The study further said the mid-range housing segment is expected to drive the maximum demand of 45 per cent.
CIDCA is headed by Luo Zhaohui, the former vice foreign minister and ex-ambassador to India.
As per the Chief Minister's official schedule, Siddaramaiah will be leaving for Delhi by a special flight at 6:30 pm, and will halt in the national capital tonight.
A 51-year-old woman died of swine flu at a private hospital in Delhi, doctors said on Friday.
Despite aggressive marketing and offers made by real estate developers during the days before Diwali, investments in property have remained lukewarm due to high prices of houses in and around the National Capital Region (NCR), according to a survey by industry body Assocham.
Greater Noida and Faridabad have left Gurgaon way behind in growth when it comes to absorption or sale of residential units and project launches.
Hailstorms were reported at various parts of the national capital including Palam, Chilpighat and Ayanagar, the IMD said.
At least 28 people died in rain-related incidents Sunday as heavy downpours lashed north and northwest India, causing landslides, traffic chaos and house collapses, as well as a dam breach which inundated several villages in Haryana.
Supertech is just one among the many real estate players returning to commercial projects.
While it hit the national capital two days before schedule, its entry into the financial capital is two weeks late, the Met office said.
With the recent Budget announcements, the sales in the affordable segment are expected to increase.
Hours after Desai said that the draft is ready to be submitted to the state government, Chief Minister Pushkar Singh Dhami said the Uniform Civil Code will soon be implemented in Uttarakhand.
The Delhi Pollution Control Committee (DPCC) also issued guidelines for implementation of the ban on firecrackers, which included directions to the Delhi Police to register a first information report against the violators of the ban.
Authorities have suspended civil construction works in Delhi and Haryana as part of emergency measures to improve air quality.
The Central Bureau of Investigation on Wednesday registered a fresh case in connection with alleged irregularities in construction of indoor courts at Sri Fort sports complex for Commonwealth Games and carried out searches in Delhi and Mumbai.
Green think tank Centre for Science and Environment (CSE) said the ongoing smog episode is a public health emergency.
Business Standard brings to you a snapshot of average current rates and unit sizes in localities that offer property in the price range of Rs 2 crore (Rs 20 million) to Rs 4 crore (Rs 40 million).
The currency notes allegedly given as bribe to three Bharatiya Janata Party lawmakers have been traced to some banks in the National Capital Region of Delhi region and not to a Bhopal-based branch of a public sector bank, sources in a Parliamentary committee have claimed.
At a time when diesel-powered vehicles have been driving sales in the country's otherwise sluggish automobile market, the industry has been hit by a double whammy.
A plea has been filed in the Supreme Court over alleged "blatant hate speeches" calling for killing Muslims and their social and economic boycott delivered at rallies in different states, including Haryana where recent communal clashes claimed six lives.
Business process outsourcing companies in the National Capital Region are being forced to set up centres in other parts of the country and lower their hiring rates on account of higher retention costs and capacity bottlenecks.
Setting a new benchmark for apartments in the super-luxury segment in the national capital region, a local developer is offering 7,672 square feet of super area at a basic price ranging between Rs 13,500 and Rs 14,750 per square foot (sq ft), the highest in the region. The property is attracting keen interest in the market and analysts said it indicates the market for luxury properties remains strong as ever.
'In the new coalition government, India's reform agenda may prioritise job creation and factor market reforms.'
In a seeming bid to preempt any move by yoga guru Baba Ram Dev to stage a demonstration in Uttar Pradesh, the UP administration clamped Section 144 of CrPC in all districts falling under the national capital region late Monday evening. Under this section, assembly of four or more persons at any public place is banned.
'There is no immediate threat to the government, and they would prefer the growth agenda.'
This is a good opportunity for long-term investors to pick quality small and midcap stocks at reasonable valuations.
Prime Minister Narendra Modi will release cheetahs being brought from Namibia in Madhya Pradesh's Kuno National Park on Saturday morning, an official said on Friday.
An anonymous call threatening to kill Prime Minister Dr Manmohan Singh and Bharatiya Janata Party patriarch A B Vajpayee have prompted security agencies to conduct searches in the National Capital Region to identify the caller, sources said on Wednesday.
Well-known companies like Wipro, ITC, Patni Computers, Spectral Services and many others have received permission to work on 'green buildings' in industrial zones of the National Capital Region like Noida and Gurgaon. Green buildings consultancy company SGS Pvt India Ltd Head Avinash Kumar said there are about 40 buildings in the country that fall under the green category and atleast 10-12 companies are in place that cater for such requirements currently.
After BigBasket, another online grocery retailer, MyGrahak, is scouting for private equity (PE) investment to fund its expansion plans.
Immigration officials at Mumbai's Chhatrapati Shivaji International Airport detained mine owner and Karnataka MLA Santosh Lad on Thursday morning while he was on his way to Dubai. Lad, who represents the Kalaghatgi constituency in Dharwad, was wanted by the Delhi Police in connection with a cheating case.
The CBI on Tuesday carried out searches at 20 premises of DDA and CPWD officers besides that of a private firm in connection with alleged irregularities in laying of synthetic turf for lawn bowl event during the Commonwealth Games.
According to the police, these villages have never seen unfurling or hoisting of the national flag since 1947, but that will change when its residents will join the rest of the country in celebrating Republic Day, which commemorates the day when the Constitution came into effect in 1950.
In his address at a ministerial meeting of the SCO in Moscow in the Russian capital, Singh also referred to the Second World War and said its memories teach the globe the 'follies of aggression' of one state upon another that brings 'destruction' to all.
A day after rampant cracker bursting on Diwali night, the residents of the Delhi-region woke up with itchy throats and watery eyes as a thick layer of acrid smog engulfed the region on Friday, November 5, 2021
Housing sales dipped by more than half in the first quarter of 2012 in Mumbai and national capital region due to high prices and uncertain economic conditions, and a continued downtrend could force builders to sell homes at up to 20 per cent cheaper rates, says a report.
However, Bengaluru is on a high with the share of IT/ITeS in the total office space transaction rising from 55 per cent in 2011 to 75 per cent till May 2012, according to data by DTZ, an international real estate research firm.
"I do not think prices can come down because costs are high. We have not seen any decline in prices so far, says Adi Godrej"
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