Sector 3 Property

Here is a golden opportunity for those who are looking for government-owned properties in Uttar Pradesh capital Lucknow. In order to cut the losses it is making in the maintenance of its rented properties, residential as well as commercial, the Lucknow Development Authority (LDA) is planning to sell them. According to media reports, a total of 3,500 may be up for grabs in the LDA property auction, likely to take place in January. While 2,300 properties are residential structures, the remaining 1,200 are commercial set-ups.

The Uttar Pradesh Real Estate Regulatory Authority has ordered for a forensic audit of Noida-based Intellicity Business Park as it failed to deliver a mixed-use project spanning 25 acre in Greater Noida’s Sector Techzone-IV. The developer had promised the delivery of the project in 2013-14. Meanwhile, Primrose Infratech is headed towards the same fate as it is yet to complete a project in Sector Chi-V in Greater Noida slated to be delivered in 2014.

When a homebuyer enters the world of housing finance, he is often walking in an unfamiliar territory. Such buyers’ understanding of financial jargons is often the result of guess work. Since any misunderstanding may lead to a borrower signing up for a bad deal, it is important to rely only on pure research. It is in this context that we explain the meaning of three most common financial terms, loan tenure, interest rate and loan eligibility.

India’s affordable city, Hyderabad is among the leading business and IT hubs in the country. IT professionals keep the housing demand floating at any given point of time. Residential plots and apartments are equally popular among locals while the city also offers apartments and villas on rent at attractive price ranges. Know how much would you be spending in Hyderabad if you were living here.

With an aim to raise funds for civic infrastructure projects, the Bruhat Bengaluru Mahanagara Palike (BBMP) plans to raise property tax by 25-30 per cent on residential as well as non-residential complexes. The hike is expected to bring in additional Rs 500 crore for the authority. The proposal will be tabled in front of the standing committee for approval, and will be moved to the Karnataka government for final implementation from April next year.