Delhi-NCR
New-Delhi- With the recent approval from the North Municipal Corporation, work on Rani Jhansi grade separator will begin soon. The proposal of the grade separator was initiated by the commissioner to give the Delhi Government the land in exchange to the land which will be procured from the private property owners in areas like Azad Market and Model Basti. Owing to [...] Continue Reading »
New-Delhi- A recent report by an all-India property index stated that the realty prices in Mumbai and Delhi fell by 2.4 percent and 0.9 percent in December. As per another real estate expert, although there has not been a significant drop in property prices, the current trend in cities like Mumbai and Delhi-NCR might continue based [...] Continue Reading »
Indian banks are allowed to issue 30-year fixed rate home loans under the priority sector category in order to make loans more affordable, announced a Reserve Bank of India panel. A rating agency issued a warning that banks were lending long-term loans with one-year deposits due to which asset-liability mismatches are significantly high for some [...] Continue Reading »
New-Delhi- Delhi will now go vertical by tripling the floor area ratio (FAR) from the present 200 to 600. The planning body of the city will now make the houses of the poor and the middle class go vertical due to the growing housing shortage. The urban development ministry administering the city’s civic urban planning [...] Continue Reading »
New-Delhi- A state consumer commission has directed the Delhi Development Authority (DDA) to either provide a flat or pay Rs. 30 lakh to one of its allottees, as the unit allotted to him has been sold to someone else. However, it was stated by the Delhi State Consumer Commission that the confirmation amount demanded by [...] Continue Reading »
New-Delhi- After a long six month wait, with the completion of the metro line repairs, the Airport metro has resumed services with a reduced speed but has increased the fares by about 50 percent. With the increase in the train fare, a ticket from New Delhi Metro station to the airport will Rs.120, and Rs. [...] Continue Reading »
New-Delhi- In the light of the upcoming elections, the Delhi Government has decided to start developmental work on the 91 unauthorized colonies which had encroached the land belonging to the Archaeological Survey of India (ASI) and forest department. As per an official from the Urban Development Ministry, the government has given a nod to the [...] Continue Reading »
New-Delhi- With the Chennai Corporation hiking the property tax, the IT companies are quite worried off late and are planning to meet the senior state government officials in a day or two pertaining the issue. A tax hike of about 50 to 200 percent was imposed on the IT industries. According to a senior official from an [...] Continue Reading »
New-Delhi- The latest dispute between the two ministries for the 9-acre plot opposite Birla Mandir near CP has caused tension within the city. There has been a demand to construct a library by the Ministry of Culture and a demand to build a multi-level parking lot by the Ministry of Tourism on the plot. The [...] Continue Reading »
New-Delhi- With the municipal councilors shifting from the Town Hall auditorium in September 2011, the building will now be given to the private conferences and events on rent. It was decided by the municipal corporation that the building will be given on rent for a year. This will eventually help the Corporation in increasing their [...] Continue Reading »
