Noida offers amnesty to defaulting plot allottees
Dec 02, 2013
Source : The Times of India


DELHI: An amnesty scheme has been launched by Noida Authority to waive penalties on investors defaulting in paying regular instalments against plots allotted to them. The scheme is expected to benefit hundreds of outstation and overseas investors.

“The scheme has been devised primarily to provide relief to investors who reside outside,” said Rama Raman, chairman and CEO, Noida Authority. The Authority would forgo fines if investors make advance payments of instalments due by them after clearing old dues.

Apart from overseas investors, the Authority had been receiving requests from several quarters for a scheme aimed at relieving the burden of penalties from defaulting allottees.

Latest Realty News

Does real estate give spectacular returns
Dec 02, 2013
DELHI: A client called me for advice on a real estate investment. He had recently sold some old family property and wanted to invest his share of the proceeds in a commercial property. Real estate dominated his portfolio, so I told him not to put all eggs in one basket. The client shared his inherited piece of wisdom that since time immemorial, real estate has given great returns: "Invest in thousands and reap in lakhs."
Realtors want control of more Gurgaon roads from MCG
Dec 02, 2013
DELHI: Real estate developers have urged the Municipal Corporation of Gurgaon to hand them control of roads that connect city areas to villages, eyeing a revenue windfall as the urban sprawl expands. There are hundreds of revenue roads, as the streets in gentrified areas are known, across Gurgaon as villages surround the city’s urban boom. The civic body has so far received 35 applications from several builders and isn’t averse to the idea of a handover, which will entrust private developers wit
Mixed land use approved by Noida Authority
Dec 02, 2013
DELHI: Mixed land use will soon be a reality in Noida wherein certain commercial activities can be carried out from within sectors earmarked for other uses. In its 180th board meeting on November 29, Noida Authority provided in-principle approval of mixed land use policy for specific areas within industrial and residential sectors.
Builder area residents won’t pay property tax until MCG takes over
Nov 30, 2013
DELHI: Even as the MCG has extended the deadline for payment of property tax, DLF and other private builder area residents have refused to pay up. Residents say they will not budge till the Municipal Corporation of Gurgaon (MCG) takes over these areas from private builders.
PEs open up new avenues
Nov 29, 2013
DELHI:The real estate sector witnessed most of the transformation in the last nine years after the Government allowed foreign players to invest in 2005.
Finance firms bring home for everyone
Nov 29, 2013
DELHI: The housing finance industry has grown significantly both in terms of size and numbers in the last 20 years.
Rapid urbanisation creating new spaces in Delhi-NCR market
Nov 28, 2013
DELHI: What makes the Delhi-NCR real estate market stand out compared with many other corridors in the country?
Infrastructure upgrades get priority in Greater Noida
Nov 28, 2013
DELHI: After a long and undisputed success of Noida, Indirapuram and Raj Nagar Extention, the government authorities have their hands and eyes set on Greater Noida. Already known as the industrial and educational hub of NCR, Greater Noida has been witnessing real estate development for the past few years.
Onion tears in the Indian residential sector
Nov 28, 2013
DELHI: The whole country was recently abuzz when the price of onions (one of the most essential staples of the Indian diet) rose above the price limit of Rs 100 per kg (that’s nearly USD 0.75 per pound) in the country’s capital and surrounding areas. The reasons for this were a crop affected by unseasonal rains and hoarding by suppliers and a few large farmers to create an artificial supply shortfall. This story finds a parallel in the country’s residential sector.
Indian real estate sector: Waiting for a change
Nov 28, 2013
DELHI: Overall the real estate industry is grappling with a paradox. There is a distinct gap in the supply – demand scenario and costs involved. Builders have numerous concerns to deal with even before they start construction. Some of which include the amount of time and costs involved in obtaining the plethora of approvals and licences required, the incessant wait for bureaucratic processes, being stuck with non-productive land for which they have to incur expenses. All this coupled with the co

Latest Realty News Of State

Realty Talk's