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- A developer in Noida is liable to execute the sub-lease deed of a flat to a buyer within 15 months of receiving the Occupation Certificate. For every day of delay after the 15-month deadline, a penalty of Rs 50 per day will be levied for flats sized under 100 square metre and Rs 100 per day for flats larger than 100 square metre. Meanwhile, home buyers are asking for a stamp duty waiver, too.
Maharashtra Developers To Pay 2% Fee For Building In Green ZoneThe National Board for Wildlife has restored the two per cent fee of the project cost it had earlier planned to levy on real estate developers constructing in such areas. The decision will impact at least 13 projects near the Sanjay Gandhi National Park and the Tungareshwar Sanctuary.
All You Need To Know About Chennai’s Metro NetworkThe remaining two stretches of the Chennai Metro's Phase-I are expected to become operational by January-end. The opening of the two stretches — Washermanpet to Chennai Central and Chennai Central to AG-DMS — will make the first phase of the city's Metro network fully operational. Once the new line is completed, the corridor or the Blue Line of the Chennai Metro network will span a total length of 54 km that connects the Chennai International Airport to Wimco Nagar.
Delhi Metro Phase IV To Get Nod In 'Public Interest'Delhi government is planning to approval to Delhi Metro's fourth phase of expansion. This extended route will be around 103 kilometers in length. There will be six new lines connecting Rithala-Bawana-Narela, Mukundpur-Maujpur, Janakpuri West-R K Ashram, Inderlok-Indraprastha, Tughlakabad to Terminal 1 and Lajpat Nagar-Saket G-block. Introduction of these lines will reduce passenger traffic and boost connectivity in south and central Delhi. Moreover, areas such as Bawana, Narela or Burari will enjoy good connectivity because of this expansion.
All You Need To Know About Mhada Lottery 2018Under the Maharashtra Housing and Area Development Authority’s housing scheme for 2018, over 1,100 low-cost apartments will be sold in December. The authority will release an advertisement on November 5 announcing the housing lottery, with about 45 days available for homebuyers to apply. This year, about 500 units will be reserved for low-income group with 283 units for the economically weaker sections. MakaaniQ tells you all about the Mhada Lottery Scheme 2018 and the process for application.