real estate in Delhi
The Union Urban Development Ministry wants evaluation of properties along the metro corridors. Taking note of the appreciation in their property value, the Ministry wants the metro systems to increase their revenue generation methods and tap into the additional funds generated thereby. The metro rail corporation has been advised to develop real estate properties in [...] Continue Reading »
The Delhi government has planned to lift the restrictions on sale and purchase of properties in over 1,200 unauthorized colonies. The regularization process of the unauthorized properties in Delhi has started, and once it is completed, there will be no obligation in Sale and purchase of properties in those colonies. Almost 40 lakh people are [...] Continue Reading »
Property prices in East Delhi, or elsewhere in the National Capital Region (NCR), are hovering around Rs 17,000-24,000 per sq ft. The highest bid for a 5BHK apartment in the CWG village reflects the present scenario of the cost of the real estate properties in NCR. According to the market surveyors, the cost of the [...] Continue Reading »
The consumer forum has ordered TDI Infrastructure Pvt Ltd, a real estate firm to refund Rs 11.31 lakh to a customer for its failure to give him the possession of a shop in the desired time limit. Moreover, the booking amount was collected without having an agreement and it is considered as unfair trade practice [...] Continue Reading »
It is reported by the member of Rajya Sabha that the issues related to construction of residential apartment on Delhi outskirts and Noida extension are still unresolved. The delay in resolving the concerns is happening due to the red-tapism of the government. The member of the parliament has also claimed that The National Capital Region [...] Continue Reading »
The Delhi government has planned to construct eight new hospital in the city. This move will enhance the healthcare infrastructure of the city. Five projects will be done in Burari, Madipur, Siraspur, Hastsal and Ambedkar Nagar while two other will be constructed in Sarita Vihar and Pooth Khurd. A 750-bedded hospital is also being set [...] Continue Reading »
The Delhi Metro Rail Corporation requested the District Collector to speed up land acquisition for starting the construction work of the four bridges for the proposed Moolampilly-Chathanad four-lane road. According to a higher official of DMRC, the construction of the bridges are likely to start in a month. The requisite fund for the project and [...] Continue Reading »
The forum for Tax Advocates asked the Delhi Government to come out with a new scheme for builders and land developers who have been constructing buildings and offices on contract basis for non-payment of Value Added Tax. The president of the advocate association feels that in the coming budget for 2012-13 the Delhi Government should [...] Continue Reading »
The Parsvnath Developers plans to reduce its debt by selling some of its land parcels. Currently the firm has recorded a debt amount of Rs. 1250 crore. The main aim of the firm is to reduce the debt amount in the next 15 month. in the first step of the process, the firm planned to [...] Continue Reading »
The realty builder Parsvnath Developers planned to sell its commercial land in Connaught Place, New Delhi. The Sahara group and the ICICI are the major contenders for the land. It’s a 1.18 acre land at kasturba Gandhi Marg. Parsvnath Builders were bought the land in 2008, and planned to construct a retail cum office complex [...] Continue Reading »
