Flats for sale in Dad Village Ludhiana

Maharashtra state government recently mandated civic bodies to upload details of illegal properties on the official website. This was necessary because, usually action is only taken when it comes to light that the building is illegal. Innocent buyers suffer in the process. Most buyers remain aware that buildings where they have bought property are illegal.

After the South Delhi Municipal Corporation proposed a hike in property tax on December 4 in its Budget estimates for the financial year 2019-20, the media reports suggest that the civic body has now approved the preliminary recommendations made by the fourth Municipal Valuation Committee. Once accepted by the capital’s lieutenant governor, will lead to a hike of 33 per cent in property tax. A major setback will be for the residential property owners with a hike in unit area values

Prime Minister Narendra Modi on December 18 will inaugurate the Metro Line-5 of the Mumbai Metro network that will connect Kapurbawdi in Thane West to Kalyan via Bhiwandi. The PM, along with Maharashtra CM Devendra Fadnavis, will also lay the foundation stone for the Metro Line-9 (Dahisar- Mira Bhayander). The Mumbai Metropolitan Region Development Authority (MMRDA) is in the process of selecting contractors and general consultant for the project after the project was approved in October 2017. The project is expected to be completed by 2022.

According to a report published by the Department of Real Estate Studies & Research, Dubai Land Department (DLD), with an investment of over Rs 16,800 crore, Indians have emerged as the largest foreign investors in the city’s real estate sector in the first nine months of 2018. The prime factors attracting Indian buyers to the Dubai real estate sector include active promotion by Dubai-based developers, technological access for buyers through online portals, ease of property registration, assured capital gains, high rental yields, tax-free returns and affordability.

While the Yeida has already handed over a total of 4,317 plots till October this year out of 14,453 plots that were offered under the scheme, it now plans to deliver the remaining residential plots in two tranches. The authority will hand over 5,008 plots by December this year and another 5,128 plots by March 2019. The authority will waive all default interest and penalty over payments because of the possession delay – all plots were to be handed over by 2014.