PROPGUIDE − A Complete Property Guide
#happyhome

#RealtyNewsRoundup: DDA Admits To Have Lost Over 1,600 Acres [Video]

Loading video...

Description

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

The Delhi Development Authority (DDA) has admitted to Comptroller and Auditor General (CAG) that it has lost 1,613 acres of land — three times the size of President's — Estate  even after acquiring them, as it failed to take the physical possession of these land parcels. In its latest report, the CAG has highlighted how poor coordination between the DDA and the Delhi government resulted in failure in procurement of land in Bakkarwala, Tikri Kalan, Malikpur Kohi/Rangpuri, Bamnoli, Nasirpur, Kirari Suleman Nagar and Madanpur Dabas.

In Navi Mumbai, six land tender plots for residential-cum-commercial purpose have fetched Cidco a whopping Rs 177 crore. While five plots put up for bidding were in Sanpada, Sector 8; the sixth plot was in Nerul’s Sector 38. In June this year, Cidco had sold four tender plots in Sanpada and Nerul areas for a Rs 319 crore.

The West Bengal government recently passed the Kolkata Municipal Corporation (Amendment) Act, 2016, paving the way for the new tax regime under which the taxpayer will make self-assessment and fill in a “self-declaration“ form to calculate annual valuation of his property. To be effective from April next year, the move will benefit more than six lakh people.

In one of the biggest deals for a property in Lutyens’ Delhi, DLF Chairman KP Singh’s daughter Renuka Talwar has acquired a bungalow on Prithviraj Road for Rs 435 crore. Located on a 4,925 sq metre plot, the bungalow has a built-up area of around 1,189 square metres and was sold for Rs 8.8 lakh per sq m. Based on current circle rates, its value is around Rs 383 crore.

Source: Media reports

Tags: Kolkata, DLF, Delhi Development Authority, Video, Lutyens’ Delhi, propguide, Sanpada Navi Mumbai, Nerul’s Sector 38, Prithviraj Road, Bakkarwala, Tikri Kalan, Malikpur Kohi/ Rangpuri, Bamnoli, Nasirpur, Kirari Suleman Nagar, Madanpur Dabas


#WeeklyNewsRoundup: Foreign Property Should Be In The Name Of All Remitters, Says RBI

Here are the week's top news stories from the real estate sector.

September 10 2016

+ Click Here To Read This Article

Is NCR Losing Out To Mumbai, Bengaluru, Pune?

The National Capital Region, for very long, has been the largest residential real estate market in India. But, is NCR losing out to Mumbai, Bengaluru and Pune?

November 10 2015

+ Click Here To Read This Article

DDA To Auction Vacant Land Parcels. Why This Matters

The Delhi Development Authority has decided to auction land parcels in densely populated areas of the city to protect its vacant land parcels from encroachment. PropGuide on why is this important.

October 12 2015

+ Click Here To Read This Article

5 Creative Eco Resorts Around The World

If luxury housing are eco-friendly then what else could you want? It's like having your cake and eating it too!

May 04 2015

+ Click Here To Read This Article

#RealtyNewsRoundup: Centre Relaxes Green Norms For Construction Projects [Video]

Here are today's top news stories from the real estate sector.

December 15 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Jail For Bank Account Violations, Warns Taxman

Here are today's top news stories from the real estate sector.

November 21 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Highrises Can Come Up 100M From Defence Camps

Here are today's top news stories from the real estate sector.

October 27 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Average Housing Prices Spiked, Show RBI Data

Here are today's top news stories from the real estate sector.

October 25 2016

+ Click Here To Read This Article

Here are today's top news stories from the real estate sector.

The Bloomberg Billionaires Index shows that the top 12 property developers in Hong Kong made more...

The Land Transformation Management System espoused by the Narendra Modi government is a significant...

One of the country’s largest contributors towards Gross Domestic Product (GDP) and employment...

The Akrama-Sakrama Scheme came into force in March 23, 2015. The owners now have an extended...

Union Urban Development Minister Venkaiah Naidu says India will soon have a more efficient parking...

Reports show authorities in Noida are mulling an exit policy for developers to surrender vacant...

Here is all you need to know about 'betterment fees'.

A building code is a set of norms that govern construction of buildings by stipulating minimum...

Proptiger has released it's quarterly review report on India's real estate sector. Ankur Dhawan,...

PropGuide simplifies complex real estate jargons for you.

Sunil Mishra, Chief Business Officer, PropTiger, talks on new online realty platforms for NRIs.

Subscribe Now

To stay tuned with real estate updates

Pick:

x +

Drop Your Query here


Top