New Delhi
New Delhi: Following the legal approval given by the East Delhi Municipal Corporation to the first layout of an unauthorized colony, East Azad Nagar, the property prices in the area have almost doubled. The residents of the colony are hopeful that the colony’s new status will help them in selling off their properties with good [...] Continue Reading »
New Delhi: Delhi government seems to be reluctant to take any decision in case of the Delhi Rent (Amendment) Bill before the upcoming 2013 Assembly election as it may harm its prospects. Although the union urban development ministry and Delhi government worked very hard to regularize unauthorized colonies and farmhouses hoping electoral benefits, they have [...] Continue Reading »
Delhi-NCR: New Delhi stands in the second place among the most expensive office markets in Asia and fifth in the world, revealed a research report by real estate services firm Cushman & Wakefield. According to the list, New Delhi is in the second position in Asia Pacific following Hong Kong, after beating Tokyo as the [...] Continue Reading »
New Delhi: Realty developers are likely to seek finance ministry’s help against the proposed property tax to be imposed on property sales. The realtors are worried that the additional tax would curb the growth of the real estate sector which is already facing slowdown. By inserting Section 43CA in the Income Tax Act, the government [...] Continue Reading »
New Delhi- Real estate prices in Delhi are highest in the world, especially for the structures built a century ago during the British rule. Despite the fact that the bungalows seem to be fading away with chipping paint, moldy areas, water-stained ceilings and walls, along with lack of modern amenities, these are being sold at [...] Continue Reading »
New Delhi- Within two months time, the fare structure of Delhi Airport Metro Express has been revised twice. This time the concessionaire has increased the fares by Rs 30. The last time the concessionaire had revised fares was on January 23, when the Airport Metro Express service was relaunched after a break of six months. [...] Continue Reading »
New Delhi- Delhi Development Authority (DDA) has passed its budget for 2013-14 which mainly focuses on development of affordable housing projects in its sub-cities and infrastructure development projects, followed by maintenance of green areas, building community centres and multi-storey wedding venues and more. The DDA Budget for the fiscal 2013-2014 was passed on Tuesday at [...] Continue Reading »
New Delhi- As per the new Master Plan of Delhi, if a part of any property comes in the way of a development project which is carried by Delhi Development Authority, then the DDA will have complete right for land acquisition, but in return, as a part of compensation, the Authority has to give additional [...] Continue Reading »
New Delhi- The government of India has made a budgetary provision to promote setting up of waste-to-energy (WTE) plants in this year’s budget. Following the government’s measure on funding WTE plants, a debate has been started whether this was really needed or not. Waste management has become a muddle across many cities of India nowadays. In [...] Continue Reading »
New Delhi- The Union Budget has allocated budget of Rs 7,701 crore to Delhi Metro in the Budget 2013-2014, for Phase-III metro construction in Delhi. In 2012-2013 fiscal, Rs 4,511.89 crore (Plan and non-Plan combined) was allocated to the Delhi metro. Union Budget has increased the allocation by Rs 669.23 crore under the 2013-14 Budget. [...] Continue Reading »
