1 BHK Flats for sale in Sector 57 Gurgaon

The Delhi Metro will now go deeper into Noida as the Greater Noida Authority on June 1 approved a 14-km extension of the Blue Line from the Botanical Garden Metro Station to the Sector 142 Metro Station on the Aqua Line of the Noida Metro. The new route will run parallel to the Noida-Greater Noida Expressway and will connect Greater Noida with the national capital.

Green buildings are the need of the hour. The deteriorating environment has triggered many developers across the city, in the commercial as well as residential sector, to adopt green practices. MakaanIQ, on the occasion of the World Environment Day, lists six prominent green buildings that are modern and environment-friendly.

The National Consumer Disputes Redressal Commission (NCDRC) on June 13 said that homebuyers cannot be forced to pay a high penalty for delay in paying an installment when the developer gets away with only a fraction of that amount as a penalty for project delay. The commission directed Umang Realtech, against which a plea had been filed, to refund the homebuyer at 12 per cent per annum as against Rs 5 per sqft.

The finance ministry may offer builders a 10-year tax holiday on profits earned from rental housing while allowing deductions on expenses. Developers’ rental income is taxed under Section 23 of the Income Tax Act. If the government goes ahead with the plan it would benefit the economy in general and the real estate sector in particular.

Haryana Chief Minister Manohar Lal Khattar on May 27 directed officials to work actively for extension of the Metro network in areas falling within the NCR, which includes Gurugram, Faridabad, Sonipat, Jhajjar and Rohtak. Khattar said the Metro rail extension would ensure ease of traffic and better public transport services to the people of the state. The CM directed officials to explore possibility of bringing the Metro network in Chandigarh, Panchkula and Mohali.