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.
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Update 10 Jan 11
Gurgaon.
A very interesting game of property cartel management was recently played by builder lobby in Gurgaon. The game started to be played since Sep-Oct 10 and was stopped silently by the builder lobby in Dec 10 when they had cooly exited most of their investment. The retail investors who couldn;t understand the game are finally holding the real estate with a loss of about 10% in just one month.
For more details please see attached artcile below
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Haryana Plans to Connect Cities with Metro
9 Jan 11
New Delhi
With quality public transport remaining a challenge in Haryana, the state government has made ambitious plans to connect major cities bordering the national capital with metro rail system.
Announcing this today on the occasion of the 9th Pravasi Bhartiya Divas here, Chief Minister Bhupinder Singh Hooda said, "We recognise that good connectivity and efficient transport has a significant bearing on the overall development process. We are taking necessary steps in this regard."
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10 Jan 11
GURGAON: Gurgaon is fast developing as an important financial hub and emergence of such new centres always helps in de-congesting the finance market, said C Rangarajan, noted economist and financial advisor to the PM.
Academicians and economists spoke on the future of Indian finance market, with comments on the rapid development of Gurgaon as a corporate and real estate hub, at the FINCON 2011 on Saturday.
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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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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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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.
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Parallel road to ensure toll-free link to homes
HT, 3 Jan 11
There is good news for residential plot allottees on the Yamuna Expressway. They will not have to pay any toll tax to reach their homes, as the Yamuna Expressway Authority (YEA) is constructing a parallel road to ensure free connectivity. Around 25,000 allottees of the residential scheme, who were given plots in Sector 18 and Sector 20, were worried as the under-construction expressway was the only link road. Read more…
Manesar's Rs 2K-cr answer to Delhi's Pragati Maidan
Vineet Gill, TNN, Jan 2, 2011, 05.00am IST
GURGAON: Manesar is set to get an exhibition and convention center twice as big as Delhis Pragati Maidan and if HSIIDC officials are to be believed, Delhis flagship India International Trade Fair and other such events may be shifted to the new venue.
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1 महीने में गुड़गांव टू फरीदाबाद सिर्फ 20 मिनट में
1 Dec 2011, 0400 hrs IST
पूनम गौड़ ॥ गुड़गांव
गुड़गांव से फरीदाबाद जाने में भले ही अभी कई समस्याएं हांे लेकिन 31 दिसंबर से आपका यह सफर स्मूद होने जा रहा है। जल्द ही गुड़गांव से फरीदाबाद पहुंचने में सिर्फ 20 मिनट ही लगेंगे। 31 दिसंबर तक गुड़गांव-फरीदाबाद रोड को पूरी तरह तैयार कर लिया जाएगा। फिलहाल इस सड़क का 85 प्रतिशत काम लगभग पूरा हो चुका है। हालांकि अरावली की हरी-भरी वादियों से गुजरने वाले इस स्मूद और सुहाने सफर के लिए आपको जेब भी ढीली करनी होगी। इस रोड पर टोल लगाया जाएगा। गौरतलब है कि रिलायंस इंफ्रास्ट्रक्चर की ओर से बनाए जा रहे इस प्रोजेक्ट के पूरा होने के बाद न सिर्फ गुड़गांव-फरीदाबाद के बीच की कनेक्टिविटी बेहतर होगी बल्कि इंडस्ट्री का काम भी बेहद आसान हो जाएगा।
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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.
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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.”
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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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Update 29 Dec 10,
If you hold a society flat in Noida-Greater Noida or anywhere in in GB Nagar, get ready to complete registration of your flats by 15 March 11. This deadline had been given by SC that has given a decision in favour of govt authorities.
For more info, refer below article
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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.
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‘No toll’ for G Noida e-way
28 Dec 10
Relief is in the offing for thousands of vehicles which use the 24-km-long Noida-Greater Noida Expressway every day. The state government may let the link road remain toll-free. Early this year, the government had issued a notification, saying a toll plaza would be set up on the highway (near Amity University) next year.
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Noida budget in 2011 for its development: R10,000 crore
Hindustan Times
NOIDA, December 28, 2010
The twin cities of Noida and Greater Noida are set to become one of the biggest infrastructural hubs in the country with a balanced approach towards upgrade of civic amenities. Starting 2011, Noida authority will spend R10,000 crore on development over the next five years. The projects include four
bridges over river Yamuna, two major road corridors with flyovers, underpasses and signal-free traffic, besides links to the Delhi-Mumbai freight corridor, Eastern Peripheral and Upper Ganga expressways.
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Catch a Shatabdi to Gurgaon…
CHANDIGARH: If plans translate into action, you could soon be boarding a Shatabdi Express to Gurgaon. The extension of the popular train service to the Haryana city is on the cards, with railway officials considering the proposal.
Apart from hundreds of techies and management professionals who shuttle between Chandigarh and Gurgaon for work, the added facility is likely to bring respite to those who don't have private conveyance and often have to take a cab from the New Delhi railway station, an exercise that is more cumbersome than the train ride itself.
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Highrises to take centre stage in Gurgaon-Manesar belt
NEW DELHI: The national capital's satellite township of Gurgaon, a city of malls and commercial skyscrapers , is seeing a growing trend of highrise residential apartments marking its skyline. As much as 60% of the total population residing in the 57 sectors of Gurgaon lives in these highrise societies built by private developers likeDLF, Unitech, Emaar MGF, among several others.
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