the great royal estate agency

The Greater Noida Authority has decided to impose a heavy penalty on security agencies whose guards are found missing from their duty sites. About 10-15 per cent of the monthly contract fee that the authority pays to private security agencies will be deducted in case security guards fail to stick to their area of operation.

As concerns on rising pollution levels in the periphery deepened, the Union environment ministry asked authorities in the NCR to follow construction norms. However, it is found that government agencies themselves are failing to do that.

The Yamuna Expressway Industrial Development Authority has signed pacts with as many as 28 private players who promised to invest as much as Rs 10,074 crore in the region. To make sure investment promises do not go to cold storage, the agency will soon start the process to allocate land to these companies to set industrial units in the region. If all the companies set their units in the region, 28,000 new jobs will be created, apart from five lakh indirect jobs. This could give a major boost to real estate in the region.

Understandably, those making money in real estate also have to pay a great deal of money as taxes. However, there are certain real estate incomes that go tax-free. We list here six of them.

Times have changed, and people do not make their choices in picking property entirely based on the unit, the location and the price. Other important factors such as pollution levels have begun to matter, too, to a new-age homebuyer. As we move towards paying serious attention to more important questions than the basic ones that involve budget, area and location, we might find ourselves in a much precarious situation. Cities will have to do much more to make sure they stay livable. The progress made by New York in this regard could be an example for other cities.