Lutyens’ Delhi
The main problem facing by the PWD department in Delhi is the shortage of spaces for further construction and for those that are already under progress within the congested cityscape. The secretary of urban development, Delh has asked the Department to consider the proposal of developing a 50km elevated road in the city. This is [...] Continue Reading »
Sotheby’s is planning to sell about 40 choice properties at list prices of Rs 15-200 crore in India. Among them is a bungalow in Lutyens‘ Delhi which is priced at Rs 150 crore and ‘private residences’ inside the ancient forts in Rajasthan. Hence now wealthy individuals looking to buy India’s most exclusive homes may not have [...] Continue Reading »
Passing relief to property owners in Lutyens’ Delhi, NDMC has revised land rates. The civic agency has decided to go with Delhi Development Authority’s land rates instead of the Delhi government’s circle rates, which it had adopted in 2008. This means there will be a massive drop in prices: what cost Rs 19.35 lakh per [...] Continue Reading »
Many high valued properties in India are avoiding the payment of stamp duty as the buyers are acquiring the shares of the construction company, which owns the property. In the process the buyers are not transferring the ownership of the property in their name by paying stamp duty. Thus the seller avoids the payment of [...] Continue Reading »
