Delhi
Parsvnath Developers, a known name in the realty market is to raise Rs 700-800 crore to clear its debt which stands at around Rs 1,200 crore. The group will sell its 1.2-acre Kasturba Gandhi Marg plot located near Connaught Place. The property consists of a bungalow and has been termed as commercial space which will [...] Continue Reading »
According to the revision of property tax, VVIP areas are spared of the new of the same. As per the New Delhi Municipal Council‘s (NDMC) budget, apart from having no new developments, VVIP areas are spared to pay any extra property tax. The civic body alleges that there is no increase in property tax and [...] Continue Reading »
Parking chaos has right now grabbed the attention of New Delhi Municipal Council (NDMC)! Now, it is time for NDMC to prepare a budget for the year 2012-13. Therefore, they are making sure of clearing all the pending civic works like; water, power supply and parking chaos in the city. Fed up with maintaining parking [...] Continue Reading »
A fund of Rs 1000 crore has been raised by ASK Property Investment Advisors to invest in Indian projects. The cities chosen for investment purpose are Delhi, Mumbai, Bangalore, Chennai and Pune. The main focus of the group is only on residential projects. Half of the fund, i.e, Rs 500 crore had been raised by [...] Continue Reading »
Home buyers are taken for a surprise when they are asked to pay under interest subvention scheme. Under this scheme, some of the buyers who have made a payment of initial amount have this right of not paying the EMI (equated monthly installment) for the time period when the property is under construction till its [...] Continue Reading »
A mindless planning of the infrastructure has lead common people of Delhi suffer! The corporation elections are soon approaching and almost half of the developmental works are kept unattended. Here comes an end to Municipal Corporation of Delhi (MCD) projects which was assigned for the year 2011. However the civic body seem not to have [...] Continue Reading »
Residents of illegal colonies, villages and other resettlement colonies demanded the government to regularize these type of colonies over a meeting. They also urged to rate the electricity at subsidy basis and provide it to the residents of such areas. Large number of residents participated in the meeting organized by Delhi Vikas Morcha at Tughlakabad. [...] Continue Reading »
The Delhi Electricity Regulatory Commission (DERC) from now onwards have to complete any given work in the time line, if not they have to be ready to shell out Rs 500 per day for inefficient service. This mandatory rule is under the draft of Delhi Electricity Supply Code and Performance Standard Regulations, 2010. Also, as [...] Continue Reading »
It is quiet surprising to know that neither Bangalore nor Delhi are the affluent neighbourhoods in the country. Faridabad is known as the one of the richest neighbourhood with average income of every house being Rs 22.96 lakh. Sectors 14, 15, 16, 16A and 17 are the main areas in the race. Others which follow [...] Continue Reading »
Now, Government can not acquire any land they wish. Supreme Court has ordered that government can acquire only those lands if it has a genuine need of it. Furthermore, it said any private properties can not be acquired under urgency clause. Only if there is real emergency, then it can be used if proper justification [...] Continue Reading »
