Ghaziabad gears up for second phase of smart city mission

GMC (Ghaziabad Municipal Corporation) is gearing up for necessary preparations in an effort to slot the city into second phase of smart city mission. The proposal for selection in the smart city program was earlier sent to the Union urban development ministry, but the city could not figure in the first phase of smart city...

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Noida Authority made green norms mandatory in tender documents

In an apparent move to safeguard environment and curb pollution menace in the city, the Noida Authority has reportedly come up with a new ‘green’ clause in the tender documents for the contractors, builders and developers. According to the clause, strict punitive actions will be taken against contractors violating the green norms as laid down...

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Report says tenancy in Mumbai for bachelors a fat chance

You may be the most eligible bachelor in your home town, but Mumbai is tough land for tenants like you! Yes, the moment you land in India’s financial capital, your tenancy, in all likelihood, may land in trouble if you are a bachelor. The report from ET Realty is running accounts of different people who...

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Budget 2016: Housing sector in the forefront of development

Budget 2016, which Finance Minister Arun Jaitley presented in Lok Sabha on 29th February 2016, has received howl of appreciation from Union Minister Venkaiah Naidu, calling it favorable for housing and construction sector of the nation. He said announcements in the budget such as tax rebates and reliefs, optimization and digitization of land records, simplifying...

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Budget 2016: Additional rebate of Rs 50000 for first time home buyers

Finance Minister Arun Jaitley has introduced an additional rebate of Rs 50000 in his third Budget for 2016, and with that he has elated first time home buyers, as they will avail the proposed deduction over the loan up to Rs 35 lakh against the property costing less than Rs 50 lakh. It is a...

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Modi government eyes on passage of real estate bill in the parliament’s budget session

The urgency of Real Estate (Development and Regulation) Bill can be understood by the fact that Narendra Modi led government in Centre is laying full-fledged emphasize on its passage in the current budget session of parliament, along with government’s highly ambitious Goods and Service Tax (GST) Bill. To the source, the government has currently maintained...

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Real estate bill likely to get parliamentary nod, said Naidu

According to Urban Development Minister Venkaiah Naidu, the real estate regulatory bill facing pendency for approval, and which was not given parliamentary consent last year, will get the approval in the ongoing budget session of the parliament. He said the passage of realty bill in the ongoing budget session of the parliament will be executed...

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Registration charges for Noida flats get costlier by 2%, buyers to feel the brunt

In what appears to be a double-whammy for home buyers in Noida, the department of Uttar Pradesh stamps and registration has decided to increase the registration charges for the flats in Noida by 7% from the prevailing  rate of 5%. The impending hike of registry charges will impact buyers financially, considering most of them are already...

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Work on smart city projects by June 25 : Naidu

Union Urban Development Minister M Venkaiah Naidu asked the winner of first 20 chosen smart cities to start working on the projects by June 25, and also directed them not to misuse the funds allotted for the smart city projects. Taking a dig on critiques condemning Modi-led NDA government for overlooking cities like Bihar and...

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Consumer Redressal Commission gave relief to homebuyers

It is a big relief to 132 home buyers in Pune. The National Consumer Disputes Redressal Commission (NCDRC) in New Delhi has directed builders to give customers the benefits of cost escalation rather than merely refunding booking amount without interest or compensation, considering the flats for which the buyers paid money and waited for years...

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