Delhi NCR
Vasant Kunj- an upscale residential colony in South West Delhi has taken the lead in reducing its dependency on fresh water. B-11 residents are recycling waste water from kitchens of seven households and using the resultant 2,000-odd liters thus salvaged for watering about 4,000sqm of the Jogger’s Park. The program, assisted jointly by the parks [...] Continue Reading »
Housing prices could fall by up to 20 per cent in Mumbai and Delhi-NCR sooner than expected if RBI raises key rates in its upcoming monetary policy review, says a report by property consultant Jones Lang LaSalle . It is widely expected that the apex bank would increase the key policy rates by up to [...] Continue Reading »
The New Delhi Municipal Council extended the last date for property tax for the year 2010-11 with rebates by one month. The civic agency said those who have not received the property tax bill can collect the same from the NDMC Palika Kendra office between 10 am and 2 pm on all working days. The [...] Continue Reading »
DDA realized its responsibility for the maintenance of the flats, will other builders too rise to the occasion and provide the much needed after-sale service to their clients? For the first time, the Delhi Development Authority (DDA) will now provide maintenance of the flats that are part of its latest housing scheme for the next [...] Continue Reading »
As per rough estimates prepared by the Housing and Land Rights Network NGO, more than two lakh people lost their homes in different Games-related projects. People rendered homeless due to forced eviction and displacement during the Commonwealth Games gathered in the capital. At least 200 homes in Dargah Bhure Shah camp and Madrasi camp falling [...] Continue Reading »
Civic agencies in the city seem to have sprung into action against illegal construction.According to local residents of Agar Nagar, nearly 30-35 houses were demolished in this drive which started around 11.30am. People’s Union for Civil Liberties (PUCL) members said the colony is in the process of regularisation and was given a provisional certificate by [...] Continue Reading »
The Delhi Real Estate Bill has been pending for over three years now with the Union urban development (UD) ministry and is unlikely to see the light of the day anytime soon. At present, the Capital does not have any system in place to protect property buyers against unscrupulous real estate developers, agents and promoters. [...] Continue Reading »
The Municipal Corporation of Delhi has launched a new amnesty scheme to settle property tax issues under the old method of property tax assessment called Rateable Value (RV) method.The old system continued up to March 31, 2004, after which the Unit Area Method was introduced from April 1, 2004. According to MCD, there are more [...] Continue Reading »
RBI introduced a ceiling on “loan to value” (LTV) ratio for home loans. The central bank has said that the loan to value ratio for home loans cannot exceed 80 per cent of the value of a house as housing loan.This in effect means that you will have to shell out more from your own [...] Continue Reading »
The Delhi Development Authority (DDA) will take over the entire Games Village Complex. The flats will be ultimately put up for sale some time early next year. According to DDA officials, the process of taking over will involve a complete inspection of every flat in the Village after the organizing committee (OC) has removed the [...] Continue Reading »
