Category Archives: NCR Delhi

As per a tribunal order issued by the Income Tax Department, dated 7 July 2010, sale of similar flats in a building at drastically varied property rates are indicative of an underhand cash deal. In such a case, the Income …

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As per amendments to Section 56 of the Income Tax Act, which were made by the Union Finance Minister P Chidambaram, if a property is undervalued at say, Rs 80 lakh while the Ready Reckoner (RR) property rate for the …

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Recognized realty developer Wave Group made an announcement of its affordable housing project in Ghaziabad. The group has plans to invest around Rs. 500 Cr. in this project.   As part of a 4500 acre integrated township, Wave Infratech, Wave …

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In a meeting which took place on 13 March, the Municipal Corporation of Gurgaon decided to give rebate on property tax to owners of plots.   The percentage of rebate on property varies from the sizes of plots. For instance, …

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As reported in The Economic Times, Ansal Properties and Infrastructure (Ansal API), a reputed real estate developer recorded property sale of worth Rs. 2,361 Cr. in last 11 months. Although in terms of value incurred in the last fiscal property …

Posted in Gurgaon, Investment, NCR Delhi, Newsletter, NOIDA | 1 Comment

The Haryana Urban Development Authority (HUDA) has received nearly Rs605 Crore while the requisite amount for the development of HUDA sectors is approximately Rs 890 Crore.   This capital will be used to set up proper storm water drainage system …

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Nearly 50 players from the real estate sector of India will participate in an Indian Property Show to be held at Doha in Dubai from March 29-30.   These players include top real estate developers, construction companies, banks and real …

Posted in Bangalore, Gurgaon, Investment, Mumbai, NCR Delhi, Newsletter, NOIDA | Tagged , , , | 1 Comment

Golf Course Road in Gurgaon is considered to be one of the best areas to work and reside. DLF Golf and Country Club has been a big contributor in popularity of this region. With some leading offices including Genpact, Ernst …

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A tentative draft of The Haryana Real Estate (Regulation and Development Bill) 2013 has been posted on the website of the Development of Town and Country Planning– Haryana: http://tcpharyana.gov.in. Although media reports have mentioned that suggestions are invited, no deadline …

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Gurgaon also known as ‘the Millennium City’ lies on the periphery of Delhi. This city has grown into a hub of industries and Multinational Corporations (MNCs). With state-of-the-art infrastructure, presence of National Highway-8 and proximity to the airport, this city …

Posted in Gurgaon, Investment, NCR Delhi | Tagged , , , | 5 Comments