Sector 53 Property

The Department of Town and Country Planning is planning to declare 53 villages in Gurgaon as urban areas. With that, Section 7A of the Urban Areas Act, 1975, would apply on development of these 53 villages. When that happens, a seller will have to seek a no-objection certificate from the department to sell his land. The registration department would seek this document at the time of the registration of the property.

Home loans are the debts that are considered good debts by sector experts. However, this standard definition may not be true for all cases.

The Allahabad High Court has ordered to stop the construction work at Noida Sector 77 project, Express Zenith till July 10. The order has come on the basis of an appeal made by one of the homebuyers alleging that the builder has constructed floors beyond the permitted limit sanctioned by the Noida Authority.

The affordable housing segment will get a boost with the Reserve Bank of India on June 6 raising the loan limits under priority sector lending. The RBI has decided to revise the housing loan limits for PSL eligibility from Rs 28 lakh to Rs 35 lakh in metropolitan centres and from Rs 20 lakh to Rs 25 lakh in other centres.

India has a policy for non-residents which invites them to invest in the Construction and Development sector. For investment in independent premises, the policy is open only for NRIs.