1 BHK Builder Floors for Sale in Sector 1 Vasundhara Ghaziabad

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.

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 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.

The DERC has reduced the power tariffs in the city by up to 25 per cent while taking the fixed charges up six times. The new tariffs will be applicable from April 1. Introduced for both commercial and residential power usage, will this reduction further increase the demand and supply gap? What will Delhi do to cope up with when power usage exceeds supply?

The Delhi Metro is constructing a Metro line in Ghaziabad that would connect New Bus Stand with Kashmere Gate ISBT, Rohini via Dilshad Garden. The metro line is expected to get operational by September 2018. The new Metro line will pass through the Sahibabad Industrial Area and will significantly impact the residential areas lying in proximity where the infrastructure is poor.