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What will be the effect of the upcoming smart cities on the real estate of Punjab?

Latest Answer: Hi, It seems to me a good topic for discussion. yes, policy decisions taken in recent years, particularly in 2016, have laid the foundation for a stronger real estate sector across the nation. These include the Smart City concept, Housing for All by 2022, tax reforms such as the Goods and Services Tax (GST), and implementation of sector specific laws to enforce transparency. The Real Estate Regulatory Act (RERA), the Benami Transaction Act, digitisation of land records, demonetisation of high-value currency notes are classic examples of the last category.
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What is Occupation Certificate?
Q: Recently I heard from news that occupation certificate was granted by High Court to Gurgaon builders.

occupancy certificate
huda
chandigarh real estate
punjab & haryana hc
gurgaon real estate market
Latest Answer: Hi Mr Surinder, The High court had restricted the Haryana government from providing the occupation certificates to the builders in these sectors till they guaranteed basic amenities in houses, such as drinking water. The court had forced the ban as the developers as well as the Haryana Urban Development Authority had neglected to make plans for providing adequate water in these sectors.
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Instant mutation while purchasing a land in Haryana.
Q: Haryana Government initiated mutation to buyers after buying of land.

property registration
mutation of land
haryana government
chandigarh real estate
revenue department
Latest Answer: Hi Guys, As per sources, Mr Dalip has also declared that land has been acquired for the Hisar to Dabwali road work for which nearly 232 crore will be given as compensation to land owners. Already 195crore had been distributed among farmers. State government has issued revenue survey(girdawari) to estimate the loss caused to crops because of unseasonal rain. Compensation will be distributed among farmers with in 15days.
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Regularize changes in residential houses in Chandigarh.

resident welfare association
noc
chandigarh real estate
lease hold
freehold property
chandigarh housing board
Latest Answer: Hi Guys, The CHB had chosen November 12, 2012 that in future all kinds of transfer cases, no-objection certificate (NoC) for selling property and conversion from leasehold to freehold as well as execution of conveyance deed will be managed strictly when taking the most recent investigation report with respect to building violations.
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External development charges of 11000 cr to be collected from Haryana Developers.
Q: This amount was not collected from the licenses granted by department of town & country planning .

haryana real estate
huda
dtcp
edc
chandigarh real estate
haryana government
chandigarh real estate
t cube chandrathara phase 2
Latest Answer: Hi Mr Baljeet, HUDA spends this cash as external development works as outlined in Haryana Development & laws of Urban Areas Act, 1975. HUDA generated resources, together with External Development Charges (EDC), of Rs 32,039 between 2004-05 to 2013-14 against, that the expenditure toward land acquisition and development works collective Rs twenty nine,051 crore.
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Haryana Govt. launched online registration of land deals in all tehsils of the state.

haryana real estate
online registration
haryana government
chandigarh real estate
land and plots
plot allotment
e-stamping
Latest Answer: I came to know from news paper that, according to additional chief secretary (revenue) Dalip Singh, the department has so far given 10,211 appointments under the new system, out of which 8,208 registries were done the same day. A maximum of 1,613 registries were delivered in Jagadhari followed by 1,560 in Karnal. Aiming to strengthen the online registration system further, the government would also launch e-stamping of property registration from March 15.
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Smart Cities in India- Chandigarh may become first smart city .

chandigarh municipality
satellite city
smart city development
property news chandigarh
residential property in chandigarh
Latest Answer: Yes, to get appropriate result, govt. should support those cities or state first. Government grants will be leveraged to attract funding from internal and external sources but unless there is a possible business model or guarantee from the centre, this would not be easy. Also, the track record of Public Private Partnership projects is at best mixed and when there would be multiple parties associated like the center, states, local bodies and private entities, the task would be even more challenging.
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575 builder are directed by Haryana Govt. to register sale or conveyance deeds of transferred properties within 20days.

stamp duty
sale deed
conveyance deed
haryana government
chandigarh real estate
property register
Latest Answer: Hi Mr Singh, Complaints were received from the allottees alleging that colonisers have collected a huge amount from them on account of registration charges or stamp duty for executing sale deeds of the plot, flat, shops and office space in their favour, but the said sale deeds or conveyance deeds have not been registered till date. If the builders or coloniser licensees fail to comply, then penal action against them will be initiated in accordance with the provisions of law.
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Punjab and Haryana high court issued a notice to the state asking why Manesar-Bawal land acquisition was cancelled?

chandigarh municipality
land acquisition
chandigarh properties
chandigarh real estate
punjab & haryana hc
Latest Answer: Hi Guys, As per my knowledge, challenging the government's decision, petitioners on Friday informed the HC that the decision to set aside the land acquisition process was taken because of political reasons. It was alleged that some MLAs of the ruling party wanted to shift the project to Ateli to benefit their area.
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Blackstone's REIT to property
Q: American private equity fund Blackstone has begun the process of grouping all the property it holds in India into a real estate investment trust, or REIT.

real estate investment trust
reits
blackstone
blackstone properties
blackstone properties in india
3c group
oxygen sez
noida-greater noida expressway
Latest Answer: Blackstone now has 27 million sq-ft. of commercial space that is operational and 6 million sq-ft. under construction. As per Anshul Jain, chief executive, DTZ, a real estate advisor, developers in India that have put in a lot of effort over the past 10 years are now looking for a natural exit. For funds, investing in such important income-producing assets is one of the safest options.
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