Delhi to have automated parking lots soon
16 Jan, 2011, PTI
Automated parking-the next big thing in Delhi
NEW DELHI: Like in many global cities, motorists in Delhi may soon be able to park their cars in parking lots by swiping a credit card or smart card at automated kiosks without any human intervention. As part of efforts to overcome the problem of unregulated parking, the city government has decided to introduce an automated parking management system, using sophisticated equipment.
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DDA (Delhi) Housing Scheme 2010- Draw Result
The waiting list for DDA Housing Scheme 2010 is available at below link
http://www.dda.org.in/tendernotices_docs/april11/WAITING_LIST_DDA_HOUSING_SCHEME%202010.pdf
Did not get a flat in DDA draw? Explore options in the NCR
Hunoos Dilli door ast (It is still a long way to Delhi)! Those who did not find their names in the recent DDA draw might be feeling a little low as they may not be able to purchase a house in the capital with no DDA scheme in the near future. Experts, though, say that there is no point in cursing fate – they aver that it is time to think beyond the capital.
While the NCR cities close to Delhi are still no match for the national capital, fact is that if serious end users continue to wait for long to find a house in Delhi, they may even miss the housing options in the NCR, altogether.
"I think there are several options available in the NCR, since Delhi does not have many projects on offer.
Everybody has been eagerly awaiting the DDA draw, and hoping for another draw is a farfetched option; genuine buyers must start looking for alternatives . Areas like Ghaziabad will see an upsurge in the number of buyers due to their close proximity to Delhi and better infrastructure facilities. In Ghaziabad, demand will further increase, especially in areas like Indirapuram, Mohan Nagar, and with the Metro reaching places like Vaishali, Vasundhara and Raj Nagar Extension, this will be a golden opportunity for genuine buyers to invest," says Vijay Jindal, CMD of SVP Group.
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High prices n weak demand impact realty firms
Growth of realty firms reined in by high prices, weak demand
Home sales have dropped in what’s traditionally been the strongest quarter for property sector
14 Jan 2011
Growth of most real estate companies in the December quarter remained muted on the back of higher pricing, weak demand and delayed project approvals.
Residential volumes declined in what is seasonally considered to be the strongest quarter that’s typically boosted by festive sales, said analysts.
Sarita Vihar- Badarpur Metro starts
Long wait for Metro ends on Faridabad border
TNN, Jan 15, 2011,
NEW DELHI: Metro's first journey out of the Badarpur station on Friday morning at 8am brought a sea change in the commuting experience of those living on the fringes of the capital and in the fast-growing township of Faridabad.
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Realty could slow down due to price and interest rates
10 Jan 2011
Housing demand to slow down on higher price and mortgage rate
New Delhi, Jan 10 (PTI) Housing demand is likely to slow down due to higher prices and increased home loan rates in the current year, rating agency Fitch said today.
"The higher prices combined with the increase in interest rates on mortgages in 2011 is likely to slow down growth in the residential segment," Fitch said in a report referring to demand and sales.
After a huge slump in 2009, real estate sales zoomed on in 2010, driven by pent-up demand for homes, particularly in the affordable housing segment. The trend was witnessed throughout the country.
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Tips on finding right property broker
Jan 11 2011
Get your broker to earn his commission
Brokers are supposed to provide a host of services, apart from just showing you a house. Before signing the cheque, ensure they deserve i
Think of buying a house and it’s not just the price of the property you need to consider. There are other big-ticket expenses such as paying the stamp duty and the brokerage. Striking a property deal without a broker is difficult. But the broker’s responsibility doesn’t just stop at introducing the owner and the buyer. Though the unorganized real estate sector leaves the responsibilities of the broker unclear, a broker’s job doesn’t end until you have moved into an undisputed, clean house.
Where to invest in 2011 ?
Expensive Real Estate Markets are Due For A Correction
But prudent investors will find plenty of opportunities in premium and redevelopment projects
by T Surendar | Jan 7, 2011
In late November, soon after environment minister Jairam Ramesh gave the green signal for Mumbai’s second airport, property prices around its location shot up by 20 percent. This was the same area that, even six months ago, real estate consultants and analysts were advising investors to stay away from. They reasoned that the prices had run up way too quickly. Today, the same professionals are recommending buying select properties in the same area at higher prices.
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NCR-Delhi: Property trend for 2011
Property prices to rise in next one year, then correct: NHB
PTI, Jan 5, 2011, 06.21pm IST
NEW DELHI: Housing regulator, NHB, which is awaiting USD 500 million loan from the World Bank for low cost housing, today said property prices would rise in the next one year, but that would result in correction in these rates in all the metros subsequently. "In the next one year, property prices would be moving northwards which will create a dampening impact on demand, resulting in correction of prices," NHB Chairman R V Verma told reporters on the sidelines of Skoch summit.
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Things to check before buying farmland, sr citizen or retail space
3 property deals that need extra thought
LiveMint
Though they are attractive, there are risks and restrictions involved. Know them before you buy. The real estate market witnessed a buying/selling frenzy in 2006-07 and the beginning of 2008. Foreign direct investment, introduced in 2005, had settled in by then and prices were up 40-50% the actual values. In some cases, prime properties were sold 10 times in a month. For buyers, any property became worth buying. An upcoming apartment in a distant suburb, a vacant plot, a redevelopment project or commercial or agricultural plots, buyers saw investment opportunities everywhere.
NCR-Delhi attracts FDI
Over 50% of FDI went to Maharashtra, NCR in H1 FY'11
Press Trust of India, December 27, 2010 (New Delhi)
Maharashtra and the National Capital Region accounted for over 50 per cent of foreign direct investment inflows into the country during the first half of 2010-11, says the latest Industry Ministry data. Maharashtra attracted the maximum foreign direct investment (FDI) of about $2.67 billion (Rs. 12,275 crore) during April-September, 2010, accounting for 34 per cent of the total FDI in the country during the period. Delhi's National Capital Region (NCR), including parts of Uttar Pradesh and Haryana, received $1.96 billion (Rs. 8,961 crore) of FDI during the period. NCR accounted for 20 per cent of the total FDI in the country. During the period, India attracted $11 billion of FDI, the data said. According to experts, the good infrastructure of states like Maharashtra and Delhi made them more attractive FDI destinations than states with poor roads and power facilities.
NCR-Delhi: Realty Trend for 2011
Residential market looks up
DHNS, 31 Dec 10
What defines this year in terms of real estate? The RBI seeing red over the teaser home loan regime, its move to tighten the flow of 'easy money' into the real estate market or the residential sector spearheading recovery of market economy…DH Realty looks back.
A good year for residential sector, not a full recovery for the commercial sector, status quo in terms of Bangalore’s infrastructure…That has been the story of the year gone by for the real estate sector.
According to a survey by makaan.com, “the year 2010 can be considered a mixed year for the Indian real estate sector. The industry displayed some positive signs of revival with homebuyers and investors coming back to the property market on the back of a higher consumer confidence and the promise of sustained GDP growth. This lead to hardening of the property prices in the beginning of 2010. The home prices moved up at a brisk pace during Oct 2009 to March 2010. The sudden and steep rise in prices created a fear in the mind of the genuine homebuyers and they adapted a wait and watch approach during the second half of 2010.”
Delhi- NCR sees whopping 36% price rise in residentials in 2011
Update 30 Dec 10
Residential prices rise 36% in Delhi-NCR in 2010
NEW DELHI: After more than a year of lull, the residential segment in Delhi- NCR and Mumbai have witnessed price rise by up to 36 per cent during 2010 on the back of good demand.
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Gurgaon NPR- Inching Closer
No Progress Road: NPR to miss second deadline
HT Correspondent, Hindustan Times
Gurgaon, December 03, 2012
Eight months after it missed its first deadline, the much-hyped Rs. 57 crore Northern Peripheral Road (NPR) project is still struggling to reach the finish line even as the second deadline looms round the corner. The 18-km-long road, also known as Dwarka Expressway, is bound to miss the
December 31 completion deadline — thanks to the lackadaisical attitude of the Haryana Urban Development Authority (Huda).
The 150-metre-wide road will connect Dwarka in Delhi and Kherki Daula on NH-8.
Of the 18-km stretch, the bituminous work is complete hardly on eight km area. Moreover, a four-km stretch is entangled in a legal dispute.
"We still have 28 days and we hope to complete at least five km. I have asked the contractor to speed up the work and complete the stretch by end of the month," said Pankaj Kumra, chief engineer, Huda, the custodian authority of the project.
When questioned about the reason for the delay, the chief engineer said, "The contractors are facing law-and-order problems on the NPR, mainly on the portion under litigation. The workers are having difficulty as many houses and establishments have not been removed for the work.”
The delay has shattered the dreams of tens of thousands of buyers and builders whose money is invested in hundreds of projects coming up along the NPR. The project was awarded to JSR Construction Pvt Ltd and Indiabulls Construction Limited on April 1, 2011 and its first deadline was March 31, 2012.
Delhi, Gurgaon n Noida- Fav inv destination in Asia-Pacific Region
Realty pecking order holds out hope
Mumbai, Dec. 23:India is emerging as a top destination for real estate in the Asia-Pacific region with Mumbai and New Delhi ranked third and fifth, respectively, in a list of the region’s most promising investment markets for 2011.
A report by Urban Land Institute and PricewaterhouseCoopers (PwC) titled “Emerging trends in real estate; Asia Pacific 2011” also heaps praise on Mumbai and Delhi as the most favoured destinations for development prospects.
WB Loan for Eastern Freight Corridor
Dedicated Freight Corridor is one project that can dramatically change industrial face of India and NCR region in particular. There is a positive news flow on Eastern Dedicated Freight Corridor as the World bank has issued Rs 10,800 crores loan for corridor. The corridor runs from Ludhiana to Bihar (to be extended to Kolkata) with a total length of 1280 km. Dadri would be the junction of Eastern and Western Dedicated Freight Corridor. The more popular and dynamic Delhi-Mumbai Dedicated Freight Corridor would be 1483 km long between Dadri and Mumbai.
Refer to below news article from NBT
KMP Expressway: Further Delayed
महत्वाकांक्षी परियोजना केएमपी एक्सप्रेस-वे का 53 किमी लंबा पहला चरण होगा शुरू
Story Update : Sunday, February 05, 2012 12:01 AM
गुड़गांव। प्रदेश की महत्वाकांक्षी परियोजना कुुंडली-मानेसर-पलवल (केएमपी) एक्सप्रेस-वे (वेस्टर्न पैरीफेरल एक्सप्रेस-वे) के पहले चरण में 53 किमी लंबा मानेसर से पलवल रूट अप्रैल में शुरू हो जाएगा, जबकि 135 किमी पूरे केएमपी एक्सप्रेस-वे को वर्ष के अंत तक खोल दिया जाएगा। गौरतलब है कि केएमपी एक्सप्रेस के निरीक्षण के बाद मुख्यमंत्री परियोजना में हो रही देरी को लेकर नाराजगी भी जाहिर कर चुके हैं। केएमपी एक्सप्रेस-वे को शुरू करने के लिए अब तक कई बार डेडलाइन बदली जा चुकी है। मानेसर से पलवल रूट खुलने पर टोल का भी भुगतान करना होगा।
चार राष्ट्रीय राजमार्गों को आपस में जोड़ने वाले केएमपी एक्सप्रेस-वे का करीब दो हजार करोड़ रुपये की लागत से निर्माण किया जा रहा है। केएमपी एक्सप्रेस-वे के शुरू होने से एनएच-1, एनएच-10 और एनएच-8 से होता हुआ पलवल में एनएच-2 से मिलेगा।
कंपनी प्रवक्ता के अनुसार, केएमपी एक्सप्रेस-वे दिल्ली-अमृतसर राष्ट्रीय राजमार्ग-1, दिल्ली-फाजिल्का राष्ट्रीय राजमार्ग-10 तथा दिल्ली-जयपुर राष्ट्रीय राजमार्ग-8 को काटता है, इसलिए वहां बडे़-बडे़ लूप बनाए जाएंगे। यह लूप दिल्ली में धौला कुआं पर बने लूप जैसे होंगे, जिनसे वाहन चालक राजमार्गों से केएमपी एक्सप्रेस-वे के ऊपर चढ़ सकेंगे तथा नीचे भी उतर सकेंगे।
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ET Realty Convention 2010: Planning new-age townships
ET Spcl: The way forward for new-age townships
20 Dec, 2010, 08.48AM IST, Neha Bhatia,ET Bureau
With metro cities already bustling with over-population , the focus of real estate developers and urban planners has now shifted towards developing the satellite towns on the periphery of bigger cities. However the biggest bottleneck in popularising new townships in the peripheral regions is the lack of proper connectivity. As the real estate sector is finally coming on the fast track, connectivity remains the major concern.
Giving an overview of the sprawling urban areas in different parts of the country at the Economic Times Realty Convention 2010, Kumari Selja, Minister, Housing & Urban Poverty Alleviation said, "Almost all the major towns and cities have expanded along the highways connecting cities in regions for example Delhi-Jaipur , Delhi-Meerut , Mumbai-Ahmedabad , and so many others throughout the country.
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Delhi to get rid of blueline buses by 31 Jan 11
Delhi to float tenders for more bus route clusters
2010-12-19 23:00:00
New Delhi, Dec 19 (IANS) With Jan 31, 2011 fixed as last day for Blueline buses on the capital's roads, the Delhi government has decided to float tenders for more routes soon under the cluster system.
The city has so far cleared five clusters, a system under which the over 600 routes in the city have been divided among 17 clusters. Under this, over 800 buses will be on the roads within six months.
Housing Prices in Delhi-NCR at 2008 High
Housing prices in Delhi, Mumbai at 2008 peak level: JLL
NEW DELHI: Global property consultant Jones Lang LaSalle today cautioned that housing prices in Delhi-NCR and Mumbai have reached the peak level of 2008 and any further rise in the rates will adversely affect the demand.
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