Ready to move Builder Floor for Sale in Sector 19 Dwarka Delhi

The DDA, in the second phase of its housing scheme for 2019, will auction over 18,000 low-income, middle-income and high-income group (LIG, MIG and LIG) flats in Delhi’s Vasant Kunj and Narela. The registration of these homes, which started on March 25, will end on May 10. In a first, the complete process of the scheme will be through the online medium. The draw of lots for the scheme will be held in May-June while the allotment of the apartments will start in July.

The Noida Authority on June 19 announced that it has launched a residential plot scheme to monetise available land parcels. Under the scheme, the authority will put up for sale 259 residential plots in sectors 31, 39, 44, 47, 49, 51, 52, 99, 100, 122 and 93B. This scheme also comprises plots that were part of previous schemes but remained unsold due to legal disputes and encroachments.

The finance ministry may offer builders a 10-year tax holiday on profits earned from rental housing while allowing deductions on expenses. Developers’ rental income is taxed under Section 23 of the Income Tax Act. If the government goes ahead with the plan it would benefit the economy in general and the real estate sector in particular.

Haryana Chief Minister Manohar Lal Khattar on May 27 directed officials to work actively for extension of the Metro network in areas falling within the NCR, which includes Gurugram, Faridabad, Sonipat, Jhajjar and Rohtak. Khattar said the Metro rail extension would ensure ease of traffic and better public transport services to the people of the state. The CM directed officials to explore possibility of bringing the Metro network in Chandigarh, Panchkula and Mohali.

In a first, the national capital along with the national capital region that includes parts of Haryana and Uttar Pradesh has overtaken the long-standing leader Maharashtra in attracting foreign direct investment (FDI) into the country. The construction sector attracted around Rs 543 crore funds, which is six per cent of the total investment while the infrastructure sector gained Rs 12,862 crore from the foreign investors. A study by London & Partners has listed Bangalore (6) and Hyderabad (14) among top 20 global cities for attracting FDI into the information and communications technology and electronics sectors.