New Delhi

This is an update to our last post on the airport series. The original article on the new Delhi Airport focused on Terminal 3 while the renderings below are of the entire master plan.

It's airport day at the India Street. I found this video of the New Delhi airport (Indira Gandhi) on Youtube. A very good presentation.

Below is an artist’s impression of the new interim domestic terminal that will come up between terminal 1A and the arrival terminal. Expected to be completed by June ’08, the 33,000-sq metre complex will have 72 check-in counters

By Vipin Agnihotri

No doubt, state of the art expressways and flyovers have make metros of India sophisticated in nature but the absence of proper pedestrian facility takes away the sheen from them. In my opinion, the problem is grave and needs immediate planning.

By Vipin Agnihotri

By Dr Suvrokamal Dutta

The city of Karnal, located midway between Chandigarh and Delhi, is witnessing a boom in property prices, which by the way is far stronger than that seen in other towns of North India.

By Dhruva Jyoti Chowdhury

Kolkata, India: Just recently, the District Town Planning Department approached the Gurgaon District administration for lodging an FIR against a Delhi builder for indulging in illegal pre-launching of plots through brokers for a colony in the Haryana town. Another Delhi-based builder is under the scanner of District Town Planner, Gurgaon, for collecting money for pre-launch of a Golf Homes project.

The grey market for the initial public offering (IPO) of real-estate major, DLF has become active following announcement of the dates and price band by the Delhi-headquartered company yesterday. The shares of DLF command an unofficial premium of Rs 26-28 a share in Ahmedabad, which is considered as the most active centre for grey market transactions.

The K P Singh-promoted DLF is raising Rs 9,600-odd crore through the IPO. The shares, with a face value of Rs 2 each, would be issued in the price band of Rs 500 and Rs 550.

By Vipin Agnihotri

Home loan borrowers in India have to wait for a bit before they see interest rates softening up. Home loan experts while speaking to The India Street has said that this can only happen if the Reserve Bank of India (RBI) relaxes few of the fiscal curbs it has imposed on banks.

New Delhi, India: Nearly two dozen US funds are raising $3.5 billion for investments in Indian realty. This is over and above the $2.5 billion invested by overseas realty funds in India to date. Those raising the money include Wall Street powerhouses such as Blackstone Group ( $1 billion) Goldman Sachs ($1 billion), Citigroup Property Investors ($125 million), Morgan Stanley ($70 million) and GE Commercial Finance Real Estate ($63 million).