Flats
New Delhi Municipal Council (NDMC) has decided to float a scheme to check on government employees who sublet their allotted homes. Under this, the civic body has asked complainants to inform about any such flat and gain allotment of the same. The subletter will have to evict the house and also face hefty penalty. Under [...] Continue Reading »
With one developer scrapping its project, the dream of affordable housing in Greater Noida West (Noida Extension) has started to shatter. Even though the master plan got approval from the NCR Planning Board, the issues of farmers and home buyers have still not been sorted out. Construction has not even resumed in several sites. Around [...] Continue Reading »
With the development of Yamuna Expressway, the land prices in this area have trebled and is now valued between Rs 25,000 to Rs 30,000 per square yard. Land mafia is now eyeing on the highly priced land along this area. Recently, the Yamuna Expressway Industrial Development Authority commented that mafia began to show interest in colonizing tracts [...] Continue Reading »
Delhi- After five years from now, a common man would find it very difficult to afford a house in Delhi, predicts a survey. The current average price of a house in Delhi is Rs. 1.93 crore whereas in the next five years, it is estimated to hit Rs. 3.27 crore which signifies an increase of [...] Continue Reading »
Majority of the builders have starting selling apartments on the basis of carpet area instead of the super built-up area after years of delay and now it has become the norm. Even the buyers are ready to pay as they have to pay for the actual area of their property. The best thing about it [...] Continue Reading »
After the failure of various schemes like Ashraya Yojana and Rajiva Awas Yojana, the government is planning to build apartments for poor instead of independent houses which occupy more space. The government is planning to accommodate 2,000 to 3,000 citizens in each apartment complex. The Hubli-Dharwad Urban Development Authority (HDUDA), HDMC and the slum board [...] Continue Reading »
Some of the lesser-known nodes in Navi Mumbai are touted to bring in good returns for property investments. Places like Kalamboli, Ulwe and Roadpali are the areas where an apartment buyer can expect at least 20-30 per cent returns on investments, owing to appreciation in apartment prices. Infrastructure and the location of these areas are [...] Continue Reading »
The Maharashtra State Consumer Disputes Redressal Commission recently ordered two builders to pay a total of Rs 29 lakh to the LIC Housing Finance Ltd. The decision came after the builders had failed to hand over flats to three city residents who had booked them in 2003. The three buyers field three separate complaints in [...] Continue Reading »
Outskirts of Bangalore are witnessing unprecedented growth and price appreciation. Metro connectivity to areas like Kanakapura road, Sarjapur, Devanahalli and Mysore Road have boosted the realty prices of places like Hoskote and Bidadi. The price escalations in the peripheral districts of Bangalore have been reported to be even sharper than in the Central Business District [...] Continue Reading »
In order to showcase properties across Nashik under one umbrella and provide buyers the opportunity to purchase real estate in Nashik, the Confederation of Real Estate Developers’ Association of India (CREDAI) has planned a real estate expo in the city. The realty expo – ‘Shelter’ will be organised in the city from December 20-23. CREDAI [...] Continue Reading »
