New Delhi
The footpath construction work has been half done in Saket at New Delhi. The Public works department (PWD) which was suppose to finish its construction work has left road situations worse than before. It has been two months since the footpath work has started and till date the road is in the same worse condition! [...] Continue Reading »
The garden city has been a spotlight of the year claiming crown of being the 10th most favorite spot for realty investment in Asia Pacific region. This was revealed according to the recent study conducted by Price water house Coopers (PwC) and Urban Land Institute. The mega trends in residential and commercial realty sector in [...] Continue Reading »
Parsvnath Developers, a known name in the realty market is to raise Rs 700-800 crore to clear its debt which stands at around Rs 1,200 crore. The group will sell its 1.2-acre Kasturba Gandhi Marg plot located near Connaught Place. The property consists of a bungalow and has been termed as commercial space which will [...] Continue Reading »
According to the revision of property tax, VVIP areas are spared of the new of the same. As per the New Delhi Municipal Council‘s (NDMC) budget, apart from having no new developments, VVIP areas are spared to pay any extra property tax. The civic body alleges that there is no increase in property tax and [...] Continue Reading »
One can get sanction of building plans within a span of 60 days. The New Delhi Municipal Corporation (NDMC) has appointed six citizen-centric services under Service Level Agreement (SLA) to ensure implementation of same plan. The NDMC agency has commenced preparing applications for sanction of building plans, water and electricity connections. NDMC officials say that [...] Continue Reading »
Home buyers are taken for a surprise when they are asked to pay under interest subvention scheme. Under this scheme, some of the buyers who have made a payment of initial amount have this right of not paying the EMI (equated monthly installment) for the time period when the property is under construction till its [...] Continue Reading »
Regulation of real estate is a major concern in our country. For this reason, Government is holding talks with many stakeholders for discussing issues related to regulation and development of real estate in the national capital. After taking suggestions from general public, a few months back, the Ministry of Housing and Urban Poverty Alleviation consulted [...] Continue Reading »
Real estate market has grown a lot from an unorganized sector to a real industry. As many things has been advancing in this sector, the development firms are also thinking of new ways to market themselves. Many renowned developers in the country are adopting the mantra of hiring professional and educated chief executive officers, financial [...] Continue Reading »
Now, Government can not acquire any land they wish. Supreme Court has ordered that government can acquire only those lands if it has a genuine need of it. Furthermore, it said any private properties can not be acquired under urgency clause. Only if there is real emergency, then it can be used if proper justification [...] Continue Reading »
BPTP, a renowned real estate developer has bought Merrill Lynch’s stake in its Gurgaon property. The developer buys 49% of Merrill Lynch stake in the Gurgaon Crest office complex for Rs 180 crore. In 2007, Merrill Lynch had invested Rs 100 crore in the project. Even BPTP has its own office in the same complex. [...] Continue Reading »
