commercial property

Withdraw OCS Or CCS Given To Incomplete Projects

As part of a landmark judgment, the Haryana Real Estate Regulatory Authority - Gurugram bench has asked the Town and Country Planning Department (DTCP), Haryana, to withdraw the Completion Certificate (CC), or Occupation Certificate (OC), issued to projects that are yet to complete the development. The authority has also asked DTCP to initiate an inquiry as to how such certificates have been procured...

OYO appoints Rohit Kapoor as head of its New Real Estate Business

Hospitality chain OYO Hotels & Homes has named former Max Healthcare senior executive Rohit Kapoor as the head of its new real estate business, the Gurgaon-headquartered company announced on Tuesday. The appointment, effective December 6, will see Kapoor spearhead new real estate business opportunities for the company, which will include exploring new domains and categories, and other strategic...

Office leasing dips 46% q-o-q in NCR in Q3 2018: Report

The National Capital Region (NCR) witnessed an overall leasing of 1.72 million sq ft, a decline of 46% quarter-on-quarter, according to a recent report by Colliers International. The gross absorption was recorded at 7.65 million sq ft in the first nine months of 2018, the company said in a media release. "Despite a quarterly decline in leasing across NCR, the year-to-date numbers indicate notable growth...

Essentials To Know About the Property Transfer

Nothing can match the joy of buying a Property! We all take months to finalize a property, and then invest our hard-earned money and life savings in buying a Home. But that’s not where your Home buying journey ends. Most of us are unaware of the post-purchase paperwork that we would need to complete. Managing the countless legal paperwork which one requires to do for buying a Home is an extremely...

India Office Leasing Tops 32 Million sq.ft. in First Three Quarters Of 2018

With sustained interest from occupiers led by the technology sector, commercial leasing activity across India has crossed 32 million sq ft, up 7% from a year ago, across India’s top 8 property markets in the first three quarters of 2018. Office space absorption during the September quarter rose 3% from a year ago and 12% sequentially to 10.9 million sq.ft.with Mumbai, Bengaluru, Hyderabad and NCR...

Agreement for Sale versus Sale Deed: Real Estate Basic

While buying a property, people enter into an agreement with the seller. The form and format of the agreement may be different. It may either be an agreement for sale or it may be a sale deed. People generally do not understand the difference between these two documents and treat both as synonymous. However, it is not so. WHAT IS AN AGREEMENT FOR SALE? An agreement for sale is an agreement to sell a...

Supreme Court Construction ban may take toll on Development

The development could grind to a halt in Maharashtra, Madhya Pradesh, Uttarakhand, Chandigarh and elsewhere following a Supreme Court ban on construction in parts of the country, delaying deliveries and hurting property companies and allied industries besides putting people out of work. The real estate industry said it’s being punished for state inaction over solid waste management. “It will choke...

Stuck in Selecting the Right Builder? Check these 6 Simple Steps.

Selecting the right builder is half the work done while buying a property. However, buyers often tend to overlook this factor as budget and location top of their checklist. However, unless one is a seasoned investor, it is quite easy to fall for the glossy brochures, sweet-sales talks, and snazzy model projects. This is because we often don’t ask the right questions. Can this builder deliver what I...

Development Process in Delhi Being Given Green, Sustainable Direction

Minister of State (Independent Charge), Housing and Urban Affairs Hardeep Singh Puri on Sunday said the creation of new urban spaces needs to be green and resilient and stated that the development process in Delhi is now being given a green and sustainable direction by the Ministry of Housing and Urban Affairs. Mr. Puri stated after inaugurating the 'Van Mahotsav' celebrated by the Delhi Development...

Delhi’s Connaught Place World’s Ninth Most Expensive Office Area: Report

Connaught Place in Delhi is the ninth most expensive office location in the world, a CBRE report said here on Wednesday. "Delhi's Connaught Place moved one notch up to be the ninth most expensive office location with an annual prime rent of $153.26 per square feet from last year's tenth most expensive office location," said the report titled "Global Prime Office Occupancy Costs 2018". Meanwhile, Mumbai's...

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