Realty axis

Greater Noida Scheme in Zeta – II

admin — Wed, 14 Jul 2010 10:09:59 +0000

Greater Noida Authority has launched another scheme for Zeta-II Sector, 120 sqm=120 plots, 200 sqm = 120 plots, 300 sqm=70 plots, Rs 11,500 rate per sqm…Regi money is Rs 1.40, 2.30, [...]

Ghaziabad Development Authority (GDA) To Sell Leftover Plots

admin — Fri, 09 Jul 2010 14:48:59 +0000

The Ghaziabad Development Authority has decided to sell the leftover plots and houses. The scheme for the same is expected to be announced in the next fortnight.

GDA vice-chairman Narinder Kumar Choudhary said, “During audit, it was revealed that several plots and houses which were cancelled were lying idle. The allottees of these properties were given the [...]

Unsold Realty Stocks Pile Up On Rising Rates

admin — Wed, 07 Jul 2010 15:55:54 +0000

The demand for residential property has taken a big beating thanks to the sharp rise in prices across the country, resulting in a massive stock of unsold residential inventory in cities like Delhi and Mumbai.

According to Pankaj Kapoor, managing director of real estate research firm Liases Foras, the reason for the drop in demand is the [...]

Faridabad Gets Two New Residential Sectors

admin — Sat, 03 Jul 2010 16:03:35 +0000

The Haryana government is planning to invite applications for residential plots in the two newly created sectors in Greater Faridabad.

“We are planning to invite applications for residential plots in the two newly-created sectors -75 and 80 -which fall in Greater Faridabad,” said Arvind Malhan, Estates Officer, Haryana Urban Development Authority, Faridabad.

“Once we get the administrative approval [...]

Realty Industry Divided Over Price Correction

admin — Thu, 01 Jul 2010 17:28:19 +0000

Even as realtors are upbeat about growing demand in their sector, the industry stands divided over a possible correction in the skyrocketing prices of residential properties in major Indian metros.

Over the past few years, property prices in most of the Indian cities have appreciated by over 250 per cent while the economy was growing at 8 [...]

Greater Mohali Area Development Authority

admin — Wed, 30 Jun 2010 08:51:14 +0000

4000 plots/ 12000 /sq yard rate / See the prospectus [...]

More Land For Delhi Under The New Master Plan

admin — Sat, 26 Jun 2010 16:54:08 +0000

Sabina Saluja moved from South Delhi to Gurgaon in the late ’90s. Thanks to the Master Plan 2021 that envis- ages creation of five new sub- cities within Delhi, bigger than Dwarka and Rohini, her 15-year-old son can think of moving back to the Capital ten years from now. With almost 60,000 hectares to be unlocked [...]

1,000 Farmers To Get Plots Under GNIDA Scheme

admin — Tue, 22 Jun 2010 14:21:56 +0000

The Greater Noida Authority (GNIDA) has decided to allot a residential plot each to 1,000 farmers from seven villages under the 6 per cent scheme.

Under the scheme, GNIDA allots 6 per cent developed land of the total land given by the farmers to the authority. A development cess of Rs 450 per sq mt is charged [...]

Ghaziabad Development Authority (GDA) To Build 1,000 Flats

admin — Sun, 20 Jun 2010 17:07:12 +0000

The Ghaziabad Development Authority (GDA) will now bring a scheme of 1,000 flats, according to GDA vice-chairman N.K. Chaudhary. The era of plots has ended and the GDA will now concentrate on building flats, he said.

The GDA last allotted 875 plots in Madhuban-Bapu Dhaam.

Chaudhary said a scheme of 1,000 flats would be launched in Madhuban-Bapu Dhaam [...]

Draw Of 2000 Faridabad Plots On June 21

admin — Wed, 16 Jun 2010 13:36:34 +0000

The wait is finally over for more than 2.50 lakh people who had applied for res- idential plots in Faridabad about six months ago. The Haryana government has decided to hold the draw of the residential plots on June 21.

“We have decided to hold draw of various residential plots at Faridabad and Palwal on June 21 [...]