House/Villa for Rent in Defence Colony Delhi

In what could be termed as a major reformatory step in the real estate sector, the Gurgaon administration has capped registration charges for properties in licensed colonies at Rs 15,000. In a notification issued on April 2, the Gurgaon district town planner has ruled that real estate developers in the city could charge Rs 15,000 from homebuyers towards the administrative registration of flats.

After Delhi, the illegal constructions in Gurgaon has come under the scanner of civic authorities as major drives are being conducted across the town to remove squatters and encroachments from the streets and the residential colonies. In a recent move, three enforcement teams from the Municipal Corporation of Gurgaon (MCG) removed illegal occupants from 11 areas in the city which includes Sadar Bazaar, Jacobpura, Rajiv Chowk, Sohna Road, Subhash Chowk, Tikri village, sectors 40, 44, 45, Silokhra and Sikanderpur. These encroachments were also causing congestion on arterial roads.

The Mumbai's municipal authority is developing a software that will digitally calculate the metre reading and generate the bill accordingly. This move is expected to put a stop to inflated water bills for the residents. On the other hand, the Delhi government says it would compensate consumers in case of power outages.

The National Capital Region Transport Corporation is planning to link the Delhi Metro with high-speed railway network that will bring down the travel time between the national capital and the cities that fall under the NCR. The project, which is estimated to cost Rs 1 lakh crore, is expected to cater to over 20 lakh commuters daily. The completion deadline for the project is yet to be finalised.

The Delhi Development Authority (DDA) has pegged its Budget Expenditure for the financial year 2018-19 at over Rs 8,000 crore. To turn the national capital into a "world-class city" through various projects, the DDA would spend Rs 3,633 crore on building houses and shops, Rs 765 crore on land acquisition, Rs 2,348 crore on land development and Rs 1,286 crore on establishment.