Height of houses on DDA’s agenda
Aug 19, 2013
Source : The Times of India

 

DELHI: Delhi Development Authority is expected to review its proposal for an increase in height by 2.5 metres of residential houses to allow for stilt parking in its meeting on August 12.

Sources said the proposal has been presented for objections and suggestions and will come up in August 12th’s meeting. Officials said that the Master Plan of Delhi 2021 allows a maximum height of 15 metres for buildings at present. However, there are plans to amend the rules and raise the cap to 17.5 metres which will be applicable to those buildings that go for stilt parking on the ground floor.

The proposal is part of an amendment to the Master Plan for mid-term review. It was first raised during the tenure of former Lieutenant Governor Tejendra Khanna, who recommended that buildings that have a provision for stilt parking be allowed a height of 17.5m, and will be taken forward by the new LG, Najeeb Jung. The amendment would be particularly beneficial in case of four-storey buildings where it is hard to accommodate stilt parking under the current 15m limit. By relaxing the cap, people would be encouraged to build stilt parking, which would help tackle the lack of parking space in most residential colonies, a source said.

Other items on the agenda include allotment of EWS houses and redefining zone O in order to facilitate regularization of a number of unauthorized colonies located there. The proposal has been widely criticized by environmentalists and river experts who say it would have a devastating effect on the Yamuna.

Latest Realty News

‘There is tremendous long-term potential for luxury products in India’
Aug 19, 2013
DELHI/MUMBAI: merican real estate magnate Donald Trump, Chairman and President of The Trump Organisation, who is gearing up for the Republican Presidential nomination in 2016, is bullish on the Indian real estate sector.
Does buying a plot of land suit your budget and needs? Find out
Aug 19, 2013
DELHI: In 1993, T Sridhar (name changed) bought four plots of land, each measuring 40 ft x 30 ft, outside Bangalore, for a total of Rs 1.7 lakh. At that point of time, the plots lay outside the city on the Bangalore-Madras highway. Today, the city has expanded to touch this area and a lot of development is taking place in the vicinity. The value of those four plots has soared to Rs 1.2 crore, which amounts to a compounded annual return of 23.72% over 20 years.
Home for rent? Bypass the broker
Aug 18, 2013
DELHI: Shreya Shah will be moving from Nashik to Mumbai soon and has finalized a house to be taken up on rent. Oddly, she has never really laid eyes on it. "I got to know of the girl who lives there online, spoke to the landlord on the phone, and saw the photos on email. I will actually see it the day I move," says Shah, who works with a multinational bank.
Gurgaon Extension: Next residential hub
Aug 17, 2013
DELHI: Like Noida Extension (Greater Noida West) and Raj Nagar Extension (Ghaziabad), a new developing zone – Gurgaon Extension (the area extending from Sohna Road and directly connected to the main Gurgaon-Sohna Road) – is being considered by realty experts as a good place for affordable-range housing. The value of investments could double here once IMT Sohna is up and running, experts say. Also, the Delhi-Mumbai dedicated freight corridor is located close by and all the mega industrial estates
Market boom on Gurgaon Faridabad Road
Aug 17, 2013
DELHI: Real estate development along Gurgaon-Faridabad Road, which further connects to Ballabhgarh-Sohna Road, is in a boom phase. The scenic view of the Aravali hills and the valleys offered by the residential and hotel projects under construction in this area has ramped up the demand in this area. Already, this developing zone has a 9-hole golf course. The prevailing rate of housing projects here is in the range of Rs 7,500-10,500 per sq ft.
National Green Tribunal whammy to realty projects in Noida
Aug 16, 2013
DELHI: In a major setback to realty projects in Noida, the National Green Tribunal (NGT) on August 14 ordered the Noida Authority to stop construction work of all projects which do not have requisite environmental clearances within 10km radius of Okhla bird sanctuary. The tribunal has also directed Noida Authority to conduct a fresh survey and find out the projects falling within the radius.
Elders take up Bill on regulator for real estate
Aug 16, 2013
DELHI: The Real Estate (Regulation and Development) Bill 2013, aimed at inducting professionalism and standardisation in the sector, was tabled in Rajya Sabha here on Wednesday.
Bill in Rajya Sabha to regulate real estate introduced
Aug 16, 2013
DELHI: The real estate regulation and development bill that seeks to protect home buyers from dishonest builders was tabled in the Rajya Sabha on Wednesday by minister of housing and urban poverty alleviation Girija Vyas.
Bill in Rajya Sabha to regulate real estate introduced
Aug 15, 2013
DELHI: A bill seeking to protect home buyers from unscrupulous developers and builders and having provisions like jail term of up to three years for offences like putting up misleading advertisements about projects repeatedly, was introduced in Rajya Sabha on Wednesday.
DLF says debt may fall below Rs 15,500 crore by fiscal-end
Aug 15, 2013
DELHI: DLF, the largest real estate developer in India, said it will cut debt by about a quarter to Rs 15,500 crore over the next nine months, mainly on the back of receipts from the sale of its luxury hotel chain Aman Resorts and some land divestitures.

Latest Realty News Of State

Realty Talk's