Property for rent in Sector-7 Rohini Delhi

India, at 7-8 per cent every year, is one of the fastest growing construction markets in the world. The segment is estimated to be the third largest in the world, with a size of $1 trillion by 2025. Following this, we asked developers on the future of technology within the construction sector.

Joining the league of banks which have announced a reduction in lending rates after the Reserve bank of India (RBI) cut the repo rate to 5.15 per cent, mortgage lender HDFC has lowered its floating interest rate by 10 basis points. The new rates, which range between 8.25 per cent in the lowest bracket and at 8.65 per cent in the upper bracket, would be effective from October 15, 2019.

The Noida Authority has decided to hike rates of land parcels that lie close to Metro routes and the Noida Expressway. According to officials, residential plots near the Metro and expressway will be five per cent dearer while land rates for group housing society and institutional plots have also been increased by at least seven per cent.

The Union Cabinet on March 7 approved Phase-IV of the Delhi Metro, paving the way for the construction of three new corridors, including the Mukundpur-Maujpur corridor, the RK Ashram-Janakpuri West corridor and the Aero City-Tughlakabad corridor. The combined length of these corridors will be 61.679 kilometre, spanning 46 Metro stations, 17 underground and 29 elevated. To be constructed at an estimated cost of Rs 25,000 crore, the three corridors take the Metro deeper into the national capital, improving connectivity while at the same time reducing traffic congestion.

As the air quality in the national capital dipped to ‘very poor’ level, the Delhi government has brought in Graded Response Action Plan into force on October 15, 2019, under which stricter anti-pollution measures will be taken according to the severity of pollution.