Around 5,000 houses to be launched by DDA Housing scheme 2020

Around 5,000 houses to be launched by DDA Housing scheme 2020
Launch of housing scheme between May to June this year: 1,000 luxury houses will be special
highlight of the scheme. As a part of housing scheme 2020 between May and June 5000 flats
are said to be launched. The authorities are putting on every effort to bring in the positive
result to realty segment and safeguarding interests of the buyers in real estate segment.
More than 60,000 houses are under construction by DDA in Delhi. The plans and developments
will keep up the interest of Lower Income groups, Middle income generators and even higher
income groups. These houses will be in areas like Jasola, Dwarka and Narela. Even one block in
Dwarka will be specially preserved for luxury penthouses.
The Chairman of DDA Tarun Kapoor also confirmed that the developments will not be remained
to pent houses but units of all sizes will be seen. The attempts will also be seen for improving
infrastructure and other facilities. The two tier Pent houses located in Dwarka will have terrace
garden and 4 bedrooms. The flats available in Dwarka are of bigger sizes. Units of all sizes can
also be availed in same colony. There would be 1,000 luxury flats, 14 penthouses, 170 super
HIG flats and around 900 HIG flats.

Land Parcels now opened for residential projects by DDA

Land Parcels now opened for residential projects by DDA
Development being the major target for residential project, DDA has come with idea of
providing its land to the real estate players for construction of structures.
With planning to unlock land parcels that allow relators for developing residential projects on
them. Developers will need to go under the process of auction and authority will select the
developers. The land parcels are in Rohini, Dwarka, Narela and East Delhi.
Tarun Kapoor Vice Chairman of Delhi Development Authority There wont be investment in
done but authorities will only do the work of land management. A Plan of housing scheme is
soon setting to launch this year with penthouses comprising of 4 bedrooms and a terrace
garden. The scheme is opened for lower income groups and middle income group people. Out
of all only 10 percent will be devoted to Uber luxury class. The remaining units will be
constructed for other sections of society.
There is also a plan of Golf Course in Dwarka along with 10 sport complexes in the city

Ownership Rights of property will not be provided to encroachers even if he has stayed for more than 12 years: Supreme Court

Ownership Rights of property will not be provided to encroachers even if he has stayed for more than 12 years: Supreme Court

In a judgment given by Supreme Court stated that if there is temporary possession of property, then one cannot acclaim of being owner of that property. Such person can be evicted by the title-holder landlord and can take forceful possession, even after 12 years of being captured.

Further adding to that the apex court also stated that the court proceeding are not needed to remove such kind of occupier. Only in the case of titleless occupier has effective, scheduled possession over property and thinks he/she to be true owner.

The bench of Justices like NV Ramana and MM Shantanagoudar said in a judgement that when a person will talk about the possession, he will need to show his title of property and should prove effective possession of that particular property. The court also shared that temporary possession cannot obstruct the true owner to take possession of property.

.How to churn money mill from the new property investments?

How to churn money mill from the new property investments?

There are various reasons to think that property is sound investment as it has helped millions of people worldwide. However before diving in to investing in real estate, here are some ways to churn mill of money investments in profits:-

Appreciation Value: - One of the major advantages of Real estate investment is that they are very simple and straight forward. Always to double your investments do keep a proper eye on the upgrades like new announcement of projects, shopping malls or busier centre in near future. The upcoming ventures will make your portfolio more interesting and attractive one.

Check out for contemporary range of amenities: - Even if you are thinking of giving out your space on rent, the renters will ask for amenities. The amenities like security, greener spaces will even give weight age to the real estate profile even if you are out there to sell off your property.

Check out for easy accessibility:- The modern real estate concept is to make work and play life easier, therefore do look out for things that give you an easy accessibility of office, shopping hubs and entertainment centers etc.

DDA to commence redevelopment of 378 JJ Clusters: Puri

DDA to commence redevelopment of 378 JJ Clusters: Puri
New Delhi:- Under the Pradhan Mantri Awas Yojana (Urban), Union Housing and Urban Affairs
Minister, Hardeep Singh Puri confirmed the news that action on the same will soon take place.
This milestone decision came into picture after Delhi Urban Shelter Improvement Board that comes
into the AAP Government didn’t do survey of these clusters.
Addressing to the media, he further added that “clusters are located on the land that is owned by DDA
and land and development office. The process of redevelopment will be started under In-Situ
Redevelopment that is also component of PMAY (U)
The ideology of this development is to give the modern dwelling without being displaced. The news
are also ushering up that plans and surveys are already in progress and will provide providing modern
dwellings with green standards. Out of the 32, tenders of redevelopment the 5 clusters will be finalized
in next 15 days.
Further adding up to the news, the minister said that the work is already on to provide modern house
to families of 2,800 talents artists and artisans of Kathputli colony in the national capital.

Here are sector-wise highlights of the 2020 Union Budget presented by Finance Minister Nirmala Sitharaman Presenting the Union Budget for 2020-21

Here are sector-wise highlights of the 2020 Union Budget presented by Finance Minister Nirmala Sitharaman Presenting the Union Budget for 2020-21, Finance Minister Nirmala Sitharaman said, “In May 2019, Prime Minister Narendra Modi received a massive mandate to form the government again. People of India have unequivocally given their janaadesh for not just political stability, but have also reposed their faith in our economic policy. This is a budget to boost their income and enhance their purchasing power.”

Here are the highlights of this year’s budget:

Tax:

A new tax regime has been announced. Those who want to be in the old regime with exemptions, can continue to pay at the old rates.

Income Tax:

Between ₹5 lakh and ₹7.5 lakh Reduced to 10% from the current 20%

Between ₹7.5 lakh to ₹10 lakh Reduced to 15% from the current 20%

Between ₹10 lakh to ₹12.5 lakh Reduced to 20% from the current 30%

Between ₹12.5 lakh to ₹15 lakh Reduced to 25% from the current 30%

Above ₹15 lakh Continue at 30%, but without exemptions

Over 70 deductions have been removed.

Companies will no longer be required to pay Dividend Distribution Tax (DDT).

Aadhaar-based verification for GST compliance to be introduced.

Aadhaar-based quick issuance of PAN announced.

Economy and Finance:

Bank deposit insurance cover had been increased from ₹1 lakh to ₹5 lakh per depositor.

Government plans to amend the Companies Act to decriminalise civil offences.

Government to sell part of its stake in LIC via public offering.

Agriculture:

A budget allocation of ₹2.83 lakh crore for the sector comprising agriculture and allied activities.

Doubling farmers’ incomes by 2022.

Agri-credit availability set at ₹15 lakh crore for 2020-21.

Comprehensive measures for 100 water stressed districts.

Provide 20 lakh farmers to set up standalone solar pumps. Help another 15 lakh farmers to solarise their power grid.

Village storage scheme proposed to be run by women SHGs.

Indian Railways to have refrigerated coaches capability in ‘kisan trains’ to carry perishables and milk.

Krishi UDAN on international and national routes.

Health and Sanitation:

An allocation of ₹69,000 crore for the health sector.

₹12,300 crore for Swachh Bharat this year.

Proposal to set up hospitals in Tier-II and Tier-III cities with the private sector using PPP.

Expand Jan Aushadhi scheme to provide for all hospitals under Ayushman Bharat by 2025.

Education:

₹99,300 crore for education sector in 2021 and about ₹3,000 crore for skill development.

Urban local bodies to provide internship to young engineers for a year.

Degree-level full-fledged online education programmes by institutions ranked in top 100 in NIRF rankings, especially to benefit underprivileged students.

A national police university and a national forensic science university is proposed to be setup.

IND SAT exam for students of Asia and Africa to promote “study in India” programme.

Infrastructure:

Budget proposes to provide ₹1.7 lakh crore for transport infrastructure in 2021

National Logistics Policy to be released soon.

Chennai-Bengaluru Expressway to be started.

Aim to achieve electrification of 27,000 km of lines.

Plan to have a large solar power capacity for Indian Railways.

The government also proposes a Bengaluru suburban rail project at a cost of ₹18,600 crore.

Govt to monetise 12 lots of national highways by 2024.

100 more airports will be developed by 2024 to support UDAN.

Prices slashed for the first time ever of CWG Village flats by DDA by offering 30% discount

Prices slashed for the first time ever of CWG Village flats by DDA by offering 30% discount
The early try was made to sell off around 120 flats in CWG village. About a decade the few of 3 BHK
flat parcels were sold for 7 crores but unfortunately there was less response for the same.
This strategic decision came after the downturn of housing sectors and roping in good investors.
Even for the luxurious flats the price value has gone down from 7 crore to 4 crore. This sale is only
limited for government agencies. The prices of per square metre has also been slashed from
3,41,210 per square metre to 2,24,000 per square metre. The news of the same has been confirmed
by the Vice Chairman of DDA.
Even for the flat sizes that ranged between 175 square metres to 200 square metres annually there
was rise of 10% increase.
The last sale of the flat was recorded in CWG village was in 2017 when the markets were down. By
offering 30% discount there are chances of getting in more buyers and if there is need in future,
further also there would be slashes done in the pricing part.