Delhi-NCR
Government has announced the construction of a six lane expressway from Delhi to Ludhiana with an estimated budget of Rs 20,000 crore. The three states – Delhi, Punjab and Haryana approved the construction of 357 km road structure for the expressway. The route map will be finalised by the next month as claimed by the Road [...] Continue Reading »
In order to recover property tax, the south Delhi municipal corporation has decided to attach their bank accounts. A senior officer of SDMC said, this action will be taken by this weekend. Strict action will be taken on Delhi International Airport Limited (DIAL) which owes Rs 85 crore as property tax to the civic body. [...] Continue Reading »
Though the commissioner has proposed new taxes and hike in parking rates, East Delhi Municipal Corporation will not hike taxes and parking rates. The corporation is planning to develop more parking sites and had asked for a package worth Rs. 7500 crore from the Delhi Finance Commission for the work. It was decided in a [...] Continue Reading »
New Delhi- With a lackluster realty market last year, the Indian realtors are expecting better market sentiments this year. They have been banking on the important legislation which is supposed to be introduced by the government in the upcoming budget session of the parliament. The budget is expected to create a larger impact on the [...] Continue Reading »
The Real Estate Regulatory Authority Bill will be introduced before the parliament during the Budget session, said Ajay Maken, Housing and Poverty Alleviation (HUPA) minister. However, the proposed bill faced objections from real estate bodies and industry pressure groups. Realty bodies like CREDAI and NAREDCO have opposed the real estate regulatory bill stating that the [...] Continue Reading »
The UP government is to sign the state support agreement (SSA) with the center for a multi-crore Delhi Mumbai Industrial Corridor (DMIC) project in a three day international summit in Agra. Anil kumar Gupta, UP’s infrastructure and industrial development commissioner declared that the agreement will be signed by the state government and Union Ministry of [...] Continue Reading »
After the annual budget presentation today, New Delhi Municipal Corporation realised that they failed to announce any new project in this year’s budget of Rs. 2,021.57 crore. The corporation will focus on completing the old projects in Delhi-NCR and few projects which are pending since the Commonwealth Games. The Connaught place redevelopment project which started [...] Continue Reading »
New Delhi- A new expressway has been planned to be built between Delhi and Ludhiana similar to the stretch between Delhi and Jaipur. In this regard, the road transport and highways ministry has planned a meeting of chief ministers from Punjab, Haryana and Delhi on January 16. Once the three chief ministers give their consent [...] Continue Reading »
The biggest real estate developer, DLF was suggested by Competition Commission of India (CCI) to modify the apartments buyer’s agreement of Belaire project along with its two other projects, Park Plaza and Magnolia. The whole modification to the apartment buyers agreement takes place by following a direction from the Competition Appellate Tribunal ( COMPAT) which [...] Continue Reading »
New Delhi- The drum beating technique which was carried out in front of tax defaulters’ houses have not been that effective. Due to the non-payment of property taxes by the government and semi-government departments, the South Delhi Municipal Corporation (SDMC) will attach the bank accounts of all these offices to the civic body. As per the [...] Continue Reading »
