Latest Property News on 'Delhi'
This is expected to prevent fraudulent ownership claims as the records will be available to prove ownership in court. Under the existing system, property ownership details are not available with the authorities concerned. However, real estate observers and sources in the government say getting all records together at one place will be tough and may take many years as there are multiple land-owning agencies in Delhi DDA, MCD, NDMC and gram sabhas. Moreover, the properties in unauthorised colonies are not yet registered.
Investors Scripting Real Estate Recovery
These are investors who are taking an opportunistic view of the situation where prices have corrected considerably in many locations ,” says Sanjay Dutt, CEO business at Jones Lang LaSalle Meghraj (JLLM). He estimates that a good 40% of the stock sold in the last few months would have gone to investors. In Delhi-NCR , this figure might be higher at 50%. “Investors are back in good numbers and before the curve goes up, they want to buy. Some who have bought are already hoping to book profits during this Diwali ,” he adds. This could be a precursor to further improvement in investor sentiments, since investors would take this as a sign to look towards a sustainable run in the future.
Parsvnath Developers Overcome Debt
The New Delhi-based developer aims to sell shares to institutional investors by the end of October, and the stake in a housing project this month to a private equity fund” Parsvnath Developers Ltd plans to sell as much as $100 million (Rs489 crore) of shares and stake in a real estate project as it seeks to trim its debt to one-third by March, chairman Pradeep Jain said in an interview. “The New Delhi-based developer aims to sell shares to institutional investors by the end of October, and the stake in a housing project this month to a private equity fund,”Jain said. In June, the firm got Rs90 crore from private equity firm Red Fort Capital for a stake in a New Delhi housing project.

Indian developers including Unitech Ltd and Indiabulls Real Estate Ltd have raised more than $2.6 billion since April as the Bombay Stock Exchange (BSE) Realty Index more than tripled from a 9 March low. Investors are speculating a decline in borrowing costs and property prices will revive housing demand in a nation with an estimated shortage of 24.7 million homes. “The quarter for the sector has been good, but the sustainability will have to be checked,” said Nitin Idnani, an analyst with Enam Securities Pvt. Ltd in Mumbai. “Any increase in prices may dampen demand
Real Estate Laws and Management
Delhi-based National Law University is starting a one-year post-graduate diploma course in real estate laws and management. According to Ranbir Singh, vice chancellor of the university, it has tied up with Kaden Boriss Legal LLP, a Gurgaon-based corporate and commercial law firm for the same, which is preparing the course material for the proposed course.
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