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CREDAI seeks tax sops in Budget to boost housing demand

Realtors’ apex body CREDAI has suggested the government to increase tax exemptions in the upcoming Budget to boost housing demand and enhance limit of deduction under section 80C of income tax for principal repayment on home loans. It also said that there should be a separate exemption for principal repayment on home loans. The Budget […]

Delhi: Rs 10-lakh development incentive to RWAs for segregating waste

NEW DELHI: To motivate residents segregate household waste, South Delhi Municipal Corporation (SDMC) has proposed to spend up to Rs 10 lakh for development work in areas where residents welfare associations (RWAs) are doing 100% segregation as per the solid waste management norms. The standing committee chairman, Rajdutt Gahlot, has proposed allocation of Rs 5 […]

What can a property buyer do to fix maintenance issues?

NEW DELHI: A high-rise society offers a bundle of amenities within its premises to residents. Be it security, lifts, uninterrupted water and electricity supply or other facilities such as a park or a gym to give a sense of comfort to residents. For residents to continue enjoying these services, maintenance plays a vital role. Without […]

DDA allots parking spaces to 1,214 flat owners under 2019 housing scheme

NEW DELHI: The DDA allotted on Wednesday free parking spaces across three categories to owners of 1,214 flats in Vasant Kunj under the 2019 housing scheme by conducting a draw of lots, officials said. The draw of lots was held at the Vikas Sadan, headquarters of the Delhi Development Authority. “Allotment of parking spaces wasn’t […]

Young Builders to apply for fresh green nod for housing complex near DU campus

NEW DELHI: A real estate firm building a housing complex adjacent to the Delhi University campus has told the National Green Tribunal that it will apply to the Environment Ministry for fresh environmental clearance for the project. The university has challenged the grant of environmental clearance, citing that the project was violative of the Master […]

Expeditiously allot flats to people living in identified JJ clusters: Delhi CM

NEW DELHI: Chief Minister Arvind Kejriwal on Thursday directed officials to “expeditiously” allot flats to people living in the city’s identified JJ (jhuggi jhopri) clusters. The chief minister chaired a meeting to review the status of the ongoing JJ cluster rehabilitation plan under Mukhyamantri Awas Yojana. Urban Development Minister Satyendar Jain also attended the meeting. […]

Construction of 1.68 lakh new houses approved under PMAY-Urban

NEW DELHI: Construction of 1,68,606 new houses have been approved under Pradhan Mantri Awas Yojana (Urban) taking the total to 1.1 crore so far. The decision was taken in the 52nd Meeting of the Central Sanctioning and Monitoring Committee (CSMC) 14 States/UTs participated in this meeting. These houses are proposed to be constructed across the […]

Delhi: Rs 10-lakh development incentive to RWAs for segregating waste

NEW DELHI: To motivate residents segregate household waste, South Delhi Municipal Corporation (SDMC) has proposed to spend up to Rs 10 lakh for development work in areas where residents welfare associations (RWAs) are doing 100% segregation as per the solid waste management norms. The standing committee chairman, Rajdutt Gahlot, has proposed allocation of Rs 5 […]

DDA amends master plan to increase FAR, ground coverage for warehousing

NEW DELHI: The Delhi Development Authority has approved the FAR (floor area ratio) in warehousing from 80% to 100% and ground coverage from 30% to 40% to give a boost to warehousing demand in the capital. The authority had to amend the Master Plan of Delhi (MPD) to bring about the changes. “Due to lack […]

Delhi government grants Rs 10,000 each to 407 construction workers

NEW DELHI: The Delhi Building and Other Construction Workers Welfare Board on Wednesday granted COVID-19 relief disbursement of Rs 10,000 each to 407 out 39,600 construction workers under the directions of Deputy Chief Minister and Labour Minister Manish Sisodia. As per a statement, over 2,000 construction workers who had registered with the Board in March […]

HC issues notice to Delhi government, DDA, NDMC over earthquake stability orders

NEW DELHI: The Delhi High Court on Tuesday issued a notice on a contempt plea filed against Chief Secretary of Delhi, Commissioners of three municipal corporations of Delhi, Chief of New Delhi Municipal Council (NDMC) and Chairman Delhi Development Authority (DDA) for allegedly non-compliance of Court’s earlier order relates to seismic stability of buildings in […]

South Delhi civic body seals 18 properties over tax default

NEW DELHI: Intensifying its drive against property tax defaulters, South Delhi Municipal Corporation on Tuesday sealed 18 commercial properties for not paying the outstanding property tax of Rs 1.2 crore. A senior SDMC official said the assessment and collection department took suo motu cognisance and initiated the sealing action under Section 123 of Delhi Municipal […]

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