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.

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.

The Delhi Metro has influenced the real estate prices of localities lying close to stations. The areas lying in extreme proximity to the Metro station witnessed an average 50 per cent jump in the cost of construction. The latent effect was more visible on the rental market where the asking values have been going up as the connectivity gets better. MakaaniQ lists locations that have benefitted from the different routes of the Delhi Metro.

The 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 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.