Housing
People can be disappointed if they are looking forth to the Delhi Development Authority (DDA) upcoming housing plan 2014 as the investment opportunity is not good. The DDA is making plans to introduce a clause that states that the people who will be allotted flats would be given the possession of the flat only after [...] Continue Reading »
The third highest increase in property has been observed in Mumbai in comparison to the other major cities over the past seven years. The rise in property is around 129 percent since 2007. Chennai has topped the chart with a 249 percent hike. The other cities that made to the list with an over 100 [...] Continue Reading »
The move that could help in boosting the development in Maharashtra to help in conversion of agricultural lands in cities and townships into no agriculture land has been simplified in a state cabinet meeting. In the present provision the owners of the land will not need to take collect permission previously to convert their land [...] Continue Reading »
The recent development plan for the state capital of Gujarat was proposed by the Gandhinagar Urban Development Authority (Guda). It talks about special policies to attract builders for more housing in the city. Discounts in jantri rates; special areas earmarked for housing projects for lower income, middle, and higher income groups will be taken up [...] Continue Reading »
In order to meet the demands of better urban living, the government has offered tax and non-tax incentives to promote investments in urban infrastructure and housing sectors. This includes REIT and InvITs and has also made provisions for increasing Plan outlay in the Budget 2014-15. After the presentation of the budget, the Urban Development and [...] Continue Reading »
In April 2013, a fire destroyed a slum cluster in Bawana. Recently, over 1,200 families – at least 4,000 people – lost their homes in a fire in Masoodpur Village. The houses in the slums are built of highly inflammable discarded stuff, including wood, plastics and frayed tent material. Most of the times, the authorities [...] Continue Reading »
According to the section 185 of the Companies Act 2013, a company cannot give loans to (or provide security on a loan taken by) a person in whom its director is interested. Such a director could mean a director of a lending company or its holding firm, or a partner or relative of any such [...] Continue Reading »
In a move to improve transparency and efficiency, The Delhi Development Authority (DDA) is planning to make its payment and financial transactions online within this year. DDA has engaged the consultant Ernst and Young to study processes in all its departments and prepare a request for proposal document. A DDA official pointed out that the [...] Continue Reading »
For both potential buyers and investors, real estate has come forth as one of the most aspired sectors.Due to the fact that there is always been major demand which keeps these investment attractive. Realty prices have increased so much in Delhi/NCR region and the delusion of owning a house has appeared to spiral out of [...] Continue Reading »
The Pune based real estate developer firm signed the agreement with another real estate Pune based developer Elite Landmarks to construct medium size apartments in Pune. As per the Panchshil this is first of its kind brand licensing in India. The Panchshil under its brand licensing division will be lending its brand, its architectural and marketing [...] Continue Reading »
