Monthly Archives: September 2012

While buying property, real estate customers get shortchanged on many a front: ambiguities in buyer’s agreement, unclear property title etc. They are advised to exercise utmost caution and take the following safeguards: Thoroughly check that the concerned developer has a …

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To buy property which has been auctioned by banks can come at cheaper rates. This is mainly due to the fact that the purpose behind the sale is to recover losses and not necessarily gain profits. Moreover, due diligence has …

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This festive season, a lot of realty developers have decided to use a 20: 80 scheme as a marketing tool to enhance realty sales across major cities. According to such ‘subvention schemes’ buyers are expected to pay a lower percentage …

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Since June this year, there has been a decrease in the sale of property in Mumbai when the number of sales’ registrations were calculated. There has been a decline of about 13% till date since May 2012. In comparison to …

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As Air India has over 22 floors in a building at Nariman Point but it requires not more than three floors, it is possible that it will rent office spaces to interested parties including State Bank of India, Citibank, Hindustan …

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According to the Municipal Corporation of Gurgaon (MCG) and the District Town Planner (DTP) it will no longer be a mandate to obtain a no objection certificate for sale or purchase of plots less than 1000 square meter. This was …

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In the light of retail reforms which allow open both single and multi-brand retail for foreign investors, DLF is set to develop India ‘s largest mall in Gurgaon which is expected to open in 2016. The developer is anticipating that …

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On 14 September 2012, the CEO of the Greater NOIDA Industrial Development Authority (GNIDA) renamed the region which was considered to be part of an extension of NOIDA as Greater NOIDA (West). Besides adding convenience by demarcating this region from …

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Greater Noida may witness some relief from protests by farmers as well as bodies such as Noida Extension Flat Owners Welfare Association (NEFOWA). NEFOWA is now known to have urged its members to pay their installments to the developers. Moreover, …

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On 21 September 2012, Chief Minister of Maharashtra, Prithviraj Chavan, announced that the Maharashtra Government will increase the Floor Space Index (FSI). This will allow developers to built taller skyscrapers. According to Chavan, who also happens to lead the Urban …

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