India Real Estate Latest Trends | Overview | Growth | Investments

June 10, 2021
Gurugram In-budget Homes a Click Away

To process the allocation of affordable homes under the affordable housing for all scheme aided by the state government of Haryana, the authority has taken up several initiatives. In order to ensure the streamlining with ease, the department of town and country planning (DTCP) has introduced a digital-driven drawing system. From now on, the interested and needy individuals are required to register online via the DTCP portal to avail benefits of affordable housing under the state-oriented affordable housing scheme. Once the registration portal is closed, then soon enough the draw of lots will take place online as well, the names of individuals drawn at first will be allotted with the proposed houses. The beneficiaries will get the confirmation via SMS messaging service.

Mr Sanjeev Mann, the Senior town planner, mentioned that so far the Realty developers advertised their affordable housing projects and distributed forms directly or through agents, following which the draw for allotment of flats was conducted in the presence of the senior town planner (STP). But since, the department has been receiving constant complaints about irregularities in allotment and unavailability of the application forms. To fix this, a digital system is introduced to streamline the online system of filling forms and allotment. 

As per the new norms, a developer will have to submit an online application with details of the projects and the tentative date of draw. After scrutiny, the STP will provide the approval and it will go live, which will be visible to the general public. Prospective residents are required to get a login id by registering on the website coupled with their mobile number. When the process is complete then all the inputs filled by the prospective buyers will undergo a scrutiny process conducted at the developer’s end.

Everything You Need to do if your Property Papers are Forged

Dozens of realty frauds are being reported on a daily basis in today’s time of which “Forging Frauds” cases have turned a lot common. As a fact of the matter, such cases have risen over the past few years and justice is still pending to the victims. But how even can a victim deal with such a situation? Here you will get to know everything that needs to be done to deal with this headache situation. Our team of experts discusses everything in case you are even

Lucknow Development Authority Reduce Interest Rate on Properties

Are you interested in buying a home or a commercial space in Lucknow? If yes, then this is probably a suitable time to make the investment, as the interest rate on the commercial and residential properties in Lucknow has been reduced by 2%. As per a report, the Lucknow Development Authority (LDA) has taken this decision to lessen the interest rate on the properties that are available for sale in Lucknow. The official of LDA informed that this 2% concession wi

Government to Analyze Developers’ Demands to Promote Realty Sector: Housing Secretary

In a bid to encourage investments in real estate in India, Shri Durga Shanker Mishra, Secretary of, Housing and Urban Affairs Ministry, emphasized that the government will analyze various demands proposed by the Realty developers. In a webinar session while responding to Mr Niranjan Hiranandani, President NAREDCO. The Secretary remained affirmative of taking up all the demands into consideration including the extension on the timeline for completion of projects by 6-7 months,