THE LAND ACQUISITION BILL HAS TO BE VIABLE FOR BOTH FARMERS AND THE ULTIMATE USERS: ASHWANI PRAKASH, EXECUTIVE DIRECTOR, PARAMOUNT GROUP

Paramount group says, "India is considered to be one of the fastest growing economy in the world . The government is also looking for a growth rate of more than 10% which required industrialization and the development of other infrastructures in a big way which is not possible without the availability of land.

DLF reports first ever quarterly loss of Rs 4 cr on slow home sales

DLF, India’s largest real estate developer, posted its first ever quarterly net loss of Rs 4.19  crore for the January-March quarter, weighed down by slowing home sales in a sluggish economy.

Losses of Rs 77 crore in its insurance and hotel subsidiaries contributed to the overall quarterly loss, the company said in a statement late on Thursday.

DLF, which builds homes, offices and shopping malls, has lost about 61 percent of its value since listing on the stock exchange in 2007, underperforming the wider market

DLF was valued by the market at $6.5 billion as of Thursday’s close.

Real Estate Bill: How home buyers stand to gain & lose

Last week, the Union Cabinet approved the draft Real Estate (Regulation and Development) Bill 2013 that allows for the creation of a regulator in the real estate sector. Once passed by Parliament and subsequently ad opted by each state, it will allow for the creation of a real estate regulator in each state (realty being a state subject). While the Bill applies to residential properties, commercial real estate has been kept out of its purview. Let us examine the pros and cons of the draft Bill in its latest avatar.

Paramount City Square - A New Shopping Destination at Noida Extension

Paramount Group, a leading real estate developer launched a retail complex, named ‘City Square’ at ‘Paramount Emotions’. City Square is a part of the 1
2 acre project located at Noida Extension. The complex is spread over an area of 20,000 sq. ft., which will be operational from December 2013 for its residents.
City Square will be a perfect place to shop and dine. The complex will have open shopping areas, anchor stores, kiosks, restaurants and coffee shops. These will be spread over 3 floors of the complex, which will have 13 shops on each floor. There are three varied options of spaces; for shops, the area ranges from 274 sq. ft. to 955 sq. ft. and the anchor stores and restaurants will be of 2285 sq. ft. of area. The cost of these spaces is approximately '4000 per sq. ft.

Property prices in Delhi-NCR up 20% over 2012

Highest growth was seen in Sector-112 in Gurgaon which witnessed about 72% increase in capital values in first quarter of 2013

Delhi and the adjoining National Capital Region (NCR) has seen a 20 per cent rise in property prices over the past year, the highest among all metropolitan regions in the country, according to a report.

Parsvnath goes for rebranding, launches scheme for home buyers

In a fiercely competitive market, a brand has to be constantly updated so that it does not get outdated. “Brands have to constantly adjust, change and find newer ways,” said Pradeep Jain, Chairman, Parsvnath Developers Ltd, while unveiling the company’s new logo. The exercise was part of the real estate company’s new corporate identity.

To realign with its rebranding strategy, the company also announced a scheme wherein a consumer can pay 25 per cent amount of booking while investing in a Parsvnath home like Parsvnath Exotica and the rest (75 per cent) on possession of the housing unit. However, the scheme is only for 20 residential projects which are at several stages of development. These projects are mostly in Delhi-NCR, Sonepat, Dharuhera, Bhiwadi, Rohtak, Ujjain, Saharanpur and Rajpura. Delhi-NCR accounts for almost eight of the total 20 projects.

Future of real estate in NCR

Latest Property News on 'Delhi NCR'

NCR's property market, which is currently witnessing a setback, is all set to regain its lost momentum with the revival in economy. Government is leaving no stone unturned to capitalize on the inherent capabilities of the real estate and infrastructure sector to drive growth and to deliver to its citizens.

In this regard, the private public partnership (PPP) model is increasingly being supported by the government to boost the infrastructural activities in NCR. This cumulative growth strategy involving contributions from public and private sector are expected to revamp the city's environs.