Sector 10 Property

A fleet of 25 low-floor non-AC buses has been rolled out to cover some key areas connecting old and new Gurgaon. The buses will connect Sector 10 bus terminal with the Huda City Metro Station, a 12-km stretch that would cover major junctions, including Basai Chowk, Atul Kataria Chowk, IFFCO Chowk, Subhash Chowk and Hero Honda Chowk. Over 200 more buses are expected to be added to this fleet by March 2019.

The Greater Noida Industrial Development Authority is ready to allot 1,246 possession-ready homes, starting October 10. Affordably priced between Rs 28-74 lakh, these 1, 2 and 3BHK units are located at Sector 12 and Omicron 1. The scheme was launched on October 2 and will close on November 12 this year.

The Uttar Pradesh Real Estate Regulatory Authority has given about 700 homebuyers of Subhkamna Tech Home 10 days’ time to come up with a financial plan to complete the project.

The Yeida is offering for sale over 1,000 plots, measuring between 120 and 500 square metre. Lying in the 5-7 kilometre periphery of the proposed Jewar airport, the plots are located at sectors 18, 19, 20, 22A, 22C and 22D.

From this financial year, real estate developers, who are holding an unsold unit for over a year, will have to pay 8-10 per cent of the property value as tax. Developers will also have to pay 30 per cent of the fair value of the property as tax if they lease their unsold units after April this year after Section 28 (via) was introduced in the Income Tax (I-T) Act. According to this Section, unsold inventory would be treated as a capital asset from the tax point of view.