Illegal farmhouses sprout in Aravalis

Written by Jayanta Thursday, 21 November 2013

( 0 Votes )NEW DELHI: Around two dozen farmhouses have come up illegally in the Aravalis without prior government approval while hospitality and adventure companies have built tourist facilities including swimming pools in the restricted zone, particularly in Roz Ka Gujjar adjoining Damdama lake. After conducting surveys of the violations in areas falling...

Festival season bypasses real estate

Written by Jayanta Wednesday, 20 November 2013

( 0 Votes )The real estate sector witnessing weak demand and burdened with oversupply in various pockets across the country looked up to the festive season this year to bring back some cheer. Dussehra and Diwali are behind us, and initial reports suggest that the season did not turn out as expected. While the industry tried hard to get the attention of...

Slow sales, high inventories and costs?weigh?down Unitech, HDIL

Written by Jayanta Wednesday, 20 November 2013

( 0 Votes )While Unitech’s net profit fell 48% to Rs.49.2 crore, HDIL posted 69.6% decline in net profit to Rs.42.7 crore in September quarter Mumbai: Unitech Ltd and Housing Development Infrastructure Ltd (HDIL), among India’s largest listed real estate developers, reported steeply lower profits for the September quarter, reflecting the pains in the sector t...

Sixteen top realtors get notice for deficient power infrastructure

Written by Jayanta Wednesday, 20 November 2013

( 0 Votes )GURGAON: Power discom Dakshin Haryana Bijli Vitran Nigam (DHBVN) has issued notices to sixteen leading builders for deficient power infrastructure in their housing and commercial projects in Gurgaon, asking them the reason for not setting up the required number of sub-stations. These large private housing societies at present procure bulk power...