Delhi Property
South Delhi property tax defaulters are to bear brunt of Delhi Municipal Corporation. The south Delhi Municipal Corporation has geared up to crack down on defaulters who have rented their properties but have not been paying the right amount of property tax. The Corporation officials state that most of the residents are either not paying the [...] Continue Reading »
Over 1,200 colonies were given the provisional regularization certificates in the year 2008. The Delhi government is now planning to announce about the relief being provided to the residents of the unauthorized colonies. The Group of Ministers (GoM), which was formed last year to provide relief and to develop the colonies, has made several recommendations [...] Continue Reading »
Times Property Expo 2011 brings you an opportunity to book your dream project and entry is free. Times property expo 2011 Bangalore will be held in Bangalore Palace Grounds on December 2, 3 & 4 between 10:00 am – 7:00 pm. Times property Expo 2011 India brings premium luxury lifestyle exhibition showcasing residential properties, second [...] Continue Reading »
In a move to make the building plan sanctioning procedure hassle-free, Municipal Corporation of Delhi (MCD) is soon going to make the process online, but in a phased manner. From August, Delhiites can get their building plans sanctioned online and that too within seven working days. “Unlike now, when owners have to go and submit [...] 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 »
New Delhi-based realty major Emaar MGF to sell its under-construction 550-flat residential complex Emaar MGF Palm Drive, one of the popular residential developments in Gurgaon neighborhood of Delhi-NCR, for Rs 1200 crore. Emaar MGF is learnt to be in an advanced stage of selling its apartment in a bulk deal for Rs 1200 crore to [...] Continue Reading »
In the next five years, the housing boom will reach the smaller urban centres to target new segments of customers, says realty finance expert and author Sitaraman. “The real estate sector will go to the tier 4, 5, 6, 7 cities – the small towns – in the next five years. The industry intends to [...] Continue Reading »
Intensifying its drive against illegal construction in the city, the Municipal Corporation of Delhi (MCD) carried out demolition in Defence Colony, Sarita Vihar and Sangam Vihar. MCD officials say that massive illegal construction was found in these areas. The Municipal Corporation of Delhi (MCD) has now started carrying out demolition in the upmarket areas of [...] Continue Reading »
Delhi Development Authority has sent a proposal to the Union urban development ministry that four towers be sealed to account for the increased FAR and the allotment process start for the rest of the flats. The urgency for allotment is also because DDA officials feel that if left unoccupied and uncared for, the flats may [...] Continue Reading »
To encourage officials to collect maximum tax, the civic agency may give share in property tax In a bid to boost property tax collection in 2011-12, the Municipal Corporation of Delhi (MCD) is planning to give incentives to its officials for collecting taxes. The proposal will be discussed in the standing committee meeting on Wednesday. [...] Continue Reading »
