Delhi NCR
New Delhi is taken up a new infrastructure look. Residents of Delhi who are ahead of purchasing new flats are having good news as the Delhi Development Authority (DDA) is on board to build nearly 60,000 flats in the national capital. The agency has estimated 20,000 lower income group flats and 4,000 lower category flats [...] Continue Reading »
Municipal Corporation of Delhi (MCD) has been annually payed for conversion and parking charges by the people. People of New Delhi are voicing out since MCD has shown slow working statistics on the infrastructure in Delhi. A BJP councilor from Kalkaji Khabinder Singh reported saying that certain roads have been blocked and the residents should [...] Continue Reading »
The Delhi Metro will be arriving soon in the Janpath station managing traffic barriers in the Janpath road. The traffic plan has been managed to take the diversions, however traffic disruptions are still expected. The work is expected to go on for almost a year. A senior Delhi Metro Rail Corporation (DMRC) official reported saying [...] Continue Reading »
In New Delhi, if bulk buyers are allowed to purchase electricity directly from producers and negotiate rates with distribution companies the power bills can come down. However the state and regulators are pressuring the industry officials said. The Indian Institute of Technology, Delhi, in one of the study has proved that the distribution companies exclude [...] Continue Reading »
The real estate giant DLF slapped Rs 630 crore fine. DLF had delayed construction of the project and increased the number of floors without informing buyers. The verdict on complaint filed by the Belaire Owner’s Association will relieve customers, who say sale agreements are heavily tilted in favour of the builder. The Competition Commission order [...] Continue Reading »
Mayur Vihar has been facing water related problems. Residents claim that the wastage in the water regulator pit is contaminating the water supply in the area.The tap water is so bad that it gives a foul smell even after purifying. The purified water has to be boiled to make it drinkable. In Mayur Vihar Phase [...] Continue Reading »
In Lajpat Nagar III, New Delhi, the pipelines are very old and were laid nearly 25 years back. Over a period of time they have rusted and sewage water gets mixed with drinking water which is supplied to the area. While residents have been complaining to the Delhi Jal Board (DJB) but they claim till [...] Continue Reading »
With the increase in policy rates by the central bank on Tuesday can impact the financial performance of the real estate sector. Increase in policy will have much lower impact on the realtors with strong cash flows. According to a Citibank study, the upward revision in the increase cost will have much lower impact on [...] Continue Reading »
The Reserve Bank of India (RBI) has hiked the interest rate for home loan for the 11th time since 2010-as it wants to curb inflation. RBI’s move is aimed at curbing speculation in the real estate market.But the move has not gone down well with existing and prospective flat buyers. It is not being effective [...] Continue Reading »
Under the new Benami law, properties purchased in the name of spouse or siblings or any lineal ascendant or descendant could be allowed under benami deals and would not be subject to penal provisions. Home minister P Chidambaram, however, is learnt to have opposed the same, while favoring the inclusion of spouse. He said at [...] Continue Reading »
