Greater Noida development authority invitation for plots bid.

NOIDA invites bids for housing plots

HUDA Bahadurgarh Sector 11 Plot Scheme March 2010

Details of Plots Given: below:
Starting Date 5-3-2010 Close Date 4-5-2010 

For more information please contact:
Haryana Development Authority 
C-3, HUDA Complex, Sector-6 Panchkula HUDA-Bahadurgarh-Sector-11-Plot-Scheme-March-2010

A confidence boosting budget for real estate

Pranab Mukherjee’s budget 2010-11 clearly is development focused.  It has promised a huge outlay for Infrastructure development – specifically road networks, power generation and housing.  For rural housing the government has increased planned allocation to Indira Awaas Yojana and Rajiv Awaas Yojana

The urban real estate sector has seen some improvement only in the last 6 months after year-long lull.  Budget 2011 has some positives for the Builders as well as Home Buyers.  For builders, the Tax exemption for pending projects has been extended to 5 years from current 4 years, which means even if there are delay in completion of projects Builders will get the tax benefit.  The limit for commercial property within residential projects is increased to 3% from the current 2%. This is a welcome change for builders since commercial property sells at higher prices than residential property.  Also, the allocation for slum redevelopment is increased to Rs 1,270 crore. Builders focused on affordable housing will gain due to the increased allocation.

For home buyers the budget has extended the 1% subsidy in interest rate for housing loans upto 10 lacs till March 2011.  This gives a fillip to the affordable housing sector which badly needs this stimulus.  The best thing the FM has done from the individuals’ perspective is to up the income tax slabs without increasing the income tax rates. Person earning Rs. 8 lacs per annum (which account for almost 67% of home buying population) will take home Rs 50,000 more from next financial year. This is a substantial reduction in tax liability which will ultimately mean higher disposable incomes and affordability.  Consumers will be more secure and confident in making property purchase decision with increased disposable incomes in their hands.

ALL DEVELOPMENT AUTHORITIES OF NCR AT ONE POINT.

http://huda.nic.in/

http://www.greaternoidaauthority.in/

www.dda.org.in/

www.gdaghaziabad.com/

http://www.noidaauthorityonline.com/

www.yamunaexpresswayauthority.com/

DDA mega scheme to offer 14,000 flats

New Delhi: If you don’t find your name in Tuesday’s draw for allotment of 5,010 flats under the mega DDA scheme, don’t lose heart. The housing agency is readying an even bigger project which will put a whopping 14,000 flats on offer.
Having finally woken up to the acute housing shortage in the capital, DDA is now in the process of constructing flats for all three income groups — high, middle and low — in places like Vasant Kunj, Dwarka, Rohini, Jasola, Narela and Pitampura. Sources said the upcoming DDA project will deliver around 3,150 flats for the high-income group, around 770 for middle-income group, 8,000 for low-income and 2,000 for economically weaker sections.Close to 800 HIG and MIG apartments are also being constructed in localities like Pitampura, Mukherjee Nagar and Motia Khan.
The scheme, likely to be announced by 2010-end, will be another chance for people to own a house in the capital at rates cheaper than those offered by private builders.

Delhi & NCR residential real estate prices steady, rentals firm up in prime areas

Delhi & NCR real estate prices are likely to remain flat in the short tem. However, the high demand and limited supply of good quality accommodation in prime localities of South Delhi is likely to increase rental values by approximately 5-7% over the next quarter. Considering the projected supply of apartments in Gurgaon, the rental values in this micro-market are expected to remain stagnant.