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Property prices in colonies marked for regularization witness hike

Property prices in colonies marked for regularization witness hike
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 »

Delhi urges for safe housing than legal housing

Delhi urges for safe housing than legal housing
Delhi: The Delhi government has recently cleared a layout plan of East Azad Nagar in order to regularise illegal settlement. Just one day before the collapse of an illegal building in Thane that killed 74 persons, the Delhi government had cleared the layout plan of this colony. The last time when Delhi’s illegal colonies were [...] Continue Reading »

Real estate prices unlikely to reduce

Real estate prices unlikely to reduce
New Delhi- Real estate in India, in the present year 2013, seems to have a good start with many new launches, interest rate cuts, and quicker project approvals in progress. Finance minister P Chidambaram identified that many incomplete stalled projects could be resumed construction if supported by financial institutions. Reserve Bank of India (RBI) is [...] Continue Reading »

Builders selling parking space in apartments is illegal

Builders selling parking space in apartments is illegal
Realty builders of Bangalore are unauthorised to sell parking spaces, but still they collect money and provide ownership of the space to their tenants. Taking advantage of the ignorance of their tenants almost all the builders in the city have made it a practice to sell parking spaces in apartment complexes, gated communities and so [...] Continue Reading »



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