allotment letters
The Delhi government is planning to build 7,400 flats for the economically weaker sections in the Bhalswa-Jahangirpuri area. More than 10,000 flats built earlier under EWS scheme are still left unoccupied. Delhi Urban Shelter Improvement Board has approved the construction of 7,400 flats and a double-storey community hall in Trilokpuri. The cost of the hall [...] Continue Reading »
Amid higher costs, slow demand and regulatory hurdles, many builders in the country’s hottest property market-Mumbai, are inserting new clauses to palm off some of the uncertainties to buyers. The allotment letters given to home buyers contain clauses like provisions for cost escalation, project abandonment, inability to commence construction, and also eventuality of non-disbursal of [...] Continue Reading »
