International City at Gurgaon

THE TIMES OF INDIA, Dated: 29 July 2014

International CityInternational City: Sector-109, 106, 108, Gurgaon

SOBHA DEVELOPERS LTD.: 5th Floor, Rider House, Plot no 136-P, Sector 44, Gurgaon 122003

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Dubai industrial rents up 25% amid shortage of stock

Industrial rents in Dubai have risen by 25 percent in the past year, according to a new report by real estate consultancy Knight Frank.

Its report said rental values in seven out of nine districts tracked in Dubai had seen double-digit increases over the past year.

Class 2 buildings in Dubai Investments Park, Jebel Ali and Ras Al Khor were the best performers, with rents up on average by 41 percent year-on-year in the second quarter of 2014. Continue reading

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The Jewel at Noida

The JewelThe Jewel: Plot No. 14, Eco City, Sector-75, Noida

DASNAC DESIGNARCH: C-62, Preet Vihar, Second & Third Floor, Vikas Marg, New Delhi

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Eldeco Mystic Greens at Greater Noida

Eldeco Mystic GreensEldeco Mystic Greens: Omicron, Greater Noida

ELDECO INFRASTRUCTURE & PROPERTIES LTD.: 201-212, llnd Floor, Splendor Forum, Jasola District Center, New Delhi

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Delhi-ncr sees 11% rise in office space demand

IT/ITES sector is primary driver for office space indicating that economy is recovering from slowdown, says report

New Delhi: Office space absorption rose 11% to 1.38 million sq ft in Delhi-NCR during the April June quarter. The rise is primarily driven by higher demand from the IT/ITeS sector, though rentals remain under a cloud, global property consultant DTZ said on Sunday.

However, quarter-on-quarter, the absorption actually fell by 18%. Continue reading

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3,600 EWS flats off list, govt seeks to scrap 9,000 more

New Delhi: Realizing that it could not meet the deadline set by the Centre for building houses for the poor, the Delhi government wants to drop the construction of 9,000 flats.

These EWS flats are part of some 68,000 low-cost flats sanctioned by the previous UPA government under its flagship Jawaharlal Nehru Urban Renewable Mission (JNNURM) scheme.

The estimated cost of these projects was Rs 3,244 crore. Fifty per cent of the amount had to be borne by the central government. Continue reading

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Metro builds piers on busy NH-2 without hindering traffic flow

DMRC works late at night for a week when movement of traffic on Mathura Road is minimal

The Delhi Metro recently achieved a construction feat of sorts. It erected piers for the elevated metro tracks on the busy Mathura Road (National Highway 2) without obstructing traffic even for a minute.

The civil construction team of the Delhi Metro transported heavy beams from the casting site to the construction site and erected them using heavy machinery during late night Continue reading

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CWG Village flats may be auctioned soon

New Delhi: Apartments at the Commonwealth Games Village, one of the most sought after addresses in Delhi before the complex got sucked into a bureaucratic quagmire, may soon be up for sale to the public through e-auction.

A group of senior DDA officials is learned to have made a presentation to the Union urban development secretary and additional secretary last week, to push for urgent disposal of the remaining flats at the village.

DDA has 374 ready-to-move flats that haven’t been allotted. Continue reading

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