#RealtyNewsRoundup: DDA May Drop Lock-In Clause For 2014 Housing Scheme
The Delhi Development Authority (DDA) is planning to drop the five-year lock-in clause for those who bought homes under its 2014 scheme. If the plan is approved, buyers would be able to sell their houses without having to wait a period of five years.
The Tamil Nadu government is planning to expand metropolitan limits of Chennai. The state capital will now cover 8,878 square kilometres of area. At present, the Chennai metropolitan area is 1,189 square kilometres. In comparison, Mumbai has 4,354 square kilometres, Hyderabad 7,100 square kilometres and Bengaluru 8,005 square kilometres.
The Securities and Exchange Board of India (Sebi) will auction property owned by troubled business conglomerate Sahara in Uttarakhand for over Rs 223 crore. SBI Capital Markets has been mandated to e-auction 82.93 acres of land located at Bahadarabad and Ranipur villages in Haridwar. The auction, which will take place on July 28, is part of the market regulator's effort to recover funds from the beleaguered group.
The Goa Housing Board (GHB) will tie up with private players to develop its properties. The board has opted to collaborate with private companies to offer quality housing. GHB Officials said that they wanted to have some “brand names in real estate on board for development of their future projects”.
Source: Media report