Realty News
The Confederation of Real Estate Developers Association of India (Credai) has decided to make it mandatory for all members to mention carpet area in their brochures and sales agreement. The move aims at bringing transparency in the sector. Confederation of Real Estate Developers’ Association of India (Credai), which has over 10,000 builders as member across [...] Continue Reading »
Around 16,118 flats were allotted on Monday after a DDA draw of lots. The list of the successful applicants was uploaded on the DDA website by evening. The process of taking over possession of these flats will, however, happen only towards the end of this year. The draw of lots was conducted in Noida this [...] Continue Reading »
As per the new model bye-laws 2009,co-operative societies should create awareness against child labour, says, Advocate Rajan R Hiranandani. The bye-laws further state that the society shall be required to create awareness in the minds of all the members for eradication of child labour. One of the changes incorporated in the new model bye-laws 2009 [...] Continue Reading »
Two battalions of PAC and policemen will be deployed at the office of C-DAC (Centre for Development of Advance Computing) in sector 62, where the draw of DDA flats is scheduled, on Monday to make the much-awaited event hassle-free. According to senior police officers, security forces will be deployed in and around the area by [...] Continue Reading »
The DDA holds a draw of lots tomorrow for 16,000 flats offered under its housing scheme 2010. Some 7.53 lakh applicants are vying for the flats, located in areas like Vasant Kunj, Mukherjee Nagar, Motia Khan, Jasola, Dwarka, Rohini, Narela, Jaffarabad, Kondli and Gharoli. For the first time, the draw will not be held in [...] Continue Reading »
Small plot owners in Hyderabad may exempted from the mortgage rule for constructing their houses. Succumbing to pressure from different quarters, including property owners, residential welfare associations and public representatives, the state government is contemplating to exempt small plot owners from the mortgage rule for constructing their houses. Under the mortgage rule, an owner or [...] Continue Reading »
The rental value for high-end residential properties is mind-boggling. In happening city areas, where a company leases a residential property, it is anywhere between Rs. 1 lakh to Rs. 3 lakh a month depending on the location and amenities. Of course, the mid and lower segments that swing between Rs. 10,000 and Rs. 35,000 a [...] Continue Reading »
Registration of property transactions has witnessed a steep decline in the capital. In nearly all districts, the sub registrar offices have seen the number of registrations come down sharply. New norms in registration of property transactions is the reason for decline in the number of registrations. The state government has made it mandatory to produce [...] Continue Reading »
All real estate transactions will have to be reported to the country’s anti- moneylaundering agency once the government amends a key law that seeks to curb black-money transactions. The government plans to amend the Prevention of Money Laundering Act , which will require property registrars to file data of transactions recorded by them with the [...] Continue Reading »
RTO Mumbai lodged 43 police complaints against persons using Fake licences to get homes under Slum Rehabilitation Authority (SRA) scheme RTO lodged 43 police complaints against persons who used fake driving licences to get homes under the Slum Rehabilitation Authority (SRA) scheme. The applicants had submitted bogus driving licences to SRA authorities. 15 FIRs were [...] Continue Reading »
