Delhi-NCR
New Delhi- The year 2012 unexpectedly saw a slower price appreciation in the residential sector of all the top seven cities in India. However, the average capital of the country was increased to only 1-3 percent. According to Jones Lang La Salle, the year 2012 was a sluggish year for the economic growth as there [...] Continue Reading »
New Delhi - The city of Delhi will no longer witness a shortage of houses for the poor and the downtrodden as the Delhi Development Authority (DDA) has decided to come up with about 14 lakh houses in five new zones which will be known as urban extensions. The project will begin with a survey which will check the land [...] Continue Reading »
New Delhi- Most residents in the city feel that barricading entry and exit points of the localities along with well lit areas in a crowded market at dark will improve the safety and security. For e.g. Malviya Nagar is surrounded by a number of unauthorised colonies and urbanised villages, hence there are increased chances of people [...] Continue Reading »
New Delhi- The non payment of property tax by the owners has led to various actions by the South Delhi Municipal Corporation. Last week, the SDMC resorted to drum beating in front of the tax defaulter‘s houses to embarrass them by announcing their name in public. Drum beating tactic was carried out to embarrass people who hadn’t paid their [...] Continue Reading »
Noida- The residents in Noida have demanded the state government to call off the transfer charges which are to be paid by the property allottees even if they are transferring the property to their blood relatives. This decision is currently under consideration by the Noida Authority. The proposal which was made by the UP department of [...] Continue Reading »
New Delhi- In a recent announcement made by Agro-chemical firm, Bayer CropScience said that they had sold their property for Rs. 1,250 crore to Agile Real Estate at Thane in Maharashtra. Both the firms had entered into an agreement in March 2011 regarding the sale of the land and the building. About 520 crore were given by Agile as [...] Continue Reading »
New Delhi- The CAG’s performance audit of JNNURM was tabled covering the mission period of 2005-2011 on Thursday. A report based on the assessments which were conducted between April to November 2011 through test-check of records of ministries such as urban development, housing and urban poverty alleviation followed by various agencies of 25 states and five union territories was [...] Continue Reading »
New Delhi- A portion of land in the prime location of Mumbai was being usurped by a builder with the use of an irregular No Objection Certificate under the defence security. Apparently, the CAG has critisised the Army for this. The local defense authorities were being targeted by the government stating that despite few fraudulent activities concerning the piece [...] Continue Reading »
New Delhi- Since the banking industry’s spotlight shifts to retail borrowers, the Union Bank of India has reduced the home loan rates by 0.25 percent. The bank announced that the revised rates are applicable from November 29. For home loans up to Rs 75 lakh, the base rate at 10.50 per cent will be applicable, [...] Continue Reading »
New Delhi- Despite the flourishing Indian real estate market, the market has been witnessing a sharp decline in foreign investments in the past two years. The key reason being the lack of international standards as global investors might be too cautious about it. The Indian real estate witnessed a decrease of about $2-3 billion when compared [...] Continue Reading »
