Properties in Shyam Nagar Jaipur

Delhi Metro's Red Line extension to Ghaziabad is all set to get operational by January 2019. The Metro will pass through some of the interior residential hubs of Ghaziabad that would also boost the real estate prospects as well as the livability of the area. The route is covered under Phase-III expansion of the Delhi Metro. The new Metro line will pass through the Sahibabad Industrial Area and will significantly impact the residential areas lying in proximity where the infrastructure is poor.

A developer in Noida is liable to execute the sub-lease deed of a flat to a buyer within 15 months of receiving the Occupation Certificate. For every day of delay after the 15-month deadline, a penalty of Rs 50 per day will be levied for flats sized under 100 square metre and Rs 100 per day for flats larger than 100 square metre. Meanwhile, home buyers are asking for a stamp duty waiver, too.

Soon, people working in Noida Sector 62 won’t have to rely on auto-rickshaws and hired cabs for commuting as the Delhi Metro’s Blue Line extension from Noida City Centre to Noida Sector 62 and Electronic City will get operational by January next year. At present, only Delhi Transport Corporation-run buses and private autos are available for public transit in the area. The same is true of several areas of Ghaziabad that lie close to Sector 62.

The Delhi Metro has influenced the real estate prices of localities lying close to stations. The areas lying in extreme proximity to the Metro station witnessed an average 50 per cent jump in the cost of construction. The latent effect was more visible on the rental market where the asking values have been going up as the connectivity gets better. MakaaniQ lists locations that have benefitted from the different routes of the Delhi Metro.

The remaining two stretches of the Chennai Metro's Phase-I are expected to become operational by January-end. The opening of the two stretches — Washermanpet to Chennai Central and Chennai Central to AG-DMS — will make the first phase of the city's Metro network fully operational. Once the new line is completed, the corridor or the Blue Line of the Chennai Metro network will span a total length of 54 km that connects the Chennai International Airport to Wimco Nagar.