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 has crossed 400-million ridership at a 12-km route between Versova- Andheri- Ghatkopar in a period of four years. Also, it has emerged as the only public transport infrastructure that witnessed an increase in passengers of up to 15 per cent annually. According to the data available with Mumbai Metro One, the network operates with around 378-382 trips on weekdays, with a punctuality performance of 99.9 per cent along what is the world's densest corridor. The route also connects the eastern and western suburbs via Andheri.

Rates of property in Ghaziabad are likely to go slightly up with the city development authority hiking development charges. The 3.03 per cent increase in the fee comes into effect from April 1 this year. Before the hike came into effect, developers had to pay Rs 3,024 per square metre (psm) as development charge. They will now be paying Rs 3,114 psm.

After a demolition drive in Asola on March 14 and in Mehrauli on April 12, the South Delhi task force recently carried out a drive in Adhchini. Forty-year-old shops and a room that was found to be encroaching were razed. Not just these places, in March, the Delhi Traffic Police were able to remove encroachments from 32.5 km of roads in the national capital.

Real estate developers in Noida who owe money to the city authority and the administration stand to lose their assets with the Gautam Budh Nagar Administration deciding to auction them to recover dues. In a drive that would be launched on May 15, the city administration would also go after individuals and contractors also as it attempts to recover dues to the tune of Rs 227 crore.