Govt. Says: Over 31,000 Affordable Flats Are About To Be Launched In Gurgaon

The Haryana government said on March 11 Gurgaon’s realty space has provisions for 31,736 flats in the economically weaker section (EWS) and affordable housing categories and asked realtors for a status report on such houses in the city. It also said formalities on allotment of 14,500 flats and plots under both categories had been completed …

Home Loan: RBI Reduces Burden On Buyers, Industry Calls Move ‘Insufficient’

If the Budget turned out to be a non-event for the real estate sector except for benefits to Real Estate Investment Trusts (REITs), the Reserve Bank of India last week offered some relief to home buyers, especially those belonging to the low-income category and for houses that may fall in the affordable category or in Tier II and …

Connaught Place Is The 5th Most Expensive Office Location In The World: Survey

Connaught Place in New Delhi has emerged as the 5th most expensive office space location in the world, according to Cushman & Wakefield’s annual global survey based on office rental values at the end of 2014. The survey that ranks locations across Americas, Europe, Asia Pacific, Middle East & Africa, noted that Connaught Place rose …

Gurgaon Starts Acquiring Land for 1,349-Acre Green Cover

HUDA has begun work on creating a green buffer as per Gurgaon Master Plan 2031, where 1,349 acres of green cover will be planted on the city’s outskirts to check pollution and improve air quality. According to HUDA sources, land acquisition for the project has been expedited following directives from the chief administrator’s office. Farmers …

Smart City Plan: Criteria Agreed For Selection & Ranking

NEW DELHI: The government’s initiative for creating 100 smart cities achieved a major milestone today as the various stakeholders came out with the criteria for the selection and ranking of cities and also broadly agreed on innovative financing models and urban governance reforms to be implemented as part of the project. The way forward emerged …