House/Villa for Rent in Nagar Road Pune

Prime Minister Narendra Modi will be inaugurating the 83-km-long Kundli-Manesar section of the Western Peripheral Expressway on November 19. The expressway will offer signal-free connectivity to Palwal from Sonepat, bypassing Delhi while also diverting as many as 50,000 heavy vehicles away from Delhi. Once completed, the entire peripheral expressway would form a ring road around Delhi, spanning a total length of 270 kilometres. Locations such as Gurgaon, Manesar, Ghaziabad, Greater Noida, Palwal, Kundli and Sonepat are likely to witness sizeable real estate growth with the help of the expressway.

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.

The move has come after the civic body failed to collect tax arrears of around Rs 50 crore even when there are 7.60 lakh assesses within its jurisdiction. While the tax deposit procedure has been made online, several defaulters remain reluctant in depositing their property tax on time or wait for the waivers’ scheme to square up the arrears by paying only the principal amount while the penalty and interest amounts are waived.

The Maharashtra government has sanctioned the Mumbai Development Control and Promotion Regulations 2034. The new plan is expected to open up over 3,700 hectares of land in the city’s no-development zone and salt-pan land. This large tract of land is likely to be used for developing residential real estate in the affordable category. According to the plan, nearly 10 lakh affordable houses will be constructed by 2034. It was earlier this year that the DCPR 2034 was passed by the government.

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.