Delhi NCR
New Delhi- In a recent declaration by the Union Cabinet, the much expected Land acquisition Bill, 2012 was cleared and will be presented in parliament for the upcoming Budget session. This has eventually created a furor among the real estate developers as they wanted private-to-private land acquisition be off the new land acquisition bill. The developers [...] Continue Reading »
Noida: In the wake of the rise in property fraud cases and violation of environmental norms, the Noida residents and delegation of home buyers to meet the Uttar Pradesh administration to take strict actions against the violators. Anuj Singh, an ex-Army officer complained that after he booked a luxury flat in Noida, he found out [...] Continue Reading »
Delhi/NCR- Now owners registering properties in Delhi should obligatorily have biometric identity proof along with other mandatory documents, an Aadhar Unique Identification (UID) number and an enrollment slip should be provided at the registrar’s office. The revenue department made the Biometric ID proof mandatory from January 1 for almost all of its services including registration of property to domicile and SC/ST certificates. The [...] Continue Reading »
New Delhi- According to real estate consultants and market analysts, luxury realty sector had remained constant in the first two quarters of 2012, but picked up momentum after the third quarter. Projects with price tags of Rs 5 crore and more are listed under luxury projects in Delhi and NCR region while in Mumbai, the [...] Continue Reading »
New Delhi- As a buyer it is always better to think of the various aspect before investing in any sort of property be it for rental income or for residing purpose. Not many of us think about the imbalance of the costs incurred in the long run while investing in a property for rental income. The most [...] Continue Reading »
New Delhi- The government has declared the construction of houses for its employees making it the first such exercise after independence. Although there will be new homes constructed for all the government employees, there will not be a single paisa spent from their coffers as the task has been assigned to the NBCC along with [...] Continue Reading »
New Delhi- The old rickety government buildings spread through the heart of New Delhi on a major arterial road will very soon be replaced with high rise commercial and residential apartments. Since Independence, this redevelopment project is one of the largest redevelopments which is expected to change tables of the National capital. As per the plan, [...] Continue Reading »
New Delhi- The Competition Commission of India has modified few clauses for commercial agreements between realty giant DLF and property buyers, in two projects by DLF in Gurgaon in the NCR. In March 2012, the Competition Appellate Tribunal (COMPAT) had directed CCI to present a modified buyer-seller agreement and the fair trade regulator (CCI) is [...] Continue Reading »
New Delhi- With the clearance of the budget proposal by the civic body, parking rates for areas which fall under the South Delhi Municipal Corporation were doubled. This measure by the civic body was taken in as it had been suggested by the SDMC Commissioner Manish Gupta followed by few modifications. As per Gupta’s decision, [...] Continue Reading »
Parsvnath Developers Ltd, one of India’s leading real estate developers, has planned to raise fund of Rs 360 crore through a non-convertible debenture issue (NCD). In 2010, the developer had purchased a land parcel in a prime location in the national capital. It had then paid Rs 1,651 crore for the deal, which was a [...] Continue Reading »
