New Delhi
Civic authorities in Delhi have taken a strong stand against property tax defaulters. The South corporation has attached the bank accounts of 114 properties, which have been defaulters. People and organisations with the highest amount of pending payments have been targeted by the authorities. Most of them had not paid taxes for years despite repeated [...] Continue Reading »
There has been considerations regarding verticalisation of Delhi in the new master plan for 2021 by allowing higher floor area ratio (FAR) in the city. The aim behind such plan is to increase housing stock and rejuvenate some old commercial areas. Property rates in Delhi, especially in the south and central parts, have soared to [...] Continue Reading »
Unitech, a New Delhi-based real estate developer, has expressed apprehension about various regulatory measures to be taken up to regulate real estate industry. He stated that various bills related to land and real estate sector may impact the sector’s growth if proper balance is not maintained between the various stakeholders’ interests. Land Acquisition, Rehabilitation and [...] Continue Reading »
Emphasis on energy efficiency seems to be shifted to smaller buildings of late. In order to help smaller buildings in Delhi to reduce their carbon footprint, a special programme has been devised. An offshoot of GRIHA – the green rating for integrated habitat assessment – SVAGRIHA has been conceptualised especially for buildings that are less [...] Continue Reading »
The Bharatiya Janata Party seems to have stand by the apartment owners of Delhi. The political party has backed the 22 lakh apartment owners in the Capital by demanding that the Delhi Government should immediately implement the provisions of the Delhi Apartment Ownership(DAO) Act, 1986. Till now representatives of Delhi Residents’ Front, the federation of [...] Continue Reading »
Around 20 allottees recently got possession of their HIG Dwarka flats built under Delhi Development Authority (DDA)’s 2010 housing scheme. However, the ‘ready-to-move-in’ flats are still devoid of basic facilities like water, electricity connections and roads. Of the 930 high-end flats in the complex, 217 are still under construction. Though DDA officials had claimed that [...] Continue Reading »
Right pricing and small ticket sizes seem to have placed South Indian real estate in a much better place than real estate players in Mumbai and Delhi. Bangalore and Chennai seem to get their property strategy right. When most developers in India are battling high interest rates, sluggish sales, delays in new launches and a [...] Continue Reading »
A decision has been taken that a team of councillors of the Municipal Corporations along with officials is all set to visit different cities in order to find the most suitable technology for setting up a sewerage treatment plant in the cities. The team will be visiting Mumbai and Delhi to observe the functioning of [...] Continue Reading »
According to National Housing Bank (NHB) data, housing prices have risen by up to 10.5 per cent in 16 major cities of the country in the April-June period, while only three towns have witnessed a marginal fall. The data is taken from NHB ‘RESIDEX’ which tracks the movement in prices of residential properties on a [...] Continue Reading »
Municipal Corporation of Delhi is all set to take strict action against at least five lakh property owners all over Delhi who have not been paying conversion and regularization charges to the corporation. The east corporation is sending notices to 6,000 commercial establishments that have not paid conversion charges to the corporation and the north [...] Continue Reading »
