guptaji estate agency

The Union Cabinet on March 7 approved Phase-IV of the Delhi Metro, paving the way for the construction of three new corridors, including the Mukundpur-Maujpur corridor, the RK Ashram-Janakpuri West corridor and the Aero City-Tughlakabad corridor. The combined length of these corridors will be 61.679 kilometre, spanning 46 Metro stations, 17 underground and 29 elevated. To be constructed at an estimated cost of Rs 25,000 crore, the three corridors take the Metro deeper into the national capital, improving connectivity while at the same time reducing traffic congestion.

With an aim to address urban issues more efficiently, the government will create an online database of all cities by 2024 on infrastructure, education and health facilities.

In a move that would not only tremendously boost connectivity in what is popularly known as India’s wine capital but also positively impact the property market in the city, the Maharashtra government, on August 28, 2019, gave its approval to the Nashik Metro rail project. Here is everything buyers, investors and commuters need to know, about the project.

During the realty boom, property prices and interest rates were both high. When people acted upon their fear of missing out, they actually ended up buying overvalued property. Today, if they were to sell the same property they bought, it would be extremely hard to break even. This is precisely why buying a property and renting it out makes better sense at a time when India’s real estate is struggling for revival.

In order to provide relief to homebuyers and stop builders from using loopholes in the Real Estate (Regulation & Development) Act, 2016, efforts are being made by state authorities to provide more teeth to the law.