Delhi
A new policy has been drafted by the Haryana Government planning to introduce farmhouse townships in Gurgaon. The new plan came up after the failure of the state’s another scheme to set up 52 Special Economic Zones (SEZs) in Gurgaon. This project is been approached by developers who have acres of land to set up [...] Continue Reading »
In a move to bring in great relief for thousands of owners of Delhi Development Authority (DDA) flats, the properties registered between 2001 and 2011 on general power of attorney (GPA) and agreement to sell (AS) will be entitles for conversion. Transferring from leasehold to freehold that were registered on GPA and AS from 2001 [...] Continue Reading »
In order to transfer the maintenance of the Palam Vihar Colony, Ansal API has entered into an agreement with the residents’ welfare association. Even a written letter was submitted by API to the Municipal Corporation of Gurgaon (MCG) to transfer the ownership of the colony to the civic body. According to the senior API executive, [...] Continue Reading »
After a long pause, the work on all the four Metro projects in Gautam Budh Nagar district is expected to resume in May this year. The work was stopped for several months due to various reasons. As per some reports, Noida authority officials have taken this matter seriously and is working hard to complete all [...] Continue Reading »
As Gurgaon is booming steadily upwards in terms of real estate prices, various companies and industrialists are looking for investing in other options beyond the National Capital Region (NCR). As a result, Dharuhera, Bawal and Jhajjar in Haryana are emerging as alternative real estate destinations. The latest real estate destination is ‘Jhajjar’ in Haryana district. [...] Continue Reading »
The Metro firm has signed a loan arrangement for the second phase of the Intra City rapid metro project, while the first phase is all set to start in Gurgaon this May. The Rapid Metro Rail Gurgaon South Limited (RMGSL), the Special Purpose Vehicle (SPV) is formed for taking of the phase 2 project, has [...] Continue Reading »
The South Corporation and Delhi Development Authority (DDA) have engaged in a dispute over the fate of farmhouses in the city. Both the agencies are fighting to establish their authority over the properties that will bring Rs 600-1,000 crore into the treasury as convergence fee. The dispute started when DDA passed a proposal to bring [...] Continue Reading »
After the meeting with the group of Central ministers, the draft land acquisition bill for which the farmers protested against was called off. Government allowed to form a committee to look after the demand of the farmers demonstrating in Delhi since long time under the banner of Kishan Khel Mazdoor Mahapanchayat with a definite timelines. [...] Continue Reading »
The new monorail project will not only benefit the commuters, but the real estate of Gurgaon and Faridabad will also be impacted. The monorail, connecting Gurgaon to Faridabad, is expected to start in April or May 2013 as the trials are over. This monorail will connect areas like DLF 1, 2, 3, 4 and 5 [...] Continue Reading »
Within the next 3-4 years, Advance India Project will invest Rs 600 crore to build 600 premium residential units in Gurgaon. According to Executive Director of Advance India Projects Ltd (AIPL) Sanjay Sachdeva, they have estimated a budget of Rs 600 which is specifically kept for the development of the new project “The Peaceful Homes” [...] Continue Reading »
