Home | Ask Questions | Computer Gupshup | Free Member Diaries | Contact Us - Sanjay @ 98 712 19911
Qubrex Link
Free Gurgaon Classifieds

ALL Sections
Jobs Wanted/ Available
Gurgaon in Cyberspace
Gurgaon Real Estate Property
Faridabad Real Estate Property
Education
Local Artists and Performances
Good Eating Places Around?
Refer A Good Tradesman
Refer a Good Local Shop
Mall Culture in Gurgaon
Local Taxi Cab Experiences
Civic Problems in Gurgaon
Doctors & Vets
Gurgaon News
Sector 23
Electricity
Telephone
Water
Roads in Gurgaon
Local Shops Telephone Directory
Local Transportation
Important Telephone Numbers
Gurgaon Police
History of Gurgaon
Fun & Games
Computer Gupshup
Free Member Diaries
Ask Questions

Gurgaon Real Estate Property

All Stories

Bhoomi Poojan For Raheja Atharva in Sector 109, Gurgaon Slated For 10am on July 29, 2008


By Sanjay Sharma, Section Gurgaon Real Estate Property
Posted on Wed Jul 23, 2008 at 06:03:06 AM EST

The Bhoomi Poojan For Raheja Atharva in Sector 109, Gurgaon is slated for July 29, 2008 at 10am.

On behalf of Raheja Developers Pvt Ltd we request your presence to grace the occasion ...

Your Comments >>

Builders Flouting Economically Weaker Sections (EWS) Norms To Land In Trouble


By Sumit Kumar, Section Gurgaon Real Estate Property
Posted on Wed Jul 23, 2008 at 03:28:56 AM EST

Builders would face hefty fines if they do not set aside 15% space in their housing projects for the economically weaker sections (EWS). The ministry of housing has asked states to crack down on developers who violate EWS reservation. Repeated failure to implement the policy may also result in government taking back land allocated for such projects.

"It is UPA government's policy to provide housing to the weaker sections of the society, and noncompliance will result in tough action from the government. Builders cannot go against the National Housing and Habitat Policy, which has made mandatory for them to set aside at
least 10% for EWS construction," a senior housing ministry official said.

According to the policy, at least 15% of land in housing projects or 20%% floor area ratio (FAR) -- whichever is greater -- has to be reserved for EWS/ LIG (low income group) housing. The Centre has taken seriously to instances in states such as Karnataka, Delhi and UP where builders have flouted EWS norms. Therefore, it has directed states to enforce the reservation strictly.

According to officials, city municipal authorities would not permit developers to advertise their buildings or flats if the building plan does not have accommodation for poor. Apart from EWS allocation, necessary building bye-laws and lay-out clearances by registered architects have to be in place before the builders can advertise their properties.

Apart from pursuing the mandatory EWS housing, the ministry has also asked the finance ministry to direct nationalised banks to lend EWS families funds at lower rates to buy houses. The ministry has said the poor should be charged 5% below the prevalent market rate.

Source: Rajat Guha From Economic Times, July-23-2008

Your Comments >>

International Real Estate Transactions Dip 46%


By Sumit Kumar, Section Gurgaon Real Estate Property
Posted on Tue Jul 22, 2008 at 11:43:13 PM EST

Credit crunch and economic uncertainty have taken their toll on the global property market, with transaction volumes falling by 46 per cent in the first quarter, according to a property report.

Investment throughout Asia and other emerging markets continued to grow, as sales of major co