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  • 14th Jan 19

    Pay Damages For Violations Or Face The Music: NGT To Sushant Lok-1 Builder

    Sushant Lok-1, one of the largest privately developed residential colonies in Gurgaon, may be headed towards a “closure”. Citing a January-8 order of the National Green Tribunal, media reports say the developer of the residential colony that houses over 10,000 families may be asked to close Sushant Lok-1 if it fails to compensate for 10 serious environmental violations. The violations include encroachment of green areas, extraction of ground water without required permission, absence of sewage treatment plants and failure of maintenance of facilities.
  • 19th Dec 18

    Heritage Sites Should Be Rented Out For Social, Family Events: Panel

    While you may not be able to rent heritage sites for your family events, you would be able to hold a family event in certain portions of such sites. For that to happen, however, the ministry of culture would have to accept the suggestion made by a Parliamentary panel. The Lok Sabha Public Accounts Committee on Preservation and Conservation of Monuments and Antiquities, which has recently submitted a report suggesting ways in which the ministry can generate revenues, has said parts of heritage sites could be rented out at a premium for social and family events after putting in place proper guidelines.
  • 17th Jan 19

    DDA To Now Launch Housing Scheme In Phases

    The Delhi Development Authority (DDA) will be launching its housing scheme 2019 in phases. In the first phase, surrendered units will be put on offer. Under the new scheme, the housing authority will offer fresh units depending on the response. The allottees of the DDA Housing Scheme 2019 will also be able to avail of interest subsidy of up to Rs 2.67 lakh under the Credit-Linked Subsidy Scheme of the Pradhan Mantri Awas Yojana.
  • 10th Jan 19

    Suncity Township May Be First Private Colony To Be Taken Over By Gurgaon Municipal Body

    If a survey team of the Municipal Corporation of Gurgaon (MCG) finds the infrastructure upgrade up to the mark, Sector 54’s Suncity Township could become the first private colony to be taken over by the government body. In a letter written to the MCG, the developer of the township, Essel Group, has said that all deficiencies pertaining to the infrastructure have been fixed. Spread over 141 acre, the township, with 895 plots, is prone to a flood-like situation during the Monsoon.
  • 19th Nov 18

    How Delhi Metro Influenced Property Prices In NCR

    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.

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