PROPGUIDE − A Complete Property Guide
#happyhome

#WeeklyRealtyNewsRoundup: DMRC To Sell Apartments In Delhi

Loading video...

Description

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

The Centre recently said the Navi Mumbai International Airport, which will act as the aerial bypass to ease traffic at the Chhatrapati Shivaji International Airport, may start operations by December 2019. Minister of state for civil aviation Jayant Sinha said all major clearances had been obtained, including acquisition of 160 hectares and the phase-I of aircraft operations with a capacity to handle 10 million passengers per annum is expected to commence by December 2019. 

Unable to sell its commercial space at metro stations, the Delhi Metro Rail Corporation (DMRC) has decided to sell residential property in the national capital. The DMRC will construct 93 flats at Okhla and 350 apartments in Janakpuri in 2BHK and 3BHK configurations. The flats, which would be allotted through draw of lots, are likely to cost between Rs 80 lakh and Rs 1 crore. 

In an effort to make real estate investment trusts (REITs) more attractive to realtors and investors, the Securities and Exchange Board of India (Sebi) has relaxed norms for related party transactions and allowed these trusts to invest more in under-construction assets. The proposed move would allow up to 20 per cent investment by REITs in under-construction projects, up from 10 per cent allowed currently. 

The Maharashtra government told the Bombay High Court that it had taken back over 38 sq km of land given on a lease or occupancy basis to private entities following breach of terms of allotment. An affidavit by the Department of Revenue and Forests states that nearly 1,513 sq km was allotted to 81,141 entities and 5,119 cases were reported in which land was being misused. 

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. 

Tags: News, REIT, Realty news, REITs, Realty news Delhi and NCR, Realty News Roundup, 2015, Maharashtra government, DMRC, Video, Real Estate Investment Trusts, Weekly Roundup, Chhatrapati Shivaji International Airport, propguide, Delhi Metro Rail Corporation, Navi Mumbai International Airport, Benami Transactions (Prohibition) (Amendment) Bill, Weekly News Roundup


Why Real Estate Is So Expensive In Mumbai

In India’s most prosperous city, half the population live in slums. In Savills' top 12 most expensive cities in the world, Mumbai was the cheapest city to live in. Yet, why is real estate in Mumbai the most expensive real estate is the world?

May 18 2015

+ Click Here To Read This Article

#Budget2017: Industry Wants More Clarity On REITs

Real Estate Investment Trusts are most anticipated subjects for the realty sector. It is the wait-and-watch mode for the realty sector to see if the Union Budget 2017 will address the issues pertaining to the unattractiveness of REITs.

January 20 2017

+ Click Here To Read This Article

#Budget2017: Top 5 Wishes On A Real Estate Developer's Mind

One of the country’s largest contributors towards Gross Domestic Product (GDP) and employment generation, real estate sector, is extremely hopeful for a positive Budget 2017-18.

January 17 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: Navi Mumbai Airport To Start Operations By Dec 2019, Says Minister

Here is PropGuide's selection of top news stories from the real estate sector.

July 22 2016

+ Click Here To Read This Article

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

Here are the top news stories from the real estate sector.

July 21 2016

+ 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.

Confused about the the difference between carpet area, built-up area and super built-up area? Here...

Pune real estate market is bustling with development of under construction as well as ready for...

Goods And Services Taxes (GST): The Rajya Sabha on Wednesday passed the Constitution Amendment Bill...

 Union Budget 2017-18 is being presented by Finance Minister Arun Jaitley today. This Budget...

If you are looking for properties for investment that will see quick appreciation in prices,...

A positive move, provisions for capital gains tax stands tweaked, much to the benefit of the...

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

PropGuide simplifies complex real estate jargons for you.

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.

Subscribe Now

To stay tuned with real estate updates

Pick:

x +

Drop Your Query here


Top