Delhi NCR
Environmental Clearance (EC), mandatory as per court order, made all construction work at Greater Noida region into a halt. The plots less than 20,000 square metrs are also included in the order criteria. State officials feels, developers are confused about the exact procedure; hence they have stopped the activity. Many projects in the region is [...] Continue Reading »
National Highways Authority of India (NHAI) is seeking to push a relief package for road developers as many are under stress and are finding it tough to raise debt and equity to finance projects they had bagged by offering to pay a premium. Now the agency is looking to get approval for a staggered payment which will [...] Continue Reading »
Delhi Development Authority (DDA) has released almost Rs 120 crore to the South corporation after the North corporation attached its banks account following non-payment of property tax dues. The duo corporation is going through loggerheads over revenue earned from property tax since long. Now north corporation wants its share in the amount released by DDA. Around [...] Continue Reading »
With one developer scrapping its project, the dream of affordable housing in Greater Noida West (Noida Extension) has started to shatter. Even though the master plan got approval from the NCR Planning Board, the issues of farmers and home buyers have still not been sorted out. Construction has not even resumed in several sites. Around [...] Continue Reading »
Delhi- Focusing towards the requirement of the middle class buyers, the upcoming budget is likely to give a boost to the affordable housing sector. The government’s main intention will be to push the number of homes with price tags around Rs 20 lakh. It can be achieved through offering incentives like tax breaks, easy loans, [...] Continue Reading »
Residents are upset with the Municipal Corporation of Gurgaon (MCG) as many colonies across the city have been dug up for laying master sewerage line by the corporation. Due to this, the residents are not only finding it hard to commute on the roads, but the missing barricading poses danger to humans as well as [...] Continue Reading »
Now the people of Northeast Delhi will be able to get their properties registered online on the same day of filing of the application form. The new online registration was launched at the newly renovated sub registrar office in Vivek Vihar. It is the third such sub-registrar office to have online registration facility. This project was launched [...] Continue Reading »
The residents welfare association (RWA) of Orchid Petals received a stay order from the city court on taking over the maintenance of the entire township until the next hearing date when the builder will file a written submission on the issue. The residents of Orchid Petals complained that while the hearing of the court was [...] Continue Reading »
DLF, India’s largest real estate developer, is recovering after concerns over its huge debt of Rs 23,000 crore last year and lack of new launches. Last year, its realty index had fallen by 30 percent, where as, in the last three months, DLF stock had risen by 32 percent. The realty giant’s debt is expected [...] Continue Reading »
With the development of Yamuna Expressway, the land prices in this area have trebled and is now valued between Rs 25,000 to Rs 30,000 per square yard. Land mafia is now eyeing on the highly priced land along this area. Recently, the Yamuna Expressway Industrial Development Authority commented that mafia began to show interest in colonizing tracts [...] Continue Reading »
