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DLF, HUDA to invest up to Rs 600-crore on 16-lane road in Gurgaon

| Property, Property News | May 18, 2012

Country’s largest realty firm DLF and Haryana Urban Development Authority (HUDA) have joined hands to construct a 16-lane road covering 8.3 km in Gurgaon at an investment of up to Rs 600 crore to ease heavy traffic flow in the city.

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Ansal Properties & Infrastructure plans to expand townships in Lucknow, Greater Noida

| Property, Property News | May 18, 2012

Real estate developer Ansal Properties & Infrastructure today said it plans to expand its two big townships in Lucknow and Greater Noida by a total of about 4,000 acres, for which it has sought permission from the Uttar Pradesh government.

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Pune Municipal Corporation sets 3-day deadline to distribute property bills

| Property, Property News | May 18, 2012

The Pune Municipal Corporation (PMC) has set a deadline of three days to complete the distribution of property tax bills to citizens. The deadline was announced during the general body meeting held on Thursday. At the meeting, corporators said a large number of people in the city have not received the property tax bills. They can get the benefit of discounts in property tax if they pay tax before May 31.

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13 realty companies like DLF, Parsvnath and Eros bid for Sebi’s Delhi office

| Property, Property News | May 15, 2012

Realty players DLF, Parsvnath and Eros are among the 13 companies, which have put in a bid for the Securities and Exchange Board of India’s new northern regional office in Delhi as the regulator seeks to expand its operations in Delhi.

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‘Mumbai home prices down 9.1% in the year ended March ’12′

| Property, Property News | May 15, 2012

Mumbai’s residential property market has shown a negative growth of -9.1% during the year ended March 2012, according to the latest Knight Frank Prime Global Cities Index that compares the performance of prime sales markets across key global cities.

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GDA: Another bridge will be constructed at Hindon

| Property, Property News | May 14, 2012

GDA: Another bridge will be constructed at Hindon

mjunction eyes Nokia Siemens land in Kolkata to build IT campus

| Property, Property News | May 14, 2012

mjunction Services Ltd, an equal e-commerce joint venture between Tata Steel and Steel Authority of India ( SAIL) plans to acquire a 9 acre plot in Kolkata where Nokia Siemens Networks (NSN) runs a loss-making landline gear manufacturing unit.

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US promise to remove sanctions against Indian entities remains on paper: V K Saraswat

| Property, Property News | May 14, 2012

Two years after US President Barack Obama announced the removal of Indian entities from the sanctions list, DRDO has said that this has remained only on paper and the impact is not even ten per cent in terms of implementation.

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Charges framed in 4,000cr co-operative group housing societies scam

| Property, Property News | May 11, 2012

A special CBI court has framed charges against a former registrar of Co-operative Societies (RCS) and 10 others in a Rs 4,000 crore co-operative group housing societies (CGHS) scam.

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How a big house could become a threat for your retirement planning

| Property, Property News | May 11, 2012

N Pattabhi Ramiah thought of investing in a new house, some years ago when he got a decent sum as his retirement corpus. “The house that I was staying was fetching me around Rs 60 lakhs, I thought of pooling in around Rs 10 lakhs from my retirement corpus and move to larger 2BHK house at Andheri in Mumbai,” he informs.

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