New Delhi
New Delhi has plans of expanding realty sales along with boosting viability of road and highway projects. To balance realty fiscal stress, the government has introduced new scheme of ultra mega road projects (UMRPs). The realty firms who accept these orders will be availed to develop real estate projects alongside the stretches. Rs 20,000 crore [...] Continue Reading »
A sigh of relief can be felt by the home buyers by the recent dip in interest rates! Delhi’s renowned firm, BPTP has tied up with HDFC to provide home loans at a cheaper interest rate of only 5.99%. This scheme is to lure more and more buyers to avail affordable home loan for recently [...] Continue Reading »
Finally, flat owners who had booked their flats in Commonwealth Games Village can breath a sigh of relief. Delhi Urban Arts Commission (DUAC) has recently agreed to hand over the completion certificates after long objections. Emaar MGF had the largest share in the area with 400 flats out of 1168. Delhi Development Authority (DDA) will [...] Continue Reading »
Recession hitting the job markets also had a bad impact on commercial spaces! Due to the current economic scenario, demand for office spaces in metro and major cities in the country has gone down drastically. In April-June quarter, the demand was 10.5 million sq ft area and in July-September quarter, it has fallen down to [...] Continue Reading »
Being an era of social networking, the real estate biggies like; DLF, Parasvanath Prestige have started following Facebook (a social networking website) to promote their realty projects. On the launch of Capital Green Phase III in New Delhi, DLF created a Facebbok page, Regus, world’s largest provider of flexible workspaces have expanded their business with [...] Continue Reading »
Supreme Court in New Delhi has taken a responsible step of revealing the burden flat owners. After the expiry of specified time mentioned in the house agreement, neither the authority nor the developer is barred from collecting additional prices from the flat allottees. Much before, the Haryana government said that the authorities can demand additional [...] Continue Reading »
The excess area built in the apartments will be regularised only after the developers pay market prices for the same. The same scenario was witnessed at Commonwealth Games village apartments in New Delhi by the Delhi Development Authority (DDA). Also the completion certificate has not been issued to the flat buyers in CWG village apartments. [...] Continue Reading »
Municipal Corporation of Delhi (MCD) is busy preparing and scheduling tasks for the upcoming elections in New Delhi. In this scenario, BJP ruled MCD as well as Standing Committee of MCD has rejected the plan of hiking the property tax. The budget proposals for the next financial year 2012-2013 revealed that amendments or hike in context [...] Continue Reading »
The new Bill introduced in lokh sabha will soon be giving provisions for the banks to accept the immovable properties. Banks and financial institutions in New Delhi at present are not empowered to accept immovable property in concern against the defaulting borrower. The amendments will be made accordance with The Enforcement of Security Interest and [...] Continue Reading »
Municipal Corporation of Delhi (MCD) Appellate Tribunal has passed orders to de-seal the flats at Commonwealth Games Village (CGV) in New Delhi. Around 65 flats were sealed after the High Court (HC) orders were passed, 12 flats have already been de-sealed at CGV. Delhi Development Authority (DDA) had sealed these flats at CGV for having excessive [...] Continue Reading »
