Announcement

Collapse
No announcement yet.

Delhi Real Estate Updates

Collapse
This is a sticky topic.
X
X
Collapse

Delhi Real Estate Updates

Last updated: 17 hours ago
3536 | Posts
517654 | Views
  • Time
  • Show
Clear All
new posts

  • Delhi Real Estate Updates

    High Court stays housing project near DU Metro station



    The Delhi High Court on Tuesday stayed construction on a plot slated to have a 36-storey residential complex near the Vishwavidyalaya Metro station after admitting a petition by the Delhi University, which claimed that the high-rise structure will severely affect control norms and the aesthetics of the North Campus.

    “The parties shall maintain the status quo with respect to the said plot,” ordered Justice Hima Kohli after placing on record the objections raised by the university on the manner in which the Delhi Development Authority (DDA) allowed Delhi Metro’s request to change the land use of the plot from “public and semi-public facilities” to “residential”. The Metro had subsequently auctioned the two hectare-plot and leased it to a private builder for 90 years for developing it into housing society.

    Issuing notices to the DDA, DMRC and other parties in the case, the judge fixed the date for completing the pleadings before the registrar in July and put it for further hearing in September.

    Appearing for the university, senior advocate Parag G Tripathi and Tarun Khurana, contended that the three hectare-plot in question was acquired for Mass Rapid Transit System in 2001-02. The land use was also accordingly converted from “residential” to “public and semi-public facilities”. They argued that the DDA could not have so converted the land use back to “residential” in 2005, since it defeated the entire purpose of acquisition.

    The lawyers also questioned the DDA’s decisions to “overreach” provisions of the Delhi Master Plan 2021 and hand out “exceptional” treatment to the DMRC in sanctioning their developmental plan, allowing it to go beyond the permissible limits of floor area ratio as well as height restrictions.

    The petition said since the Urban Development ministry had allowed the DMRC to generate resources through property development for six to 20 years, it cannot lease out the plot to Young Builders for 90 years.

    While giving its go ahead, the DDA also failed to note that the Delhi Urban Arts Commission had not given its clearance to the proposed project.

    “If this proposed project is allowed to be constructed, it will lead to congestion in the controlled area of the Delhi University as the access road from the main Ring Road to the university i.e. Chattra Marg won’t be able to cater to the rush of the students and the burden of a multi-storied residential complex,” said the plea.




    High Court stays housing project near DU Metro station - Indian Express
    Last edited November 8 2016, 12:24 PM.
    Please read IREF rules | FAQ's
  • #2

    #2

    Re : Delhi Real Estate Updates

    Stamp duty evasion: Mumbai, Delhi realty deals under government scanner

    NEW DELHI: Many high value bungalows in Delhi and Mumbai are under the government's scanner for evasion of stamp duty. These include bungalows in Lutyens' Delhi and other upmarket neighbourhoods in Delhi such as Golf Links and Shantiniketan, as well as sea-facing apartments in south Mumbai, which are bought by the rich and the famous.

    In such transactions, buyers of these luxury homes - which include many leading businessmen - acquire shares of the seller's shell company, which owns the property, instead of transferring the property in their name by paying stamp duty, the usual practice followed for buying homes.

    This way, while the seller evades paying capital gains tax, the buyer pays only 0.25% taxes on the share transfer instead of the 6-8% stamp (registration) duty. In big deals running up to 150-300 crores, the tax evasion could be as high as 15-30 crore.

    Vijay Dev, principal secretary-revenue of Delhi, said the state government is setting up a financial services cell to monitor such transactions. "This cell will scrutinise all transactions involving financial instruments and matters pertaining to companies trading in properties and share market, with the aim to maximise revenue realisation... Transactions bordering on stamp duty evasion will also come under the purview of this new cell," he said.

    Sources said that a recent deal, executed in a similar manner, came under flak from a Delhi court, and ever since, the state government has stepped up its vigil and has been monitoring big deals in the capital.

    While at least half a dozen big bungalow deals happened last year in the Lutyens' Bungalow Zone and Golf Links areas, the registrar's office in Delhi, when contacted by ET, said they have no record of any property transaction in LBZ in the past two years.

    This happened because the buyer did not need to register the property in his name; it continues to be registered in the name of the company he acquired.

    A finance ministry official, who did not wish to be named, said such transactions would come under the anti-avoidance mechanism that the government is trying to bring through the introduction of General Anti-Avoidance Rule (GAAR). The implementation of GAAR has been postponed by a year, but once it is in place, such deals will be considered as tax evasion.




    Stamp duty evasion: Mumbai, Delhi realty deals under government scanner - The Economic Times
    Please read IREF rules | FAQ's

    Comment

    • #3

      #3

      Re : Delhi Real Estate Updates

      Highrises planned at 20 slum sites

      The Delhi Development Authority (DDA) has floated tenders for hiring consultants to initiate in situ rehabilitation situated in the existing place or position of 20 slum clusters in the city.

      Work has already begun in Kathputli Colony in West Delhi under a public-private partnership and tenders will soon be floated for construction of multi-storeyed blocks in Kalkaji. Slum clusters at Kusumpur Pahari near Vasant Kunj, Ashok Vihar and Shalimar Bagh will form part of the project.

      People living in slum clusters in A-14 Kalkaji will be rehabilitated in multi-storeyed buildings that will be constructed in an adjoining open area. As many as 8,000 slum dwellers will be rehabilitated under this scheme.

      We are going to take up in situ rehabilitation in Kalkaji and tenders are likely to be floated soon. We will also be hiring a consultant to study in situ rehabilitation of 20 slum clusters in Delhi. This is the first time that such a project has been initiated in Delhi, DDA spokesperson Neemo Dhar said.

      The Kalkaji project is going to be taken up in two phases and each building will have 15-16 floors. Vertical growth is being encouraged in such projects.

      In Phase I, rehabilitation of 3,000 slum dwellers will be taken up. Flats will be constructed and tenders will involve coming up with architectural designs for the project. The approximate cost of this project is likely to be Rs 205 crore which will be borne by the DDA. A decision has to be taken on Phase II, on whether it will be under the the PPP mode or done by us, a DDA official said. The prices of these flats are being deliberated upon.

      To encourage private players to take up such projects, a certain percentage of commercial exploitation of land along with development of high-end housing on the same plot will be permitted. This has been done in the case of Kathputli Colony near Shadipur depot.

      This project is being looked at as the first of its kind in situ redevelopment project. At Kathputli Colony, it is spread over 5.22 hectares. The project envisages construction of 2,800 EWS units for the squatter families of Kathputli Colony. This will act as a pilot project in Delhi, the official said.

      The project will have a 10 per cent commercial component. Transit camps for shifting slum dwellers are being constructed at Anand Parbat. Around 1,100 people will be put up there. Another plot has been identified and 600 more transit accommodation will be made there. We still have to identify land for transit accommodation for the remaining 1,100. We hope that shifting takes place in six months, the official said.




      Highrises planned at 20 slum sites - Indian Express
      Please read IREF rules | FAQ's

      Comment

      • #4

        #4

        Re : Delhi Real Estate Updates

        hi manoj, a quick question though a unrelated one

        can you please let me know if a plot owner sells its 200 sq yd plot in to 4 adjacent pieces of 50 sq yd... is that legal as he said the registry can be done immediately. Thanks.

        Comment

        • #5

          #5

          Re : Delhi Real Estate Updates

          sunny777, u may need to subdivide the plot & get it notified in the Jamabandi & Tatima ( revenue records ) . Different states have different rules for this . Do crosscheck, since i am not 100 % sure .


          Please do post comments/ queries in relevant threads .
          Please read IREF rules | FAQ's

          Comment

          • #6

            #6

            Re : Delhi Real Estate Updates

            Delhi Metro plan to set up shopping corridor'

            The Delhi Metro Rail Corporation's Phase III expansions plans are sure to please many more residents of the city. First it was the heritage corridor' for heritage enthusiasts, now plans to connect four of South Delhi's prominent markets will surely prove a boon for shopaholics.

            By 2016, four major markets Sarojini Nagar, INA, South Extension and Lajpat Nagar will have dedicated underground metro stations connecting them. This chain of four consecutive metro stations will come up on the arterial Ring Road and it is estimated that two lakh more passengers will use these stations primarily to reach these markets that specialise in selling clothes, and other accessories.

            After construction of this new line Mukundpur to Yamuna Vihar shoppers will be able to reach places such as Dilli Haat and Ansal Plaza from far flung areas of East and North Delhi. The expected ridership in 2016 will be 15,000 in Sarojini Nagar, over 1,29,000 in INA, over 8,000 at South Extension and over 54,000 at Lajpat Nagar.

            Of these, the stations at INA and Lajpat Nagar will also be converted into interchange stations to further boost connectivity to these commercial hubs. With inter-station distances ranging from less than a kilometre to about one and a half kilometre, the Delhi Metro claims it will also provide a great impetus to business improvements in the area.

            Since shoppers at Sarojini Nagar and South Extension markets have had to rely on buses and auto-rickshaws to get to their destinations, the metro stations that will come up very close to the markets (within 50 metres) will make the transportation easier. Though these locations are well connected by buses, parking of private vehicles has always proved to be a major constraint for shoppers.

            The shopping hubs will now be directly accessible from areas such as Mayur Vihar, Trilokpuri (East Delhi), Ashram, Sriniwaspuri (South Delhi), Azadpur, Shalimar Bagh, Netaji Subhash Place (North Delhi), Punjabi Bagh, Rajouri Garden, Mayapuri (West Delhi). From Gurgaon also shoppers will be able to reach just by changing at INA, from Faridabad the commuters will be able to come directly to Lajpat Nagar and from Ghaziabad and Noida, shoppers will be able to reach Lajpat Nagar just by changing trains at Kalkaji Mandir.




            The Hindu : Cities / Delhi : Delhi Metro plan to set up
            Please read IREF rules | FAQ's

            Comment

            • #7

              #7

              Re : Delhi Real Estate Updates

              DDA taking measures to repair cracks in Dwarka flats

              New Delhi: The Delhi Development Authority is taking measures to repair the cracks that have developed in several of its flats in Dwarka's sector 13.

              "Keeping in view the site condition of the flats, NCCBM (National Council for Cement and Building Material) has been appointed as consultant to inspect the flats and suggest remedial measures," Minister of State in the Urban Development Ministry Saugata Roy said.

              "DDA has informed that the repair work in dangerous roofs slab as per consultant's report has been taken," he said.

              He was responding to a question in Rajya Sabha about cracks in top floors of DDA flats in Metro View Apartment in Sector 13 in Dwarka.

              "The consultant, in their report, have found cracks in 44 numbers of roof slabs of the flats as against total 201 numbers of roofs of flats," he said.

              Roy also said that the repair of the flats would be carried out within a period of one year.



              DDA taking measures to repair cracks in Dwarka flats
              Please read IREF rules | FAQ's

              Comment

              • #8

                #8

                Re : Delhi Real Estate Updates

                Govt officials suspended for aiding land grab

                New Delhi: Three government officials have been suspended following an internal inquiry which found they helped land mafia register ownership papers of huge government land in East Delhi in the names of private parties.

                Revenue secretary Vijay Dev said, Sub-registrar Harish Bajaj, tehsildar Susheel Bharti and patwari Shyam Lal would take money from land grabbers for the fraud.

                The three would register sale deeds of plots on government and agricultural land in Mandavali, an unauthorised colony, by giving a unique khasra number which did not exist, Dev said.

                The sub-registrar would then write to the tehsildar, without having the authority to do so, seeking a status report about a particular plot. The tehsildar, with the help of the patwari, would then give a false status report following which a sale deed would be registered, Dev said.

                A senior revenue official said, We had got 154 such complaints of which we picked 39 and conducted our inquiry and found it to be true. While 29 such sale deeds pertained to government land, the remaining 10 were registered to plots on agricultural land.

                The official said the department is now taking legal opinion to decide what they should do with the 154 plots that were sold to unsuspecting buyers.

                The government has also sent a formal complaint to the police.




                Govt officials suspended for aiding land grab
                Please read IREF rules | FAQ's

                Comment

                • #9

                  #9

                  Re : Delhi Real Estate Updates

                  एमसीडी को नए अफसरों का इंतजार

                  नई दिल्ली।। राजधानी की तीनों एमसीडी में अफसरों की कमी कामकाज में खासी बाधा बन रही है। अफसरों की कमी के कारण तीनों निगमों में अभी तक बड़े जरूरी काम शुरू नहीं हो पाए हैं। वैसे दिल्ली सरकार ने बड़े विभागों के हेड तो नियुक्त कर दिए हैं , लेकिन उन्हें तीनों निगमों में कामकाज देखना पड़ रहा है। खास बात यह है कि हेड के नीचे के अफसरों की नियुक्ति नहीं हो पाई है , जिससे हेड भी कामकाज नहीं कर पा रहे हैं।

                  तीनों एमसीडी का गठन हुए एक महीने से ज्यादा हो चुके हैं और वहां सहूलियतों और कामकाज को लेकर काफी घमासान मचा हुआ है। चुने गए बड़े नेता और पार्षद कुर्सी से लेकर कमरे तक की मांग कर रहे हैं , तो सभी अफसरों की नियुक्ति न होने से तीनों एमसीडी का सिस्टम लगभग ठप सा दिखाई दे रहा है। तीनों निगमों में सत्तारूढ़ बीजेपी नेता आरोप लगा रहे हैं कि दिल्ली सरकार जानबूझकर अफसरों की नियुक्ति नहीं कर रही है , जिससे अपने इलाके तक में उनकी किरकिरी हो रही है। दूसरी तरफ सरकार कह रही है कि राजधानी मंे निगमों का विभाजन नई पहल है , इसलिए सिस्टम को दुरुस्त रखने के प्रयास किए जा रहे हैं। लेकिन इस कशमकश के बीच इतना साफ है कि तीनों एमसीडी की हालत बहुत अच्छी नहीं है।

                  अभी हाल ही में दिल्ली सरकार ने तीनों निगमों के प्रमुख विभागों के हेड की नियुक्ति कर दी , लेकिन यह भी खासी हैरानी भरी रही। उसका कारण यह है कि इनमें से नौ अधिकारी ऐसे हैं , जिन्हें एक निगम के बजाय तीनों निगमों मंे विभागों का मुखिया बना दिया गया है। जैसे एम . एस . ए . खान तीनों निगमों के प्रॉपर्टी टैक्स व विज्ञापन विभाग के प्रमुख होंगे। ऐसे ही अफसरों में वाई . एस . मान सूचना व प्रचार , एस . नित्यानंदन सीवीओ , मयंक शर्मा सीए कम एफए , एस . एस . कांडपाल बागवानी , शमशेर सिंह चीफ टाउन प्लानर , आर . के . शर्मा इलेक्ट्रिकल आदि शामिल हैं। खास बात यह है कि इन अफसरों को विभाग प्रमुख के अलावा अन्य विभागों का चार्ज तो दे दिया गया है , लेकिन उन्हंे अभी तक मातहत अफसर नहीं मिले हैं , जिससे वो भी कोई कामकाज नहीं कर पा रहे हैं। इन अफसरों के साथ पहले ही दिक्कत यह है कि एक साथ तीनों निगमों का कामकाज संभालने में उन्हें खासी परेशानी का सामना करना पड़ रहा है।


                  नॉर्थ व ईस्ट एमसीडी की स्थायी समिति के चेयरमैन योगेंद्र चंदोलिया व महक सिंह और साउथ दिल्ली निगम के नेता सदन सुभाष आर्य का कहना है कि नए सिस्टम के अनुसार अब तीनों निगमों में अफसरों की नियुक्ति दिल्ली सरकार करेगी और हम बार - बार सरकार से गुजारिश कर रहे हैं कि अफसरों को नियुक्त करो ताकि निगमों में सिस्टम बने , लेकिन समझ नहीं आ रहा है कि किन कारणों से उनकी नियुक्ति में देरी की जा रही है। निगम नेताआंे का आरोप है कि सरकार में सीएम ऑफिस व कुछ अफसरों का नेटवर्क बन चुका है जो अफसरों की नियुक्ति में जानबूझकर देरी कर रहा है। वैसे इस मामले मंे सरकार साफ कर चुकी है राजधानी में पहली बार निगमों का नया सेटअप बना है , जिसे लाइन पर आने में समय तो लगेगा ही। सरकार के एक आला अधिकारी के मुताबिक , हम मेहनत कर रहे हैं। उम्मीद है कि छह महीने के भीतर तीनों निगम ठीकठाक काम करने लगेंगी।




                  एमसीडी को नए अफसरों का इंतजार - MCD to wait for the new officers - Navbharat Times
                  Please read IREF rules | FAQ's

                  Comment

                  • #10

                    #10

                    Re : Delhi Real Estate Updates

                    Heritage sites in way, Metro dials Europe

                    After running into roadblocks on the Central Secretariat-Kashmere Gate Metro corridor, which passes several protected monuments, the Delhi Metro is looking at European countries for tips on how to deal with construction work near heritage structures.

                    In a recent meeting, the Delhi Metro asked one of its design consultants, a Spain-based firm, to study the Metro systems that run close to heritage sites in Europe and compile information on the technology used to avoid any negative impact of vibrations during construction and operation.

                    The company, which is developing the detailed design of the Mukundpur-Yamuna Vihar/Shiv Vihar corridor, has been asked to study the European Metro lines as it has been involved in some such projects.

                    Once this line comes through successfully, the technology and methodology used will be cited as an example for other Metro lines proposed near heritage structures across the country, a senior Metro official said.

                    The Delhi Metro has also asked contractors working on this corridor to use equipment, which cause the least vibrations during construction. DMRC is also considering a proposal to lay a cushion underneath Metro tracks to absorb trains vibrations.

                    Meanwhile, National Monument Authority (NMA), in a meeting held on Monday, has decided to constitute a committee of heritage experts and engineers to study the impact of this upcoming corridor.

                    Delhi Gate, Khooni Darwaza and Kashmere Gate have been identified as sensitive areas where the Metro will run through the restricted zone (300 metres from the monument).

                    NMA member secretary Pravin Srivastava said, We are setting up a team comprising members from NMA, Archaeological Survey of India, Delhi Metro and some independent experts. This team will further look into the impact of the upcoming corridor and examine all aspects of the line.



                    Heritage sites in way, Metro dials Europe - Indian Express
                    Please read IREF rules | FAQ's

                    Comment

                    Tags: Delhi Legal
                    Have any questions or thoughts about this?
                    Working...
                    X