Delhi-NCR
New Delhi- The flat owners in Greater Noida (West) Uttar Pradesh (Gaur City I project) have stopped receiving the home loan installments from Bank of Baroda due to an ongoing litigation. When questioned about stopping the loans, Minister of State for Finance, Namo Narain Meena agreed with it and stated that property is involved in [...] Continue Reading »
The Reserve Bank of India (RBI) has denied the request of banks to allow them to restructure real estate loans without providing for likely losses if the loans go bad. A loan is said to be restructured when the original terms of the agreement (interest rates, tenure) are diluted in order to support troubled borrowers [...] Continue Reading »
New Delhi- In order to keep a check on the illegal mobile towers in Delhi, a special drive has been initiated by the corporation. Reports state that in the past few months, there has been an increase in the number of illegal cellphone towers in residential colonies. Out of 5,656 mobile towers in Delhi there are [...] Continue Reading »
Delhi/NCR- With the merge of the developer of North India, Supertech along with Karabi Artworks led to the showcasing of an Art Week for aspiring artists to showcase their artworks. The Art Week was held at Supertech’s Supernova project which is located in Sector 94, Noida and will continue till December 2nd, 2012. The flourishing Supernova development [...] Continue Reading »
New Delhi- If you’re looking to invest in a commercial unit, then this is the right time for you as Delhi-NCRs commercial property is expected to fetch great returns. Gurgaon and Noida, which are also the key commercial hubs of Delhi-NCR, will witness an increase in the rental and capital value despite the uncertain economic scenario [...] Continue Reading »
Delhi- After five years from now, a common man would find it very difficult to afford a house in Delhi, predicts a survey. The current average price of a house in Delhi is Rs. 1.93 crore whereas in the next five years, it is estimated to hit Rs. 3.27 crore which signifies an increase of [...] Continue Reading »
The Delhi Government is thinking seriously over the proposal to assess extra tax on the properties available for sale along the metro rail and bus rapid transit (BRT) corridors. This is to reduce the process of renewal and rebuilding of houses and stores of middle-class individuals and families. This proposal will help the general public [...] Continue Reading »
New Delhi- The city will now see different lanes for about 160 roads as the ‘ Disaster Management Lanes‘ by the end of this year. A person driving on these lanes at the time of disaster will be punished. The lanes will be designed with 3.5-meters and will be painted blue in colour on the [...] Continue Reading »
New Delhi- Interest was evinced by four entities -Karvy, CAMS, NSDL and CDSL regarding the genuineness of about three crore investors in the Sahara case bidding for the job. This was done on behalf of market regulator Sebi (Securities and Exchange Board of India). A process to select an In-Person Verification (IPV) agency to conduct a face to face verification amongst the three [...] Continue Reading »
Delhi/NCR- With the increased saturation of all the three main corridors (Mehrauli-Gurgaon Road, Golf Course Road and Sohna Road) in Gurgaon; here is very less land or have all the projects occupied. This eventually gives the new buyers an opportunity to invest in the next best area; the Golf Course Extension Road. The key reason for [...] Continue Reading »
