Delhi
In the first instance of its kind, the officials of a private developer firm have been arrested following complaints from buyers.The directors of Pal Infrastructure and Developers Pvt. Ltd were arrested on charges of fraud in their Faridabad project. As per the complaints, the builders started the construction work in 2006 without obtaining a license [...] Continue Reading »
After several failed attempts with different players, Jaiprakash Associates reportedly have got Irish building materials group CRH Plc. enter into India with them. As per reports the Irish group has entered the fray to buy Jaiprakash Associates’ cement plants in Gujarat and Andhra Pradesh. Jaiprakash Associates, a diversified Delhi-based conglomerate with interests in cement, power, [...] Continue Reading »
To improve the health facilities, under its jurisdiction, the East Delhi Municipal Corporation (EDMC) is planning to monitor the health institutions by special committees. Presently, there are 74 health centers under the jurisdiction of the East Corporation; with 40 providing Allopathic treatments while other 34 health centers under AYUSH. The officials have maintained that each [...] Continue Reading »
While we cherish with mobile and technology, but having a tower on the property can make you suffer, in case of both sales and rental. This subject is slowly gaining prominence across the country and there seems to be a gradual awakening to this problem. Most resident welfare associations are not giving permission to install [...] Continue Reading »
The Delhi high court has allowed the Capital’s land-owning agencies to execute “deeds of apartment” for home buyers in case a builder fails to do so. Allowing a PIL which sought a direction for enforcement of the Delhi Apartment Ownership Act, a bench of Acting Chief Justice A K Sikri and Justice Rajiv Sahai Endlaw [...] Continue Reading »
Assocham study reveals that the real estate industry is attracting substantial investments in seven of the 20 top well-performing states even as the property market is facing slowdown. Almost 50 percent of Haryana’s investment is being done in realty sector since December 2011. The services sector accounted for about 34 per cent of its total [...] Continue Reading »
Delhi Government has sorted out issues with Archaeological Survey of India and Forest Department and declared planned development to be carried out in the 98 colonies which were awaiting civic amenities at par with others. The executing agencies have been instructed to ensure better surroundings and sanitation for residents of the colonies. The government stated [...] Continue Reading »
It may have become the case that it is cheaper to buy a flat abroad such as in Dubai than at a posh location in Mumbai or in Delhi. The property price deflation in foreign countries since 2009 has given opportunity for Indians to buy houses abroad. Of late, most Indians seem to buy under-construction [...] Continue Reading »
Owing to liquidity crisis with its developer, DS Construction, Kundli-Manesar-Palwal Expressway (KMPE) has missed several time limits. Its recent deadline has been set to May 2013 by state governments of Haryana and Delhi after resolving the financial level of the developer. The delay in the project has disappointed many entrepreneurs and realtors who were betting [...] Continue Reading »
The buyers of property are further relieved in Delhi. In relation with the granting of the “deed of apartment” to landowners, the Delhi High Court has observed that the land owning agencies such as the Delhi Development Authority can execute the deed of apartments if builders fail to do so. It will help property buyers [...] Continue Reading »
