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Delhi-NCR

Unauthorised Colonies Residents Can Apply for Ownership In Delhi

Unauthorised Colonies Residents Can Apply for Ownership In Delhi
Unauthorised colonies residents of Delhi will be able to apply for ownership rights starting 16th December 2019, said Union Housing and Urban Affairs Minister Hardeep Singh Puri on Saturday during the launch of a portal which will define and delineate the boundaries of 1,731 unauthorised colonies here using satellite imagery. The applicants will get the [...] Continue Reading »

SBI & Finance Ministry Plan Priority Status for Real Estate AIF

SBI & Finance Ministry Plan Priority Status for Real Estate AIF
State Bank of India (SBI) and Finance Ministry (MoF) are exploring for a legal frame where the suggested Alternative Investment Fund (AIF) for strengthening delayed housing projects will have the first charge on assets and cash flow of companies getting funding. That will finance 1,600 delayed housing projects carrying 4,58,000 housing units across the country. [...] Continue Reading »

South Delhi civic body penalizes violators for dumping construction waste

South Delhi civic body penalizes violators for dumping construction waste
 NEW DELHI: South Delhi Municipal Corporation has begun a unique drive to penalize violators discharging construction and demolition trash in the public throughout the night. On Wednesday, administrators from the civic means grabbed five such insolvents and yielded their circumstances with the Delhi Pollution Control Committee.   “Despite clearly considering the situations where somebody can [...] Continue Reading »

To Get Central Bailout Package, Noida Projects Need UP Support

To Get Central Bailout Package, Noida Projects Need UP Support
The center’s Rs 25,000 crore relief package is as of now out of reach for most critical housing projects in Noida. A real estate market that badly needs a relief package from the govt because most of the projects do not meet the eligibility clause. The central fund can only be utilized to complete projects [...] Continue Reading »

25K Crore Realty Stress Fund For Mumbai

25K Crore Realty Stress Fund For Mumbai
Mumbai Metropolitan Region (MMR) is the 2nd largest city in terms of stuck housing projects with 92,000 housing units, while NCR (National Capital Region) has 1.76 lakh housing units stuck. Experts assume that the maximum commitment through the government’s Rs 25,000-crore aid can be reached in this region. The city has the capacity to attract [...] Continue Reading »

Funding For Single Housing Project Wrapped At Rs 400 crore

Funding For Single Housing Project Wrapped At Rs 400 crore
A day after declaring Rs 25,000 crore Alternative Investment Fund (AIF) for stalled housing projects by FM Nirmala Sitharaman, has made it clear that residential housing projects facing litigation in High and Supreme Court will not be cover under this funding plan. At the same time, the government suggested homebuyers to interact with lenders for [...] Continue Reading »

Nirmala Sitharaman: Cabinet Approved Rs 25,000 crore alternate fund for stalled housing projects

Nirmala Sitharaman: Cabinet Approved Rs 25,000 crore alternate fund for stalled housing projects
Providing relief to lakhs of homebuyers, FM Nirmala Sitharaman announced an alternative investment fund of Rs 25 crore to help the real estate sector for 1,600 stalled housing projects covering 4.58 lakh units. Government’s aim to give incentive to the real estate market to improve. The decision was approved by the Union Cabinet at a [...] Continue Reading »

Realtors in NCR enter into joint ventures with financially strong developers

Realtors in NCR enter into joint ventures with financially strong developers
Property developers in the Delhi-NCR region are partnering financially strong developers from the country’s South and West to restart stuck realty projects in the backdrop of a constant cash crisis, the powerful Real Estate Regulatory Act (RERA), and the warning of being taken to the National Company Law Tribunal (NCLT). Financially sound companies like Godrej Properties, Prestige Group, and Kalpataru [...] Continue Reading »

Real Estate Regulator Seek More Power to Attach Projects of Unreliable Builders

Real Estate Regulator Seek More Power to Attach Projects of Unreliable Builders
Depressed with builders, the regulators are possible to seek more power under the law to enable them to attach unsold inventories of builders to make them come in line and find directions to finish projects. RERA Authorities from across states have come together in Lucknow and push for revisions in the Real Estate Regulation and [...] Continue Reading »

DMRC beings Work for Delhi Metro Phase-IV

DMRC beings Work for Delhi Metro Phase-IV
With officials issuing Rs 800 crores for this purpose, construction activity on the Delhi Metro Phase-IV is expected to begin in December this year. The construction work may initially origin on the Janakpuri-RK Ashram route, the highest corridor following this period. Tenders will be quickly drifted for two different Aerocity-Tughlaqabad, priority corridors, and Majlis Park-Maujpur.   DMRC beings Work [...] Continue Reading »



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