Ready to move in Apartments/Flats for Sale in Sector 23 Dwarka Delhi

Soon, people working in Noida Sector 62 won’t have to rely on auto-rickshaws and hired cabs for commuting as the Delhi Metro’s Blue Line extension from Noida City Centre to Noida Sector 62 and Electronic City will get operational by January next year. At present, only Delhi Transport Corporation-run buses and private autos are available for public transit in the area. The same is true of several areas of Ghaziabad that lie close to Sector 62.

Since major hurdles are clear, the Haryana Shahari Vikas Pradhikaran (HSVP) would now complete the mutation process of an 18-km land stretch in favour of the Gurugram Metropolitan Development Authority (GMDA). The GMDA would also transfer a 90-metre stretch to the NHAI for construction of the elevated stretch.

DDA Dwarka Awas Yojna will be launched by the Delhi Development Authority soon and will be ready for possession by December 2021. The launch price of this project will be Rs 15 lakh onwards. DDA Dwarka Awas Yojna 2018 will be coming up in Sector 21, Dwarka.

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.

From this financial year, real estate developers, who are holding an unsold unit for over a year, will have to pay 8-10 per cent of the property value as tax. Developers will also have to pay 30 per cent of the fair value of the property as tax if they lease their unsold units after April this year after Section 28 (via) was introduced in the Income Tax (I-T) Act. According to this Section, unsold inventory would be treated as a capital asset from the tax point of view.