3 BHK Properties for Sale in Uttam Nagar Delhi

Renting is a great option to earn an additional income. Metropolitan cities, including Delhi, assure good rental returns when compared to smaller cities. In the national capital, the annual rental yield saw an increase of around 3.39 percent. The Delhi–Mumbai Industrial Corridor (DMIC) and the Amritsar-Delhi-Kolkata Industrial Corridor (ADKIC) will further have a positive impact on the rental sector in the city. Let's look at the five promising localities that witnessed an increase in rental values over the last few months.

The Mumbai Metro Line II is being constructed in two sub-phases with 18-km line 2A between Dahisar and DN Nagar; and the 23-km line 2B between DN Nagar and Mankhurd. Construction works begun in 2016 and the DMRC plans to open one part of this line (2A) for the public by 2020.

After the Noida authorities, in April, advised homebuyers and tenants in the city to make sure they do not live in units that are mosquito infected, the health department of Gautam Budh Nagar has come out with a directive for all gated communities, offices and hospitals to inspect the properties for presence of mosquitos. These structures, after the check, will have to issue an undertaking stating they would take action to prevent mosquito breeding sites.

Those planning to buy a flat or a plot close to the Metro corridor being built in Ghaziabad might have to pay a cess. The Uttar Pradesh Housing Board is mulling the idea of levying this cess to raise funds for the Ghaziabad Metro project, a part of the Phase-III of Delhi Metro’s extension. The proposal is yet to be approved.

The Ministry of Urban Development has released smart city rankings which places Nagpur on top, followed by Vadodara and Ahmedabad. These rankings were based on various parameters, including expenditure, project implementation and performance of civic bodies in the past four years. Out of 99 smart cities, 12 were not evaluated since the third list was released very recently.