Delhi • Real Estate News

Gurgaon-Jaipur expressway developer pledges Rs 90cr for maintenance

Written by Jayanta Wednesday, 02 October 2013

( 0 Votes )NEW DELHI: Drawing flak for snail’s pace construction and poor maintenance of the Gurgaon-Jaipur highway, the developer, Pink City Expressway Ltd (PCEL), has committed to infuse fresh investment to the tune of at least Rs 90 crore over the next two months. The highways ministry has also asked the developer to maintain the damaged service...
 

Redevelopment scheme guidelines get DDA nod

Written by Jayanta Wednesday, 02 October 2013

( 0 Votes )In order to ensure that more dwelling units are built rather than larger ones under redevelopment schemes, the Delhi Development Authority (DDA) on Thursday passed a new proposal. It has been proposed that in residential premises, the number of dwelling units will also be increased in proportion to FAR. In terms of guidelines for redevelopment...

Master Plan of Delhi undergoes makeover

Written by Jayanta Monday, 30 September 2013

( 0 Votes )Master Plan of Delhi undergoes makeover MPD 2021 to allow 50% more floor area ratio for redevelopment of plots New Delhi: The Master Plan of Delhi (MPD) 2021 allows an additional 50% floor area ratio (FAR) for redevelopment of plots but the extra space allowed will have to be used for building extra rooms and enlarging existing rooms, according to a Delhi Development Authority (DDA)...
 

New land pooling policy allows partial sale of FAR in capital

Written by Jayanta Monday, 23 September 2013

( 0 Votes )You can now sell a portion of your Floor Area Ratio (FAR) to another developer or landowner under the modified land pooling policy in Master Plan-2021 passed by the Urban Development Ministry. The aim of the policy is to involve private parties in the development of real estate for residential and commercial purposes in the capital, something only...

Police bust gang who sold DDA plots using fake papers

Written by Jayanta Monday, 23 September 2013

( 0 Votes )The Crime Branch on Wednesday claimed to have busted a gang of cheats who, allegedly in connivance with DDA employees, duped people by selling them plots belonging to the DDA. Police said the modus operandi adopted by the gang appears to have been inspired by the popular Bollywood film Khosla ka Ghosla. On Monday, the police had arrested four...
 

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