Properties for Sale in Propshell Spectrum Villa

On March 14, almost all the illegal structures built over 42 plots in an area of 197 acres in Delhi’s Asola village were demolished. Illegal structures that are still standing would be brought down on March 15. Working on the direction of a Supreme Court-appointed panel, Delhi’s revenue department initiated the demolition work on Wednesday. According to media reports, the area had in total 100 illegal structures with a value of Rs 3,000 crore.

The Supreme Court has allowed the Sahara Group to choose any parcel of its properties in the Aamby Valley city project in Maharashtra and sell it by May 15. It was in August 2017 that the Bombay High Court had ordered for an auction of the property for a reserve price of Rs 37,392 crore, following Sahara Chief Subrata Roy's inability to deposit Rs 5,000 crore of his total dues of Rs 14,000 crore to investors.

During a hearing on April 16, Jaypee Infratech had said that its valuation has been slashed drastically and had put forth an affidavit to the Supreme Court stating that with the help of interim funds, it can finish the flats. However, this proposal has been rejected by the apex court as the statute bars an ailing company to bid. Jaypee says that its representation should have been considered given that it had been completing 500 units every month.

Although most young buyers look for apartments because these are easier to maintain, villas and bungalows have still not lost their charm. Bengaluru, of late, has opened up with options developed by both private developers as well as by the Bangalore Development Authority. After successfully allotting 90 per cent of the developed villas at Alur, the development body has invited tenders for the next lot of villa developments at Hunnigere village of Dasanapura.

The soon-to-be-operational Ahmedabad-Gandhinagar Metro Link project is set to boost property demand in Ahmedabad. Known as Gujarat's financial capital, the city has time and again proved that living in metro cities need not be a costly affair. Based on PropTiger.com data, here are five top localities in Ahmedabad that saw high apartment sales between Oct 2017 and Dec 2017.