JLL Asia Pacific property digest: Delhi NCR
Leasing activity continued to remain strong in suburban micro-markets of Delhi – NCR, while the CBD and SBD saw moderate activity.
Leasing activity continued to remain strong in suburban micro-markets of Delhi – NCR, while the CBD and SBD saw moderate activity.
In yet another jolt to the Uttar Pradesh government’s plan to build a residential hub on 2,000 acres in 11 villages in Noida Extension, the Allahabad high court on Tuesday, July 19, set aside the acquisition of 589 hectares in Patwari village.
The Confederation of Real Estate Developers’ Association of India (CREDAI) has asked builders, whose projects in Patwari have been affected by the high court order, to move the Supreme Court.
Back-to-back quashing of land acquisitions in Noida Extension by court has brought to light the nexus between the authority and builders.
The Allahabad High Court judgment might have raised alarm bells among the developers of Noida Extension, but the moot point remains as to who is actually on the edge-developers or home buyers?
V Square, a Real Estate Development Management Company has launched a commercial project, “114 Avenue”, located at Sector-114, Delhi Extension, Gurgaon.
Bihar Chief Minister Nitish Kumar is under fire for allotting prime real estate in Bihar to relatives of Government officials and Ministers.
The All India Kisan Mazdoor Sabha has demanded that the new law for Land Acquisition being proposed by the Union Rural Development minister should include a complete ban on forced eviction of farmers.
Godrej Properties could look at dilution of promoters’ holding in the company in the next six months.
LIC Housing Finance Ltd plans to launch a Rs 500 crore venture capital (VC) fund for urban infrastructure development by September, according to its Director and Chief Executive Officer, V K Sharma.