Semi furnished Apartments/Flats for Rent in Bani Park Jaipur

World’s largest alternative asset manager Blackstone Group and its Indian partner real estate major Embassy Group have received approval from the Securities and Exchange Board of India (Sebi) to launch India's first real estate investment trust (REIT). It was on September 24 that the two had approached the Sebi and filed documents to launch the REIT. The IPO will issue fresh units worth up to Rs 5,250 crore ($750 million).

Under a set of guidelines given by the Ministry of Housing and Urban Affairs, residential and commercial buildings across India will have to designate 20 per cent of their parking space to provide electric vehicle charging facilities. Under the guidelines for residential and institutional buildings, the metering and payment could be linked to the dweller’s monthly maintenance bills.

The Union transport ministry has cleared a plan to build a 155-km corridor between Akshardham in east Delhi and Saharanpur in Uttar Pradesh. The corridor, which will pass through Loni near the Delhi-Ghaziabad border, will decongest the east Delhi areas and allow commuters to reach the Saharanpur-bound National Highway (NH-709B) from the NH-24 directly. Currently, commuters from western Uttar Pradesh have to pass through the areas such as Shastri Park, New Usmanpur, Khajuri Khas and Bhajanpura to reach Saharanpur highway that starts at Loni.

In the New Year, Noida would get infrastructure projects worth Rs 2,881 crore. While some of these projects would be inaugurated in 2019, works on others would start during the course of the year. Among the projects that will be inaugurated this year include a Dada-Dadi Park at Sector 62, a Traffic Park at Sector 108, a Shilp Haat and Bunkar Bhawan at Sector 33-A and a Command Control Centre at Sector 94.

In their attempt to make the most of their real estate assets owners often indulge in building in a way that might not be legally permissible. Often a small living space on top of the terrace is created to let out. Same is the case with basements. Do be mindful of the fact that living in illegal constructions could also pose challenges even if you are only a tenant. While these options may come cheap, you may have to pay a large penalty if things go wrong.