NEW DELHI: The government needs to take measures for improving financial viability of rental housing projects such as exemption of property tax for pre-defined period and ease of capital for development, according to property consultant CBRE. In its report ‘The Advent of Rental Housing in India’, the consultant said that more than 11 million sold […]
NEW DELHI: Housing prices may rise 5 per cent next year on improved demand, accordingto Knight Frank India.In its ‘2022 Outlook Report’, the property consultant said: “While 2021 was mostly impacted bythe volatility due to the pandemic, 2022 may prove to be a more stable year for the sector bothfor commercial as well as the […]
GREATER NOIDA: The Greater Noida Authority has begun preparations to developa commercial market complex on the lines of Delhi’s Connaught Place near Sector Chi-Phi. Yetto be named, the market complex is expected to come up in an area of about 4-5 acres and willhave 2-4 floors.From the many designs that were invited, the final approval […]
NOIDA: Residents of Jaypee Wish Town continued with their sit-in protest against the frequent increase in maintenance charges on Friday, prompting the Noida Authority to step in later in the Day. In a communication, Authority’sadditional CEO Neha Sharma directed the facility management group (FMG) of the developer, Jaiprakash Associates Limited, to stall the latest hike […]
GREATER NOIDA: The Greater Noida Authority has directed the developer of Gaur Atulyam Society in Sector Omicron 1 to rectify the problems of seepage in the flats and basements by early January next year and give details of all the expenses incurred on the maintenance of the society in the past three years. The initiative […]
NEW DELHI: Realty firm Parsvnath Developers has acquired 4,751 square metres ofcommercial plot in Greater Noida for nearly Rs 14.8 crore after settlement of its dispute with thedevelopment authority, according to the company’s chairman Pradeep Jain.In a tender process held in 2007, the company was allotted over 18,000 square metres of ploton a 90-year lease […]
DLF Ltd plans to launch 7.7 million sq ft of real estate projects in the second half of 2021-22 withprojects that includes value homes, premium housing and commercial properties, said a seniorexecutive in an analyst call.This is one of the biggest targets set by the real estate developer in recent times.The company is also expected […]
NOIDA: Around 150 residents of Jaypee Wish Town staged a protest on Thursday against the developer for frequently hiking the maintenance charges of the society. One resident had to be taken to Jaypee hospital for a check-up after he complained of breathing difficulties when the guards tried to remove the protesters. The residents demanded immediate […]
NEW DELHI: A parliamentary panel has sought in detail the current status of the implementation of the Master Plan of Delhi-2021, outlining achievements, failures or delays.In a report presented to the Lok Sabha, the Public Accounts Committee (PAC) asked the Ministry of Housing and Urban Affairs and the DDA to furnish various details. The committee, […]
NEW DELHI: NBCC will be refunding the money paid by flat owners in its housingsociety, NBCC Green View in Gurugram, along with interest as the company has asked theresidents to vacate the premises for safety reasons.This was stated by NBCC chairman Pawan Kumar Gupta. However, the interest rate is yet to bedecided by the company’s […]
NEW DELHI: To give relief to residents of south Delhi from paying property tax at increasedrates, the deliberative wing of South Delhi Municipal Corporation is likely to withdraw theincreased taxes proposed by the commissioner for next financial year in the budget.The committee also aims to reduce the 1% education cess charged on annual/rateable value ofproperty. […]
NEW DELHI: The union cabinet, chaired by the prime minister Narendra Modi, has approved the proposal of the department of rural development for continuation of Pradhan Mantri Awas Yojana- Gramin (PMAY-G) beyond March 2021 till March2024 as per the existing norms to complete remaining houses within a cumulative target of 2.95 crore houses. Financial assistance […]
