Real estate market news in Delhi has become an absolute necessity for real estate developers and investors. With the commonwealth games just round the corner in 2010, the pace of property development is given an unprecedented boost to catapult the status of the city. The arrival of Metro rail and its ongoing expansion plan to include all the major areas of the city have driven builders and developers to bring world class standards in the development of residential and commercial properties in Delhi .
Thus, the face of real estate market in the city is changing too fast. Only a reliable source of quick real estate news in Delhi will keep you ahead of the changing times. Websites have become a good source to procure property news and information in a convenient way. With just a few clicks, you are at the doorstep of loads of information and latest real estate news. Over the years, the site indiahousing.com has carved out a niche in the domain of real estate websites and portals by providing a one-stop solution to all kinds of property needs. In order to keep you informed about the latest development, we are bringing you the real estate market news at your fingertips.
Connaught Place among world’s highest rentals: The rental values of commercial properties lying in Cannaught Place have moved up sharply in recent times to include it among the list of world’s ten most expensive markets. Connaught Place now stands at eighth position of the global indices in terms of property rentals.
Residential rentals increased by 13 %: The first three months of the year 2008 has seen an appreciation of 13 percent in rental values of residential properties lying in central Delhi. The reason for the increase is cited to be the rising demand of residential properties by expatriates.
Paramount Group to launch three new projects : Paramount Group, a leading real estate developer based in Delhi, has decided to invest Rs. 1100 crore for the development of integrated townships and housing projects over the next two years.
Construction of third floor permitted by SC: The Supreme Court has now given permission for the construction of a third floor on the condition that it should adhere to the FAR (floor area ratio) norms defined in the Master Plan for 2021.