Delhi Real Estate
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 »
Registration of property transactions has witnessed a steep decline in the capital. In nearly all districts, the sub registrar offices have seen the number of registrations come down sharply. New norms in registration of property transactions is the reason for decline in the number of registrations. The state government has made it mandatory to produce [...] 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 »
An FIR was lodged against a builder for not completing a housing project on time. They were to be given possession of the flats by April 2009. Despite payment of 95 per cent of the amount for the flats, the Builders did not complete the project as per schedule. Allottees of “Aura Chiera” residendial scheme [...] Continue Reading »
The Delhi government on Monday decided to regularize around 1500 unauthorized colonies in the city. Property Owners will be given 90 days to pay the charges after the regularization notification. The Delhi government on Monday decided to regularize around 1500 unauthorized colonies in the city. The Municipal Corporation of Delhi has been told by the [...] Continue Reading »
The Delhi Fire Services (DFS) has asked hotels with more than 100 rooms, underground shopping complexes, buildings above 50 metres in height, district centres, oil and natural gas installations and outdoor stadium with more than 50,000 seating capacity to appoint fire safety officers under Section 29 of Delhi Fire Service Act. The building owners have [...] 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 »
