A lot of companies are advertising for property citing nearness to Dwarka expressway corridor.

Shilas, Indiabulls Centrum Park and Ramprastha Edge Tower come to mind.

Does anybody have news on when this construction will start and when it is likely to finish? Has the contract been awarded and to whom?
Date of completion and start of operation will be vital news for evaluating the pricing of flats sold in this corridor.

Last I heard was that a few houses in Palam Vihar were slated for demolition for this expressway in May June 09 or thereabouts.
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  • http://timesofindia.indiatimes.com/business/india-business/RBI-cuts-repo-rate-by-25-basis-points-EMIs-likely-to-go-down/articleshow/47510315.cms

    RBI cuts repo rate by 25 basis points, EMIs likely to go down - The Times of India
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  • No reason to cheer: Your EMIs may not fall despite RBI's 25 bps repo rate cut - Firstpost




    While cutting the Reserve Bank of India's policy rate by 25 bps to support the sagging growth, Governor Raghuram Rajan urged the banks to pass on the benefit of the rate reduction to the customers. In short, he wanted banks to cut rate in tandem.
    But the question is will the banks take heed? They may not immediately. At least that is what one can infer from the bankers' comments to CNBC-TV18 soon after the rate decision.
    Chairman of SBI, the country's largest bank, admitted the direction of lending rates is downwards but indicated that an immediate rate reduction is unlikely. "Our ALCO has to decide the timing of the possible reduction in the rates," she told the TV channel adding demand for credit is yet to see a pick-up. ALCO is the asset-liability committee that takes rate decisions of a bank.
    ReutersReuters
    A senior executive of the Bank of Baroda also was of the same opinion. The executive said the 25 bps was expected. "We will wait and watch how the market behaves before we take a call on lending rates," he told ANI.
    In short, banks are not at all in a hurry to cut lending rates. So your loan rates will probably continue as such for an extended period of time because Rajan has signalled the central bank would be entering a long pause on rate front as it awaits to see the impact of monsoon.
    One cannot, however, blame the banks. As this Firstpost article says commercial banks have already taken a hit on their interest margins, which is evident from their January-March quarter earnings.
    Secondly, state-run banks are capital-starved. They do not have the wherewithal to fund push credit growth. In fact, Rajan himself said as much when he said banks cannot fund growth as they are inadequately capitalised.
    The government plans to infuse about Rs 8,000 crore in PSBs in the current financial year, much less than what was sought by banks.
    What has worsened the situation for the banks is the high bad loans on their books, which throttles the scope for further credit expansion for state-run banks.
    One should remember that some of the big banks have already cut their base rates by a quarter percentage points after Rajan put pressure on them in the last policy statement.
    Given all this, do not expect a major rate reduction by banks now.
    There is nothing much to cheer for the borrower in today's rate cut
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  • Experts plz advise a way to find the OC status from the government.... Bestech told us that they have applied for OC and waiting for the same but it's long time we are waiting for... How to know if they have issues in it or not?
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  • Originally Posted by monu786
    Experts plz advise a way to find the OC status from the government.... Bestech told us that they have applied for OC and waiting for the same but it's long time we are waiting for... How to know if they have issues in it or not?



    I don't think govt have or wants to give this much visibility to its citizens..
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  • Mr ULTI/Mr Khalsa

    Case status of CWP 80555-2008 is still showing as Reserved. Any idea on it Sir. Ulti Ji may be in a position to tell us inside information.
    Thanks &Regards
    Yash
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  • Palyash,
    Court is closed whole month of June, we will know only when they open in July.
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  • Originally Posted by palyash
    Mr ULTI/Mr Khalsa

    Case status of CWP 80555-2008 is still showing as Reserved. Any idea on it Sir. Ulti Ji may be in a position to tell us inside information.
    Thanks &Regards
    Yash


    Wikipedia Definition -

    Reserved decision is a legal term. After the hearing of a trial or the argument of a motion a judge might not immediately deliver a decision, but instead take time to review evidence and the law and deliver a decision at a later time, usually in a written form.
    It is a more thought out decision compared to ex tempore where a judge hands down a decision of a case soon or right after a hearing.
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  • Originally Posted by Khalsa
    Palyash,
    Court is closed whole month of June, we will know only when they open in July.


    The Judge is celebrating his holidays
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  • Originally Posted by aavinay
    Judge sahib garmi ki chutti mana rahe h (colonial way) aur yahan pie public pareshan h:bab (59):


    Thankfully NPV litigation part was cleared before summer break.
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  • SBI has reduced the interest rate following rate cut.

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  • all leading lenders of home loans will also follow the suit and surely reduce the rates, however in my opinion until the interest rate touches around 8-8.5% it will then be good for end users.

    Originally Posted by rpsingh1
    SBI has reduced the interest rate following rate cut.
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  • Originally Posted by Indiana
    Wikipedia Definition -

    Reserved decision is a legal term. After the hearing of a trial or the argument of a motion a judge might not immediately deliver a decision, but instead take time to review evidence and the law and deliver a decision at a later time, usually in a written form.
    It is a more thought out decision compared to ex tempore where a judge hands down a decision of a case soon or right after a hearing.


    Thanks dear for a detailed clarification. Thanks to Mr Khosla too.
    Yash
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  • Originally Posted by palyash
    Thanks dear for a detailed clarification. Thanks to Mr Khosla too.
    Yash


    It indicates that no compromise has been arrived at and that is why Judgement has been reserved for recording it after reviewing Law and evidence.
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  • Your understanding is incorrect.

    It simply means that decision has been made and the judgement would ensue soon. For eg. sometimes the Judge has to dictate a long judgement, so he takes time to complete it.




    Originally Posted by NEWVISION
    It indicates that no compromise has been arrived at and that is why Judgement has been reserved for recording it after reviewing Law and evidence.
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  • While it is delightful to see the litigation at NPV stands resolved, which was probably the biggest hurdle in way of NPR, the seamless connectivity to Dwarka is also important. The land acquisition is still to be made in Delhi, however efforts are being made for direct purchase for the purpose. Attached are the latest MOM of UTTIPEC.

    The noticeable point is that the connectivity may be provided by extending the existing road from UER-2 in the interim, which may not be wide enough but will provide direct connectivity to existing NPR in Haryana portion from Dwarka Link Road.

    Cheers...
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