Category: Delhi

Residential searches rose 14.2% between January and March 2023, while listings rose 1.9%.

March 30, 2023

NEW DELHI: As per Magicbricks’ Proplndex research, residential searches surged by 14.2 percent from January to March 2023 while listings increased by 1.9 percent. Residential searches grew 3.2% quarter over quarter, the research claims, following a little fall of 2.5% the previous quarter, led by Ahmedabad (21.4%), Bangalore (10.3%), and Pune (7%). The survey also […]

Residential searches rose 14.2% between January and March 2023, while listings rose 1.9%.more

At Delhi’s Shalimar Bagh, the ED attaches an “Ambience Tower” worth Rs 252 crore.

March 27, 2023

NEW DELHI: In conjunction with a money laundering probe related to an alleged bank fraud case against the Ambience Group, the Enforcement Directorate announced on Friday that it had attached a multi-storeyed commercial complex in Delhi’s Shalimar Bagh neighbourhood, valued at more than Rs 252 crore. The immovable property is known as Ambience Tower and […]

At Delhi’s Shalimar Bagh, the ED attaches an “Ambience Tower” worth Rs 252 crore.more

Sebi will organise an auction for 66 Saradha Group properties on April 11.

March 14, 2023

NEW DELHI: The market watchdog Sebi stated on Monday that it would auction off 66 Saradha Group properties on April 11 for a reserve price of Rs 32 crore in an effort to collect money that the company had defrauded the public of through deceptive business practices. According to a notice from the Securities and […]

Sebi will organise an auction for 66 Saradha Group properties on April 11.more

In Q3 FY23, housing sales increased 11% in volume across seven cities, according to ICRA.

March 9, 2023

NEW DELHI: According to rating agency ICRA, housing sales increased 11% in volume across seven cities in the third quarter of this fiscal year due to stronger demand. “The reported sales in Q3 FY2023 in the top seven cities in India were 149 million square feet (msf), the highest quarterly sales recorded in over ten […]

In Q3 FY23, housing sales increased 11% in volume across seven cities, according to ICRA.more

High Court sets aside attachment of Piramal Realty’s properties worth Rs.410 crore.

February 27, 2023

The Delhi High Court has set aside a provisional attachment of Piramal Realty’s properties worth Rs.410 crore by the Enforcement Directorate. The high court ruled in an order issued a week ago that the ED’s provisional attachment of properties “cannot continue” because the realty company “was not arrayed as an accused and was merely a […]

High Court sets aside attachment of Piramal Realty’s properties worth Rs.410 crore.more

Supreme Court orders builder to obtain “completion certificate”

February 10, 2023

NEW DELHI: The Supreme Court declared on Thursday that even if the struggling EMI-paying flat owners take possession of their homes before the release of a such legally required document, the builder of a housing complex is still legally obligated to obtain a “completion certificate” for the construction. The National Consumer Disputes Redressal Commission (NCDRC) […]

Supreme Court orders builder to obtain “completion certificate”more

Ambuja Cement and ACC claim that no shares have been pledged by promoter Adani Group.

February 3, 2023

NEW DELHI: The promoters of Adani group firms Ambuja Cement Ltd and ACC Ltd stated on Thursday that no shares of the companies have been pledged and that only a “non-disposal undertaking” has been provided. Ambuja Cement Ltd and ACC Ltd described as “misleading” reports of promoters pledging shares as part of financing their acquisition […]

Ambuja Cement and ACC claim that no shares have been pledged by promoter Adani Group.more

Budget 2023 is expected to provide a boost to the real estate industry.

February 1, 2023

NEW DELHI: One of the most pressing requests from the real estate industry for the upcoming Budget of 2023 is a reduction in home loan rates. With this being Prime Minister Narendra Modi’s final budget before the primary elections in 2024, there are high hopes. According to Samyak Doshi, director of Bhoomi Group, there should […]

Budget 2023 is expected to provide a boost to the real estate industry.more

Residential sales in top seven cities up 68% year-on-year in 2022: Report

January 9, 2023

NEW DELHI: According to a recent JLL India report, the residential sector experienced a robust demand revival in 2022, with the year having to register a decadal high in-home sales with 215,000 units across the top seven cities of Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Kolkata, and Pune. Residential sales increased by 68% year on year […]

Residential sales in top seven cities up 68% year-on-year in 2022: Reportmore

The ban on non-essential construction work in Delhi-NCR has been lifted.

January 5, 2023

NEW DELHI: With air pollution in Delhi-NCR improving, the Centre’s air quality panel directed authorities on Wednesday to lift curbs imposed under stage III of the Graded Response Action Plan, along with a ban on non-essential demolition and construction work. The 24-hour average air quality index (AQI) in Delhi was 343 at 4 p.m., down […]

The ban on non-essential construction work in Delhi-NCR has been lifted.more