The Greater Noida Authority has begun issuing cancellation notices to over 300 allottees of plots in industrial sectors. The list includes those allottees that have not set up functional units despite several years after taking possession of plots, apart from those who have defaulted upon entering into lease deeds with the Authority after allotments
Sunday 14 October 2012
Delhi NCR - Demand for 3BHK rises in Crossings Republik
Now a days boom in Crossing Republic,ocated on NH 24 bypass road, Crossings Republik is attracting a lot of buyers for 3BHK multi-storey apartments. According to MagicBricks.com data, demand for 3BHK has risen by approximately 9 per cent in July-Sept 2012
Mumbai - Land lease policy in Mumbai to cover prominent properties
The new land lease policy announced by the government will cover some of the most valuable properties along the suburban coastline. At the same time, it will leave out prominent landmarks in South Mumbai that have been given out on lease by the BMC. The revised rates will affect 1,577 government plots on lease across Mumbai, including the suburban bungalows of A-list industrialists and celebrities
Delhi NCR - Yamuna Expressway Authority puts land transfers on hold
YEIDA has sent a proposal to the state government for approval of a new policy for land transfers. While probing the ownership of plots, the Authority found 32 violators who had bypassed the rules of allotment and got more than one plot. Rules cite that one person can apply for just one plot. The probe was undertaken after questions were raised over the allotment policy of the Authorit
Delhi NCR - FAR for motels in Delhi increases by over 11 times
The DDA has given motels in Delhi a more than 11 times hike in FAR( floor area ratio) — it has been increased to 175 from 15. The bonanza was announced at the recent Delhi Development Authority meeting which gave an in-principle approval for the enhancement in FAR of motels with sanctioned building plans as on February 7, 2007
Delhi NCR - Property prices in NCR to shoot up with Ghaziabad-G Noida Link Road
The approval by state authorities on resuming the construction of the 22-km long link road between the two NCRs — Greater Noida and Ghaziabad, has raised hopes of real estate developers and buyers invested in both the areas. The under-construction road connects Zeta sector in Greater Noida to Vijay Nagar Bypass on NH24.
There is only 1.5 km of the passage left to complete this 130 m wide link road. Once done, the areas that are most likely to reap benefit from this link road would include the Zeta sector of Greater Noida and Crossings Republik in Ghaziabad. The road, which has been under construction for the last nine years, has been affected due to farmer’s agitation in Greater Noida.
“The completion of the link road will improve the connectivity and reduce the 30 km travel distance between Ghaziabad and Greater Noida to 20 minutes,” says Amit Rustagi from Dial Property, a Noida-based brokerage firm.
While land owners and builders are keeping their fingers crossed, investors and financers are keeping a vigil over the link road. “If a 2BHK costs Rs 60-65 lakh today, it is likely to escalate to Rs 70-75 lakh once the link road is functional,” say Rustagi.
The Zeta sector is already dotted with projects by developers such as Amrapali, Assotech and Purvanchal, where experts expect a commercial hub soon. Crossings Republik is a fast-developing area in itself with a number of new projects.
The prevailing average rates for multi-storey residential apartments in Zeta, NH24 and Crossings Republik are Rs 2,769, Rs 2,941 and Rs 2,913 respectively. The prices of properties in these areas are expected to go up to Rs 4,000-4,500 per sq ft within five to seven years from now.
“2 BHK apartments in the range of Rs 15 lakh-20 lakh are most likely to come up in Greater Noida as there are very less number of apartments catering to this segment,” says Sanyam Mehra from Investors World, a property brokerage firm. “With good roads and greenery, Greater Noida can prove to be a favourable area for residential as well as commercial properties,” he adds.
Friday 12 October 2012
Piyush Group launched Studio Apartments, near Badhkal Chowk, Faridabad
Read More http://www.daddydealer.com/piyush-group-studio-apartments-badhkal-chowk-faridabad/
Subscribe to:
Posts (Atom)