Sector 10 Property

According to the Central Ground Water Board, groundwater level has declined by 61 per cent between 2007 and 2017. In the CGWB report, Punjab was listed as the highest groundwater exploited state in India followed by Rajasthan, Delhi and Haryana.

The Municipal Corporation of Gurgaon on April 10 sealed four banquet halls — Vatika Garden, Shyam Vatika, Lotus Garden and Yadav Garden. Together, the four operators owe the municipal body about Rs 51 lakh as property tax. This is the first time in a decade that the MCG has initiated such an action —many of the banquet hall owners have not paid their property tax for 10 years now.  

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.

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.