RWAs in Delhi write to LG for vaccination camps inside their colonies – ET RealEstate

Picture used for representational purpose only NEW DELHI: To avoid rush at vaccination centres and minimise the chances of Covid-19 transmission, residents’ welfare associations from over 55 localities have sent a joint petition to the LG for giving permission to hold vaccination camps for people above 18 in their areas. “We appreciate government’s efforts to […]

Top eight Indian cities record 9% on-year rise in Jan-Mar housing sales – ET RealEstate

Top 8 tier I Indian cities have recorded 9% on-year rise in residential sales at 69,697 apartments in the first quarter ended March led by activity in Mumbai region and Pune, showed data from Liases Foras Real Estate Rating & Research. In terms of growth, sales in Chennai witnessed maximum on-year growth of 31%, followed […]

Incuspaze launches 500-seater capacity office in Kochi – ET RealEstate

NEW DELHI: Incuspaze, a managed office space provider, has launched over 500 seating capacity centre in Kakkanad, Kochi. The new facility was launched in two phases of 300 and 200 seats respectively, the company said in a media release. “Ever since the outbreak of the Coronavirus, companies are demanding more flexible options in CRE, with […]

Price difference between completed, under-construction flats narrows to 3-5%: Report – ET RealEstate

NEW DELHI: The price difference between completed apartments and under-construction flats has narrowed down to 3-5 per cent as against 9-12 per cent in the calendar year 2017, as prospective homebuyers’ preference is shifting towards ready-to-move-in units due to risk factor, according to Anarock. According to a report by Anarock, one of the leading property […]

Delhi: CPWD invites bids for office buildings at cost of over Rs 3,000 crore – ET RealEstate

NEW DELHI: The Central Public Works Department (CPWD) has invited bids for three new office buildings under the Common Central Secretariat project along Rajpath at a cost of Rs 3,269 crore and another Rs 139 crore has been kept for five years’ maintenance. These buildings will have to be completed in 24 months from the […]

Group housing societies in NCR set up isolation facilities with oxygen beds – ET RealEstate

Representative Image NEW DELHI: Spike in coronavirus cases has forced many group housing societies across Delhi NCR to take the driver’s seat and handle the crisis. Many self-motivated residents have become social workers and formed groups for catering to multiple daily needs related to medical supply, food, vaccination registration and other emergency helpline numbers. Residents […]

Embassy REIT expedites office property construction – ET RealEstate

Embassy REIT has said that large corporate clients have started soliciting request for proposals (RFPs) for 2023-24 and the company has expedited construction to meet future office space demand. “This is the opportunity to build the product and keep it ready. We are constructing 57 lakh sq ft in Pune, Bengaluru and Noida with the […]

Fresh wave of coronavirus cases slows down office space leasing, firms put plans on hold – ET RealEstate

Corporates are again going to wait-and watch mode and putting the office space leasing decision on hold as the fresh wave of covid has created the uncertainty, according to property consultants. Office space leasing has already been slow since the imposition of first lockdown and companies shifting to work from home for long term. With […]

Jaquar’s Rajesh & Ajay Mehra buy three farmhouses in South Delhi for Rs 235 crore – ET RealEstate

Brothers Rajesh Mehra and Ajay Mehra, directors of India’s premium sanitary ware company Jaquar, have bought three farmhouses in Delhi’s Westend Greens for around Rs 235 crore, three people aware of the deal said. The farmhouses bought by Mehras, who entered Forbes India’s rich list in 2019, are spread over 2.5 acres each. Sprawling farmhouses […]

DDA gives preliminary nod to master plan-2041 for Delhi – ET RealEstate

NEW DELHI: The advisory council of the Delhi Development Authority (DDA) on Tuesday gave its preliminary approval to the draft Master Plan for Delhi-2041. The draft will now be put in the public domain for inviting objections/suggestions from the people of Delhi, said a DDA spokesperson. The DDA has prepared a draft MPD-2041, giving more […]