#RealtyNewsRoundup: Haryana Govt Permits Construction In Green Zones

Realty News Roundup is PropGuide's selection of top stories from the real estate sector.

Top News

The Haryana government has given nod to develop real estate in the natural conservation zone of the Aravalis. According to a letter released by the state government,  the permissions for construction in natural conservation zones given before August 12, 2014 would be considered valid. Read more

One of the leading technology companies, Qualcomm, has leased 3.8 million sq ft of office space in Hyderabad. Being mulled as one of the largest commercial deals of the year, the office space will be occupied in March 2016 and will accommodate 1,000 employees. Read more

Metropolitan Lifespaces, the Pune-based real estate developer, has invested Rs 120 crore in Kolte-Patil Developers' redevelopment project in Mumbai's Vile Parle area. Under the project, Metropolitan Lifespaces will redevelop 2.25-acre Jay-Vijay Society. Read more

Off the frontpage

Real estate developers have slammed the Centre's proposal of maintaining 70 per cent of project's sale proceeds in an escrow account, under the Real Estate Regulatory Bill, 2015. Read more

Xander Group has reportedly sold the Devigarh Palace for a whopping Rs 90 crore. The palace, which is a 39-room heritage hotel and resort situated in Delwara district of Udaipur, was sold to the royal family of Jodhpur. Read more

Opinion

In this opinion piece published on Moneycontrol.com, Ajay Srivastava, CEO of Dimensions Consulting shares that high net worth individuals (HNIs) are now investing their smart money in real estate rather than stocks. He is of the view that the recent decline in stocks has unnerved investors when looking for quick gains.