PROPGUIDE − A Complete Property Guide
#happyhome

#RealtyNewsRoundup: Uttar Pradesh To Hike Stamp Duty, Circle Rates

Loading video...

Description

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

Registering new homes in Noida is set to become costlier with the Uttar Pradesh government proposing to increase the circle rates in the state. The state has also decided to implement a hike in the stamp duty charges — from five earlier to seven per cent now — it had approved earlier this year. Circle rates in various parts of Noida are already higher than market rates, affecting both buying and selling of property.

Nearly two months after the National Highways Authority of India (NHAI) had sought some time to complete the construction of the Dwarka Expressway’s on the Delhi side, the Delhi government has appointed a panel to identify and acquire land for the high-speed corridor. Of the 27.9-km road project, which has got the national highway status, 18 km will be in Gurgaon while the remaining 9.9 km will be in Delhi. 

The Union Cabinet has given its go-ahead to introduce amendments to the Benami Transactions (Prohibition) (Amendment) Bill, 2015. Under the Bill, those disclosing assets under the black-money window — the Income Disclosure Scheme (IDS) — will get immunity from the stringent Benami Act.

Mumbai-based DB Realty's hospitality arm has joined hands with Anil Ambani’s Reliance Group to develop a 1,100-room hotel and the country’s largest convention centre at a 7.7-acre land parcel at Delhi airport's hospitality district Aerocity. DB Realty had bagged a bid for the plot at an auction in 2009 for Rs 400 crore from the Delhi International Airport Ltd.

Source: Media reports

Tags: Noida, Stamp Duty, Dwarka Expressway, 2015, Video


#RealtyNewsRoundup: Noida May Hike Circle Rates Only In Premium Areas

Here are the top stories from the real estate sector.

July 26 2016

+ Click Here To Read This Article

Why Is Circle Rate Important For Home Buyers

Circle rate is the minimum price at which any real estate asset can be sold.

May 03 2017

+ Click Here To Read This Article

#WeeklyNewsRoundup: Noida Authority Approves Exit Policy For Developers

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

October 29 2016

+ Click Here To Read This Article

[Update] Increased Circle Rates Will Not Apply To Flats In Noida

Authorities in Gurgaon and Noida are making all the effort to shake off the slump in their real estate markets.

August 01 2016

+ Click Here To Read This Article

#WeeklyRealtyNewsRoundup: DMRC To Sell Apartments In Delhi

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

July 23 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Dwarka Expressway Gets National Highway Status

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

June 23 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: CREDAI Wants States To Scrap Stamp Duty

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

May 25 2017

+ Click Here To Read This Article

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

For those planning to invest in posh Chennai colonies, PropGuide lists five localities that top the...

According to a recently released pollution index released by Numbeo, as many as 50 Indian cities...

Investing in unauthorised colonies is alluring but risky. Serial investors buy properties in...

Service tax is payable only on property purchase directly from developers and is not required in...

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

Noida offers a perfect blend of residential apartment societies, luxury villas and commercial...

A number of developers have come up with township projects in different parts of Bengaluru....

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