Cities
Jaipur- The immense growth in real estate market has paved way to an increased threat of fraudulent practices in Jaipur. Fraudsters continue to find new ways to cheat buyers among which land related fraud cases are rising in 2013. Already, around 220 fraud cases related to land documents have been registered so far in the [...] Continue Reading »
Home buyers in Greater Noida West staged a protest march demanding strict action against developers and also the presenting of the real estate regulatory bill in the ongoing Parliament session at Jantar Mantar. Social activists, several residents welfare associations and home buyers from Noida, Ghaziabad, Faridabad, Gurgaon and Kurukshetra have have joined the protest. The [...] Continue Reading »
According to the National Housing Bank (NHB) Residex, the last quarter of 2012 saw rise in residential property prices across 18 of the 20 cities covered. Major Indian cities like Mumbai, Delhi, Bangalore, Ahmedabad, Kolkata and Chennai witnessed significant increase in the same. The cities which reported maximum growth in residential property prices quarter-on-quarter are [...] Continue Reading »
Supertech, north India based real estate developer, is planning to expand the existing business, which will involve a whopping Rs. 2000 crore investment. They have new projects to launch and also undertaking a new project involving education. The firm is planning to come up with a university of their own in Uttrakhand, and also is [...] Continue Reading »
National Capital Region has become one of the hottest destinations for property investment in the country. The twin cities Noida and Greater Noida are attracting maximum buyers from different parts of Uttar Pradesh and the capital. Recently, a property expo has been conducted showcasing various projects of Noida, Greater Noida, Greater Noida West and Ghaziabad [...] Continue Reading »
With the Union Budget to be presented in a week, Builders’s Association of India (BAI) expects a hike in exemption limit on the interest in home loan. At present, the exemption is set at Rs 1.5 lakh which the builders want to be set at Rs 3 lakh. The builders demand the Finance Minister to [...] Continue Reading »
Gurgaon- In order to curb procedural irregularities prevailing in the process of issuing license to developers, the Department of Town and Country Planning (DTCP), has asked its officials to obtain land ownership certificates only through official channels. DTCP’s director general has recently issued the order after a legal case being heard in Punjab and Haryana [...] Continue Reading »
Delhi- The regularisation of 532 colonies, proposed by the Urban Development department for regularisation in September, 2012, is likely to move a step further with Delhi Government’s Urban Development department asking for the land status report. The urban development department had earlier dealt with cases of such illegal colonies, wherein colonies were built on private [...] Continue Reading »
With the infrastructure development booming in Mumbai, the apex financial institute, World Bank shows interest in financing two mega projects in Mumbai. The projects include the Virar-Alibaug road-rail corridor and the development of 12 urban growth centres as satellite cities of Mumbai. The growth centres are planned in distant suburbs of Mumbai such as Kalyan, [...] Continue Reading »
Builder and ancillary units in the construction industry defaulting VAT on ‘contract work’ now have to be cautious as the tax department of the Delhi Government is taking stringent action against the defaulters. Already, the special zone of the tax department has prepared the list of contractors and builders in consultation with the municipal body. [...] Continue Reading »
