Corruption ,Defaults or Policy shifts

real estate

Developers Continue To Acquire Land As Demand For Real Estate Increased

Listen To The Article NCR Came In Second Highest With 22 Land Deals Closed In 2023Land Transactions Made In 2023Real Estate Deals Done In 2023Real Estate Deals In 2022 With the highest 25 land deals in the Mumbai Metropolitan Region (MMR) and at least 97 separate land deals totaling over 2707 acres closing in 2023 across the nation, at least 72% of the total land area closed in 2023 is expected...

Kanhai Chowk

GMDA To Start Redesigning Work At Kanhai Chowk To Ease Congestion

Revolutionizing Kanhai Chowk: GMDA's Bold Move To Ease TrafficGMDA Collaborates With Raahgiri Foundation For Urban SquareGMDA Implements Road Safety Measures at Kanhai Chowk Kanhai Chowk, is now undergoing a makeover by the Gurugram Metropolitan Development Authority (GMDA) in an effort to ease traffic. It is one of the most significant junctions in the city and its redesigning work to improve commuter...

Haryana Municipal Urban Built-Plan Reform Policy

Haryana Municipal Urban Built-Plan Reform Policy, 2023: Transforming Residential Plots To Commercial

The state cabinet approved the "Haryana Municipal Urban Built-Plan Reform Policy, 2023" at a meeting presided over by Chief Minister Manohar Lal Khattar. Table Of ContentsIntroduction To Haryana Municipal Urban Built-Plan Reform Policy, 2023Key Provisions And Application Process Haryana Municipal Urban Built-Plan Reform Policy, 2023 The Haryana cabinet approved a policy that will allow residential...

A Total Of 40 Stilt+4 Units Are Sealed In Gurugram For Commercial Activities

A Total Of 40 Stilt+4 Units Are Sealed In Gurugram For Commercial Activities

The Department of Town and Country Planning (DTCP) has sealed 40 such establishments and given sealing warnings to over 200 structures in a month as part of a massive crackdown on illegal marketing of stilt-plus-four houses in authorized colonies in the city. Today, the Enforcement Wing sealed 18 premises in DLF complexes where commercial activities such as guest houses and spas were being run from...

Godrej Properties Ready To Buy Back All Units Of Godrej Summit Project In Gurgaon

Godrej Properties Ready To Buy Back All Units Of Godrej Summit Project In Gurgaon

Godrej Properties is ready to repurchase all the units sold in the Godrej Summit project in Sector 104, Gurgaon. This decision comes after the concrete used in the construction was found to be contaminated with chloride, causing corrosion in the steel reinforcement when mixed with water. According to Executive Chairperson Pirojsha Godrej, only around 50 residents have shown interest in selling back...

Affordable Housing Projects Rates Revised In Gurugram, Faridabad

Affordable Housing Projects Rates Revised In Gurugram, Faridabad

The price of affordable flats in Gurugram, Faridabad, Panchkula, Pinjore, and Kalka has increased from $4,200 per square foot (sq. ft.) to $5,000 per sq. ft. as a result of new rates announced by the department of town and country planning (DTCP) on Thursday. Additionally, the cost of a balcony has gone up from $1,000 to $1,200 per square foot. However, according to the regulation, if the balcony is...

Purchasing Property In Delhi Will Now Costlier As One Percent Hike In Transfer Duty

Purchasing Property In Delhi Will Now Costlier As One Percent Hike In Transfer Duty

The Delhi government announced a 1 percent increase in transfer duty on properties priced above Rs 25 lakh throughout the city, purchasing real estate in the National Capital would now be more expensive. The Municipal Corporation of Delhi (MCD) accepted the increase in transfer duty in May 2022, but the Delhi government didn't issue a notification regarding it until July 10, 2023. The transfer...

Every Stilt+4 Floor Building In Gurugram Will Have An Individual Water Connection

Every Stilt+4 Floor Building In Gurugram Will Have An Individual Water Connection

The Municipal Corporation of Gurugram is getting ready to require separate water connections for every floors in four-story buildings in an effort to stop the threat of unlicensed non-taxed water supply. Due to unpaid water cess, the civic administration loses over Rs 7 crore each month. Only 1.9 lakh registered water connections exist despite the MC having almost 3.5 lakh homes registered with...

HRERAT Recovers Rs 39.88 Crore From Errant Developers in Gurugram And Refunded Home Buyers

HRERAT Recovers Rs 39.88 Crore From Errant Developers in Gurugram And Refunded Home Buyers

The Haryana Real Estate Appellate Tribunal (HREAT) has collected Rs. 39.88 crore, and the Haryana Real Estate Regulatory Authority (HRERA), Gurugram, has recovered Rs. 8.61 crore from negligent developers and reimbursed buyers over the last four years, from 2019 to May 2023. For the purpose of the recovery process, the HRERA has been pursuing the involved district collector offices. A HRERA...

Godrej Properties To Build Premium Residential Apartments On 15-Acre Land In Gurugram

Godrej Properties To Build Premium Residential Apartments On 15-Acre Land In Gurugram

Godrej Properties Limited, a major participant in the real estate industry, announced that it has purchased roughly 15 acres of land parcel in Gurugram, Haryana, for the construction of premium residential developments. The corporation stated in a filing to the stock exchanges that the land was purchased outright. However, the cost of purchasing the land or its potential for generating income have...

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