Delhi-NCR
As urbanisation is spreading at a fast pace in India, the pressure on land is ever increasing as availability of land is getting scarce. As a consequence, number of high-rise residential projects coming up in Noida, the NCR or elsewhere in the country is adding up. Mohit Arora, the Director of realtor Supertech Group, have [...] Continue Reading »
Major relief is provided to around 40 lakh people in Delhi, as the Centre has given green signal to Delhi Government to regularise around 900 unauthorised colonies. These colonies were given provisional regularisation certificates ahead of assembly polls in 2008. CM Sheila Dikshit‘s Parliamentary Secretary Mukesh Sharma stated that Delhi Government would issue a notification [...] Continue Reading »
In a influential verdict, the Delhi High Court has ruled that in case of employees living in company-leased accommodation, money spent on repairs and renovations of such residences is not taxable. The ruling is set to have far reaching impact. If unchallenged in the Supreme Court, it implies those living in company-provided accommodation will not [...] Continue Reading »
Supertech Limited has launched Spira Residences, India’s tallest mixed use located project in Sector 94 Noida. Spira stands at a height of 300 metres and it comprises of 80 floors amongst which 13 floors are dedicated for the residential apartments. The fully furnished apartment units spanning over an area of 3,200 sq. ft. to 4,000 [...] Continue Reading »
Real estate proves to be one of the best avenue for investment for the large base of NRI population. Delhi NCR has become one the most preferred locations among them. Experts state that real estate offers a safe option to enhance one’s investment portfolio due to high rate of appreciation and periodical returns. NRIs usually [...] Continue Reading »
Raj Nagar Extension, Ghaziabad, is fast becoming a location for the average middle class property seekers and property investors. It is one of the planned cities of the Delhi NCR and with its impressive infrastructure and houses available at affordable prices makes it an ideal place for middle class end users. The area is well [...] Continue Reading »
Analysts said that demand for commercial real estate has dropped around 30 per cent in the past year, due to general economic slowdown. Office rentals witnessed 15 per cent decline in rentals across many locations. In some cases it has come down by as much as 50 per cent. Credit to the commercial real estate [...] Continue Reading »
Real estate developers expect home prices to rise by at least 25 per cent in Noida Extension.The prediction comes as the government has lend approval to Greater Noida master plan. The leading developers are hopeful that demand would be much higher and there would be an opportunity for both investors as well as end users. [...] Continue Reading »
The Bharatiya Janata Party seems to have stand by the apartment owners of Delhi. The political party has backed the 22 lakh apartment owners in the Capital by demanding that the Delhi Government should immediately implement the provisions of the Delhi Apartment Ownership(DAO) Act, 1986. Till now representatives of Delhi Residents’ Front, the federation of [...] Continue Reading »
The Delhi government got a boost as pleas against the government’s legislation levying property tax were rejected. Delhi government had passed a legislation empowering the corporations to levy property tax on the basis of unit area hold by the owner. Many individuals pleaded with the court to declare the Delhi Municipal Corporation (Amendment) Act, 2003, [...] Continue Reading »
