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The largest realty firms will continue to experience a challenging operating environment over the next year characterised by weak cash flows and stagnant prices, Moody's said in a report on Tuesday.
The Union environment ministry's notification says that the eco-sensitive zone around the Okhla Bird Sanctuary has been reduced.
Housing sales fell to 14,250 units during first six months of this year on low demand due to high prices and uncertainty over project delivery.
Piramal Realty will use the money to expand its real estate portfolio, Anand Piramal, executive director of the Piramal Group, told Reuters in a separate interview.
Realty portals are a good help in locating a property but are not of much use in checking sellers' credibility.
Unitech plans to raise about Rs 200 crore from private equity players
Rental values have seen an average increase of 3 per cent in the January-March quarter compared to the same quarter in the preceding year.
A Parliamentary Panel has recommended a slew of measures favouring property buyers under a new law which will cover projects of 500 sqm or eight flats.
JLL India has declared Noida Extension, Greater Faridabad and Delhi's L & J zones as 'high-caution' areas.
The court also set up a committee to assess the ecological and environmental damage caused by the seven developers and submit the report within 45 days.
According to a survey by property consultant CBRE, office space in Delhi's central business district (CBD) of CP is available at $157 per sqft.
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