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Star City mall

Malls are no more magical

From the last two decades, shopping malls have been one of the most enticing destinations for shopping and entertainment. But in the past few months, due to economic slowdown and a bad market scenario, few malls in India have been shutting down or leasing out to corporate offices and banquet halls. The actual boom for […]

CommonFloor Editorial Team

Home sales fall

Decreasing sales and investors put developers at risk

Owing to sluggishness in the economy, many short-term realty investors have been evading timely payments to developers, since they are observing a reduced number of homebuyers, mainly in the suburbs. Speculator-based market Adding to it is the speculators, who tend to overprice the properties in areas where in the real estate demand is mostly a […]

CommonFloor Editorial Team

Luxury real estate gains while rupee falls

Owing to falling rupee that spurred NRI interest in buying properties in India and softening sales which decreased the real estate prices, the luxury real estate market in India has seen enormous growth. It is the right time for investors with big budgets, who have an appetite for some serious real estate investment. From Apr […]

CommonFloor Editorial Team

Delhi-NCR to get an array of road projects

In order to cut down the travel time of commuters and to provide better connectivity in Delhi-NCR, the central and the state governments are coming up with an array of projects including elevated roads and flyovers. Flyover at Hero Honda Chowk, Gurgaon -A six-lane flyover has been planned to be built at the Hero Honda […]

CommonFloor Editorial Team

Changes proposed in EWS housing scheme rules

A change has been made in the development control (DC) rules of Pimpri Chinchwad New Town Development Authority (PCNTDA), which has decided to provide an additional 1.5 FSI, for the construction of Economically Weaker Sections (EWS) houses. In addition to houses built by the authority, the additional FSI would also be applicable to houses that are […]

CommonFloor Editorial Team

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