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DDA puts rider on flats; ownership to come only after 5 years

DDA puts rider on flats; ownership to come only after 5 years

Last Updated: Tuesday, July 29, 2014, 19:02

Ahead of rolling out a major housing scheme under which around 26,000 flats will be on offer, Delhi Development Authority has proposed to approve ownership of flats only after five years of possession, primarily to keep away middlemen from the allotment process.

Naidu takes stock, biometric attendance soon for Urban Development ministry staff

Last Updated: Monday, July 28, 2014, 19:17

After Minister of Urban Development and Housing & Urban Poverty Alleviation M Venkaiah Naidu made a surprise check of Nirman Bhawan to find many officers and junior staff missing from their seats during office hours, a set of instructions and checks were issued on Monday for monitoring attendance of employees and ensuring efficiency.

Issue of sanction to prosecute Chavan not in our purview: CBI

Last Updated: Friday, July 25, 2014, 22:06

The CBI Friday told the Bombay High Court that it was not within its purview to go into Maharashtra governor`s refusal to sanction prosecution of former Chief Minister Ashok Chavan in the Adarsh Housing society case.

Delhi residential property prices dipped 1.5% in Jan-March 2014

Last Updated: Friday, July 25, 2014, 09:28

Delhi's residential property prices posted a decline of 1.5 percent during January and March 2014 as compared to the same period last year.

'Govt, pvt sector need to work for affordable housing for all'

Last Updated: Thursday, July 24, 2014, 21:58

To meet its target of providing housing to all by 2022, the government alongwith the private sector needs to work to increase the supply of low-income houses, which would translate into business opportunity of Rs nine lakh crore for the developers, a recent report said.

Home loans to businessmen riskier than salaried class: Report

Last Updated: Thursday, July 24, 2014, 16:45

Housing loans to self-employed people are more "susceptible to default" than those given to the salaried class due to possible volatilities in income, India Ratings said today.

We have miles to go in improving rural India: Jaitley

Last Updated: Thursday, July 24, 2014, 15:47

Praising the efforts of Nabard, Jaitley said it has played key role in development of rural India which comprises of largest percentage of India's population.

Need more clarity on REITs' taxation: Parekh

Last Updated: Tuesday, July 22, 2014, 15:47

At his maiden budget earlier this month, Arun Jaitley had said the REITs have been successfully used to get investment into the sector.

Dollar little changed ahead of housing, inflation data

Last Updated: Tuesday, July 22, 2014, 08:44

The report follows some other recent data showing higher inflation, although US Federal Reserve Chair Janet Yellen and others have downplayed those reports.

HDFC shares up 3% after Q1 earnings

Last Updated: Monday, July 21, 2014, 20:24

Shares of Housing Development Finance Corporation Monday rose by 3 percent after the company reported 14.6 percent rise in its standalone net profit for the first quarter ended June 2014.

Flat-owners protest over `delay` in housing project in Gurgaon

Last Updated: Sunday, July 20, 2014, 15:57

A group of flat owners of a residential housing scheme today protested against the private builder at the construction site here over alleged "delay" in completion of the project.

Banks to benefit more than HFCs through long-term bonds: Icra

Last Updated: Thursday, July 17, 2014, 18:01

The incentives announced by the RBI "are likely to have a positive impact on banks' competitive position vis-a-vis the housing finance companies", it said in a note.