Legal hassles, delayed possession sour dreams
Hundreds of buyers are unable to get possession as their flats are
ready. Builders blame promoters for funds crunch alleging that they
have diverted the money to buy more land instead of developing the
project they promoted, discover
& Rajmeet Singh
—Photo by Parvesh Chauhan
Curtail credit to real estate: FM
Some impact on high-end products but no major slide in realty prices, say
developers. While some of them feel there could be across-the-board
corrections but this could be assessed in next few months, says
Bill to bring
cheers to home buyers
There is good news for home
buyers. A new Bill to regulate the real estate developers is on the cards. The
proposed bill would ensure that the investors are not fleeced by the builders.
The Center is currently working on the draft of the Bill.
A check list for
home buyers & loan seekers
Buying property? Scouting for a
loan to buy property? Mulling payment options while buying property?
Contemplating buying a dwelling unit in a group housing society? Want a house
or flat in a privately-constructed housing colony?
Posh to slosh:
flip side of ‘VIP road’
Civic amenities are out of gear
along the ‘VIP road’ in Zirakpur, says Pradeep Sharma
|The ‘VIP road’ in Zirakpur,
synonymous with the farmhouses of the rich and famous, is bursting at the
seams. With many major realtors taking a fancy for the area for launching the
multi-storeyed housing projects, the farmhouses are paving way for the
Despite civic amenities failing to keep pace with the urban development many realtors are launching housing projects along the ‘VIP road’ in Zirakpur.
— Photo by Malkiat Singh
infrastructure affects land prices in Defence Colony
Even though Ambala has a
cantonment, which is more than 150 years old, housing facilities for retired
servicemen are woefully lacking here. In most cities, normally the defence or
cantonment colonies have well laid-out broad roads, availability of potable
water, drainage system and proper power connections. Thanks to a good
infrastructure, the land in such defence colonies is available at a high
Reliance to set
up retail outlet
Other major groups, too, line up to buy or
rent space in many upcoming malls in the holy city of Amritsar, claims Ashok
Major industrial groups, including
Reliance industries, have lined up to buy or rent space at major malls being
set up in the holy city. The Reliance group, which has recently ventured into
retail segment, has shown keen interest to set up shop for its large retail
A shopping mall on the Mall Road in Amritsar.
— Photo by Rajiv Sharma
tipsInterest on security may
be added to rent
Q. I have received a security
deposit of one-year in respect of a flat which I have let out for a sum of Rs 1
lakh per month. The amount of security deposit received is Rs12 lakh. The
deposit is refundable as and when the tenant leaves the accommodation.