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...
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...
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...
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 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...
The forest department said that a demolition effort would take place in more than 100 acres of an 11-village-diameter Aravali forest area in the coming month. The forest department conducted a survey and found that these regions had been invaded for the purpose of building farmhouses. Next month, we will be conducting a large-scale demolition drive in the area. The push has been put on hold while...
The Department of Town and Country Planning (DTCP) has formed four teams to survey nearly 60 high-rises in Gurugram as part of the roll-out of the second phase of the structural safety audit of condominiums, which was directed by the district administration last week. The teams have been given a deadline of 15 days to complete the survey. Each team has been tasked with performing a visual check of...
Haryana Shahari Vikas Pradhikaran (HSVP) will auction a total of 28 plots in 17 sectors of Gurugram on May 28, with an estimated revenue generation of 250-300 crore. The auction will include 28 plots in various sectors and is designed for group housing developments. The authority pulled some sites from the sale after complaints that four of them were in an area designated as gair mumkin nullah? The...
Listen To The Article The district government came up with a definitive plan for occupants of towers that an IIT-Delhi panel found unfit for habitation after holding meetings with all parties involved in the Chintels Paradiso condominium in Sector 109. They can choose to reside at the same property and developers will construct new flats for them in three years, or they can choose to receive a...
Listen To The Article Deen Dayal Jan Awas Yojna (DDJAY), a programme for low- and middle-income homeowners, has been suspended by the Haryana government in the districts of Faridabad and Gurugram due to the high cost of land. The Final Development Plan 2031 of Gurugram Manesar Urban Complex and Faridabad, according to officials, includes the end of the DDJAY plan. On April 20, the Town and...
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