft launch The Claridges, Surajkund, Delhi, NCR.- a luxury five-star property in the National Capital Region of Delhi, in March 2009. Scheduled to open in two phases the hotel offers 204 rooms and suites and 40 serviced residences. In the first phase ... http://news.delhi-properties.com/1386/the-claridges-surajkund-delhi-to-unveil-in-march-2009 Just two weeks ago, 5000 new DDA flats were allotted to the chosen applicants by a computerised lottery. There were more than a 100 applicants for each flat. But now the concern is - Has Delhi been scammed out of affordable housing? Now, the Delhi Police is investigating whether property dealers faked ... http://news.delhi-properties.com/1385/cops-smell-scam-in-dda-house-allotment The Delhi Development Authority is allotting 5,000 flats through a computer lottery on Tuesday. And Delhi is waiting with baited breath. The process, which began at 12 noon, saw hundreds of applicants protesting and shouting slogans outside the DDA's office at Vikas Sadan. The applicants say they were told that the draw ... http://news.delhi-properties.com/1384/dda-applicants-allege-lack-of-transparency On a high since 2005, the Indian property market discovered in 2008 what a descent is like, with demand, particularly for housing, falling by up to 50% that triggered 15-20% decline in prices. High interest rates regime and economic slowdown, coupled with the ripple effect of the US subprime crisis cooled ... http://news.delhi-properties.com/1383/another-brick-in-the-wall-a-difficult-bet-for-realty Reports suggest the GMR Group-owned Delhi International Airport Limited (DIAL) is badly strapped for cash as it isnt finding too many takers for the 250 acres of land it can develop commercially as part of the Delhi airport modernisation project. While this is a serious problem for DIAL and its ... http://news.delhi-properties.com/1382/sunil-jain-mr-20-per-cent Praveen K Singh and Ritu Sharma: Delhi For residential use, one can get a 3-BHK flat at Alaknanda at this price. But, the amount is not sufficient for other areas in south Delhi for 3-BHK. The other places like East of Kailash, Kailash Colony, Green Park, Hauz Kash and Shivalik ... http://news.delhi-properties.com/1381/3-bhk-in-alaknanda Mumbai-based Khyber Group has added a new brand into its portfolio. The company, which owned a discotheque in the Northern suburbs of Mumbai has recently converted the property into a banqueting space with an aim to scale up its banqueting business. The company has rebranded the property as Serai and ... http://news.delhi-properties.com/1380/khyber-group-aims-to-create-banqueting-destination While interest rates and property prices are down quite a bit, things could be better in another six months. In the last six months, things have changed for the better for the home buyer. Most of the cities are witnessing a sharp drop in prices, almost back to where they stood ... http://news.delhi-properties.com/1379/closer-to-real-prices It was a lottery that had Delhi holding its breath, as there were 5000 DDA flats in prime locations at 50 per cent less than the market rate. However, just 48 hours after that lottery ended, many of those who won houses are ready to sell to brokers. Effectively, that means a ... http://news.delhi-properties.com/1378/dda-flat-owners-out-to-make-profit The Centre is repeatedly asking Pakistan to extradite don Dawood Ibrahim. But it is doing precious little to dispose of his 24 properties in Mumbai seized by it. Take the case of Mehzabeen Manzil, the multi-storeyed building at Pakmodia Street, Bhendi Bazar, where Dawood lived with his parents till the ... http://news.delhi-properties.com/1377/centre-yet-to-sell-off-dawoods-properties The Delhi Development Authority has prepared itself to allot 5010 flats through a computerized lottery system on Tuesday. A total of 5.67 lakh applicants have applied for the flats in areas like Vasant Kunj, Rohini, Dilshad Garden, Paschim Vihar, Motia Khan, Dwarka and Pitampura. The flats being allotted includes 352 ... http://news.delhi-properties.com/1376/dda-housing-flat-results-to-come-today If you fail to find your name in Tuesdays draw for allotment of 5,010 flats under the mega DDA scheme, dont lose heart. The housing agency is readying an even bigger project which will put a whopping 14,000 flats on offer across the city. Having finally woken up to the ... http://news.delhi-properties.com/1375/another-mega-dda-scheme-to-offer-14000-flats The fate of 5.67 lakh applicants, all hoping to win the opportunity to own a DDA flat, will be decided on Tuesday. The draw of lots for the 5,010 flats up for grabs will be held at noon. In an attempt at transparency, the computerised random draw of lots will ... http://news.delhi-properties.com/1374/ddas-dream-home-draw-results-to-be-out-today Buyers who bought apartments in Gurgaon and Greater Noida from DLF Ltd and Unitech Ltd are complaining that the builders have increased maintenance charges, sought advance payment of such charges, and increased the so-called super built-up area of their flat resulting in an escalation of costs. At least three projects around ... http://news.delhi-properties.com/1373/dlf-unitech-ask-flat-buyers-to-pay-more They say, desperate times call for desperate measures. Youve probably heard of realtors in Dubai, Spain, UK and US offering freebies like cars, mortgage perks, holidays and even cash backs to tide over the worsening realty slump. Developers in Mumbai and Delhi have also taken to luring property buyers by ... http://news.delhi-properties.com/1372/now-drive-into-your-dream-home-on-free-car A-class amenities, top-end luxury definitions, enticing locales, they have it all, but the million dollar question is — do the luxurious residential projects also flaunt a recession proof jacket, or are they also encountering the wait-and-watch attitude of prospective customers. Recession woes At a time when the real estate sector ... http://news.delhi-properties.com/1371/luxury-crunch Avanta, one of the leading providers of serviced office space in the UK, has entered India. The firms Indian subsidiary, Avanta India, launched its facilities in Delhi and Mumbai. Looking at the current global slowdown as well as the recent events in Mumbai, the serviced office option provides sceptical corporates ... http://news.delhi-properties.com/1370/uks-avanta-unveils-serviced-offices The US will provide $250,000 dollars to India for training in protection of intellectual property rights and building IPR criminal enforcement capacity with a focus on the Delhi and Bangalore High Courts. With a view to enhancing efforts to combat transnational crime, promote the rule of law and the protection ... http://news.delhi-properties.com/1369/us-to-provide-250000-for-ipr-protection-training Indias real estate sector, which is undergoing a correction, is poised to witness further decline as the global economic crisis hits confidence of homebuyers, brokers and developers said. Prices across metropolitan cities have already dropped 15 to 20 per cent. We could see further price correction in most big cities, ... http://news.delhi-properties.com/1368/property-prices-drop-10-per-cent-in-kerala After launching mid-income houses, real estate companies are now targeting low-priced homes in the sub-Rs 10 lakh category to improve cash flows and beat the slump in the property market that has been driven by high borrowing rates. Unitech, the Delhi-based property major, has applied to the Haryana government to develop ... http://news.delhi-properties.com/1367/realtors-look-at-affordable-flats-for-cash-flows US bank Wachovia could pick up a significant equity stake in Hiranandani Realtors, part of Mumbai-based property developer Hiranandani Group. In the past one year, Wachovia has invested Rs 304 crore into the Indian firm through financial instruments that will be converted into equity. A source involved in the transaction ... http://news.delhi-properties.com/1366/wachovia-to-pick-up-stake-in-hiranandanis-realty-arm High cost of borrowing has resulted in nearly 35 per cent fall in demand for purchase of properties in most of Tier II and Tier III cities during the first half of the current fiscal year, according to an assessment by The Associated Chambers of Commerce and Industry of India ... http://news.delhi-properties.com/1365/fall-in-demand-for-purchasing-property-assocham Realty firms are using profits from their residential projects to keep commercial property projects going, which are otherwise stuck due to lack of funds. As residential projects ensure steady cash flow, developers are giving varied incentives to consumers to keep housing projects order books full. Although commercial projects give twice ... http://news.delhi-properties.com/1364/residential-projects-profits-buoy-commercial-ventures A mEga panchayat of 360 villages spanning five districts in Haryana, protesting against a recent order passed by the Haryana State Industrial and Infrastructure Development Corporation Limited (HSIIDC), was held in Khoo, a village near Manesar, on Sunday. Khoo Sarpanch Rohtas Singh said the HSIIDC has sent a notice to ... http://news.delhi-properties.com/1363/haryana-villages-hold-mega-panchayat-refuse-to-give-more-land-to-govt Its been a bad year for property tycoon Kushal Pal Singh with shares in his firm DLF, Indias largest developer, diving 80 percent since January amid global economic turmoil. Singh, who owns 88 percent of DLF, has lost 39 billion dollars in the share rout, leaving him with 7.8 billion dollars, ... http://news.delhi-properties.com/1362/property-malaise-grips-india It seems that the realty froth is finally settling down. After holding property prices for a long time, developers across the country agreed Friday to cut prices by up to another 15 percent. Property prices across the country have seen a correction by 20 to 40 percent, Rohtash Goel, chairman ... http://news.delhi-properties.com/1361/developers-to-slash-property-prices-by-up-to-15-percent It seems that the realty froth is finally settling down. After holding property prices for a long time, developers across the country agreed on Friday to cut prices by up to another 15 per cent. Property prices across the country have seen a correction by 20 to 40 per cent, ... http://news.delhi-properties.com/1360/developers-to-slash-property-prices-by-up-to-15-per-cent The Delhi High Court restrained Noida based Polar industries Ltd from selling or transferring its factory premises till January 14, the next date of hearing, as a recovery suit was pending against them. Justice Reva Khetrapal issued notices to Polar Industries Ltd to appear before the Court on January 14 and ... http://news.delhi-properties.com/1359/delhi-hc-restrains-polar-industries-to-sell-its-property Indian property developer Unitech Ltd. is set to sell properties to meet loan repayments and land payments over the next few months, the companys head of corporate planning and strategy said in a telephone interview Wednesday. We are trying to sell some of our nonresidential properties in the coming months to ... http://news.delhi-properties.com/1358/unitech-to-sell-properties-to-meet-payments Unitech, the countrys second-largest listed real estate company, has put on the block all its six hotel projects under construction to reduce its capital expenditure and raise cash to fund its other ongoing projects. The company is in talks with a few private equity investors to sell all its six ... http://news.delhi-properties.com/1357/unitech-sounds-out-pes-to-sell-hotel-properties Indias SEZ story, which generated protracted controversies last year, seems to have lost its sheen fo r now, thanks to the global economic turmoil. As funds become scarce and demand for IT and industrial space diminishes, developers are looking to roll back their SEZ plans by seeking denotification or buyers ... http://news.delhi-properties.com/1356/crisis-forces-sez-developers-to-review-plans Land prices at prime locations of Bathinda district are sky-rocketing. Recently, the Bathinda Development Authority (BDA) auctioned a 4.5-acre commercial site in Bathinda for a whopping Rs 184 crore, which was bagged by Delhi-based Best City Developers Pvt Ltd. The per square yard price works out to Rs 84,400 per ... http://news.delhi-properties.com/1355/developers-make-a-beeline-for-bathinda Nepals Maoist prime minister has pledged that former rebels will return land and property they seized during the countrys bitter civil war, officials said. Nepals Maoists signed up for peace in 2006 and now control the government after winning elections earlier this year that led to the abolition of the countrys ... http://news.delhi-properties.com/1354/nepals-maoist-govt-to-return-land-property To begin with they had the land. Then there was a property boom which made them prosperous as land became the new gold. The money made it possible to aspire to social mobility that came with flashy cars and it was only a matter of time before political ambition took ... http://news.delhi-properties.com/1353/jats-and-gujjars-get-ticket-to-power Housing sector is facing a queer situation of pulls from two sides, as the realty players are still holding on to the high prices but potential buyers are deferring purchases on hopes of a price correction, rating agency ICRA has said. Currently, while property developers are still holding on to ... http://news.delhi-properties.com/1352/realtors-buyers-opposite-views-hit-housing-market-icra Property developers in Gujarat are devising ways to tap the lucrative `Non Residential Gujarati market to get them to invest in the State. One such effort was made at the recently concluded World Gujarati Conference organised in New Jersey by the Gujarat Institute of Housing and Estate Developers (GIHED), in ... http://news.delhi-properties.com/1351/gujarat-builders-woo-non-residents Though the suburbs will offer more space, Delhi offers modest houses at this budget. In north Delhi you can get a 3-BHK apartments measuring 900 to 1,400 sq ft. In Sector 11 of Rohini, you can get a 1,300 sq ft apartment. However, in private societies of Sector 9, you ... http://news.delhi-properties.com/1350/3-bhk-in-gurgaon-small-floors-in-lajpat-nagar The government is clamping down on foreigners illegally buying property in the country, including the coastal state of Goa, where residents complain land mafia are helping Westerners overrun their culturally distinct state. An abundance of sun and sea and the attraction of low cost living encourage thousands of Westerners to stay ... http://news.delhi-properties.com/1349/govt-moves-to-stop-illegal-land-sale-in-goa The property and bank balance of Chhattisgarhs former Chief Minister Ajit Jogi has gone up to about Rs 1.19 crore crore in 2008 as against Rs 3,11,892 and paternal property before the last assembly election in 2003, as per his own affidavit filed for coming polls in the state. Properties, ... http://news.delhi-properties.com/1348/ajit-jogi-property-goes-up-to-rs-119-cr-in-5-years Real estate developer Saviour Builders plans to invest up to Rs200 crore to construct a luxury housing complex in Ghaziabad spread over an area of six acres. We will invest about Rs200 crore in developing this luxury housing complex in NCR and this will be built keeping in mind the global ... http://news.delhi-properties.com/1347/saviour-builders-to-invest-rs200-cr-in-luxury-housing-project London-based real estate developer Castlewood Investment Properties, which is set to enter the Indian market this month, Saturday said it was upbeat about India although the global property market was hit by a slump. Castlewood, in partnership with the Singapore-based Home Place International and its Indian associate Land Solutions, is all ... http://news.delhi-properties.com/1346/european-realtor-upbeat-about-indian-property-market It could be the best of times for those wanting to buy a home in Indian cities as developers have started slashing prices to shore up sagging sales. Considered as the barometer of economic growth, the real estate sector has grown 30 to 35% during the past five years, reflecting the ... http://news.delhi-properties.com/1345/they-are-building-but-whos-buying Finding a home away from home is difficult but with the hotel business foraying into innovative territories to keep afloat, the Indian capital has just got its first all-suite hotel. Svelte-Saket is for long-haul travellers who look for temporary homes with the advantage of professional hospitality. Delhi-based Tristar Hotels Pvt Limited formally ... http://news.delhi-properties.com/1344/delhis-first-apartment-hotel-in-a-mall Leading hotel chain Pride Group of Hotels will invest Rs.7.5 billion to expand its operations in India, a top official has said. The group has already added 60 rooms to its existing 110-room five-star property here, making it one of the largest luxury hotels in Gujarat. We are also planning ... http://news.delhi-properties.com/1343/pride-hotels-plans-rs75-bn-expansion TheMoveChannel.com, the leading international property portal, announces a number of new development projects launched in Mumbai: Mumbai apartments (£22,846 to £48,167 1, 2 and 3 bed apartments, 2009 completion) Apartment development in Mumbai (£32,960, high rental returns, July 2009 completion) Properties in India are unlikely to be an investment opportunity ... http://news.delhi-properties.com/1342/new-property-investment-opportunity-in-mumbai-india The Municipal Corporation of Delhi today said it was planning to de-seal more than 4,000 commercial properties on notified roads in the national capital soon. The issue of de-sealing these shops, which got relief under an August 12 Urban Development Ministry notification bringing 37 amendments to the Master Plan for ... http://news.delhi-properties.com/1341/mcd-plans-to-de-seal-4000-properties-before-diwali Everywhere you look there are offers. Posters declare - discount bonanza - and the deeper you delve the better the bargain. Offers include free covered parking spaces, exemptions from preferential location charges, discounts on the rate per square feet of the property, paid interest and holidays. Some developers are also ... http://news.delhi-properties.com/1340/diwali-brings-discounts They are calling it Diwali madness but it is a sign of the times - property developers in India are offering massive discounts as the markets suffer from the global finance crisis. Everywhere you look there are offers. Posters declare – discount bonanza - and the deeper you delve the better ... http://news.delhi-properties.com/1339/indian-developers-use-diwali-as-property-discount-season On Sunday, October 19, it will be exactly a month after the Jamia Nagar encounter but little Sarim's questions remain unanswered. His mother remains helplessly silent when he asks, Why are all terrorists Muslim? There is little an adult can do to explain why the eight-year-old is asked the same ... http://news.delhi-properties.com/1338/scarred-jamia-seeks-safe-house An investor who had put in Rs3 lakh in a realty project of New Delhi-based Triveni Infrastructure Development Co. Ltd is in a fix. After launching the project in 2006 and promising to complete it in 24 months, the company has not allotted the apartment to the investor who asked ... http://news.delhi-properties.com/1337/for-home-buyers-its-a-long-wait-as-builders-go-slow-on-projects As the financial crisis grips world economies, the real estate sector is giving away freebies to lure customers. Unitech is offering a free LCD TV on booking of property while one can get free Solitaire worth Rs 1.25 lakh on booking of property from Tulip. Another real estate giant, Jaypee Greens, ... http://news.delhi-properties.com/1336/real-estate-giants-lure-clients-with-free-cars-lcd-tvs Owning a house in the National Capital Region might become a reality for many living and working here. After National Building Construction Corporation announced its first residential project in Delhi by this year-end to provide affordable houses, Ghaziabad Development Authority is now gearing up to launch its Madhuban-Bapu Dham mega ... http://news.delhi-properties.com/1335/owning-a-house-in-ncr-might-become-a-reality What happens when at 27 your yet-to-be father-in-law expects you to own a house? If in love, you obviously get into search mode to find one that not only suits your needs but also matches the expectations of your would-be and her extended family. And thats when you realise love ... http://news.delhi-properties.com/1334/hunting-for-a-house-in-shimla Karnal-based Jewel Classic Hotels will come up with its second hotel property at Karnal, Haryana, by end-2009. The property, which is under construction at a prime location on National Highway 1, will be the first five-star property of the group. The hotel will come up on eight acres of ... http://news.delhi-properties.com/1333/jewel-classic-hotels-to-come-up-with-its-second-property-in-karnal WITH THE increase in nuclear families, migration of people from other cities, better incomes and standards of living, the rates of property in Delhi have seen a huge rise. The desire to build ones own home and the availability of loans on easy Equated Monthly Installments (EMIs) have led citizens ... http://news.delhi-properties.com/1332/mad-rush-for-dda-flats This festive season may be a good time to buy your dream home, for property developers are showering discounts. Most realtors are already advertising cash discounts of 5-10 per cent on upfront payment and buyers can get up to 25 per cent discount if they book properties and are willing to ... http://news.delhi-properties.com/1331/realtors-blink-cut-home-prices-up-to-25 Last week, at Mumbais Grand Hyatt Hotel, leading city-based real estate developers were closeted in an hour-long meeting. The agenda: to discuss ways to counter the slump in home sales which has persisted for almost an year now. The outcome: The bitter realisation that the Indian developer has limited options ... http://news.delhi-properties.com/1330/home-prices-may-drop-upto-12 The UK-based investment firm Duet Group is learnt to have emerged as the front-runner in the race to acquire the upcoming three hotel properties of the beleaguered Dawnay Day. The deal, which is likely to be closed in a week, may be valued at around Rs 100 crore. Duet Group’s ... http://news.delhi-properties.com/1329/duet-likely-to-gobble-up-dawnay-days-three-hotels A 12-unit apartment complex to be built at 37 Meredith St. in Delhi has been approved by the village Planning Board. Lee Marigiliano, project architect, said the site plans were submitted, and the construction documents are being worked on but have not been submitted to Tom Little, village code enforcement officer. Marigiliano, ... http://news.delhi-properties.com/1328/delhi-board-approves-apartment-complex The US financial crisis, which has seen some big Wall Street giants collapsing, is bound to have a cascading effect on the Indian realty market, especially on the commercial sector that has already slowed down considerably over the past one year. According to industry sources, there could be a softening ... http://news.delhi-properties.com/1327/credit-crisis-to-hit-commercial-realty-projects Indian realty prices may show further moderation following the credit crunch in the US, according to media reports. A crash like situation is not foreseen, though analysts expect the property market to cool further due to a lack of buying from investors. Reports said that private equity players, especially the ... http://news.delhi-properties.com/1326/indian-property-market-may-see-further-correction Lehman Brothers Holdings Inc.s bankruptcy filing may delay the sale of about $30 billion of commercial real estate assets at a time when property values are eroding, leaving less on the table for creditors. Lehman has ``$30 billion worth of real estate, which probably isnt worth $30 billion, said Jeffrey ... http://news.delhi-properties.com/1325/lehman-creditors-lose-as-real-estate-offered-in-falling-market The Shradh or the Pitri Paksh fortnight, which ends in the last week of this month, has hit the real estate industry hard since consumers have held their plans to buy houses. Coming close on the heels of the US financial crisis, which has seen some big Wall Street giants ... http://news.delhi-properties.com/1324/shradh-may-burn-rs-500-700-cr-hole-in-mkt The property markets of Asia Pacific region, which saw robust growth in last few years, are now facing a slowdown that is expected to continue for at least a year, global real estate consultant Jones Lang LaSalle said in its latest report. The Asia Pacific property markets are ... http://news.delhi-properties.com/1323/asia-pacific-property-markets-sees-slowdown-jll Delhi-based developer Omaxe Ltd is on the lookout for business partners in 140 locations across the country to build one million affordable homes in eight years. The company intends investing Rs 500 crore in the venture. The proposed units would be of 300 to 1,000 sq ft, in the price band ... http://news.delhi-properties.com/1322/maxe-hopes-to-build-1-m-affordable-homes Until last week, starting a real estate business in Gurgaon was simple. All you had to do was put up a signboard. There were no laws governing your business and no licences were needed. Small wonder then that the movie Khosal ka Ghosala, in which a fly-by-night property agent cheats ... http://news.delhi-properties.com/1321/haryana-shows-way-in-land-deals Theres good news for the people of Indian origin (PIO). The government is planning to allow them to buy property in India without mandatory RBI approval and without the hassles of producing a valid visa. The current Foreign Exchange Management Act (FEMA) guidelines are also being amended to remove a ... http://news.delhi-properties.com/1320/buying-property-to-get-easier-for-diaspora Between Tata Motors Singur face-off and your 250 sq m plot in Delhi thats been under siege from builders for the past three years, theres a single binding force: transfer of property. It is the process of transfer that differentiates the first from the last -- you have a choice. ... http://news.delhi-properties.com/1319/hindustan-times-new-delhi-gautam-chikermane-column-land-ahoy The Andhra Pradesh Cabinet has approved the proposal for development of Rs 1000 crore AP International Centre at its 19.84 acres property in New Delhi. Information minister A Ramanarayana Reddy said that the project is being developed under PPP mode on BOT basis by licensing the land for a period ... http://news.delhi-properties.com/1318/ap-cabinet-clears-rs-1k-cr-international-centre-in-delhi Tilakram Sharma, a retired air force officer and a real estate broker from the Noida suburb of the Capital, is busy these days interviewing at construction companies. Sharma, a mechanical engineer by training, is looking for a job in construction companies that do fabrication work his real estate brokerage business has ... http://news.delhi-properties.com/1317/market-slowdown-forces-real-estate-brokers-to-look-elsewhere The real estate sector may not be in its ‘golden phase’ right now, but the buzz surrounding the market still remains. Industry bodies such as Ficci and Assocham say that a 10-15% fall in property prices has been witnessed over the last six months, with further corrections in the offing. ... http://news.delhi-properties.com/1316/positive-buzz-continues-amid-realty-slowdown UK-based real estate developer Dandara is looking at Indian corporates and business community to invest in properties being developed by the firm in London, Manchester and Glasgow. The attractive scheme offered by Dandara ensures that an Indian buys a new flat at Rs 20 lakh only and the remaining cost of ... http://news.delhi-properties.com/1315/uk-real-estate-firm-attracts-indian-investors Realty firm Parsvnath Developers Ltd on Tuesday said it would invest about Rs 15 crore to build a luxury housing project at Moradabad in Uttar Pradesh. Parsvnath is investing approximately Rs 15 crore in the property for which construction has already started and is scheduled to be completed by 2010 ... http://news.delhi-properties.com/1314/parsvnath-to-invest-rs-15-cr-on-a-housing-project-at-moradabad An autorickshaw impounded in 1996, its roof gone, sits atop a Maruti 800 car seized in 1998. Those and two police pickets are the only indication that this 8,300 square feet land in Sarai Rohilla is under police possession, and is being used as a malkhana. But armed with a ... http://news.delhi-properties.com/1313/now-a-dispute-over-pre-independence-land-under-delhi-police Real estate firm CHD Developers plans to invest about Rs2,500 crore in developing various properties, including residential townships for senior citizens, across north India over the next five years. We have identified a number of projects in many northern states, which will be developed in the next five years. For these ... http://news.delhi-properties.com/1312/chd-developers-to-pump-in-rs2500cr-in-property-market Residential sector in India has witnessed a slowdown following a spurt in property prices and spiralling interest rates on home loans by about five per cent in last four years, an Assocham study said. With the repricing of interest rates in the last four years from ... http://news.delhi-properties.com/1311/high-interest-rates-pulling-down-property-prices-assocham DLF Ltd, the countrys largest listed property developer, has sought shareholders approval for raising up to Rs10,000 ($2.3 billion) by selling shares to institutional investors. DLF has called a shareholders meeting on 30 September for the purpose and expects to complete the share sale within 12 months of the approval, ... http://news.delhi-properties.com/1310/dlf-seeks-shareholders-nod-to-raise-rs10000-crore-in-equity DLF Ltd (DLF.BO: Quote, Profile, Research, Stock Buzz), Indias largest-listed property developer, has sought shareholders approval to raise up to 100 billion rupees ($2.3 billion) by selling shares to institutional investors. The New Delhi-based company said in its annual report for a shareholders meeting on Sept. 30 it expected to complete ... http://news.delhi-properties.com/1309/indias-dlf-seeks-nod-to-raise-23-bln-in-shares At least three large realty firms have placed bids to build and operate stretches of national highways that have come up for auction this year as part of expanding their portfolio to offset a slump in their core business. Unitech Ltd, DLF Ltd and Omaxe Ltd are among several infrastructure ... http://news.delhi-properties.com/1308/property-firms-pursue-road-projects-to-beat-real-estate-blues Chief Minister Parkash Singh Badal left for Delhi on Thursday evening, armed with figures of losses of life and property besides crop loss, in order to seek adequate compensation package for the flood-affected. So far, 22 lives have been lost in the recent floods which have affected Jalandhar, Moga, Ferozepur, ... http://news.delhi-properties.com/1307/flood-loss-over-rs-500-crore Marriott International, in a management agreement with Uppal Hospitality, plans to launch a 206 room JW Marriott hotel in Gurgaon. The hotel, which is located on the Delhi-Jaipur highway, is expected to open in mid 2009. The hotel will offer a spa and fitness centre with gym, an outdoor swimming pool, ... http://news.delhi-properties.com/1306/marriott-to-launch-7th-property-in-india Lemon Tree, the upscale mid-market hotel, has invested about Rs 500 crore in the domestic market and around Rs 200 crore in New York in the last two months. While most of the domestic expansions are through greenfield projects, the chain has also acquired existing hotel properties to step up ... http://news.delhi-properties.com/1305/lemon-tree-eyeing-global-suite At Rs 2 lakh per night, not counting taxes, the Darbar Mahal suite in Jaipur is not the most expensive — yet. Next month, when the Maharajas Pavilion, four floors of it, becomes operational, at Rs 6.5 lakh it will be the most expensive set of rooms in India. And when ... http://news.delhi-properties.com/1304/would-you-pay-rs-35-lakh-for-a-hotel-suite Joining the likes of DLF and Unitech, Bangalore-based realty developer Puravankara Projects today announced its foray into the affordable housing segment in an effort to beat the property sector slump. Puravankara, which has a land bank of 125 million sq ft, said fully-owned subsidiary Provident Housing and Infrastructure will launch the ... http://news.delhi-properties.com/1303/puravankara-plans-rs-8k-cr-foray-into-affordable-housing The dream house you have been wanting to buy for a long time is just getting beyond your means, as interest rates are firming up and prices arent cooling off yet. This has caused many home buyers to now settle for rented flats instead. After all rentals are comparatively low in ... http://news.delhi-properties.com/1302/house-prices-is-it-better-to-rent-than-to-buy Acacia Real Estate Limited said it has acquired a 26 per cent stake in a retail development mall in Delhi through a joint venture with Anant Raj Group, a publicly-listed company with a market capitalization of $1.2 billion. A specialised real estate investment company with focus on income generating and ... http://news.delhi-properties.com/1301/acacia-real-estate-enters-india-retail-jv Companies which have deferred expansion plans in the National Capital Region due to high property prices can now think of going ahead as rentals for office space in IT and SEZ segments have declined by up to 13 per cent during the second quarter of 2008. The rentals of ... http://news.delhi-properties.com/1300/cos-may-go-ahead-with-expansion-plan-in-ncr-as-rentals-fall Very few residential projects in Delhi-NCR have garnered the hype that surrounds the Commonwealth Games Village. It covers about 27 acres, and offers slightly over 1,150 apartments for sale (including those that will go to DDA). Of course, it is not the biggest residential development and no matter what to ... http://news.delhi-properties.com/1299/delhis-second-sports-village Tata Housing Development Company Ltd., a fully-owned subsidiary of Tata Sons, on Thursday announced its foray into the North Indian realty market with the launch of a residential property in neighbouring Gurgaon. Raisina Residency will be jointly developed by Tata Housing and Raheja Builders. Aedas, one of the top five ... http://news.delhi-properties.com/1298/tata-housing-to-develop-200-lakh-sq-ft Westins second property in the NCR region will be soft launched in September 2009, near IIFCO Chowk, Gurgaon. The business property will cater (90 per cent) to corporate travellers. Speaking with Hospitality Biz, San Amalan, General Manager, Westin New Delhi, Gurgaon, said, According to plans, the property should be ready ... http://news.delhi-properties.com/1297/westin-new-delhi-gurgaon-to-soft-launch-in-september-2009 Real estate agents have descended on the Commonwealth Games village on the Yamuna riverbed to guide buyers to what is likely to become the most sought after residential apartments in the NCR. These apartments command an average Rs 14,000 per sq ft for two bedroom flats and Rs 13,412 per ... http://news.delhi-properties.com/1296/cwealth-games-village-apartments-have-premium-price-tags The savvy Indian investor is no longer content with restricting his investment horizon to the equity or property markets at home. A growing number of Indians are now buying property abroad and also taking an exposure to stocks of foreign firms and debt products. Hard numbers are a testimony to ... http://news.delhi-properties.com/1295/indians-go-for-property-stocks-abroad A grey stone wall with iron spikes demarcates around 100 bighas of land from the rest of Badalpur village. On the other side of the wall and the closed black gates, windows of a palatial two-storeyed house – painted pink – glitter in the sun. Another rounded mega structure is coming up ... http://news.delhi-properties.com/1294/mayawatis-garden-plan-leads-villagers-to-protest-path Unitech, the countrys second-largest property developer, recently offered two- and three-bedroom apartments of 1,200 sq ft and 1,500 sq ft respectively at its Uniworld City project at Noida. The company used to usually offer two-bedroom flats of 1,450 sq ft and three-bedroom ones of 1,900 sq ft. With interest rates ... http://news.delhi-properties.com/1293/falling-sales-push-property-firms-to-ease-buyers-emi-pains Mayawati has announced reduction of stamp duty on properties, thus following the other Congress-led states after she withdrew her support from the Congress–led UPA coalition government at New Delhi. Mayawati led government has made a significant reduction on stamp fees of property registration with immediate effect in UP. Before this, other ... http://news.delhi-properties.com/1292/stamp-duty-on-delhi-ncr-properties-reduced Delaware County has not acted on the Delhi Town Board's request to reconsider its refusal to sell property for a Fox Care clinic. One week after the request, no date has been set for a special Delaware County Board of Supervisors meeting, though county Board Chairman James Eisel said a committee ... http://news.delhi-properties.com/1291/board-yet-to-take-action-on-fox-request A 24-year-old resident of Ashram in south Delhi who had gone to enroll herself at a driving school in Bhogal was allegedly gangraped by two persons on Sunday evening. One of them, the owner of the school, Surender Agarwal (40), has been arrested while his accomplice and employee, Ajay Kumar, ... http://news.delhi-properties.com/1290/24-yr-old-gangraped-in-s-delhi-flat Sitting in his plush three bedroom apartment in Pune, Ravi Prasad is looking a trifle worried. A bit of prodding and he speaks of the rising interest rates on his home loan as the cause for it. I bought the apartment in early 2007 and opted for a floating rate ... http://news.delhi-properties.com/1289/inflation-soaring-interest-rates-add-to-common-mans-woes Ansal API is all set to develop an integrated township spread over 2,500 acres in Dadri district near Greater Noida in the NCR. The total cost of the project will touch Rs.13,000 crore. This huge project, Megapolis, will offer housing to more than 5 lakh people. Sushil Ansal, chairman of Ansal ... http://news.delhi-properties.com/1288/ansal-api-launches-megapolis-in-greater-noida Leading realty player Parsvnath Developers said it sees no reason to offer lower prices for property on the back of an inflationary phase, which can further surge the costs of housing and commercial establishments. Debunking the perception that real estate sector is in a slump, ... http://news.delhi-properties.com/1287/no-respite-from-spiralling-property-prices Fortune Park Hotels, an ITC-Welcomgroup brand, is scouting for properties abroad to set up fully owned hotels. We do want to spread our wings far and wide. We may look at signing properties in Sri Lanka, Nepal and even Dubai. We, however, have not set any deadline to fulfil this ... http://news.delhi-properties.com/1286/itc-hotel-arm-eyes-overseas-properties Delhiites whose properties were razed by MCD during last years High Court-ordered demolition drive, has a fresh shock coming their way. MCD plans to slap them with massive property tax bills including the costs incurred by the civic body in bringing down the illegal structures. Our demolition squads spent hours breaking down ... http://news.delhi-properties.com/1285/demolition-bills-await-owners-of-razed-delhi-buildings A stagnant property market, tightening of lending by banks and failure to raise money through public equities are forcing real estate developers to look for alternative options to raise money. Indias benchmark Realty Index lost more than half its value this year. With the heat being turned on, realtors of ... http://news.delhi-properties.com/1284/small-realtors-face-cash-crunch Department of Telecom is learnt to have sought recommendations from ministries of Law, Finance and the Planning Commission on its proposal to auction the prime land of VSNL, that was taken over by the Tatas except for the land, in which the government holds 26 per cent stake. Sources said ... http://news.delhi-properties.com/1283/dot-seeks-views-on-vsnl-land-auction Slowdown in housing has now spread to office rentals. Gurgaon and some business districts in Delhi have seen a decline of up to 25% in office rentals in the June quarter. Meanwhile, office space demand saw marked moderation in Mumbai and Bangalore as office occupiers deferred their expansion and downsized ... http://news.delhi-properties.com/1282/office-rentals-in-ncr-fall-up-to-25-in-april-june JP Morgan Chase has invested Rs 250 crore in BPTP Ltd, a Delhi-based real estate company which came into spotlight earlier this year when it clinched 95-acre of prime commercial land at Noida for Rs 5,006 crore. Last year, Citigroup realty arm, Citigroup Property Investors, had picked up 5.8 per cent ... http://news.delhi-properties.com/1281/jp-morgan-invests-rs-250-cr-in-bptp Delhi Chief Minister Sheila Dikshit laid the foundation stone of new Haj Manzil at Dwarka here on Tuesday. This new Haj House will be very near to the international airport, proposed metro station and Dwarka Inter state Bus terminus. The project is expected to be completed in 18 months. The ... http://news.delhi-properties.com/1280/delhi-to-have-a-new-haj-house-at-dwarka With the home loan rates hitting the roof and no respite in site, it seems to be a good idea to walk away from property mortgages as early as possible. After all, the northward movement in home loan rates during the last 3-4 years has already sent the monthly budgets ... http://news.delhi-properties.com/1279/is-it-time-to-walk-away-from-property-mortgages All of us have always admired Microsoft , IBM, Ranbaxy , Novartis, Coca-Cola , Gillette and other business giants for their success and growth rate. Are you aware about what all these giants have in common? It is the IP portfolio, which is the active ingredient in their success tonic. ... http://news.delhi-properties.com/1278/mity-students-hob-nob-with-intellectual-property-attorneys-at-seminar SHPSF | Quote | Chart | News | PowerRating -- The retail boom is here to stay. Inflation may be worrying organised retailers in the form of falling footfalls but softening real estate prices will help them to continue with their planned expansions. In certain markets, the decline in rentals ... http://news.delhi-properties.com/1277/falling-property-rentals-keep-retail-boom-going Cedric Cañas has been living the life of a handsomely paid expatriate for most of the past 12 years. The 33-year-old Spanish banker has spent time in both Boston and London, but it is New York City that he knows best, having first come to Manhattan in 1997. Cañas sold ... http://news.delhi-properties.com/1276/crash-what-crash-in-the-worlds-top-cities-real-estate-has-never-been-hotter Grappling with a slowdown across segments, the Indian property market is heading towards the next phase of consolidation. Liquidity crunch in the real estate market is beginning to drive many mid-sized and small developers to scrounge for cover. Many want to liquidate their land and incomplete projects by selling them ... http://news.delhi-properties.com/1275/realty-dreams-of-small-mid-sized-cos-crumble EmaarMGF, a joint venture between the United Arab Emirates (UAE)-based real estate giant Emaar Properties and Indias MGF Developments, will showcase its Indian projects at a three-day event called Indiascapes starting Monday. The showcase in Dubai will give Indian expatriates in the UAE an opportunity to buy the joint ventures properties ... http://news.delhi-properties.com/1274/emaar-mgf-jv-to-promote-indian-property-in-dubai After foraying into Dubai, real estate player Omaxe is all set to enter the Mauritian property market with a plan to develop a 50-acre residential project. The Delhi-based company has identified a project of 50 acres and planning to develop a residential township there, sources said. The land for the ... http://news.delhi-properties.com/1273/omaxe-to-foray-into-mauritius-property-market Indias five-year property boom is coming to an end as the supply of housing increases, borrowing costs rise and a stock market rout erodes buying power, according to executives at two mortgage lenders. Prices across India may drop as much as 15% in the coming months, said Keki Mistry, vice ... http://news.delhi-properties.com/1272/realty-boom-fizzling-out-on-borrowing-cost If you go to the Cafe Coffee Day (CCD) on the plush 12th main road of Indiranagar, your cappuccino will cost you Rs 50 (inclusive of taxes). But, just a couple of kilometres away in a residential area Jeevan Bima Nagar, the same cup will cost you Rs 44 (again, ... http://news.delhi-properties.com/1271/food-chains-resort-to-differential-pricing Shabana Patni has been living in a premium condominium in Gurgaon, in the National Capital Region. As a senior manager in a leading IT-enabled services firm, the last thing she ever wanted to worry about was where to stay. She had found a secure, well-located condominium and had been staying ... http://news.delhi-properties.com/1270/property-pangs-indian-rental-market-zooms Delhi Township is getting tough on nuisance properties. The board of trustees held a special meeting Wednesday to review a list of properties that could be declared a nuisance. The Zoning Department has identified potential violators for issues including high grass, excessive vegetation and accumulated debris. Township leaders said the effort is meant ... http://news.delhi-properties.com/1269/delhi-twp-officials-meet-about-nuisance-properties The head of Pantaloon, Indias leading retailer, has warned that high property prices in big Indian cities are threatening the countrys burgeoning retail industry and adding to the pressures brought on by soaring construction and labour costs. Kishore Biyani, chief executive of Pantaloon, told the Financial Times: At current property prices, ... http://news.delhi-properties.com/1268/property-prices-threaten-indian-retailers From her deck in Florence, she overlooks several feet of grass and weeds - a serious eyesore in the cul-de-sac of her Carters Mill subdivision where neighbors have a tradition of putting down mulch and working together in their yards each summer. A few weeks ago, the front yard of that ... http://news.delhi-properties.com/1267/abandoned-homes-distressing Let the slowdown in the property market not lead you to making uninformed decisions. At a time when sentiments in real estate are not exactly upbeat, it becomes all the more necessary to keep your checklist handy while buying or selling off a property. In fact, you can guard against ... http://news.delhi-properties.com/1266/look-before-you-leap For those who felt owning a house in Delhi was a distant dream, there is now a glimmer of hope. After a gap of nearly two years, Delhi Development Authority is set to offer 6,000 flats for middle and low-income groups in areas like Dwarka, Vasant Kunj, Rohini, Narela and ... http://news.delhi-properties.com/1265/dda-to-offer-6000-flats-in-2-months BPTP Ltd, which clinched Indias biggest land deal for $1.2 billion in March, is looking for investors for a city it plans to build near New Delhi. Some Indian developers have scoffed at what they believe was an exorbitant price for the 95-acre plot in Noida, a suburb of the Indian ... http://news.delhi-properties.com/1264/bptp-woos-investors-after-huge-land-deal Risks associated with property transactions in India could reduce with at least three insurers submitting details of the property title insurance products they wish to launch to insurance regulator Insurance Regulatory Development Authority, or Irda. People familiar with the submissions said ICICI Lombard General Insurance Co. Ltd, National Insurance Co. Ltd, ... http://news.delhi-properties.com/1263/insurance-cover-for-real-estate-deals-to-become-a-reality-soon Adrenaline may not really be flowing in the Indian property markets in the last couple of months. However, thats not stopping Indias rich and famous from going West and buying homes in some of the worlds most expensive cities for residential buyers such as London, New York City, San Francisco ... http://news.delhi-properties.com/1262/indians-buying-homes-in-worlds-expensive-cities Its all a little hush-hush now...so no names please, but an eminent Delhi-based industrialist, very high-profile, very glamorous and all that, is building a house. And though it wont quite be the billion dollar Antilla, hell be spending a cool $1.4 million (around Rs 6 crore) on just the interiors ... http://news.delhi-properties.com/1261/my-home-my-castle If you are in the habit of defaulting in paying income tax and ignoring the I-T departments notices, then this Supreme Court judgment will serve as a warning, for you may stand to lose your properties. The Income Tax department is well within its right to attach the defaulters property ... http://news.delhi-properties.com/1260/i-t-dept-can-attach-property-of-defaulters-sc Transport Corp of India Ltd (TCIL.BO: Quote, Profile, Research) is developing a property each in Delhi, Bangalore and Chennai, which have a combined current market value between 600-700 million rupees, a top official said on Wednesday. About 600-700 million rupees will be invested for a 180,000 sq. ft. housing project in ... http://news.delhi-properties.com/1259/transport-corp-to-develop-3-properties Global index provider Standard & Poors on Monday announced the launch of S&P Asia Property index for providing investors with diversified and investable exposure to the Asian property market. The index is a subset of the S&P/Citigroup Global Property Index, which consists of more than 400 stocks and would provide ... http://news.delhi-properties.com/1258/sp-launches-asia-property-index Paying property tax neednt always be a tedious task. While different states follow different models for calculating property tax, filing taxes online is an easy option started in certain cities recently. Not only does this eliminate paperwork, but also makes the process quicker and speedier. However, keeping a few things ... http://news.delhi-properties.com/1257/virtual-realty-paying-property-tax-not-a-tedious-job Slowdown may be gripping residential property sales but commercial property rentals are headed in the opposite direction. In fact, big ticket rental transactions are in vogue. Over the last one year, high rental deals have been witnessed in prime property markets of Mumbai and Delhi. In fact, global real estate ... http://news.delhi-properties.com/1256/no-downturn-in-metro-office-rental In his 1933 novel Lost Horizon, British author James Hilton wrote about a monastery located in a mystical valley high in the mountains of Tibet. Though this monastery, which Hilton named Shangri-La, is fictional, it has become synonymous with any earthly paradise that maintains its isolation from the outside world. ... http://news.delhi-properties.com/1255/in-the-pursuit-of-luxury-living The very popular RJ Nitin, a self-proclaimed foodie himself, has introduced RED FM Khaana No. 1 on his show Morning No. 1, giving his listeners a unique opportunity of being food critics on air! On RED FM Khaana No. 1 RJ Nitin will announce two different dishes from the platter. ... http://news.delhi-properties.com/1254/vote-for-dilli-ka-khaana Come winter, India becomes a favourite destination for conferences and conventions both of the international and domestic variety. While in the past, Delhi, Mumbai and to some extent Bangalore were the hotspots, now, the destinations are increasing. Hyderabad and Kochi, hitherto unheard of in the international conference and convention circuit ... http://news.delhi-properties.com/1253/conferenc-call Now, if you want to buy a house but do not have the money right now, dont worry! Falling property sales in regions like Delhi and NCR have pushed many developers to offer EMI holiday schemes to boost their sales. If you have been wanting to buy a house ... http://news.delhi-properties.com/1252/builders-woo-home-buyers-with-emi-holiday-schemes The Indian government has announced a US$ 80 million relief package for the victims of anti-Muslim riots in the western state of Gujarat in 2002. The families of the 1,169 people killed will receive 350,000 rupees (around US$ 8,300). Each of the 2,540 wounded will receive 150,000 rupees. The government ... http://news.delhi-properties.com/1251/delhi-to-pay-compensation-for-thousands-of-muslim-killed-or-wounded At Rs 40 lakh to buy a house, you wont exactly be spoilt to buy a property in Delhi-NCR, even though property prices in some area of Gurgaon and Greater5 Noida seem to he dropped a little. You will basically still be looking to the eastern suburbs of Delhi if ... http://news.delhi-properties.com/1250/2-bedrooms-in-mehrauli-3-bedrooms-at-indirapuram When Delhis biggest exhibition centre — Pragati Maidan — came up in 1982, little did one know that the compound that is spread over 149 acres offering 72,000 square metres of exhibition space and parking capacity for over 1,000 cars, will ever face a space crunch. It did take sometime ... http://news.delhi-properties.com/1249/when-carmakers-come-to-delhi-even-pragati-maidan-falls-short-of-space Parts of Asia are losing more than 28,000 square kilometers (10,800 square miles) of forest every year, a trend that must to be reversed immediately to fight climate change, a United Nations report said on Thursday. Deforestation accounts for about 20 percent of global greenhouse gases -- trees soak up carbon ... http://news.delhi-properties.com/1248/asia-must-reverse-deforestation-un Golf courses enable developers to generate revenue whilst providing residents with open space, landscaped greenery and of course entertainment. Although there are golf course projects coming up all over India some of the very best are in the National Capital Region. DLF Golf and Country Club in Gurgaon and Jaypee ... http://news.delhi-properties.com/1247/golf-course-properties-a-huge-hit-in-india Indus Hotels & Spa, promoted by a consortium of real estate developers and rice producers, will come up with four brand new hotels in Delhi by January 2010. These hotels are under various stages of construction at Dwarka, Paschim Vihar and Shahdara areas of Delhi. Speaking ... http://news.delhi-properties.com/1246/indus-hotels-spa-to-launch-four-hotels-by-jan-2010 Delhi Metro is exploring the option of having duty-free shops, a hotel, office and shopping spaces in upcoming stations. The option of duty-free shops is open at the airport express link stations but is subject to approval. The basic idea is to get maximum revenue, said Anuj Dayal, Chief PRO ... http://news.delhi-properties.com/1245/delhi-metro-stations-have-office-complexes-for-duty-free-shops The Supreme Court-ordered drive against illegal commercial units in the Capital continued on Thursday with the MCD sealing 149 properties in the city. Since resuming the sealing drive in Delhi on Monday, officials of the corporation have taken action against 1013 properties. A maximum number of 35 units were sealed in West ... http://news.delhi-properties.com/1244/over-1000-properties-sealed-in-delhi-in-four-days Delhi Metro is exploring the option of having duty-free shops, a hotel, office and shopping spaces in upcoming stations. The option of duty-free shops is open at the airport express link stations but is subject to approval. The basic idea is to get maximum revenue, said Anuj Dayal, Chief PRO ... http://news.delhi-properties.com/1243/delhi-metro-stations-to-have-office-complexes-duty-free-shops For those who feel Delhi lags behind in science and technology, here is good news. The national capital would soon get a world-class sci-tech park, with focus on IT, nano-technology and bio-technology, on its southwest fringes. Delhi Chief Minister Sheila Dikshit on Thursday announced that the park would come up in ... http://news.delhi-properties.com/1242/delhi-get-science-technology-to-park-soon Worried that property prices may cool down? With India tipped to become the most sought after real estate market among emerging economies, you may not really have to fasten your safety belts just yet. In fact, just 10 land deals in India over the past 12 months were valued at ... http://news.delhi-properties.com/1241/realty-sector-property-prices-may-not-cool-down Indian National Lok Dal (INLD) has invited the Haryana chief minister Bhupinder Singh Hooda for a public debate on all the important issues of the state. INLD Secretary General and Rajya Sabha MP, Ajay Singh Chautala challenged Hooda to have an open debate at the press club of Chandigarh or ... http://news.delhi-properties.com/1240/inld-invites-hooda-for-public-debate US-based hedge fund Indus Capital Partners is investing Rs 206 crore for equity stake in the two special economic Zones (SEZs) of Delhi-based real estate developer Uppal Group. Indus Capital is buying a 25% stake in our Noida SEZ for Rs 100 crore and 50% in Greater Noida SEZ for ... http://news.delhi-properties.com/1239/indus-to-buy-rs-206-crore-equity-in-uppal-sezs Tobacco major GTC Industries Limited (GTCIL) is mulling de-merging the company and forming a separate outfit to manage its forays into the countrys burgeoning real-estate industry. The Rs 1,300-crore company is planning to develop properties in cities like Hyderabad, Mumbai and Baroda by entering into joint ventures with local developers, ... http://news.delhi-properties.com/1238/gtc-mulls-de-merger-real-estate-foray Real estate experts in Delhi and satellite towns of Noida and Gurgaon have confirmed that property prices are sliding. So, if you want to get the best property deals, this is the time. Though on record, the brokers in Gurgaon object to any suggestion that property is becoming cheaper. Prices of plots ... http://news.delhi-properties.com/1237/property-prices-falls-in-delhi-and-ncr With the sealing drive on the ebb, the once urgent demand for legal commercial space too, has gone down. This comes through in the outcome of DDAs attempt to sell off 166 shops and offices in areas like Dilshad Garden, Mayur Vihar, Rajendra Nagar, Pitampura, Dwarka, Vikaspuri, Badarpur, and Rohini. ... http://news.delhi-properties.com/1236/sealing-takes-backseat-demand-for-commercial-space-ebbs Parts of Asia are losing more than 28,000 square kilometers (10,800 square miles) of forest every year, a trend that must to be reversed immediately to fight climate change, a United Nations report said on Thursday. Deforestation accounts for about 20 percent of global greenhouse gases -- trees soak up carbon ... http://news.delhi-properties.com/1235/asia-must-reverse-deforestation-un Heres a sum that just doesnt add up. The tourism ministry has estimated a huge shortfall of about 40,000 hotel rooms required for visitors to the Capital during the Commonwealth Games, which is just two years away. As of now, there are just about 11,000 hotel rooms in the city ... http://news.delhi-properties.com/1234/room-shortage-ahead-of-2010-games Soon the countrys wine capital Nashik will be closer to Mumbai. The Centre has approved the plan to wind the 12-lane Mumbai-Agra highway through Nashik. This will reduce travel time between the two cities by nearly two hours. So, the distance that takes anywhere above four-and-a-half hours now will be ... http://news.delhi-properties.com/1233/twelve-lane-highway-pass-through-nashik The State Level Steering Committee for Delhi under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) on Saturday approved detailed project reports (DPRs) for construction of more than 55,500 low-cost houses for the poor in the Capital. It also approved a multi-crore plan for re-development of Connaught Place and an ... http://news.delhi-properties.com/1232/housing-for-poor-multi-crore-plan-for-cp-approved The forest and tree cover in Delhi which was 265 square kilometres in 2003 had increased by 18 sq.km. to 283 sq. km. by 2005. This has been stated by the State of Forest Report -- issued by the Forest Survey of India under the Union Ministry of Environment and ... http://news.delhi-properties.com/1231/delhis-green-cover-goes-up-report For those who feel Delhi lags behind in science and technology, here is good news. The national capital would soon get a world-class sci-tech park, with focus on IT, nano-technology and bio-technology, on its southwest fringes. Delhi Chief Minister Sheila Dikshit on Thursday announced that the park would come up in ... http://news.delhi-properties.com/1230/delhi-to-get-science-technology-park-soon A 22-year-old property dealer was shot dead by unidentified assailants on Najafgarh Road in west Delhi on Wednesday morning. Jitendra (22), who was pursuing a course in forensic sciences in his post graduation, was on way to his workplace at Najafgarh, said the police. When he approached Mohan Garden, two ... http://news.delhi-properties.com/1229/property-dealer-for-the-shot-in-the-west-delhi As it completes its golden jubilee year, the Delhi Development Authority (DDA) is currently handling a host of projects – clover leaf flyovers, parking lots, the soon-to-be built Signature International Convention Centre in Dwarka and the upcoming Commonwealth Games village near Akshardham. In the 50 years of its existence, DDA ... http://news.delhi-properties.com/1228/dda-completes-golden-jubilee With barely 48 hours left for the scheduled opening of the Delhi-Gurgaon access-controlled highway on Wednesday, commuters were gearing up to put the nightmarish jams - which they have been putting up with for many years - behind them. The nervous anticipation could be sensed at the 32-lane toll plaza ... http://news.delhi-properties.com/1227/heavy-rush-at-gurgaon-toll-plazas The ambitious Rs 6,000 crore International Convention Centre at Dwarka is expected to be complete by 2010, say DDA officials. The centre will be located in the vicinity of Indira Gandhi International Airport. It is expected to become the signature landmark of the capital, and will vie with Singapores Suntec ... http://news.delhi-properties.com/1226/ddas-dwarka-convention-centre-likely-by-2010 DLF Limited, Indias largest real estate Company, recorded consolidated revenues of Rs 3,349 crore for the quarter ended September 30, 2007, an increase of 7.3% from Rs 3,121 crore in the first quarter of the current fiscal. EBIDTA was at Rs 2,363 crore, an increase of 5% as compared to ... http://news.delhi-properties.com/1225/dlf-turnover-for-rs-3349cr-net-profit-at-rs-2018cr Come winter, India becomes a favourite destination for conferences and conventions both of the international and domestic variety. While in the past, Delhi, Mumbai and to some extent Bangalore were the hotspots, now, the destinations are increasing. Hyderabad and Kochi, hitherto unheard of in the international conference and convention circuit ... http://news.delhi-properties.com/1224/conference-calls One person was injured and property worth lakhs of rupees was gutted in a fire that broke out in one of the flats of a residential society in suburban Dwarka on Wednesday afternoon. The fire broke out at around 12 pm in a flat of DDA residential society in Sector-3 ... http://news.delhi-properties.com/1223/fire-breaks-out-in-delhi-flat-one-hurt he Delhi Development Authority on Monday auctioned three of the seven plots for hospitals and nursing homes in North-West and South-West Delhi. According to a DDA spokesperson, a one-hectare plot at FC-50 in Shalimar Bagh was purchased by Max Health Care. Another one-hectare plot at PSP Rohini, Sector-22, was purchased by ... http://news.delhi-properties.com/1222/plots-auctioned-for-rs-982-crore Buoyed by its successful partnership for the Delhi Metro, Japan today said it was ready to work for the expansion of the project. We are quite ready to work for the expansion of the Delhi Metro, a senior Japanese government official said here. The Japanese government is willing to continue ... http://news.delhi-properties.com/1221/japan-ready-to-work-for-expanding-delhi-metro-officialjapan-ready-work-for-expanding-delhi-metro-official Soon the countrys wine capital Nashik will be closer to Mumbai. The Centre has approved the plan to wind the 12-lane Mumbai-Agra highway through Nashik. This will reduce travel time between the two cities by nearly two hours. So, the distance that takes anywhere above four-and-a-half hours now will be ... http://news.delhi-properties.com/1220/twelve-lane-highway-pass-through-nashik Tobacco major GTC Industries Limited (GTCIL) is mulling de-merging the company and forming a separate outfit to manage its forays into the countrys burgeoning real-estate industry. The Rs 1,300-crore company is planning to develop properties in cities like Hyderabad, Mumbai and Baroda by entering into joint ventures with local developers, ... http://news.delhi-properties.com/1219/gtc-mulls-de-merger-real-estate-foray North Indias number one & second largest Hypermarket retail chain network in India Vishal Mega Mart, after getting great response from their Mega malls all over India, now enters into small format specialized stores. The first small format specialzed store of garments has been opened in Delhis Ashok Vihar with ... http://news.delhi-properties.com/1218/india-vishal-delhi-store-to-offer-extensive-range-of-garments The Attorney General, the governments chief legal advisor, has said that the GMR Group-promoted Delhi International Airport Ltd (DIAL) has the right to raise deposits from bidders of commercial space to part-finance the modernisation of the capitals airport, estimated to cost Rs 8,900 crore. In his report to the ... http://news.delhi-properties.com/1217/delhi-airport-co-can-take-advance-for-commercial-space-ag Mumbai and Delhi are the second and eighth most expensive places respectively in the world for renting office spaces. In terns of cost, these places are ahead of New York, Los Angeles, Geneva, Rome and Shanghai. London West End continues to be costliest place in the world with a rental ... http://news.delhi-properties.com/1216/delhi-eighth-expensive-office-space-in-the-world Real estate experts in Delhi and satellite towns of Noida and Gurgaon have confirmed that property prices are sliding. So, if you want to get the best property deals, this is the time. Though on record, the brokers in Gurgaon object to any suggestion that property is becoming cheaper. Prices of plots ... http://news.delhi-properties.com/1215/property-prices-falling-in-delhi-ncr Environmentalists have warned that a large riverside development designed to house athletes who will descend on Delhi for the Commonwealth Games in 2010 will expose the capital to the risk of severe flooding and cause irreversible ecological damage. Work began in September on preparing the soil for the development, which takes ... http://news.delhi-properties.com/1214/delhi-riverbanks-an-ecological-battleground-for-developers Soon the countrys wine capital Nashik will be closer to Mumbai. The Centre has approved the plan to wind the 12-lane Mumbai-Agra highway through Nashik. This will reduce travel time between the two cities by nearly two hours. So, the distance that takes anywhere above four-and-a-half hours now will be ... http://news.delhi-properties.com/1213/twelve-lane-highway-to-pass-through-nashik The stage is set for the Delhi Metros ambitious segment from the international airport to the New Delhi railway station. The Anil Dhirubhai Ambani Group is reported to have emerged as the highest bidder for the estimated Rs 4,000 crore project. The airport metro line will connect the city centre ... http://news.delhi-properties.com/1212/anil-ambani-bids-highest-for-delhi-airport-metro-line DLF Limited, Indias largest real estate Company, recorded consolidated revenues of Rs 3,349 crore for the quarter ended September 30, 2007, an increase of 7.3% from Rs 3,121 crore in the first quarter of the current fiscal. EBIDTA was at Rs 2,363 crore, an increase of 5% as compared to ... http://news.delhi-properties.com/1211/dlf-turnover-at-rs-3349cr-net-profit-at-rs-2018cr A 22-year-old property dealer was shot dead by unidentified assailants on Najafgarh Road in west Delhi on Wednesday morning. Jitendra (22), who was pursuing a course in forensic sciences in his post graduation, was on way to his workplace at Najafgarh, said the police. When he approached Mohan Garden, two ... http://news.delhi-properties.com/1210/property-dealer-for-shot-in-west-delhi On sunday, when 25,000 people enter Delhi demanding land rights for the displaced and the landless, among them are 250 foreigners from 29 countries who have walked with them from Gwalior to Delhi. All, searching for a cause, have found it in the rally organised by P V Rajagopal, the ... http://news.delhi-properties.com/1209/land-march-from-gwalior-to-delhi-via-ngos-socialists-in-belgium-and-france A rental of Rs 15,000 per month is decent enough to get you two- to three-bedroom apartments in the NCR. Three-bedroom apartments of 1,175 sq ft are available at Pitampura. In south Delhi you can get one-bedroom builder floor in Defence Colony for Rs 15,000 per month. The built-up area ... http://news.delhi-properties.com/1208/3-bedroom-apartments-in-the-city-and-the-suburbs On October 29, the Central Reserve Police Force (CRPF) is going to mark 68 years of existence. As part of the ongoing celebrations, the force has joined hands with environment group Toxics Link to ensure waste management which will result in zero waste. The project was inaugurated at a function ... http://news.delhi-properties.com/1207/crpf-joins-the-fight-against-waste A city court today remanded two DDA officers Deputy Director Arun Kumar Misra and Assistant Director Jeet Ram Gaur accused of fraudulent allotment of land allegedly in collusion with land scam kingpin Ashok Malhotra, to seven days CBI custody. Special Judge S K Kaushik remanded the duo, arrested yesterday in ... http://news.delhi-properties.com/1206/delhi-land-scam-two-dda-officers-remanded-for-custody There is a net shortage of 25.90 lakh sq feet of government office accommodation in Delhi alone and 20.12 lakh sq ft in other major cities, according to a report prepared by the Urban Development Ministry. In Kolkata, the demand for government office accommodation is 20,74,653 sq ft but the ... http://news.delhi-properties.com/1205/massive-shortage-of-govt-office-accommodation-in-delhi From opening its first outlet at Basant Lok in Vasant Vihar in the Capital in 1996 to launching a new restaurant at the airport, McDonalds India has come a long way. On the eve of its 11th anniversary, McDonalds India opened its first express restaurant at Terminal 1A of the domestic ... http://news.delhi-properties.com/1204/mcdonalds-goes-to-delhi-airport The fate of 48,000 Delhi students who appeared for the Indian Institute of Technology-Joint Entrance Exam (IIT-JEE) got decided with its results being declared on Wednesday. Of the, 1,400 Delhi region candidates cleared the IIT-JEE. Only 7,200 students from across the country have been selected on the basis of the ... http://news.delhi-properties.com/1203/delhi-region-to-scores-high-iit-jee Two Central government ministries have failed to resolve a major dispute over two pieces of prime land in the heart of New Delhi. The Union ministry of urban development now wants 5.5 acres of land adjacent to Safdarjang Airport, and a large portion of 48 acres in Delhis Netaji Nagar ... http://news.delhi-properties.com/1202/two-central-ministries-spar-over-delhis-53-acres-of-land A city court today remanded two DDA officers Deputy Director Arun Kumar Misra and Assistant Director Jeet Ram Gaur accused of fraudulent allotment of land allegedly in collusion with land scam kingpin Ashok Malhotra, to seven days CBI custody. Special Judge S K Kaushik remanded the duo, arrested yesterday in ... http://news.delhi-properties.com/1201/delhi-land-scam-two-dda-officers-remanded-custody GAIL India, the countrys largest trasnporter and marketer of gas, has signed an agreement with Pragati Power Corporation to supply 2 million cubic metres per day (mcmd) of regassified liquefied natural gas (R-LNG) for its 1,500MW power plant at Bawana near Delhi. Besides, Indian Oil Corporation (IOC) and Bharat Petroleum Corporation ... http://news.delhi-properties.com/1200/gail-to-fuel-pragati-powers-plant-near-delhi At a time when realtors are looking at diversifying to hedge their risks, financial institution IFCI has decided to foray into the sector as part of a strategy to deploy liquid funds in a low-risk high-returns business. The company has bid for Delhi Development Authority (DDA) plots meant for constructing ... http://news.delhi-properties.com/1199/ifci-bids-plots-in-delhi Sobha Developers Ltd announced its joint development agreement with QVC Realty and Chintels India Ltd, the flagship company of the Chintels Group having large land banks in National Capital Region (NCR), to develop a 192-acre integrated township in Gurgaon, on Wednesday. The total development will be 6.5 million sq ft, ... http://news.delhi-properties.com/1198/sobha-developers-joins-hands-with-qvc-realty THE DDA today said it would construct 7,064 LIG and more than 1,000 HIG, MIG and other category flats. It also passed around 100 new schemes at a meeting today and made public features of its annual budget. The new schemes will cost around Rs 290.70 crore. DDA officials say ... http://news.delhi-properties.com/1197/dda-to-build-7000-low-cost-to-the-houses-in-city A 22-year-old property dealer was shot dead by unidentified assailants on Najafgarh Road in west Delhi on Wednesday morning. Jitendra (22), who was pursuing a course in forensic sciences in his post graduation, was on way to his workplace at Najafgarh, said the police. When he approached Mohan Garden, two ... http://news.delhi-properties.com/1196/property-dealer-to-shot-in-west-delhi For those who feel Delhi lags behind in science and technology, here is good news. The national capital would soon get a world-class sci-tech park, with focus on IT, nano-technology and bio-technology, on its southwest fringes. Delhi Chief Minister Sheila Dikshit on Thursday announced that the park would come up in ... http://news.delhi-properties.com/1195/delhi-to-get-for-science-and-technology-park-soon We are already into the crisis. It will accelerate in the next five years. There will come a time in the next 10 years when it will be irrelevant which party comes to power. The word democracy will be irrelevant when people rush to grab whatever available resources are left. ... http://news.delhi-properties.com/1194/maneka-gandhi-last-few-years-of-indias-existence-for-a-state In a major relief to Indian students and the US-based CFA Institute, the Delhi High Court has allowed all three levels of CFA examinations to be conducted in India on June 3. The high court, however, said the other aspects of AICTE order, restraining the institute from carrying out the ... http://news.delhi-properties.com/1193/students-happy-to-hc-okays-cfa-exams ormar cj family hold three companies in 2004 named 1-pawan impex 2- sab export 3- sang export. & run the business of export -import. the business was run by two son of formar cj chetan & nitin the corporate registered address of the companies were house no 3/18 punjabi bagh ... http://news.delhi-properties.com/1192/delhi-sealing-drive-formar-cj-sabharwal-some-facts To make the Delhi Metro stations easily accessible to commuters, the Delhi Metro Rail Corporation is launching a Metro Link Bus Service scheme under which it will purchase CNG-fitted feeder buses and hand them over to private operators to run. In the initial phase, about 60 Swaraj Mazda and Tata ... http://news.delhi-properties.com/1191/dmrc-to-purchase-gps-equipped-feeder-to-the-buses During its first phase of construction, the Delhi Metro Rail Corporation set a new record, beating its own deadline. And as the second phase gradually moves towards the cut-off date, DMRC says it is confident of meeting the target. Though the New Delhi-Airport link and the Badarpur-Central Secretariat corridor have run ... http://news.delhi-properties.com/1190/delhi-metro-confident-of-meeting-deadline At a time when realtors are looking at diversifying to hedge their risks, financial institution IFCI has decided to foray into the sector as part of a strategy to deploy liquid funds in a low-risk high-returns business. The company has bid for Delhi Development Authority (DDA) plots meant for constructing ... http://news.delhi-properties.com/1189/ifci-bids-for-plots-in-delhi There is good news for thousands of people in Delhi concerned about their properties being sealed. In an ordinance that puts the government on collision course with the Supreme Court, sealing has been suspended for at least a year. Like all its previous attempts at fighting sealing, this move too was ... http://news.delhi-properties.com/1188/status-quo-on-sealing-in-delhi Taking over the reins of the Delhi Pradesh Congress Committee at a time when the party is divided into various camps, Jai Parkash Agarwal is aware that his task is cut out if the Congress is to win the Delhi Assembly elections due next year. But he believes that by ... http://news.delhi-properties.com/1187/dusu-results-show-party-well-placed-delhi-congress-chief For those who feel Delhi lags behind in science and technology, here is good news. The national capital would soon get a world-class sci-tech park, with focus on IT, nano-technology and bio-technology, on its southwest fringes. Delhi Chief Minister Sheila Dikshit on Thursday announced that the park would come up in ... http://news.delhi-properties.com/1186/delhi-to-get-the-science-and-technology-park-soon In a development that could sour ties between Dhaka and New Delhi, cement giant Lafarge on Friday moved the Supreme Court complaining against an order of the ministry of environment and forest (MoEF) virtually putting an end to supply of raw material to its $255-million plant in Bangladesh. The Lafarge ... http://news.delhi-properties.com/1185/tussle-with-cement-giant-for-the-may-hit-delhi-dhaka-ties A 22-year-old property dealer was shot dead by unidentified assailants on Najafgarh Road in west Delhi on Wednesday morning. Jitendra (22), who was pursuing a course in forensic sciences in his post graduation, was on way to his workplace at Najafgarh, said the police. When he approached Mohan Garden, two ... http://news.delhi-properties.com/1184/property-dealer-shot-in-w-delhi Buoyed by its successful partnership for the Delhi Metro, Japan today said it was ready to work for the expansion of the project. We are quite ready to work for the expansion of the Delhi Metro, a senior Japanese government official said here. The Japanese government is willing to continue ... http://news.delhi-properties.com/1183/japan-ready-to-work-for-expanding-delhi-metro-official A city court today remanded two DDA officers Deputy Director Arun Kumar Misra and Assistant Director Jeet Ram Gaur accused of fraudulent allotment of land allegedly in collusion with land scam kingpin Ashok Malhotra, to seven days CBI custody. Special Judge S K Kaushik remanded the duo, arrested yesterday in ... http://news.delhi-properties.com/1182/delhi-land-scam-two-dda-officers-remanded-to-custody DLF Ltd., Indias biggest developer by market value, is spending almost a fifth of the money it raised in an initial share sale two months ago on a single property in the nations capital, New Delhi. The company, controlled by billionaire Kushal Pal Singh, has agreed to acquire 38 acres ... http://news.delhi-properties.com/1181/dlf-spends-a-fifth-of-ipo-funds-on-delhi-property In the last leg of her first tour to Delhi after winning the Uttar Pradesh Assembly elections, Chief Minister Mayawati met Chief Election Commissioner N N Gopalaswamy today. Mayawati, who won a comfortable majority in the Assembly, congratulated the CEC for conducting free and fair elections in the state. The ... http://news.delhi-properties.com/1180/victorious-mayawatis-last-stop-in-delhi-cecs-office Upasana Kataria moved to Dwarka two years ago with her family. The Katarias stay in Sector 3, Plot 6. Upasana bought the house two years ago, paying 30 lakh rupees. Nothing is available for less than 70 lakh now. More : ndtv.com http://news.delhi-properties.com/1179/real-estate-boom-in-dwarka To make the Delhi Metro stations easily accessible to commuters, the Delhi Metro Rail Corporation is launching a Metro Link Bus Service scheme under which it will purchase CNG-fitted feeder buses and hand them over to private operators to run. In the initial phase, about 60 Swaraj Mazda and Tata ... http://news.delhi-properties.com/1178/dmrc-to-purchase-gps-equipped-feeder-buses The 50,000-square-metre sprawl, down the road from Delhi Metros Vidhan Sabha station, is cordoned off by tin sheets. This is the Khyber Pass plot, excavated, with iron girders dug into the earth and then abruptly left rusting since work stopped eight months ago. Earmarked by MGF Builders for a mall, ... http://news.delhi-properties.com/1177/in-mcd-metro-war-casualty-is-75-acres-of-prime-delhi-land On the World Environment Day today, the Delhi Metro Rail Corporation said that it has achieved its environment goals and helped the city of Delhi save Rs 1167.36 crores in terms of social and economic benefits accrued. Releasing a report by the Central Road Research Institute (CRRI) that has quantified these ... http://news.delhi-properties.com/1176/delhi-metro-helps-city-save-rs-1167-crores-crri-study THE DDA today said it would construct 7,064 LIG and more than 1,000 HIG, MIG and other category flats. It also passed around 100 new schemes at a meeting today and made public features of its annual budget. The new schemes will cost around Rs 290.70 crore. DDA officials say ... http://news.delhi-properties.com/1175/dda-to-build-7000-low-cost-houses-in-city For those who feel Delhi lags behind in science and technology, here is good news. The national capital would soon get a world-class sci-tech park, with focus on IT, nano-technology and bio-technology, on its southwest fringes. Delhi Chief Minister Sheila Dikshit on Thursday announced that the park would come up in ... http://news.delhi-properties.com/1174/delhi-to-get-science-and-technology-park-soon The fate of 48,000 Delhi students who appeared for the Indian Institute of Technology-Joint Entrance Exam (IIT-JEE) got decided with its results being declared on Wednesday. Of the, 1,400 Delhi region candidates cleared the IIT-JEE. Only 7,200 students from across the country have been selected on the basis of the ... http://news.delhi-properties.com/1173/delhi-region-scores-high-in-iit-jee With most of the blueline buses staying off the roads in the capital, the Delhi metro rail is witnessing an unprecedented rush of commuters, enriching its coffers. Yesterday, the rail network ferried 5.27 lakh people, a record ridership for a Sunday ever since metro was introduced in the capital four ... http://news.delhi-properties.com/1172/blueline-mess-gets-delhi-metro-more-commuters Bombardier Inc said it has won an order for 340 metro cars from the Delhi Metro Rail Corp in a deal worth about 590 mln usd. The Canadian engineer said deliveries are scheduled to begin in the last quarter of 2008 with completion two years later. New Delhi is expanding its transport ... http://news.delhi-properties.com/1171/bombardier-wins-590-mln-usd-contract-from-delhi-metro-rail UNIDO South-South centre opened in Delhi The first UNIDO (United Nations Industrial Development Organisation) Centre for South-South [developing countries] Industrial Cooperation (UCSSIC) was launched in New Delhi on Thursday by Commerce and Industry Minister Kamal Nath at a function presided over by the Director General of UNIDO, Kandeh Yumkella. India ... http://news.delhi-properties.com/1170/unido-south-south-centre-opened-in-delhi Taj, Great Wall to mark India-China tourism year The Taj Mahal and the Great Wall of China gleam together in the logo of the India-China Friendship Through Tourism Year, launched here Wednesday, as the two neighbours hoped to bridge the yawning information gap with more travel and people-to-people contacts. The Great ... http://news.delhi-properties.com/1169/taj-great-wall-to-mark-india-china-tourism-year Real estate behemoth DLF is all set to bag a civic centre project from Municipal Corporation of Delhi (MCD) in the heart of the national capital, for which it is understood to have made the highest bid of Rs 398 crore. MCD had invited expressions of interest from developers for ... http://news.delhi-properties.com/1168/dlf-set-to-bag-mcd-project A metro train caught fire early on Friday morning when it was on a trial run, an official said. There were, however, no casualties or injuries as no commuter was present in the train during the incident. According to the Delhi Metro Rail Corporation (DMRC) officials, the train caught fire ... http://news.delhi-properties.com/1167/metro-train-on-trial-run-catches-fire The Delhi Cabinet on Monday approved threshold property rates for valuation of land and properties for the purpose of registration in different parts of the city, which has been divided into eight categories for the purpose. Henceforth, any deal that is struck below the prescribed level will not be registered, ... http://news.delhi-properties.com/1166/delhi-cabinet-issues-new-circle-rates-for-property-valuation Guru Govind Singh Indraprastha University, better known as IP University, will reserve 85 per cent seats for Delhi students from this academic session in its affiliated institutions and departments. For outstation students, 15 per cent seats will be available. It will also reintroduce the 10 per cent management quota in ... http://news.delhi-properties.com/1165/now-a-quota-for-delhi-students In a development that could sour ties between Dhaka and New Delhi, cement giant Lafarge on Friday moved the Supreme Court complaining against an order of the ministry of environment and forest (MoEF) virtually putting an end to supply of raw material to its $255-million plant in Bangladesh. The Lafarge ... http://news.delhi-properties.com/1164/tussle-with-cement-giant-may-hit-delhi-dhaka-ties The Delhi government is planning to compile a comprehensive database of senior citizens in the Capital, with inputs from various organisations and agencies, to initiate the process of issuing identity cards to them. Chief Minister Sheila Dikshit announced this while presiding over a meeting of the State Council for senior ... http://news.delhi-properties.com/1163/delhi-govt-to-compile-data-on-senior-citizens-says-sheila The Delhi government has held out a strong w