Delhi-NCR
New Delhi- The latest proposal initiated by the civic body is the hike in property tax by 3 percent. This property tax hike will result in residents of New Delhi Municipal Corporation (NDMC) paying double tax from next fiscal, followed by an increase in property valuation. However, the budget of 2013-14 is expected to hike [...] Continue Reading »
Almost all the rickety and stubby government buildings will be soon reconstructed to new high rise apartments and office blocks in Delhi. This is one of the biggest redevelopment exercises that will come up in the heart of Delhi since Independence. The existing two storey structures will be rebuilt to 10-12 storey residential blocks which [...] Continue Reading »
The demand for residential apartments is soaring strongly in NCR despite speculative market that is owned by the predominance of various investors. The market is expected to become transparent with the revised circle rates. Gurgaon has witnessed the maximum number of launches in H1 FY13 combines 33 percent of total launches in NCR region. It [...] Continue Reading »
Government is working on a new proposal which will allow the real estate investment trusts to participate in the country’s rental housing market. According to Ajay Makan, housing and urban poverty alleviation minister, the ministry is trying to frame a policy paper on REITs which will soon be taken up by the finance ministry. This [...] Continue Reading »
Haryana Housing board is coming up with 10,000 house and flats which will cost around Rs 500 crore. Deepender Singh Hooda MP from Rohtak, said the residential colony would be developed by Housing Board at Jind road in Rohtak on 23rd December. Around 878 flats with 686 multi-story houses of different categories would be constructed [...] Continue Reading »
Around 15 industrial plots allocation has been cancelled by the Greater Noida Industrial Development Authority. According to the authorities, the allotments were cancelled are of either 450 sqm or 1,000sqm, however GNIDA is looking for a fresh scheme re-allotment. As the allottees failed to respond to the notices issued by the authority in October for [...] Continue Reading »
Problems regarding the eight-lane link road to Noida has been resolved by the Greater Noida Authority following a meeting with the farmers of Greater Noida (west). As per the officials, the halted project will be completed within next April and this is only signal-free connectivity to Noida, Delhi and Greater Noida. Farmers of Devla, Khairpur [...] Continue Reading »
Recent surveys say that, the investment in Indian market from past few years are not attractive at all. The three top real estate cities, Bangalore, Mumbai Delhi have slipped from there places to 19th, 20th and 21st positions respectively in the list of 22 investment destinations in the Asia Pacific region. This three cities were [...] Continue Reading »
Due to government’s positive approach towards reforms and moderation of interest rates, the real estate may have a kick start in 2013. In 2013, the land acquisition bill and real estate regulation bill are likely to be passed by the government which will bring back the hopes of growth in the real estate sector and [...] Continue Reading »
Delhi being a hub of industries, infrastructure along with the metro connectivity reaching far ends, the real estate market in the sub cities of the capital are developing in a great speed. Bhartiya Group’s founder and chairman Snehdeep Aggarwal spoke that, in past no body even thought of model or hub, but now developers are [...] Continue Reading »
