#RealtyNewsRoundUp: Delhi Govt's Odd-Even Formula To Counter Pollution; 8,400 Allottees Surrender DDA Flats

Realty News Roundup is PropGuide's selection of top stories from the real estate sector.

Top News

To check the rising pollution levels, the Delhi government on Friday decided that odd and even number vehicles would ply on alternate days in the capital from January 1, News agency IANS reported citing government sources. The decision would not apply to CNG-driven buses, taxis and auto-rickshaws but will cover vehicles entering Delhi from other states, too, the report added. Read more.

Nearly one-third allottees of the Delhi Development Authority (DDA) flats under Housing Scheme 2014 have surrendered their flats. Among the reasons provided for surrender of the flats were that they did not like the location or flats or did not find the built-up area sufficient. Read more.

Off the frontpage

The Delhi Metro Railway Corporation has signed an agreement with the Mumbai Metropolitan Region Development Authority for the execution of 18.6 km long phase-I of the Dahisar-Charkop-Bandra-Mankhurd corridor. Read more.

Real estate developers in Gurgaon met the Haryana Urban Development Authority administrator on Thursday and raised concerns about the slow pace of development work in the new sectors of 58 to 115, said a Times of India report. Read  more.

Veteran journalist S Balakrishnan would be bidding for of one of the seven properties of underworld don and global terrorist Dawood Ibrahim, according to a DNA report. Balakrishnan would be setting up an education centre for poor children at the property, said the report. The auction for Dawood's property will be on December 9 at Hotel Diplomat in Colaba. Read more.