If the Budget turned out to be a non-event for the real estate sector except for benefits to Real Estate Investment Trusts (REITs), the Reserve Bank of India last week offered some relief to home buyers, especially those belonging to the low-income category and for houses that may fall in the affordable category or in Tier II and …
Continue reading “Home Loan: RBI Reduces Burden On Buyers, Industry Calls Move ‘Insufficient’”
The MCG has decided to waive property tax for the financial years 2008-09 and 2009-10. The relief will be provided to self-occupied residences with owners who do not have any pending dues till 2008. According to MCG, property taxes of those who have already paid for the said period will be adjusted against future payment. …
Connaught Place in New Delhi has emerged as the 5th most expensive office space location in the world, according to Cushman & Wakefield’s annual global survey based on office rental values at the end of 2014. The survey that ranks locations across Americas, Europe, Asia Pacific, Middle East & Africa, noted that Connaught Place rose …
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Home buyers in Noida may not have to pay registration charges according to current circle rates for flats completed earlier if the state government approves a plan to ease this financial burden. The district administration has proposed a ‘zero period’ from the date of completion of a flat to the date of registry, which could …
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HUDA has begun work on creating a green buffer as per Gurgaon Master Plan 2031, where 1,349 acres of green cover will be planted on the city’s outskirts to check pollution and improve air quality. According to HUDA sources, land acquisition for the project has been expedited following directives from the chief administrator’s office. Farmers …
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NEW DELHI: The government’s initiative for creating 100 smart cities achieved a major milestone today as the various stakeholders came out with the criteria for the selection and ranking of cities and also broadly agreed on innovative financing models and urban governance reforms to be implemented as part of the project. The way forward emerged …
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Even as construction work on the 28-km Noida-Greater Noida Metro link is slated to begin in March this year, a proposal made in 2013 to allow more realty space along all Metro corridors could be notified by the state government at the same time. The Noida and Greater Noida Authorities had proposed a 0.5 increase …
NEW DELHI: The Delhi Development Authority is drafting a policy on financial and non-financial initiatives to promote green buildings in the national capital. “DDA will soon come up with a policy defining the financial and non-financial initiatives to be offered to those who live in green buildings. The policy will set a precedent for development of …
