Haryana
In an expected reaction, industry body Assocham on Tuesday said the realty sector and investments in Haryana will be hit following the High Court order directing the state government not to issue permits for construction unless builders give in writing that groundwater will not be drawn by them. The body asserted that the order could [...] 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 »
The Punjab and Haryana high court has barred the state government and other agencies from issuing fresh licenses for any construction activity in Gurgaon unless builders gave an undertaking to not draw underground water. Raising concerns about the depleting groundwater level in Gurgaon, the bench asked the state officials to give details of how many [...] 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 »
Gurgaon will procure a new ‘signal-free’ road by 2014, developed by IL&FS Engineering and Construction Company. The firm has announced that it has won Rs 394.3 crore contract from India’s largest real estate developer DLF for construction of a road in Haryana. The 8.3 km road, starting from NH-8 to sector 55/56 at Gurgaon, will [...] Continue Reading »
The real estate developers of Delhi are resting at ease as the master plan for Greater Noida 2021 gets a step closer to approval. They believe that they would be able to resume construction once the National Capital Region Planning Board (NCRPB) gives the proposal a go-ahead. Though the final clearance from NCRPB is yet [...] Continue Reading »
A new committee has been formed by the government to examine whether the home ministry’s resident ID card (RIC) scheme can be used to deliver financial services, rural employment, public distribution system and health insurance. For the public distribution and direct cash transfers, the government has planned to use the Aadhaar platform of the Unique [...] Continue Reading »
Haryana Government has finally started the property tax collection process after imposing it ten days back in the state. The property tax will be collected from owners of residential, commercial and institutional buildings across Haryana. If all goes in a correct manner, then the financial commissioner principal secretary (FCPS) informed that demand notices of property [...] Continue Reading »
More than 300 applicants of Purab Premium Apartments have already demanded to cancel their allotments and to refund their money. The applicants wants to opt out as the government has put a five-year lock-in period for sale or transfer of the flats under the scheme. Most of the applicants said that they were not aware [...] Continue Reading »
The developing areas in and around Delhi has reason to cheer up! The connecting towns and cities around Delhi and NCR region is being planned for all round development. The Haryana chief minister Bhupinder Singh Hooda has announced Rs. 10 crore to be sanctioned for the development of Palwal villages and towns. At Palwal, the [...] Continue Reading »
