New Delhi
New Delhi- In a recent announcement made by the North Delhi Municipal Corporation officials, it was stated that they will hire a private agency in order to initiate a survey and make a report of all properties within their jurisdiction. According to an NMDC official, a survey has already been carried out by an agency from the Delhi Government. [...] Continue Reading »
New Delhi- The city government was asked to revive its panel to re-look into the lawyers’ body plea formed against the formation of 11 judicial districts by the Delhi High Court. The jurisdiction of few areas has been transferred to many places away from district courts. The Delhi High Court bench consisting of the Chief Justice D Murugesan [...] Continue Reading »
New Delhi- National Housing Bank (NHB) is planning to offer a special refinance scheme to mortgage lenders for loans to urban low-income housing groups to buy affordable houses. With this move, the housing finance regulator is likely to create a long-term market for fixed-rate housing loans and boost affordable housing. The new refinance scheme for [...] Continue Reading »
New Delhi- The two Sahara group firms who are subjected to refund a sum of Rs. 24,000 crore to their investors will have their plea heard by the same bench which had refunded on August 31 2012. The Sahara firms are subjected to pay 15 percent interest to their investors. The bench which had refunded will be [...] Continue Reading »
New Delhi- The Delhi residents can now heave a sigh of relief as the government has relaxed the norms pertaining the construction of extra floors in residential flats with multiple ownerships. This step by the government was taken in order to eradicate corruption and get the building plans of the owners sanctioned as early as [...] Continue Reading »
New Delhi- One of the key ideas to increase the gross domestic product (GDP) growth in India are the reforms in the real estate sector. As per an official of a real estate association, the tax reforms and the steps to cater the low cost funds via external commercial borrowings will result in an increased GDP [...] Continue Reading »
New Delhi- With the start of the New Year 2013, there have been various changes in the realty sector. Two crucial bills, i.e. the Real Estate Regulation Bill and Land Acquisition Bill were be passed in the year 2013. This will further encourage the stakeholder’s sentiments in the next few quarters. This year will also initiate [...] Continue Reading »
New Delhi- The revenue Department of Delhi is all geared up to initiate the sale and purchase of the 312 colonies which are constructed on the private land. This proposal was recently approved by the Lieutenant Governor’s office and will be notified by the coming week. The revenue department had sought permission to allow the sale and purchase of the land [...] Continue Reading »
New Delhi- With Indian real estate booming from the past decades, India has become a hotspot for not just nationals, but also for NRIs to make investments. Most NRIs now prefer investing in their homeland and settling down here. As per studies conducted in the year 2012, about 40 percent of the Delhi-NCR properties were from NRI investors. NRIs [...] Continue Reading »
New Delhi- Delhi government has approved regularisation of around 205 unauthorised colonies in the city. The proposal to regularise the settlements were given provisional regularisation certificates four years ago, but were kept pending till now. In this regard, a meeting of the Delhi Cabinet presided over by Chief Minister Sheila Dikshit was held and the [...] Continue Reading »
