Delhi-NCR
After circle rates were increased in Noida by 10 to 20 per cent, the administration has announced another rate revision of 10- 25 per cent. Circle rate is the minimum rate at which a property can be bought or sold, which is being decided by the government authorities. The authorities maintained that the hike was [...] Continue Reading »
South Delhi property tax defaulters are to bear brunt of Delhi Municipal Corporation. The south Delhi Municipal Corporation has geared up to crack down on defaulters who have rented their properties but have not been paying the right amount of property tax. The Corporation officials state that most of the residents are either not paying the [...] Continue Reading »
Reacting to the Union Finance Minister‘s advice asking realtors to download unsold stock at discounted prices, the Confederation of Real Estate Developers Association of India (CREDAI) has counter advised the minister to bring special incentives to boost purchase of houses. Credai has been lobbying with the government to push for reforms in the real estate [...] Continue Reading »
Urban Development Minister Kamal Nath has stated that efforts are being taken to lessen the hazards of common property holders. He stated at a function organised by the Indian Chamber of Commerce that efforts are on to create a system which would allow the conversion of leasehold properties into freehold over the internet. The proposed up [...] Continue Reading »
The US government has hired property consultancy Knight Frank to carry out a valuation and review of all its real estate properties in India. The properties, valued at thousands of crores, were acquired over the years at low rates and the recent move may indicate possible sale of some assets in the future. The properties [...] Continue Reading »
The Finance Minister has urged the chiefs of government-owned banks to put pressure on real estate developers to lower property prices. This has been done in order to get the economy moving, which has been hit by a slowdown. In a meeting with bank chiefs, Finance Minister, P Chidambaram, asked the bankers to influence builders [...] Continue Reading »
Water woes seem never to leave the Noida residents. Amidst the chaos over inflated water bills issued by the Noida Authority, now question has been raised over the poor quality of water being supplied to residents. According to doctors, the water supplied to residents in Noida is essentially hard and prolonged exposure to it can [...] Continue Reading »
Home loan borrowers may get access to an alternate window rather than to wait for the Reserve Bank of India to ease interest rates as government is planning to furnish cheap housing credit opportunities. Indian Bankers Association (IBA) has been asked by the government to look into ways to provide affordable credit to home loan [...] Continue Reading »
Bhiwadi on National Highway 8 promises to become a real estate destination. It has an established industrial set-up and with the rise in housing demand it has witnessed unprecedented growth in realty front. MNCs and commercial real estate markets foraying into Bhiwadi has driven the growth of residential property in the city. Developers like Ashiyana, BDI, [...] Continue Reading »
For middle income group home buyers in Delhi-NCR, Noida Extension is emerging as a dream destination. Now that housing projects set to resume construction in Noida Extension post the land row issue, the area has become a realty hub. While the prevailing prices for all the major housing projects in Noida Extension is comparatively lower [...] Continue Reading »
