Property in India
Centre has sounded warning to State governments over reports that foreign nationals are buying immovable property illegally in some parts of the country in violation of the rules and regulations under FEMA. In a recent letter to State governments including Orissa, Centre has intimated that foreign nationals coming to India and staying beyond 182 days [...] Continue Reading »
Keep your property documents ready before survey department officials come to your door steps for registration under Urban Property Ownership Record (UPOR) process. This is the first initiative in India to streamline the ownership registration of urban properties. It is expected to start soon in Bangalore. The move includes issuing of Property Records (PR) cards [...] Continue Reading »
The South Delhi Municipal Corporation has started demolishing illegal buildings in Hauz Khas. The corporation successfully demolished two illegal constructions in the Hauz Khas village. As per officials, stringent action will be taken against all the illegal constructions taken place after February 2007. This issue was highlighted in the media and was also discussed in [...] Continue Reading »
Delhi: Rohini Sector 9 is becoming a hot investment place due to the connectivity with the other parts of the city and easy access to schools, colleges and offices. Rohini Sector 9 properties have become the upmarket investment sector in Delhi which pushed the price of the properties and hence multi-storey apartments in Rohini Sector-9 [...] Continue Reading »
In a move to extend Lal dora boundaries, Delhi Development Authority’s (DDA) advisory group has approved and included the extension of Lal dora areas in Master plan 2021. The extended Lal dora land which came up till 2007, will be given residential status according to the decision taken by the authority. The master plan was [...] Continue Reading »
Delhi-NCR : The new rule from the Delhi high court have restricted transfer and sale of plots by owners from housing societies. Soami Nagar cooperative house building society has recently been penalized by Justices Sanjay Kishan Kaul and Vipin Sanghi for the sale of a plot by its member to an outsider. The society has [...] Continue Reading »
New Delhi : The Competition Commission of India (CCI) initiated an investigation against five prime real estate developers for alleged competitive practice. Around 23 cases were filed against DLF, Larsen & Toubro, Tulip Infratech, Omaxe and JP Association, as reported to Rajya Sabha by corporate affairs minister, Sachin Pilot. DLF is filed with 15 more cases and a [...] Continue Reading »
Most of the people in India prefer to buy a house as a residential property. One who had invested in purchasing a residential property in India, can enjoy different benefits after retirement. A property in India can be used as collateral and the owner can take a loan to supplement his post-retirement income. But this [...] Continue Reading »
The real estate sector in India will find it helpful for their growth as the Indian cement companies are looking at reducing the costs of cement. The cement industry has found that in last three months, higher inflation and the lower demand for property in India due to costly home loans have impacted real estate [...] Continue Reading »
Investment in real estate plays a dominant role to the NRIs due to its rate of appreciation and the periodical returns on the investment. According to the new investment norm, NRIs can invest through their representatives in India by giving a power of attorney to act on their behalf. A copy of the power of [...] Continue Reading »
