PROPGUIDE − A Complete Property Guide
#happyhome

#RealtyNewsRoundup: DDA To Penalise Buyers For Returning Flats

Loading video...

Description

The Delhi Development Authority (DDA) has decided to levy a penalty on homebuyers for returning flats. This will range from 25-100 per cent of the earnest money. The move will ensure only serious buyers apply for its new housing scheme that is likely to be announced in next month. The DDA will put up 13,500 flats for sale wherein the earnest money deposit will be Rs 1 lakh for units meant for the low-income group and Rs 2 lakh for flats meant for middle-and high-income groups.

Also Read: All You Need To Know About DDA Housing Scheme 2017

The Centre has warned states against introducing rules and regulations in violation of the provisions of the Real Estate (Regulation & Development) Act, 2016, saying dilution may trigger a legal challenge. While Gujarat has kept all housing projects launched before November 2016 out of the new law’s ambit, Andhra Pradesh, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan, Uttar Pradesh and Tamil Nadu have also diluted norms to give relief to incomplete projects.

Also Read: Do We Expect Weak RERA As States Seen Diluting Central Norms?

The Greater Noida Authority is fast-tracking the handover of the residential units to homebuyers in Greater Noida West. While 6,000 homes registries have already been completed in the past six months, the authority is getting ready to complete registries of another 8,000 homes in Noida Extension in the next six months.

The Pimpri-Chinchwad Municipal Corporation (PCMC) is giving a concession of five per cent on the general tax component of property tax to property holders paying their tax and arrears through cashless transactions. The concession is applicable only on payment through mobile app and website of the civic body.

 

Source: Media reports

Tags: Property tax, DDA, Video, propguide, PCMC


#RealtyNewsRoundup: UP Gets Cracking To Become RERA Compliant

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

June 14 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: YEIDA To Cancel Land Allotment Over Non-Payment Of Dues

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

March 06 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: States Don’t Have The Power To Dilute Real Estate Act, Says Naidu [Video]

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

January 18 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: Delhi Set To Implement Real Estate Act

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

November 16 2016

+ Click Here To Read This Article

#WeeklyNewsRoundup: DDA Extends Deadline For 2017 Housing Scheme

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

August 12 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: Maharashtra Raises Stamp Duty On Gift Deeds

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

August 11 2017

+ Click Here To Read This Article

#WeeklyNewsRoundup: States Extend Deadline For Project Registration Under RERA

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

August 05 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: RBI Cuts Repo Rate; Home Loans To Be Cheaper

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

August 03 2017

+ Click Here To Read This Article

Let us look at the key factors that are helping Hyderabad and its real estate grow bigger day by...

According to a recent ruling by the Income Tax Appellate Tribunal, a taxpayer can invest capital...

Here are the day's stop news stories from the real estate sector.

Bengaluru real estate is known for its wide range of properties in the luxury segment. So, if you...

The Goods And Services Taxes has clearned a proposal to charge a cess of 15 per cent on luxury cars...

The state Legislative Assembly has amended the Maharashtra Stamp Duty Act to increase the charges...

Expecting the arrival of an airport, real estate developers have invested heavily around Jewar....

As the completion date of the Southern Peripheral Road nears, PropGuide on how the new corridor...

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

PropGuide simplifies complex real estate jargons for you.

Prime lending rate is the interest rate at which banks lend to its most credit worthy...

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

Subscribe Now

To stay tuned with real estate updates

Pick:

x +

Drop Your Query Here


Top