Haryana ponders sops for builders of affordable housing
May 15, 2017

Haryana government is considering offering some relief to developers of affordable residential projects in an attempt to promote affordable housing in the state. Finance Minister Capt Abhimanyu Singh shared that industry stakeholders have suggested waiving off stamp duty for such projects and the proposal will be analysed for feasibility. Stamp duty is decided by the state government and tends to vary between four and 12 percent. The latest Union Budget has accorded infrastructure status to affordable… Read More

Punjab to rationalise prices of government housing projects
May 8, 2017

In order to revive the real estate market in the state, Punjab government has decided to go for realistic prices in its housing projects. Experts point out that unreasonably high prices prevailing in the sector are a major reason for the slump in Punjab’s real estate. Officials have shared that the housing and urban development department is working on a plan to rationalise realty rates in the state. The proposal made by the Chief Minister… Read More

Chandigarh: Building plans of commercial property to undergo self-certification
April 29, 2017

The Chandigarh Administration has recently introduced self-certification for passing the building plans of any commercial property in the Union Territory (UT). The self-certification for residential buildings has already been adopted in Chandigarh. In order to save the applicants' time, the provision has been added to the draft Chandigarh Building Rules (Urban) 2017, which will be notified after calling objections from the UT residents. To avoid applicant’s harassment at the hands of the UT estate officials,… Read More

Chandigarh civic body cuts property tax slabs
April 26, 2017

After offering a rebate for two financial years, Chandigarh civic body will now ask the city's residents to pay more property tax on their houses. The Chandigarh Municipal Corporation (MCD) has recently reduced the rebate on tax, cutting the slabs from three to one. After introducing the property tax on residential property in FY 2015-16, the civic body introduced tax rebates of 40, 30 and 20 percent. While the 40 percent rebate was available for… Read More

Chandigarh to initiate GIS mapping of properties
April 20, 2017

Chandigarh administration has recently invited tenders for Geographic Information System (GIS) mapping of properties and other public infrastructure in the Union Territory (UT). By floating the tenders for the project, which has been approved by the government of India, the administration is looking forward to hiring an agency, which will also conduct Aerial and Light Detection and Ranging (LIDAR) data survey. Through the project, the administration will initiate GIS mapping of all residential, commercial and… Read More

Chandigarh approves rates for leasehold to freehold property conversion
February 4, 2017

Owners of 50,000 leasehold residential properties in Chandigarh can soon become the sole owners of the houses. The Union Territory (UT) administration has recently proposed rates for converting leasehold residential properties to freehold. Following the green signal of VP Singh Badnore, UT administrator, the proposed rates have been sent to the Ministry of Home Affairs (MHA) for the final approval. According to the proposed regime, things will remain unchanged for properties up to 50 sq… Read More

Chandigarh to exempt big buildings from separate environmental clearance
February 2, 2017

Big buildings and housing projects in Chandigarh will no longer have to get separate environmental clearance from the authorities. Currently, buildings with built-up area of 5,000 sq m and above need to acquire environment clearance from the Union Ministry of Environment. However, according to the new rules of the Ministry of Environment, if the environment conditions are integrated into the building byelaws, separate environment clearance for individual buildings will not be necessary. Thus, Chandigarh’s Department… Read More

Finance ministry denies grant to Chandigarh under Smart City project
January 7, 2017

The Ministry of Finance has denied the first grant of Rs 100 crore under the 'Smart City' project to Chandigarh for the current financial year (2016-2017). However, the ministry has given a verbal commitment to the Chandigarh Administration about giving the same amount of grant in the next financial year. Chandigarh Administration was set to receive total funds of Rs 200 crore for its Smart City project. While Rs 100 crore had to be allotted… Read More

Chandigarh Housing Board plans e-auction of vacant properties
December 28, 2016

Chandigarh Housing Board (CHB) intends to carry out e-auctions for its vacant properties starting January 2017. The auctions will offer residential as well as commercial properties once a week. This plan was initially supposed to commence from August 2016 but got delayed due to certain issues. CHB officials stated that the authority has identified the properties to be offered in auction. The plan is to offer a commercial property once a week and a residential… Read More

Chandigarh forms Real Estate Regulatory Authority
November 1, 2016

Chandigarh has formed a provisional Real Estate Regulatory and Development Authority (RERA) making it the first city in the country to do so for addressing homebuyers’ grievances pertaining to delay in project possessions and plots. The charge was handed over to Maninder Singh Bains, Chairman, Chandigarh Housing Board (CHB) and UT Housing Secretary. The move was taken after the Centre notified the RERA rules, directing all the Union Territories (UTs) to implement the Act in… Read More

New policy in Punjab allows commercial projects on industrial plots
September 19, 2016

According to the new conversion policy announced by Punjab, land owners having industrial plots of 1,000 sq yard or more will be able to use the land for buildings hotels, hospitals, or educational institutions. The policy specifies plots must have been allotted to five years ago from the notification of the policy in order to be eligible. The policy allows land owners to develop 40 per cent of the total area of such plots and… Read More

Centre announces Delhi-Amritsar Expressway
September 15, 2016

In a major infrastructural announcement, the Delhi-Amritsar Expressway has got the nod from Nitin Gadkari, Union Minister for road transport. This expressway will reduce the travel time between Delhi and Amritsar to two hours and 30 minutes from the current seven hours. The 450 km distance will also be reduced by 117 km. The estimated cost of the project is around Rs 60,000 crore and the work is expected to start from January 2017. The expressway will further extend… Read More

Punjab abolishes stamp duty on power of attorney for real estate
September 14, 2016

Punjab Cabinet has abolished the stamp duty applicable on power of attorney for real estate properties. This decision is expected to bring immense relief for the potential homebuyers. Until now, a two per cent stamp duty was applicable on power of attorney transactions on immovable properties. With the new rule, only a nominal Rs 1,000 and Rs 5,000 would be charged as stamp duty on the General Power of Attorney and Special Power of Attorney,… Read More

Rural infrastructure in Haryana gets Rs 204.67 crore loan boost
August 30, 2016

In a first-of-its-kind move, the rural infrastructure in Haryana which is in a very bad shape got a major boost after the National Bank for Agriculture and Rural Development (NABARD) agreed to sanction a loan of Rs 204.67 crore as part of the 22nd tranche of the Rural Infrastructure Development Fund (RIDF) for the financial year 2016-17. Of the total Rs 204.67 crore announced, Rs 147.18 crore will be allocated to the state government for constructing three… Read More

Logistic park proposed for Bathinda
August 22, 2016

Bathinda Development Authority (BDA) is planning to develop a logistic park in Bathinda which has raised hopes for the real estate potential of the city. The project will allow storage space to various industries such as hardware, sanitary, electrical, kitchenware, and home décor. Food processing units and other bio-degradable products will not be allowed storage in this logistic hub. The 35 acre park is proposed to be set up on Bathinda-Dabwali Road and will be… Read More

Centre approves land transfer to HUDA for constructing road in Panchkula
August 11, 2016

In a major move, the Union Cabinet gave a nod for transferring the land which belonged to the Indian Institute of Soil & Water Conservation (IISWC) Research Centre in Chandigarh to the Haryana Urban Development Authority (HUDA) for building 60 m Peripheral Master Road at Mansa Devi Complex (MDC), Panchkula. According to government officials handling the transfer of government land, Panchkula will get a boost in terms of growth and development in the region which… Read More

e-Biz portal launched to boost ease of doing business in Haryana
July 28, 2016

With an aim to boost ease of doing business, provide easy industrial project clearance, and address investor grievances timely in Haryana via a single platform, an e-Biz portal has been launched by the state government. Investors can log their issues by filling up the Comprehensive Application Form (CAF) available online in the portal. The move will help to bridge government-investor gap and fast-track approvals, allowing more transparency and quick grievance redressal. Sharing details about the… Read More

Group housing scheme announced by HUDA
July 28, 2016

A group housing scheme was announced by the Haryana Urban Development Authority (HUDA) for providing residential plots for all income categories in the urban areas of the state. As per the scheme, plots of different sizes in the urban estates will be identified. Of the present group housing sites, 75 per cent sites will be part of the new group housing scheme, while the remaining 25 per cent sites will be set aside to construct… Read More

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