Delhi-NCR
New Delhi- All those waiting for a home possession need to wait for another year as a survey has found out that about 50% i.e. 323,000 home deliveries will be delayed as they are lagging behind the construction schedule.This is followed by nearly three of every four homes which were promised for delivery in 2014 to [...] Continue Reading »
Noida-Rather than preparing for their house warming ceremony, a large number of home buyers in Noida extension, who had booked their flats prior to the controversy related to the sale of land in the area are now struggling to sort it out with the developers as they are at a risk of losing their property. Buyers have [...] Continue Reading »
New Delhi-Recent reports suggest that the public sector banks were quite benefited by the home loan takers as the lower interest rates have resulted in regular monthly payment causing very less defaulters. The outstandings in the first 6 months were almost 96% of 2011-12 and more in 2010-11. Also, the non-performing assets (NPAs) have declined in all home loan [...] Continue Reading »
Noida- With the recent hike in the DND flyway toll rates, from Rs.22 to Rs.25 from November 9, the Federation of Noida Residents Welfare Association (FONRWA) has been opposing the hike and has come to a decision to file a PIL against the unjustified MoU signed with the Noida Toll Bridge Co Ltd. A protest by FONRWA stated [...] Continue Reading »
Noida is currently not just an affordable housing destination but is slowly transforming as a luxury housing destination. This eventually is creating stiff competition amongst the neighbouring cities of Haryana and Gurgaon. Authorities from the twin cities; Noida and greater Noida have planned to propagate these cities for luxury projects as there are quite a handful [...] Continue Reading »
The Delhi-NCR commercial realty market is currently driven by small office spaces measuring an area of 500-2000 sq ft. Reports show that there has been a gradual increase in the office spaces measuring about 10,000 sq ft in the last few years followed by a maximum demand for commercial properties measuring about 500-2000 sq ft. According to Rajat Gupta, Executive Director, [...] Continue Reading »
Every rich man’s dream is to acquire a property in Lutyens in Delhi or South Mumbai. Perhaps to acquire a property can be quite tedious due to the limited supply. A ray of hope is given by the old owners who are in feud, as most of the businessmen are able to get their dream [...] Continue Reading »
Property investments remains dull despite attractive offers and aggressive marketing. The reason for the slowdown in real estate is because of the high property prices and unusual rise in the cost of materials used for construction, says the ASSOCHAM survey. On the eve of festival, there was a growth of only 20 percent compared to [...] Continue Reading »
The government has decided to raise the amount on annual income for Economically Weaker Sections (EWS) and Lower Income Groups (LIG) to get the benefits of housing scheme. The income declared for EWS have been raised to Rs 1 lakh from Rs 60,000 and for LIG it has been raised to Rs 2 lakhs as [...] Continue Reading »
Due to the maintenance work carried out by power distribution company BSES Yamuna Power Ltd (BYPL) in areas of East and Central Delhi, the supply of electricity from (10 am- 5 pm) will be hampered for about 15 days starting from November 14. The maintenance work is carried out to maintain their infrastructure. This work will be followed by the company to [...] Continue Reading »
