The Delhi Real Estate Regulatory Authority (RERA) has directed the Delhi Development Authority (DDA) to register all current e-auction programmes where plots, flats, or retail shops are still for public sale by May 1, 2017. The decision was issued in response to complaints from the Residents Welfare Association of Rohini, where plots were auctioned in 2013 but improvement work was not completed by the...
On September 8, Gurugram Deputy Commissioner Nishant Yadav issued an order stating that if such a registry is carried out, severe action will be taken against the responsible Tehsildar and registry clerk. If you want to buy a floor in Gurugram on a property less than 180 square yards, you may get into difficulties and lose your money. On September 8, Gurugram Deputy Commissioner Nishant Yadav issued...
On this land tract, MaxVIL, a subsidiary of Max Group, intends to build a commercial project with a leasable area of 1.6 million square feet, marking its entry into the Gurugram real estate market. It already has a footprint in the property marketplaces of Noida and Delhi. The acquisition will allow Acreage Builders' over 7-acre land tract in Gurgaon's lucrative Golf Course Extension Road to be used by...
Omaxe Chowk aims to become an end-to-end jewellery marketplace by integrating a diverse range of jewellery solutions under one roof. Tanishq, Senco, and Giva have signed up for flagship stores in Chandni Chowk at Omaxe Chowk, taking nearly 11,000 square feet of space in Jewel Court. Other prominent companies, including traditional jewellers from throughout India, are also lining up to sign at Omaxe...
In order to combat corruption in large development projects and hold officials accountable, the state administration has decided to establish a quality control body (QCA). Once constituted, the authority will assess ongoing projects around the state and take action against the officials involved if any flaws are discovered. According to V Uma Shankar, Principal Secretary to the Chief Minister, the...
A month after the official opening of the Gurugram-Sohna national highway, the Gurugram Metropolitan Development Authority (GMDA) has opted to beautify the 22-kilometer stretch by planting shrubs. Earlier this year, Gurugram Member of Parliament (MP) Rao Inderjit Singh proposed to the GMDA that the city's highways be beautified. According to authorities familiar with the situation, the MP explicitly...
Amit Madholia, district town planner (enforcement), stated that action was taken against the 18 societies and notices were posted at the premises in accordance with the DTCP director's office's instructions. The department of town and country planning (DTCP) has prohibited the purchase and sale of properties in 18 residential societies in Gurugram due to licence violations and non-payment of dues,...
The district town planner (enforcement) has asked the developers of 17 residential societies experiencing construction-related concerns to submit structural and architectural plans by Friday. Following submission, the district administration will issue work orders to a committee of four agencies on Monday to carry out the structural examination of these societies. The decision was made on Wednesday...
The processing fee is the most essential and obvious price imposed on home loans. It is the cost that you have to pay to banks or NBFCs in order to process your home loan application. It is a one-time cost that is normally paid beforehand, you must pay it to the bank/NBFC out of your own pocket rather than having it deducted from your loan amount. There are a few banks that refer it as an...
The Haryana Real Estate Regulatory Authority (H-Rera) has ordered developer ILD to submit a resolution plan for an unfinished project in Sector 37C and give over units to allottees. The regulator warned the builder that the project must be completed or the builder's land, offices, plots, and flats will be attached or auctioned to obtain lacking cash to complete the project, which has been in doubt...