The six-acre land parcel owned by Tulip Star Hotel (formerly Centaur Hotel) at Juhu in Mumbai will continue to be entangled in legal battle for some more time, despite the arbitrator allowing termination of sale agreement entered in 2005.
Leasing activity continued to remain strong in suburban micro-markets of Delhi – NCR, while the CBD and SBD saw moderate activity.
If we want to see a regulated real estate business in India, we need to first identify the role of the Government in the system.
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 CII Real Estate Conclave 2011, themed ‘Indian Real Estate Charting a Global Course’, organized in association with Jones Lang LaSalle on June 24, 2011 was a huge success.