Connaught Place & BKC among the Most Expensive Office Locations

Posted on February 22, 2013 by designer

Connaught Place in New Delhi and Bandra-Kurla Complex(BKC)in Mumbai have been counted among the top and most expensive office locations in the Asia-Pacific region.

Connaught Place: the low class business people are forced to sell their goods in the open market as offices have become hotter here.

Connaught Place: As offices have become hotter here, the number of street-marketers may increase.

According to Cushman & Wakefield’s annual survey titled ‘Office Space Across The World 2013′, Connaught Place in New Delhi and Bandra-Kurla Complex (BKC) in Mumbai are included among the most expensive office locations in the Asia-Pacific region. Surprisingly the list dropped Nariman Point from the top 10 list.

As per the global real estate consultant’s report, Connaught Place; where the yearly cost of office space per sq. ft. was $162, stood second in the top 10 list of the region and fourth in the worldwide list. While with $82 per sq. ft. of yearly cost, BKC ranked eighth in the list.

Meanwhile Nariman Point which was considered as one of the most expensive office locations in India was not included in the top 10 list.

Connaught Place emerged as the fourth most expensive office locations in the world. This is mainly due to the shortage of office space in the area, said Mr. Sanjay Dutt, executive MD, C&W. Continue reading →

Housing Sector Likely to Have Infrastructure Status

Posted on February 21, 2013 by designer

Aiming to provide affordable homes to all the people, the union government is seriously pondering over the matter to confer infrastructure status to the housing sector.

Housing sector is likely to gain infrastructure status soon.

Economically poor and weaker sections of people are on the verge to own a home in near future. This will be possible for them if the union government confers the infrastructure status to the housing sector.

The decision is believed to be taken in the upcoming budget session of the parliament. However the matter is under the consideration of the Finance Ministry and Reserve Bank of India.

A senior official with Ministry of Housing and Urban Poverty Alleviation (MHUPA) said that it is likely that a favorable decision is taken on the matter. The official added that the ministry is planning to offer some income tax exemptions and service tax reductions to the housing sector.

Conferring infrastructure status is believed to boost the housing sector as it will provide easier access to funds. As a consequence, the availability of houses also will be increased simultaneously.

A recent study on the urban housing shortage revealed that in 2012 nearly 18.78 million housing units were short in India. A major share of the shortage was in the medium and low budget housing units.

Housing sector may get infrastructure status in the coming Budget session.

The supply of housing units in the economically weaker section and lower income group fell sharply. The former witnessed a shortage of 10.55 million housing units while the number of the latter was 7.41 million.

The shortage cannot be mended by the government but only by the private developers who find it all the more difficult to construct cheaper homes due to the increased cost of construction. The land also has become so costly that added the cost of construction. Increase in the interest rates also affected the property prices.

The developers have been demanding for infrastructure status for the housing sector for a long while. MHUPA also raised the demand for the same. Conferring the infrastructure status to the housing sector will boost housing sector and the builders will be benefitting from this as it will enable them to own some tax exemptions and other tax benefits.

HC Asks DDA To Probe into the Illegality of Plot-Deals

Posted on February 21, 2013 by designer

Delhi Development Authority (DDA) is asked by the Delhi High Court to probe into illegal residential land dealings including the sale and purchase.

DDA To investigate into the illegality of land deals in the city.

Today Delhi High Court ordered the vice chairman of DDA (Delhi Development Authority), to probe into the illegal dealings of residential plots in the city.

Delhi Development Authority bench headed by Chief Justice D Murugesan; showing inclination to the PIL filed in this regard, ordered the Vice-Chairman of the DDA to look into the matter efficiently and effectively. The HC Bench consisting Justice V K Jain, said that the petition is passed to DDA which will look into the matter seriously.

The residential plots; which are allotted under the scheme of large-scale acquirement, development and selling of land, are illegally sold and purchased in the city. Continue reading →

Bangalore Residential Market Goes Green Now

Posted on February 20, 2013 by designer

Green buildings are slowly becoming the new trend in the Bangalore residential market. Recent reports show that the number of green buildings is increasing in the city.

Green buildings strike Bangalore residential market .

There are totally 41 LEED India-acknowledged green buildings in Karnataka. Out of these 41 green buildings 39 are in Bangalore. Now you realize how Bangalore residential market is becoming green now.

Karnataka has fourth-maximum number of green buildings in India. However there is a good appreciation from the buyers’ side as well. The people in Bangalore demand more for green buildings now and it seems to have become one of the leading trends in Bangalore residential market.

With the highest number of green buildings, Maharashtra is on the top list which is followed by National Capital Region and Tamil Nadu.

According to the industry experts; in India, the number of residential apartments – compared to commercial buildings, will be more by 2030. Continue reading →

HUDA Postpones Plot Allotment: Owners’ Wait Gets Longer

Posted on February 20, 2013 by designer

As Haryana Urban Development Authority (HUDA) has postponed plot allotment in Gurgaon; following the HC order, the wait of the 700 plot owners still got longer.

HUDA postpones plot allotment after the HC order.

Haryana Urban Development Authority was expected to allot the plots to the plot owners last week. However, surprising the plot owners of Gurgaon, HUDA postponed the plot allotment.

All the steps had been completed for the HUDA to announce the draw of lots last week. However due to some reasons HUDA has to postpone the plot allotment for indefinite period of time.

Plot owners have been battling for owning a plot in Gurgaon for a quite long time. They hoped that their battle would get over as HUDA had been expected to announce the plot allotment. Continue reading →

Noida Extension Flat Owners Relieved As NCDRC Stays Cancellation

Posted on February 19, 2013 by designer

National Consumer Dispute Redressal Commission; providing great relief to the flat owners of Noida Extension, has stayed the cancellation of flats by a developer.

Flat buyers of Noida Extension finally relieved as their cancelled bookings were stayed by NCDRC.

Proposed flat owners of Noida Extension finally were relieved as National Consumer Dispute Redressal Commission stayed the cancellation of their bookings. The commission stayed the cancellation of over 100 flats which were allegedly cancelled by a developer.

It was in last month; leaving the flat owners to stay in distress, a developer cancelled the bookings soon after the Greater Noida Master Plan 2021 was approved by the planning board of NCR. Once the Master Plan got the approval, the construction was resumed in the area.

Distressed home buyers of Noida Extension had approached the commission earlier last month against the private developer who cancelled their bookings. Continue reading →

Corporates Move HQs to Bigger Offices As Rentals Fall

Posted on February 19, 2013 by designer

Perfectly utilizing the sluggish realty market and the fallen rentals in the cities many of the corporates are now moving their headquarters to bigger offices where they will enjoy better amenities and facilities loaded with ample space.

Corporates plan to shift their HQs to bigger offices as rentals slightly fall.

Due to the sluggish realty market the rentals have fallen in many of the cities like Bangalore and Mumbai. Seeing this fall of rentals as a good opportunity, many of the corporates are moving their headquarters to bigger offices.

Bigger offices with ample space are also noted for better amenities and facilities. The corporates are sure that they enjoy better amenities now at comparatively an equal amount or slightly higher amount they used to spend for a small office now.

The Corporates feel that the headquarters is the sign of their prestige and status. The fall of rentals in some of the top cities of India has prompted them to think in this way to move their HQs to bigger offices. Continue reading →

Iyyapanthangal in Chennai Entices Buyers With Connectivity

Posted on February 18, 2013 by designer

With infrastructure growth in the area, Iyyapanthangal in Chennai has become one of the most sought after destinations in Chennai. The area now offers better connectivity to the people here.

Connectivity boost the growth of Iyyapanthangal

The home buyers are always keen to know the connectivity of the area. Once they feel that a residential property is located in a location where they can enjoy better connectivity, their sentiments are boosted and they readily buy out the property. This is what happens in Iyyapanthangal in Chennai now.

Iyyapanthangal; an area located in the Sriperumbudur Taluk of Kancheepuram district, has carved a place for itself in the Chennai’s real estate landscape. The growth of the area is mainly due to its improved connectivity and infrastructure development.

Iyyapanthangal is rightly supported by better connectivity and infrastructure. The residents of the location enjoy better advantages as it is situated between the Bangalore Highway and the Grand South Trunk Road which provides better connectivity.

Connectivity and infrastructure development affects the property prices of the area which move upward day by day. The average capital value for the properties here range from Rs.4000 to Rs.6000 per sq. ft. There is an increase in the rental rates of the area as well. Continue reading →

GVK to Monetize Mumbai Airport Land: Modernization Aimed

Posted on February 18, 2013 by designer

To modernize the Mumbai airport; prominent Infrastructure and Power Developer firm GVK plans to monetize the real estate lands of the Mumbai international airport.

GVK plans to monetize Mumbai airport land with the aim to modernize it.

GVK Power & Infrastructure Ltd owned Mumbai International Airport Ltd (MIAL); a firm which is developing the Mumbai international airport now plans to monetize the allowed real estate land for monetizing.

While commenting on the issue, Mr. Isaac George Director of GVK Power, told that the initially GVK will monetize about 2.9 million sq. ft. He added that the process will be initiated by the beginning of June this year. However, he did not reveal the details of the fund expected to be raised through monetization.

The monetization will be finalized only once it gets the approval of Maharashtra Chief Minister,who has already approved the plan as the chairman of Mumbai Metropolitan Regional Development Authority (MMRDA). Continue reading →

BMC Increases Water-Supply: Construction May Get Boost

Posted on February 16, 2013 by designer

Providing relief to the residents of the city, finally Brihanmumbai Municipal Corporation- BMC has announced an increase in the amount of daily water supply.

BMC will increase water supply level giving relief to the residents of the city.

Builders in Mumbai finally had something to cheer and be joyous as they heard the news that the Brihanmumbai Municipal Corporation (BMC- also known as Municipal Corporation of Greater Mumbai) is increasing the amount of daily water supply.

BMC has announced an increase from 90 liters per head per day to 135 liters per head per day. The new level of water supply will be effective from October 1, announced BMC.

Up to last year, finding water for construction was the main concern for the builders. They really had to struggle to find sufficient water for housing constructions in the city. As the civic body increased the daily water supply, the builders will be able to find sufficient water for construction purposes.

In experts’ opinion the decision of BMC will be boosting housing industry to greater extents. However they are sure that the increase in daily water supply is not meant for the builders but for the residents.

BMC will make sure that all the leaking pipes in the city are either replaced or repaired.

For a long time, residents of the city had been suffering from acute shortage of water which is a basic necessity. Mr. Paras Gundecha, Maharashtra Chamber of Housing Industry (MCHI) Chief said that this news is a relief to the residents of the city who struggle with water-shortage.

Mr. Gundecha added that though the consumers are aware of the water shortage, they had no option but to complain about the shortage they faced as it is basic.

Last year, though BMC had promised to bring over 200 MLD of water supply to the city, it could not fulfill the promise due to inadequate rain which drained the water level of the Middle Vaitarna Dam.

A senior civic official from the water department revealed that this year adequate water will be collected and supplied in the city in abundance. The official added that BMC has considered changing old and corroded pipelines which cause the loss of lot of water while supplied.

Bollywood Loses Multiplexes Due To Sluggish Realty Market

Posted on February 16, 2013 by designer

Due to the slowdown in the realty market, Bollywood missed many multiplexes which were supposed to be completed by now. It affected the entire Bollywood industry.

Revenue of Bollywood movies affected as number of multiplexes are lower.

Revenue of Bollywood movies is affected as number of multiplexes are lower.

Bollywood film industry is affected by the sluggish realty market which has halted many mall projects. It is estimated that around 150 multiplexes across the country has not been completed in time due to the slowdown in the realty market.

It is a bad news for any Bollywood fan to hear that real estate market has indirectly affected the Bollywood industry. If the developers are not developing multiplexes, where will the Bollywood movies be shown and the people will be able to watch them. So in short the slowdown in the real estate sector has affected Bollywood, though indirectly.

In India, majority of the multiplexes which contribute a major share of film’s total collection, are built in malls. Once the mall construction has been halted by the developers due to the existing slowdown, the film industry also is affected. According to experts, Bollywood industry might have lost over 150 multiplex screens which would have generated more income to the industry. Continue reading →

SEBI Attaches Sahara’s Assets: Freezes Realty Projects

Posted on February 15, 2013 by designer

Recently Securities and Exchange Board of India- SEBI attached all the bank accounts and realty assets of two Sahara group companies. The SEBI order is expected to freeze the realty projects of the group.

SEBI orders freezing of all properties owned and held by Sahara firms.

Freezing the accounts and real estate assets of two Sahara group companies, Securities and Exchange Board of India attached their properties. The order of SEBI will affect the real estate projects of the firms. Aamby Valley City project, an ultra-luxury township project with golf club and other modern facilities, is one of them.

Under the SEBI order, Sahara India Pariwar’s Aamby Valley project will stand frozen. The villa and timber chalet project; being developed at Lonavala in Pune, spreads over 707 acres. This is considered as one of the major projects of Sahara India Pariwar. Continue reading →

Budget 2013 to Give Hopes to Home Buyers

Posted on February 15, 2013 by designer

Budget 2013 is expected to offer some hopes to the home buyers as finance minister has signaled some special provisions for the affordable housing segment.

Budget 2013 likely to boost affordable housing.

Budget 2013 is expected to be a real estate- friendly budget as there will be some special provisions to boost the housing segment in the country. Union finance minister P Chidambaram has already hinted that the government has plans to confer infrastructure status at least to the affordable housing segment.

Demands of the realtors are many and may have an end for any of them. They seek tax exemptions, lower interest rates for their loans, lowering the cost of finance for construction sector, and so many others. Some of them demand Single –window clearance for speedy approvals.

Besides all the above said demands, realty players have recently asked for infrastructure status to the entire real estate sector as it would enable them to attain some tax benefits. Continue reading →

Real Estate Bill Likely To Protect Flat Buyers

Posted on February 14, 2013 by designer

Real estate bill is likely to protect flat owners and prospective buyers from the unethical and unscrupulous builders. The real estate bill is expected to be presented in the upcoming parliament session.

Real estate bill will give new horizon to real estate industry

The prospective buyers can rejoice finally. They have got a reason to do so as real estate bill is expected to be passed in the upcoming parliament session. It is expected to restrain the unethical and unscrupulous builders from looting the flat owners and buyers.

In the opinion of the experts, harsh and corporal punishment to the builders for fraud behaviors will remove all unethical and unscrupulous practices from the industry as a whole. Real estate sector looks so fine and attractive from outside as it gives new shapes to the cities.

However once the real estate bill is passed, the real estate developers may not be as happy as they used to be. The new real estate bill has provisions to punish the unscrupulous builders for proved fraud behaviors in the industry. Though the builders have demanded for monetary punishment in place of jailing, the decision has not yet been taken. Continue reading →

Morgan Stanley Likely To Invest In Commercial Project

Posted on February 14, 2013 by designer

Morgan Stanley plans to invest in Bandra Kurla Complex, in Mumbai where the firm will develop around 1.6 million sq. ft. of office space. If this deal takes place this will be the first investment of Morgan Stanley in India in the commercial sector.

Morgan Stanley plans to invest in India

Morgan Stanley Real Estate Investing is pondering over the firm’s plans to develop 1.6 million sq. ft. of office space in Bandra Kurla Complex in Mumbai. Mumbai- based real estate firm, Wadhwa Group, initiated construction of the project under which two more commercial towers will be developed by the end of next year.

Though the deal is only in its initial stages now, it would be the first investment by Morgan Stanley investors in the commercial sector of India. Earlier the firm had invested $850 million in India for developing a real estate project. However the project was basically a housing project. And so it would be the first time the American firm will be investing in a commercial project. Continue reading →

GMR To Sell Chennai Technology Park For Rs.150 Crore

Posted on February 13, 2013 by designer

GMR Group, a leading infrastructure company plans to sell its Chennai technology park – Cognizant Technology Solutions for Rs.150 Cr.

GMR Group plans to sell its technology park in Chennai,

Leading infrastructure development company GMR Group plans to sell its Chennai technology park. The deal is supposed to be fixed at a price Rs.150 Cr (approximately $30 million). Their Chennai technology park – Cognizant Technology Solutions is located on Old Mahabalipuram Road (OMR) one of the prominent IT hubs of the city.

Bangalore-based Global Tech Park and a leading chartered accountant in the South are the two strong contenders who have expressed their interest in the project. Bangalore-based Global Tech Park; though leading the race, may have to face stiff competition from the prominent CA.

OMR-located GMR Varalakshmi Tech Park was entirely leased out to Cognizant Group. The total built-up area of the technology park is over 400,000- sq. ft. One of the subsidiary firms of GMR Group own the tech park.

GMR Group is an infrastructure conglomerate which has vast land banks in Bangalore, Chennai and Hyderabad. While a senior spokesperson of GMR Group refused to comment on the issue, Global Technology Park promoter Satish Chandra could not be contacted for the comment.

GMR plans to sell its tech park in Chennai for a sum of Rs.150 Cr.

Global investment firm and the ultra-high net worth CA are vigorously after the deal. Both of the contenders are sure of their returns in the investment. The investment in the park assures easy returns as the park is highly income generating without any involvement of risk-factor. The proposed buyers expect to gain an average returns by 12% per annum.

Blackstone Group, prominent private equity firm, has invested almost $1 billion in the real estate market of India in the last three years. Indian market also saw huge investments by Xander, Mapletree and many others.

These foreign investors have shown interest in Bangalore, Chennai and Gurgaon– areas where real estate grows faster. Such deals are considered as defensive in the real estate market which is said-to-be sluggish these days.

Yamuna Expressway Awaits Approval Of Master Plan 2031

Posted on February 13, 2013 by designer

Seeking approval from the state government, Yamuna Expressway Authority has dispatched a revised draft of Master Plan 2031 for the development of the first phase.

More residential development is likely to come on the Yamuna Expressway corridor.

Yamuna Expressway Authority has dispatched a revised draft of Master Plan 2031 to the state government with some alterations. The altered draft omits plans to build Jewar Airport and the Yamuna Expressway Authority will reserve the set- aside- land for the airport.

Earlier 10,000 hectares of agricultural land was kept apart for the airport construction. Once the plan gets approval, the revisions will be implemented in the sub-regional plan of Uttar Pradesh.

During its last month’s board meeting, Yamuna Expressway Authority had declared that it would send revised master plan to the state government for approval. However the move is believed to follow the State’s CM Akhilesh Yadav’s decision to construct the proposed airport somewhere nearby Agra or its neighborhood. Continue reading →

Property Expo 2013 To Be Conducted In UAE On Feb 15 &16

Posted on February 12, 2013 by designer

Indian real estate developers will exhibit their properties in the Property Expo 2013 conducted in UAE for two days. Property Expo 2013 is expected to be a big success.

Property expo 2013 will be conducted in Dubai on Feb 15 & 16.

For the NRIs property exhibitions are good platforms for to learn and know more about properties located in India. So far they have remained successful in investing their surplus income in their motherland as they come to know about the properties in their motherland. With the same hope they look forward to the upcoming Property Expo 2013.

This year Property Expo 2013 will be conducted in Dubai on February 15 and 16. Dubai-based real estate firm Yard Real Estate and Indian Properties; another leading realtor, will collaborate with each other to host the Property Expo 2013 in Dubai. Continue reading →

FSI Policy In Mumbai Has To Be Reviewed; Maken

Posted on February 12, 2013 by designer

Union housing minister Ajay Maken said that the FSI policy in Mumbai must be reviewed. He said that only by revising the FSI policy is necessary for developing affordable houses.

FSI policy in Mumbai likely to be reviewed.

Union housing minister Mr. Ajay Maken said that the FSI policy in Mumbai as well as in all the mega cities of India must be reviewed. He added that the builders will be able to develop more affordable houses, if the Floor Space Index is raised.

There is a possibility for all the major cities of India to have taller skyscrapers in future. If the FSI policy is revised and the FSI rate is raised, then the mega cities like Mumbai and Bangalore will have taller residential development. In fact vertical development is comparatively less costly and so the buyers may be able to get homes at affordable rates. Continue reading →

Properties In Pune Unsold; Boon For Home Buyers?

Posted on February 11, 2013 by designer

Home buyers look with lure to attain a better one among the many unsold properties in Pune. The home buyers are expected to bargain for the unsold properties in Pune.

Properties in Pune remain unsold. Home buyers see it as a boon.

Vast numbers of properties in Pune remain unsold. Recently residential market in the city has experienced stable property prices for a few couples of weeks. Home buyers consider this as a boost for them as they will have plenty of options to choose from. They are also hopeful of attaining properties in Pune at lower rates through bargaining with the builders.

Global property consultant Cushman & Wakefield’s October-December (2012) quarter residential research report stated that the home launches fell sharply in the last quarter of 2012. Though there was a substantial increase in home launches here in the first three quarters of the year, the final quarter faced around 60% fall in new launches. Continue reading →

Real Estate Sector Wants FM To Lower Costs Of Finance

Posted on February 11, 2013 by designer

Real estate players of India hope that Finance Minister’s upcoming budget will bring down the costs of finance for the construction sector. Finance minister is likely to announce new Budget which is expected to boost the real estate sector on February 28.

Real estate sector wants Financial Minister to lower the financial costs.

Real estate developers expect that the new budget which the Finance minister of India will announce on February 28 will contain provisions to boost the real estate sector. Builders and other realty players expect the cost of finance for the construction will be brought down by the new budget. They demanded that it will be enabling them to provide housing units at lower costs.

Real estate developers are also hopeful of faster clearance for their projects. Many at a time, the delay takes place due to the longer time taken for gaining the clearance. The delay in gaining clearances leads to delayed deliveries. Further the cost also gets accelerated in meantime, developers claimed. All these affect home buyers onto whose shoulders the additional cost is loaded. Continue reading →

DDA Plans Reconstruction Of Dangerous Houses

Posted on February 8, 2013 by designer

Increasing incidents of building collapse prompt Delhi Development Authority (DDA) to reconstruct dangerous and unsafe buildings in the city. However DDA’s plans of reconstruction are dependent on building owners whose consent is necessary for the reconstruction.

DDA proposes a reconstruction of unsafe buildings

Recently Disaster Management Authority conducted a survey on unsafe buildings in the National Capital. Using the survey a team of experts have focused five areas of the city where many buildings are identified as dangerous and unsafe. The team proposed to the DDA that the buildings in these areas have to be renovated or totally reconstructed.

The proposal has already been approved, though only in-principle, by an LG – headed DDA meeting. However the financial matters are to be worked out. Fatehpur Beri, Gandhi Nagar, Kondli, Lal Kuan and Lalita Park are the five areas which have been selected for the reconstruction of unsafe houses. These areas have witnessed a number of building collapses recently. Continue reading →

Blackstone To Buy Bangalore Business Park For $367 Mn

Posted on February 8, 2013 by designer

US-based private equity firm Blackstone, along with two Indian real estate firms, plans to buy Business Park in Bangalore at a price of $367 million (Approximately Rs.19.5 billion).

Blackstone aims to own Business Park in Bangalore.

US-based Blackstone plans to buy Bangalore Business Park for a sum of $367 million. The private equity major is in talks and is expected to buy the Business Park in Bangalore. The deal is said to be over within two or three months.

The Rs.19.5 billion deal is expected to be the largest ever private equity investment in India since 2008. Blackstone, along with HDFC and Embassy Realty group, will equally invest in the Business Park in Bangalore. The Business Park is located in the outskirts of Bangalore. Continue reading →

Mumbai & Delhi; Top The List Of World’s Cheapest Cities

Posted on February 7, 2013 by designer

A recent survey reports that Mumbai and Delhi are included among World’s cheapest cities. Mumbai shared the top-spot with Karachi; while Delhi stood third.

According to a survey; recently conducted by Economist Intelligence Unit, top Indian cities Delhi and Mumbai have found place among world’s cheapest cities.

Mumbai tops the list of all least expensive cities of the world.

Mumbai and Karachi; the financial capitals of India and Pakistan respectively, topped the list of the cheapest cities of the world. They were followed by the Indian Capital city New Delhi which was ranked third. Algiers, the Capital of Algeria and the Capital of Nepal Kathmandu were the other two world cities included in the top five cheapest cities of the world.

Recently Economist Intelligence Unit conducted a survey among world’s top 131 cities. The survey was based on the cost of living. The cost of living was decided on the prices of over 160 items. The list of the items included the transport-fares, utility service charges, and expenses on food and clothing.

Continue reading →

Ghaziabad -Gr Noida Link Rd To Boost Realty In Ghaziabad

Posted on February 7, 2013 by designer

Realty market in Ghaziabad is likely to grow with the arrival of new 22 Km –long link road connecting Ghaziabad and Greater Noida.

Ghaziabad to see real estate growth with the launch of link road.

Ghaziabad will witness the growth of realty in the city. This is made sure with the resume of construction of the Ghaziabad – Greater Noida link road. The 22 Km –long link road will connect the city to the Zeta sector.

The proposed link road is expected to reduce the commuting hours. Further it will take away the amount of traffic on NH-24. As connectivity plays a greater role in any of the area’s real estate development, the builders are already planning to develop projects in this link–road corridor. The area falls under Ghaziabad Development Authority. Continue reading →