2 BHK Properties for Sale in Sector 91 Faridabad

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 Supreme Court has allowed the Sahara Group to choose any parcel of its properties in the Aamby Valley city project in Maharashtra and sell it by May 15. It was in August 2017 that the Bombay High Court had ordered for an auction of the property for a reserve price of Rs 37,392 crore, following Sahara Chief Subrata Roy's inability to deposit Rs 5,000 crore of his total dues of Rs 14,000 crore to investors.

Retail loans in India witnessed a 16 per cent rise between the financial year 2013 and 2017, a duration when total loan growth stood at nine per cent. Of the total retail loans, nearly half were housing loans, followed by auto and education loans. Two states that made the highest contribution to the rising number of retail loans were Maharashtra and Gujarat, owing to growing income levels.

In a move that is likely to help authorities meet the twin objectives of generating more revenues and equalising the differences in rates in various sectors, the Gurgaon district administration has hiked circle rates by up to 20 per cent, for the second time in two months. The revised circle rates come into effect from April 9. It was on February 12 when circles rates were revised in Gurgaon after a gap of four years.

Masala bonds are offered and settled in the US dollars to raise Indian currency from global investors for infrastructure development to be undertaken in India. It, therefore, is beneficial for offshore investors who are looking at an exposure in Indian assets. With housing finance companies issuing masala bonds, revival for real estate may be on the cards.