The Delhi Development Authority (DDA) Tuesday approved a slew of proposals to help the business community in the capital meet the challenges posed by the Covid-19 pandemic, apart from approving proposals to make its housing projects financially viable. The land-owning agency, during a meeting chaired by lieutenant-governor Anil Baijal, has approved a proposal to increase […]
NEW DELHI: Cash-starved real estate developers in the National Capital Region are offering property-swap schemes to homebuyers stuck in stalled projects, providing them an option to switch to another property if they are ready to pay at least 70% of the price of the new property. “We will accept customers from any stuck project and […]
New Delhi: Drone has come to the rescue of real estate developers who have witnessed slump in sale due to the Covid-19-induced lockdown. According to property consultants and developer, prospective buyer is unable to visit site and the marketing team is hiring drone to give live status of the property during webinar along with the […]
NEW DELHI: The overall residential demand would decline over 25% year-on-year in the financial year 2020-21, after registering a fall of 5% year-on-year in FY20, due to the ongoing COVID-19 pandemic, according to India Ratings and Research (Ind-Ra). A stable demand, combined with prudent launches by players, had restored some supply-demand balance over FY18-FY19. However, […]
NEW DELHI: As a relief measure in view of the COVID-19 pandemic, the DDA on Tuesday decided to extend the time for payment of additional floor area ratio (FAR) and use conversion charges on reduced rates up to December 31, officials said. The decision was taken during the urban body’s Authority meeting, which was chaired […]
New Delhi: Drone has come to the rescue of real estate developers who have witnessed slump in sale due to the Covid-19-induced lockdown. According to property consultants and developer, prospective buyer is unable to visit site and the marketing team is hiring drone to give live status of the property during webinar along with the […]
New Delhi: In a recent judgement, National Consumer Disputes Redressal Commission (NCDRC) said that it is choice of a homebuyer whether to take possession in a delayed housing project or to seek a refund of their money. The judgement stated that homebuyers can’t be forced to accept delayer flats and a builder cannot refuse to give […]
NEW DELHI: Property registrations in Delhi-NCR dipped by 68% in the months of May and June from the year-ago period as the Covid-19- induced lockdown brought activities to a halt. In April, a few properties were registered in Noida and Ghaziabad but none in Delhi, Gurgaon and Faridabad. More property sales were recorded in May, […]
NEW DELHI: Owning a private bungalow in Delhi’s Lutyens’ Bungalow Zone has been a status symbol for decades and has attracted the rich and the famous from across the country. This extremely niche area has remained immune to the vagaries of the real estate sector, and yet Covid-19 has not left this leafy neighbourhood untouched […]
NEW DELHI: If you wish to install rooftop solar panels but are reluctant to do so to save terrace space for other activities, there is a change in norms that may prove to be helpful. Senior municipal officials say that the building regulations have been eased for encouraging solar power adoption in the city. “While […]
NEW DELHI: Owning a private bungalow in Delhi’s Lutyens’ Bungalow Zone has been a status symbol for decades and has attracted the rich and the famous from across the country. This extremely niche area has remained immune to the vagaries of the real estate sector, and yet Covid-19 has not left this leafy neighbourhood untouched […]
NEW DELHI: Stuck Amrapali homebuyers now have the option of paying the unpaid balance amount to state-run NBCC (India) as per the new payment schedule nalised by the public sector company, thus helping them pay instalments in a staggered manner, linked to construction milestones. Homebuyers of at least ve projects, where only 10% work was […]
