Listen To The Article The Department of Town and Country Planning (DTCP) has issued a public notice regarding maintenance charges in affordable housing societies in Gurugram and has requested suggestions and objections. This follows complaints from homebuyers of affordable housing projects that developers charge Maintenance fees ranging from 2.50 to 4 rupees per square foot, violating the...
Listen To The Article M3M Realty has secured a Rs 1,500 crore debt facility from alternative investment firm PAG Credit & Market for eyeing its portfolio expansion. The money will be paid back in four instalments of 600, 300, 250, and 350 crores over the course of 1.5 years. The funds will be used to expand the portfolio and make additional land acquisitions. M3M recently completed...
Listen To The Article Sohna is a prominent micro-market centrally located in South Gurugram, becoming a prominent location for investment. Since the opening of the first stretch of the Gurgaon-Sohna Expressway. The commute time between the rest of the city and its southern suburb has been reduced to 15 minutes faster within Gurugram. As a result, Sohna is experiencing increased demand for...
Listen To The Article The Haryana Government's Deen Dayal Jan Awas Yojana (DDJAY), a scheme to provide affordable housing units, has been suspended in Gurugram and Faridabad districts for being unaffordable to the common man. The decision was taken after CM Manohar Lal Khattar raised the issue of pricing of these units in the two districts with the departments concerned while pointing out...
Property tax is a tax imposed on real estate by the government. It is based on the value of the property and is typically paid by the property owner. The revenue generated from property tax is used to fund local government services such as schools, roads, and public safety. How is Property Tax Calculated? Property tax can be calculated by multiplying the calculated value of the property by the tax...
Listen To The Article Realty giant DLF reported a 45% increase in new sales bookings to Rs 6,599 crore during the nine months (April to December) of the financial year 2022. While DLF reported the highest quarterly new sales in its history in the third quarter of the current financial year. Across all sectors, the company experienced strong business momentum. DLF's residential...
Listen To The Article The National Highways Authority of India (NHAI) took over the maintenance and upgradation of the National Highway (NH-48) stretch from Kherki Daula to Bawal. The 65-kilometer stretch is in poor condition in many places, and a number of road improvement projects initiated by the authority have been postponed. The work of resurfacing the road will initially be...
Listen To The Article Slowly but steadily, India's real estate is expanding after pandemic. When we talked about a decade ago, two major pillars supported property demand and prices, that is, residential and commercial. However, new segments such as data centres, logistics, and warehousing have recently influenced them. The pandemic has speed up the growth of new businesses such as...
The real estate industry is very active and ever-changing. Affordable homes based on people's needs and commercial feasibility is the critical targets for real estate companies. India has many significant economic and social hubs, one of the most promising being Gurgaon in Haryana. But why the buzz around Gurgaon? What Are The Special Features Of Gurgaon? Gurgaon is the biggest and most expansive...
Listen To The Article As per the recent report by property consultant ANAROCK, real estate developers increased the pace of construction in 2022, finishing 4.02 lakh housing units across seven major cities as compared to 2.79 lakh homes in the year 2021. The top 7 cities experienced record-breaking housing sales and new launches in 2022. Unit completions have also continued to rank first...
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