Gurgaon: MCG under fresh scanner over awarding tender to PR firm

Gurgaon: MCG under fresh scanner over awarding tender to PR firm

The Municipal Corporation of Gurugram (MCG) has come under scanner yet again as the Chief Minister’s Office has marked a vigilance enquiry pertaining to the issuing of a tender to a public relations (PR) agency following a complaint by a city-based social activist.

As per the complaint by social activist Harinder Dhingra to Chief minister Manohar Lal Khattar, a copy Continue reading “Gurgaon: MCG under fresh scanner over awarding tender to PR firm”

What investors should know about investing in real estate

What investors should know about investing in real estate

Amit’s eyes shone as Rishabh told him about the 300% gain he made on selling his property at Whitefield, Bangalore. He had bought it for Rs 30 lakh in 2002 and sold it for more than a crore recently. Amit decided that real estate is the asset class he should be investing in! Such statements and cases are not uncommon. Though the gain figure looks quite impressive, there are many things a smart investor who is looking to build his Continue reading “What investors should know about investing in real estate”

DLF’s Kushal Pal Singh is India’s wealthiest real estate baron: Hurun

DLF’s Kushal Pal Singh is India’s wealthiest real estate baron: Hurun

Delhi-based real estate tycoon Kushal Pal Singh of DLF was named as the top real estate entrepreneur this year on the Grohe Hurun India Real Estate Rich List, where 60 per cent of the list comprises first generation entrepreneurs. Singh, 87, is the wealthiest real estate baron in the country with a fortune of Continue reading “DLF’s Kushal Pal Singh is India’s wealthiest real estate baron: Hurun”

RBI rate cut could have boosted demand in real estate during the festival season, say developers

RBI rate cut could have boosted demand in real estate during the festival season, say developers

Real estate developers are disappointed that the Reserve Bank of India chose to maintain status quo on policy rates announced on Wednesday. They point that a rate cut would have provided a cushion for the economy and also much needed zing during the current festival Continue reading “RBI rate cut could have boosted demand in real estate during the festival season, say developers”

Godrej Properties in pact for new realty project in Pune

Godrej Properties in pact for new realty project in Pune

NEW DELHI – Realty firm Godrej Properties Ltd today said it has entered into a partnership agreement to develop a residential project in Pune.

The company, the real estate firm of the Godrej group, will develop a housing project on 59 acres at Mamurdi in West Pune. It did not disclose the name of the partner in Continue reading “Godrej Properties in pact for new realty project in Pune”

Annual real estate supply in India expected to increase to 8.2 bn sq ft by 2025

Annual real estate supply in India expected to increase to 8.2 bn sq ft by 2025

Share of the real estate sector in India’s GDP expected to double by 2025 and jobs likely to increase by more than 80 percent by 2025.

Increasing urbanisation and transformation of the real estate sector from a largely fragmented to an organised one, thanks largely due to regulatory reforms such as RERA and GST, is expected to increase the annual real estate supply in India from about 3.6 billion sq ft in 2013 to about 8.2 billion sq ft in 2025. This will also impact the growth of jobs that is likely to see a spurt of over 80 percent by 2025, Continue reading “Annual real estate supply in India expected to increase to 8.2 bn sq ft by 2025”

Six Ways Real Estate Professionals Can Keep Growing And Learning

Six Ways Real Estate Professionals Can Keep Growing And Learning

Staying on top of industry changes and new developments is crucial, especially in a business with so much on the line. Changes in local economies, housing needs or zoning issues can seriously impact investments. Developments in customer service aspects — new approaches or tools to help clients find what they need, and then walk away happy — can mean the difference between keeping people  Continue reading “Six Ways Real Estate Professionals Can Keep Growing And Learning”

Gurgaon homebuyers demand completion of Dwarka Expressway at earliest

Gurgaon homebuyers demand completion of Dwarka Expressway at earliest

Unhappy with the National Highways Authority of India (NHAI) for tendering the 28km Dwarka Expressway in parts, homebuyers on Monday demanded completion of the project at the earliest. On Saturday, the homebuyers held a peaceful protest in front of the NHAI office in Continue reading “Gurgaon homebuyers demand completion of Dwarka Expressway at earliest”