SBP Group

In a move that is likely to help authorities meet the twin objectives of generating more revenues and equalising the differences in rates in various sectors, the Gurgaon district administration has hiked circle rates by up to 20 per cent, for the second time in two months. The revised circle rates come into effect from April 9. It was on February 12 when circles rates were revised in Gurgaon after a gap of four years.

During a hearing on April 16, Jaypee Infratech had said that its valuation has been slashed drastically and had put forth an affidavit to the Supreme Court stating that with the help of interim funds, it can finish the flats. However, this proposal has been rejected by the apex court as the statute bars an ailing company to bid. Jaypee says that its representation should have been considered given that it had been completing 500 units every month.

The development body of Yamuna Expressway had formed in September last year a panel to probe whether builders developing group housing projects in the area had willfully flouted building byelaws. According to homebuyers, developers have not followed the sanctioned building layout map approved by the development body. The alterations, accuse the buyers, have been made to gain more profits. The panel will submit its report on March 15.

Delhi's Indira Gandhi International Airport is now among the top 20 busiest airports in the world with a yearly traffic of 63 million. To keep up with the growing footfall and serve the flyers better Delhi International Airport Ltd is planning to expand the existing terminals. Also, the Delhi Metro will be expanding its services to the Terminal 1 through the Magenta Line which would be fully operational by the end of April.

If you live in Noida, the national capital region’s common hub of information technology and affordable housing, get ready to pay more for water. While the charges have been increased by up to 10 per cent for low-income group flats and 80 villages, rates have been increased by up to 25 per cent for residential, industrial, institutional and commercial categories.  Bills generated from April 1, 2018 would reflect the hiked rates.