Delhi-NCR
The real estate companies are transferring funds from housing and other projects towards election campaign contributions. As compared to other sectors the developers are depending on connection with the government to acquire land or win contracts. If the developers support the campaign of the winning party the return is huge for the developers. Mr. Santhosh [...] Continue Reading »
The Election Commission (EC) has issued a show cause notice to DDA officials for disobedience of the Model Code of Conduct. On issuing the show cause notice to SK Jain, director/nodal officer, Land Management West Zone, Delhi Development Authority (DDA), New Delhi District Election Officer Ameya Abhyankar has directed to explain the situation which is [...] Continue Reading »
A report says during the period of 2013, the housing prices decreased by an average of 8 percent as compared with the previous year. The reduction of prices is due to political uncertainties. According to the report, Delhi-NCR is the most demanding property location in India. While the present economic conditions and political uncertainty is [...] Continue Reading »
Delhi’s last marshland of 20 acers is under threat because of construction of new flats and shopping complex. The site is located at Dheerpur in north Delhi, close to the Yamuna, where the government has sanctioned to construct 5,000 flats, shopping complexes and other facilities for Delhi Police officers. Environmentalists have raised the voice against [...] Continue Reading »
The nine-member committee constituted by the cabinet secretary of the Punjab and Haryana High Court articulated displeasure with looking for shifting of the grenades dump at Gurgaon and Faridabad. As per the division bench of Chief Justice Sanjay Kishan Kaul and Justice Arun Palli the committee should be made in the name of Municipal Commissioner [...] Continue Reading »
DLF is coming up with Prime Towers in south Delhi in Okhla, with a target to bring in a new classification to the commercial-cum-retail space in the capital. The completely air-conditioned and vast eight storey commercial space of area approximately 1.95 hectares, is suitable for investors, retail brands, MNCs and bank. The main tower is [...] Continue Reading »
In the permission given to the country’s largest real estate company DLF to construct a high-rise luxury apartment complex in the vicinity of Rashtrapati Bhavan, the CBI has not found any criminality which had led to security concerns. In July last year, the CBI had registered a preliminary inquiry against unknown officials of Urban Development [...] Continue Reading »
A lease extension for the fourth time to run the Taj Mahal Hotel at Delhi’s tony Mansingh Road may be acquired by The Tata Group-owned Indian Hotels Company (IHCL), as the New Delhi Municipal Council (NDMC), the land-owning agency, cannot hold an auction once the model code of conduct for the general elections kicks in. [...] Continue Reading »
To stop the increasing slums in national capital and to replace them with the affordable housing for those who belong to weaker section is a major promise made by all political parties for the coming elections. Even after the completion of this project, houses are not allotted to their rightful owners. With the model code [...] Continue Reading »
The objection for construction of the apartment building in the vicinity of the Rashtrapati Bhawan has been withdrawn last year by the Central government. The change of land use, which was necessary for real estate major DLF to construct the building has also approved by the the Union urban development ministry. Earlier there were reservations [...] Continue Reading »
