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, Circle Rate, DB Realty, propguide, National Highways Authority of India, Benami Transactions (Prohibition) (Amendment) Bill, Reliance Group


#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

#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

An Explainer: Circle Rate

PropGuide simplifies complex real estate jargons for you.

July 07 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

PropTiger Q2 Report FY'16: How North India's Hottest Real Estate Markets Fared In Q2’FY16

PropGuide compares the residential real estate markets of Noida (including Greater Noida and Yamuna Expressway) and Gurgaon (including Bhiwadi, Dharuhera and Sohna) head-to-head.

November 10 2015

+ Click Here To Read This Article

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

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

Praveen Jain, president, National Real Estate Development Council (NAREDCO) & CMD Tulip , throws...

Kandivali is a thriving suburb in north Mumbai and is nestled on Mahatma Gandhi Road and Link Road....

Due to many reasons, real estate developers will not reduce property prices in the coming future.

An ancestral property is the one which one inherits from one’s forefathers.

The Modi government has decided to demonitise currency notes of Rs 500 and Rs 1,000. That has left...

Many investors use little or none of their own money when investing in real estate.

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,...

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

PropGuide dejargons complex real estate terms for you.

Subscribe Now

To stay tuned with real estate updates

Pick:

x +

Drop Your Query here


Top