Listen To The Article The New Delhi Railway Station is set to undergo a major renovation this year, which will be completed in three phases. Initially, the station’s only platform was between platform 16 Ajmeri Gate and platform 1 Paharganj. The Indian government announced in 2022 that the New Delhi Railway Station would be renovated at the cost of Rs. 4,700 crores. The Union Cabinet had...
Listen To The Article The Delhi Traffic Police plans to close a 500-metre stretch of National Highway 48 on the Delhi-Gurugram Expressway for approximately 90 days to help the construction of a flyover and two underpasses, rising concerns about traffic congestion on the already congested stretch. The closure near Shiv Murti is intended to allow projects that will connect south Delhi with...
Listen To The Article The Special Window for Affordable and Mid Income Housing (SWAMIH) investment fund has finished more than 20,000 homes worth 12,000 crores since its launch in 2019. The Union Finance Ministry is funding the SWAMIH fund, which is aimed at debt financing of distressed and affordable housing properties. Stressed properties are repossessed properties from a defaulting...
Listen To The Article The Gurugram Metropolitan Development Authority (GMDA) announced that construction on a key stretch of the master sector dividing the road passing through sectors 77, 78-78A, and 79-79A would begin within 15 days. It was stated that a hillock would be cleared to make way for sector road construction. GMDA officers stated that they got permission to remove the hillock in...
Listen To The Article The Haryana government presented a Rs 1.83 lakh crore budget for the financial year 2023-2024, with Rs 5,893 crore kept for urban development and the housing sector. In his Budget speech, Chief Minister Manohar Lal Khattar also stated the establishment of two data centre parks in the state, one in Gurugram and one in Ambala district. In addition to the benefits of...
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...
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