Delhi-NCR
The Ministry of housing has sought tax sops, under the section 80IB (10) of the Income Tax Act, for the developers of affordable housing projects. A senior government official said the housing ministry has also asked for service tax exemption for private developers of the affordable housing projects. Also, the ministry has suggested that the [...] Continue Reading »
National highways built with 100% government funding should have full toll tax for a maximum 30 years, proposed the center. The proposal also says that after 30 years of toll collection, the charges will be reduced by 60% and in case the government has recovered the investments early, the toll charges will become incrementally less. [...] Continue Reading »
New Delhi- Real estate being beaten by decreasing demand owing to high interest rates and economic slowdown has demanded for infrastructure status for the housing sector in the Budget for 2013-14. If given the infrastructure status, the sector would gain of tax benefits and easier flow of funds. At least the affordable housing sector should [...] Continue Reading »
New Delhi- With more and more developments taking place in the city, a subway will be constructed by the Delhi Metro Rail Corporation (DMRC) using the latest technology ‘box pushing’, which will maintain the traffic at the busy Pankha Road in West Delhi below an under-construction flyover. The subway which will be constructed using the [...] Continue Reading »
Noida- The Greater Noida West (Noida Extension) home buyers are demanding the Greater Noida Authority and developers for the instant implementation of the UP Apartments Act. A homebuyer’s group called Noida Extension Flat Owners and Members Association (NEFOMA) made this demand due to the repeated cancellation of bookings and complaints about the arbitrary changes in projects by developers. In a meeting and a [...] Continue Reading »
The finance ministry says that the Reserve Bank should allow the real estate companies and the broking firms to set up their own banks as adequate safeguard will be there to prevent the exposure of the promoters to the related entities. As per the sources, the firewall has been proposed to avoid undue influence of [...] Continue Reading »
New-Delhi- Unless the Army ensures to offer a gainful redevelopment plan to the Delhi Government, they will have to vacate a World War II barrack on prime land in Lutyens, Delhi. The Army was further asked to make the government’s intention clear about forfeiting the underutilized land in an overcrowded Capital. As per the Army, they are ready to vacate the Princess [...] Continue Reading »
New-Delhi- After two long years of ignorance, the civic body awakens to penalize about 50 building defaulters. Earlier in May 2011, around 50 illegal buildings in Feroze Gandhi market were issued notices by the Ludhiana Municipal Corporation. The Civic body is again into action and has started sealing and demolishing the buildings with four and more [...] Continue Reading »
New-Delhi- Situated at a distance of 30 km from Gurgaon, Dharuhera, a satellite city, emerges to be the upcoming realty sector in Haryana. Dharuhera which is located Rewari district of Haryana, is strategically placed on the NH-8 junction and SH-28 routing to Palwal. This city is expected to be the gateway to the Delhi-Mumbai Industrial corridor. [...] Continue Reading »
Greater Noida- In a recent board meeting, the Yamuna Expressway Authority has decided to develop industries on portions of the land in Jewar which was proposed for an international airport during the BSP regime. However, the rest of the land patches will be left barren for future plans. During the BSP regime, a proposal to construct an international [...] Continue Reading »
