Delhi NCR
According to RBI data, the growth in outstanding credit of banks, under priority sector housing loans, halved to 6.80 per cent in April, against 11.90 per cent in the year-ago period. SBI, the country’s largest public sector bank, expects a moderation in the growth in home loans. Close to 30 per cent of the home [...] Continue Reading »
Rain on Tuesday evening exposes MCD’s tall claims of being ready for the rains. Only a few hours of rain was enough to wreak mayhem in the city. Traffic was disrupted on several main roads, several arterial roads were flooded, traffic lights went on the blink and vehicles were caught in a gridlock. The Central [...] Continue Reading »
The Supreme Court has called for an amendment to the Prevention of Corruption Act to deal with the malaise, echoing the public discourse in the country. A vacation bench of Justice BS Chauhan and Justice Swatanter Kumar observed “In this country, if there are two laws that need to be changed or amended to act [...] Continue Reading »
A press note from the finance ministry on Wednesday said a committee has been constituted by the Central Board of Direct Taxes (CBDT) to examine and suggest how tax arrears from “assesses not traceable” can be recovered. The new committee will suggest modalities for utilization of the information available with Financial Intelligence Unit and the [...] Continue Reading »
In a market, which is lacking the spur, leisure homes are just another way to lure the buyer. Shakti Nath a real estate developer, knows these are difficult times — construction costs are rising, home loans are becoming expensive and the demandsupply gap is widening due to a supply glut. His bait for the buyer [...] Continue Reading »
The Town and Country Planning Organisation under the urban development ministry lay down standards for design and construction of buildings. These ‘model building bye-laws‘ serve as a guide for states and urban municipal authorities to adopt in their respective local regulations for new construction. “You can go underground or over-ground (with multi-storeyed parking lots), but [...] Continue Reading »
The Centre is of the opinion that the current legal system has discouraged landlords from reinvesting in their properties as rentals have been kept artificially low. The Model Residential Tenancy Act, 2011 prepared by the housing ministry is intended to replace archaic rent control legislations that capped rentals, resulting in landlords getting a pittance for [...] Continue Reading »
First there was the Mayur Vihar extension. Then we heard about Raj Nagar extension. And now it’s Greater Noida’s turn to do some stretching. Noida Extension is technically Greater Noida’s Sector 1 close to Noida Sector 121 and 119. Several builders have been allotted land here for constructing residential units both high- and low-rise [...] Continue Reading »
If the flat owners and occupants will not pay the fee, it will be impossible for the RWA or Apartment Owners Association to carry on with welfare activities and services. The owners or occupants of a flat are bound to pay the membership fee to the Residents Welfare Association (RWA) of the colony to fund [...] Continue Reading »
India’s top listed real estate developer DLF Group has said it will increase prices of its properties in selective locations to minimize the impact of rising input costs. The company, however, did not share details such as by how much the prices will be hiked, on which projects and from when the increase will take [...] Continue Reading »
