New Gurgaon is fast emerging as a realty destination in the NCR as the city is beautifully stoked by commercial as well as the residential properties. Although the delay in the completion of Dwarka Expressway has resulted in the slowdown of the work, this has not affected much to the development of the area.
“Sectors close to the national highway are registering good movement. People working in the offices located at National Highway Toll Plaza prefer this area due to the proximity to their office location. Affordability is also one factor that is driving demand in this area. Social amenities like local markets, schools, etc are developing fast with families living in this newly developed area,” says Surabhi Arora, Senior Associate Director (Research) at Colliers International India.
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GURUGRAM: The department of town and country planning (DTCP) demolished two unauthorised colonies in Sohna tehsil on Tuesday. The encroachers had even built roads to the colonies, which was also demolished by the officials.
The drive was carried out by a team comprising district town planner (enforcement) RT Sharma, two assistant town planners, four junior engineers and other officials, as well as a duty magistrate and around two dozen cops from Sohna Sadar and Sohna City police stations.
An unauthorised colony each were demolished in Mandawar and Sohna villages in Sohna tehsil. While the illegal colony in Mandawar was spread over 30 acres, an illegal colony of around 3 acres had come up in Sohna village.
The team demolished five under-construction houses, several structures and two roads ... Read More
There are always so many things one ponders on while buying a property. So many questions hover in mind and if these questions are not properly answered, one is always confused to make an informed decision.It doesn’t matter if the buyer is purchasing the property for the first time in their life or fifth time, there is always emotions and feelings attached to it. The buyer should be well-informed and properly prepared for the purchasing process. If the buyer is well-informed, the buying process also becomes relatively smooth. While buying a property, the most important rule is that “no question is a dumb question”. Anything can be asked for which one is unsure... Read More
NEW DELHI: Travel between Palwal and Kundli will become seamless and the commute time will come down by half to just one-and-a-half hours from next month with the opening of the six-lane Eastern Peripheral Expressway (EPE).
However, the expressway still doesn’t have fuel stations, repair shops and eating joints. The government will also have to maintain robust enforcement against speeding and provide smooth connectivity for those exiting the expressway towards Chandigarh..
TOI travelled on the 135-km stretch on Saturday and saw how engineers and construction Eastern Peripheral Expressway (EPE)
Eastern Peripheral Expressway (EPE)
workers were doing shifts round the clock to complete the work by April 29 when PM Narendra Modi is scheduled to inaugurate the stretch... Read More
The probe has indicted the urban development authority’s estate office staff for their alleged involvement in the irregularities.
GURUGRAM: Huda has sought a high-level investigation into an alleged e-auction scam after an internal probe found irregularities in online sale of its properties in Gurugram last year. The probe has indicted the urban development authority’s estate office staff for their alleged involvement in the irregularities.
TOI had on September 28 highlighted the irregularities in the e-auction of Huda properties in the city, prompting the internal probe. The authority was accused of uploading details of properties on its website just two days before the e-auction in June-July, allegedly to benefit a couple of individuals and causing huge losses to the state exchequer... Read More
The demolition drive will continue till the entire area is freed of encroachments and unauthorised constructions, said district town planner (enforcement) Rajendra T Sharma.
GURUGRAM: In a crackdown on illegal structures in new sectors of the city, the enforcement wing of department of town and country planning (DTCP) demolished over 500 structures in sectors 81-95 this week. Between Monday and Wednesday — structures built along sector roads, unplanned pockets and on land acquired by Huda for sector roads — were demolished in one of DTCP’s biggest drives in recent times to check unplanned development in new sectors.
“The unplanned construction in these sectors was hampering planned development, besides being a security concern for residents who had recently shifted to these sectors,”... Read More
In 2016, Trump Organization had entered into its first commercial office deal in India with private equity fund and developer IREO
NEW DELHI: After making India its largest market with most number of Trump branded properties outside of North America, Trump Organization is in process to launch its maiden commercial real estate project in the country later this year.
“We will be launching a commercial project in India this year,” said Donald Trump Jr., Executive Vice Chairman of The Trump Organization.
The American real estate firm is also keen on forming alliances for hospitality projects in India but will take a decision on this at an “appropriate time”, he added.
In 2016, Trump Organization had entered into its first commercial office deal in India with private equity fund and dev... Read More
RERA has the ability to address these unstructured practices and completely change the landscape of real estate sector, including the way the business transactions are being done
RERA is undoubtedly one of the most significant regulatory developments for the real estate sector. Over the years, real estate sector has been characterised by myriad unstructured practices, which has given a very different perception of the sector to the larger stakeholders of the economy. These practices have led to increase in the number of litigations, marked with worsening customer sentiments as seen in the recent times.
RERA has the ability to address these unstructured practices and completely change the landscape of real estate sector, including the way the business transactions are being done... Read More
The ministry has also come out with eight models to promote private sector participation in the affordable housing sector
Admitting that India’s urban infrastructure was under “extreme strain”, Union Minister of State for Housing and Urban Affairs Hardeep Singh Puri has said the government was committed to bringing holistic transformation in the country’s infrastructure development, including providing 12 million houses in urban areas by 2022.
Sanctioning at a rate of 3 lakh to 5 lakh affordable houses per month under the Pradhan Mantri Awas Yojana (PMAY), Puri said the government is committed to providing “12 million houses in urban areas by 2022 as part of its home-for-all campaign”... Read More
DTCP had issued affordable housing licences over 331 acres, on which around 46,000 units are at different stages of completion, in sectors along Northern Peripheral Road (NPR), also known as Dwarka expressway, and Southern Peripheral Road (SPR).
GURUGRAM: The supply of affordable housing in Gurgaon, one of India’s largest real estate markets, is expected to see a significant boost, after the department of town and country planning (DTCP) invited fresh applications for licences to build over 3 lakh affordable housing units.
Haryana amended its Affordable Housing Policy 2013 in October 2017, to extend an existing cap of 300 acre in Gurgaon district to 1,935 acre... Read More