Delhi-NCR
New Delhi- The new Real Estate (Regulation & Development) Bill proposes that the real estate developers will have to first seek all the requisite permissions and approvals before they set out to announce their projects and get the buyers to sign up. The proposed Housing Bill makes it mandatory for the builders to get permissions [...] Continue Reading »
The enhanced connectivity of newly opened Greater Noida-Ghaziabad Link Road, an initiative of Ghaziabad Development Authority (GDA), has became the biggest advantage of the Sector Zeta in Greater Noida. This link road has been operational since last year and considerably increased the saleability of Greater Noida, a location that has always suffered on account of [...] Continue Reading »
New Delhi- The highway builder’s apex body, NHBF has written to the Prime Minister seeking to direct NHAI to invite bids only after land acquisition and other clearances are put in place. The letter stated that the sector is going through a difficult phase with a large number of projects yet to achieve financial closure. While [...] Continue Reading »
The opening of Kalindi Kunj Bridge has not only come as a relief for thousands of commuters, but senior Delhi traffic police officers also said that they are relaxed as the situation has become better than before the repairs began. For the last two months, commuters have been facing massive traffic issues across different routes [...] Continue Reading »
New Delhi- Real estate of India hopes to get infrastructure status for affordable housing sector in the upcoming Union Budget 2013-2014. From the past three years the real estate sector has been longing for industry status. The recent tax benefit on home loans provided by the Finance ministry has boosted the industry’s hope. The Budgets [...] Continue Reading »
Residents of various labour colonies in Delhi will be given ownership rights as planned by the government, ahead of Assembly elections. The proposal will be forwarded to Delhi cabinet for approval. Around 4,844 houses of four colonies named Nehru Nagar, Giri nagar, Moti Nagar and Vishwakarma, will be made freehold. AK Walia, labour department minister [...] Continue Reading »
Environmental Clearance (EC), mandatory as per court order, made all construction work at Greater Noida region into a halt. The plots less than 20,000 square metrs are also included in the order criteria. State officials feels, developers are confused about the exact procedure; hence they have stopped the activity. Many projects in the region is [...] Continue Reading »
In the Union budget of 2013-14, the housing minister had asked the finance ministry to raise the tax deduction limit on home loan to Rs 2 lakh from the existing Rs 1.50 lakh. This decision will be a relief to the needful borrowers suffering due to high interest rates. This will also boost the housing sector through this relief [...] Continue Reading »
National Highways Authority of India (NHAI) is seeking to push a relief package for road developers as many are under stress and are finding it tough to raise debt and equity to finance projects they had bagged by offering to pay a premium. Now the agency is looking to get approval for a staggered payment which will [...] Continue Reading »
Delhi Development Authority (DDA) has released almost Rs 120 crore to the South corporation after the North corporation attached its banks account following non-payment of property tax dues. The duo corporation is going through loggerheads over revenue earned from property tax since long. Now north corporation wants its share in the amount released by DDA. Around [...] Continue Reading »
