The foundation stone laying of the Rs 31632 crore Delhi- Ghaziabad-Meerut Regional Rapid Transit System (RRTS) by Prime Minister Modi , has set the ball rolling for the rapid development of the region, especially Ghaziabad which has emerged as the hottest affordable destination in the NCR. The 82 km Delhi- Meerut Corridor , connecting Delhi and…
Month: March 2019
Delhi to Mumbai: a scanty 12 hours’ drive
The foundation stone for the six-lane 59-km access-controlled road stretch from the Western Peripheral Expressway (WPE) near Sohna to Ring Road near the DND flyway will be laid by a top official. This will bring Manesar closer to the National Capital and connect India’s national and financial capitals thereby reducing the travel time between the…
GST Council require secretariat with domain expertise
The GST council made the system more rational and operational since the implementation of GST on July 1, 2017 making a number of changes in the system. Dealing with both the structure and operational details, the changes made in India have been far more frequent and basic reasoning the inability to move away from the…
Hindon Air Connectivity to Boost Ghaziabad Realty
The setting up of civil terminal at the Hindon Air Force Station in Ghaziabad to start domestic flights across different regional locations in India, is set to provide a major connectivity boost to Ghaziabad real estate. The new civil terminal spread over 3500 square meters is built at a cost of 45.2 crore rupees. The…
Micro-living: An ancillary to the Real Estate sector
Since the last few years, there has been an increasing demand for micro-living. Micro-living is basically a micro-home or a micro-apartment which is self-contained, single-bedroom unit and are mostly meant for single occupancy. These units are sized between 50 and 350 sq. ft and are mostly found in urban catchments. Micro-homes are not just limited…
Delhi nod to Dwarka Expressway to boost realty development
The long awaited approval by the Delhi government to Dwarka Expressway project will not only speed up the construction of this expressway, also known as Northern Peripheral way, but also the ensuing connectivity boost will strengthen realty development in this hot emerging real estate destination. NHAI is developing Dwarka Expressway as an elevated road.The 29km…
Owning a House not a dream anymore
Following the government’s decision to cut the Goods & Services Tax (GST) rates for under-construction properties to 5 per cent from 12 per cent, the demand for residential properties is anticipated to experience a boom in the sector. While revising the definition of affordable houses, the government has reduced GST to marginal 1 per cent…
Smart City development of Karnal boosting residential real estate
Following the inclusion of Karnal in the Smart City Mission of the Cenre in June 2017, various development works undertaken as part of Smart City are providing a major push to housing in the city, especially affordable housing, propelled by Affordable Housing Policy of the state. So far all 100 Smart Cities including Karnal have…
GST cut lowers transaction cost to boost affordable housing
GST cut lowers transaction cost to boost affordable housing The recent cut in GST rates for the under- construction homes, coming on the heels of income tax benefits announced in the interim budget for the financial year 2018-19, will further strengthen affordability of home buyers, giving the required push to affordable and mid- segment housing….