Light intensity earthquake measuring 4.3 on the Richter scale shook Delhi and adjoining areas of the national capital region this morning.
The epicenter of the earthquake was 10 kilometers from Bahadurgarh, a Haryana town adjoining Delhi, officials said.
People, particularly those living in high rise buildings ran out of their beds as strong tremors shook buildings at around 0442 hrs. Continue Reading »
Real estate major DLF is in talks with tractor company Escorts to acquire its surplus land assets at Faridabad in Haryana. The surplus property of the tractor maker, owned by the Nanda family, is spread over more than 200 acres on the national highway and in close proximity to the Delhi border. Sources close to the development say that the deal could be sealed at Rs 1,500-crore plus.
Continue Reading »
Parsvnath Developers Ltd, one of India’s leading real estate developers has won the bid to develop a commercial project on 18632 sq mt of land at Sector Delta-II in Greater Noida.
The estimated cost of the project to the company including land would be Rs 160 crore. The saleable area would be approximately 3.6 lakh sq ft.
“The property in Greater Noida has a total area of 4.75 acre. The project includes land and construction. The realisation will be around Rs 300 crore, Rs 100 crore revenue is expected in this FY and the balance in the next two years,” said Mr Pradeep Jain, Chairman, Parsvnath Developers Ltd to NDTV. Continue Reading »
Real estate experts in Delhi and satellite towns of Noida and Gurgaon have confirmed that property prices are sliding. So, if you want to get the best property deals, this is the time.
Though on record, the brokers in Gurgaon object to any suggestion that property is becoming cheaper.
“Prices of plots have fallen. Plots that were sold for Rs 55,000-50,000 per yard one year ago can be bought now at Rs 45,000,” a property broker from Gurgaon said on the condition of anonymity. These plots are believed to be in and around Sushant Lok and Gold Souk. Continue Reading »
Textiles firm Pearl Global Ltd said on Tuesday it was in deal with DLF Retail Developers, an unit of DLF, to develop 9.20 acres of land in Gurgaon near Delhi.
The company said in a statement it has cancelled an earlier agreement with Ansal Properties and Infrastructure Ltd to develop the same plot. It did not give a reason.
