Delhi NCR Property Rate

Source: Times of India

Angel Jupiter Indirapuram

Angel Jupiter coming up in Indirapuram, is going to be an anser to the needs of the cream of populace who are in pursuit of an admirable living option with the right blend of modernity, affordability and comfort. Indirapuram, with its excellent infrastructure and amenities has emerged as a preferred choice for people seeking affordable living options in NCR. With excellent connectivity through NH-24, Indirapuram is considered an integral part of Delhi. Angel Jupiter offers 2-3 Bedroom apartments is Vaastu friendly layout with large balconies and proposed metro station at walking distance.

Angel Jupiter offers fully developed infrastructure with best of amenities in immediate vicinity. Angel Jupiter is located at Indirapuram – Ghaziabad, Delhi-NCR, with its excellent infrastructure and amenities, apart from the pleasure options, other social amenities like hospitals, schools and colleges are also in immediate vicinity.

Angel promoters Pvt. Ltd. is today one of the leading infrastructure developers, well recognised for its commitment towards qulaity and timely completion of its project. The successful completion of Angel Prime Mall – Panipat, Angel Mega Mall – Kaushambi, Rishabh Platinum – Indirapuram and Rishabh Paradise – Indirapuram are the landmarks of Angel promoters’ dedication and devotion.

Basic Selling Price Rs. 2850 Per Sqft

• 2BHK 1056 sqft to 1150 sqft………Rs. 30,09,600 to Rs. 32,77,500
• 3BHK 1444 sqft to 1850 sqft………Rs. 41,15,400 to Rs. 52,72,500

Amenities at Angel Jupiter

* Swimming Pool
* 24Hr Backup
* Security
* Intercom
* Club House
* Gymnasium

Layout Plans

Delhi Development Authority

Delhi Development Authority instigated operations in 1957 under the Delhi Development Act for a well-planned, orderly and swift development of Delhi into a capital city in its true sense. The Delhi Development Authority has played a vital role in the orderly-yet-rapid development of Delhi. The city has become the residence of choice for more than 11 million people and this number continues to increase. The biggest challenge in front of the Ministry of Urban Development Delhi has always been to provide adequate residential property in Delhi to over 11 million people in the city.

The Delhi Development Authority (DDA) Master Plan was formed in 1962 to ensure an organized and structured development of New Delhi. The development of Housing projects by Delhi Development Authority commenced in 1967 with construction of houses and providing the basic amenities like electricity, water supply, sewage disposal, and other infrastructure facilities. The DDA Delhi undertakes construction, development and maintenance of house in delhi and commercial properties. Besides, the construction projects, Delhi Development Authority land development also includes providing a lush green belt and forest area for a clean and healthy environment by developing regional parks, neighborhood parks, district parks, play fields, and sports complexes.

The real estate developments in Delhi have been stretched to the city limits and now even to the neighboring cities include in the NCR. This city is one of the travel hubs of Northern India. There are many renowned and sophisticated hotels which are located in Delhi. One can also book budget stay in hotels, cheap lodges and guest houses in Delhi. The city Delhi offers extremely high investment property returns. The property prices in the city in recent few years have increased exponentially and many builders or housing companies has invested in mass projects in the area.

The DDA Delhi Masterplan was revised in 1982 to formulate the Master Plan 2001 and then re-revised in 2007 to form the Delhi Master Plan 2021.It lays down the basic infrastructure requirements for a city estimated to have a population of 128 Lakhs. The DDA Delhi commenced its housing activities in 1967 and has played a crucial role in providing more than a million houses to the people of Delhi. Till Jan 2007, DDA Delhi has allotted a total of 3,67,724 flats in Delhi (including the re-allotment of surrendered and cancelled flats).

Municipal Corporation of Delhi

The Municipal Corporation of Delhi is among the largest municipal bodies in the world providing civic services to more than estimated population of 13.78 million citizens in the capital city. It is one of three municipal corporations in the National Capital Territory of Delhi, the others being New Delhi Municipal Council, and Delhi Cantonment Board. The corporation is involved in community development programs, which include constructing health centers, schools and other services of public importance in the urban as well as rural areas.

The Municipal Corporation of Delhi (MCD) governs 9 Districts of Delhi. The Municipal Corporation of Delhi (MCD) came into existence on the 7th of April, 1958 under and Act of Parliament. The 1993 amendment of the Act brought about fundamental changes in composition, functions, governance and administration of the corporation. “It has also the unique distinction of providing civic services to rural and urban villages, Resettlement Colonies, regularized unauthorized colonies, JJ Squatter Settlements, slum ‘basties, private ‘katras’ etc.”

Ghaziabad Real estate giant to pay Rs 1.2 lakh as compensation

The real estate giant Ansal group to pay Rs 1.2 lakh as compensation to a woman who had complained that she was not allotted a flat despite paying the advance money. The Delhi State Commission has directed real estate giant Ansal group to pay Rs 1.2 lakh as compensation to a woman. The Commission, however, refused to revoke the cancellation of allotment.

Complainant Sharda Rani Arora had stated that she had paid an advance money of Rs 2.91 lakh to book a flat in Tronica City in Ghaziabad in 2001.The company informed her in 2006 that the flat has been allotted to a third party as she failed to pay the rest of the amount of around two lakh as required under the agreement.

The company had transferred the flat to a third party which had paid Rs 20 lakh. Aggrieved by the cancellation of her flat, she filed a complaint against the company before the district consumer court which directed it to pay her a compensation of Rs.1 lakh along with Rs 10,000 as cost.

Indian Express

Living near the Metro line might cost dearly

If MCD goes ahead with re-categorization of colonies, there will be a major change in the tax slab for upgraded colonies. The reports also suggest increasing the property tax levied on commercial rented properties. Besides this, the report suggests levying taxes on 5-star hotels, multiplexes, petrol pumps, farmhouses (non-residential), malls based on the rates fixed for category ‘A’. The third municipal valuation committee’s interim report has also recommended MCD should try and increase its tax base. ‘‘If this happens, malls will land up paying Rs 8.90 crore more, guesthouses will have to shell out 10 crore more. Similarly, the amount of money paid by all the above categories will increase substantially.’’ said an official.

At present, there are 28 category A colonies in Delhi, where the tax rates are higher. Areas under the jurisdiction of MCD are at present, divided into categories A to H depending on the infrastructural facilities there. The interim report of the third municipal valuation committee recommending re-categorizing colonies like Lajpat Nagar-I from category C to A along with many other colonies such as Chandni Chowk — E to C — Saket from C to A etc.

‘‘Other colonies which have been upgraded due to proximity to the Metro include Model Town from C to B, Rajouri Garden and Sarvapriya Vihar from B to A, Janakpuri from D to B and Moti Nagar from D to C, Kamla Market and Kalkaji — which are proposed to be upgraded from D to C.’’ said an official. As per the report, a total of 168 colonies will be re-categorized with maximum colonies being upgraded from E to D. If MCD goes ahead with re-categorization of colonies, there will be a major change in the tax slab for upgraded colonies. With the interim report of the third municipal valuation committee, living near the Metro line might cost some colonies dearly.

The process of registration of the sale deeds becomes faster

Opening of more than one counter for registration of sale deeds has been done on an experimental basis in Gurgaon. Now, the powers to register sale deeds have been given to three more naib tehsildars in addition to the already functioning tehsildar and naib tehsildar in Gurgaon tehsil. Starting Thursday, registering immovable properties such as plots, houses, apartments and farm houses with the revenue department in Gurgaon became a less-than-a-day affair as against the earlier gruelling 10-15-days long wait. With this, Gurgaon became the first city of the state to offer hand-to-hand registration of properties.

The district administration has set up five counters for registration of sale deeds of immovable properties following the orders of the Financial Commissioner of Revenue department (FCR).“The idea is make the system not only transparent by eliminating touts in the registration process but also to register the properties the same day of application. As against one counter and a revenue officer earlier, we have now five counters and officers for the speedy processing of the documents. We would also install CCTV cameras soon in the office,” Deputy commissioner Rajender Kataria said.

The move aims at making the process of registration of the sale deeds fast and to check corruption. Vijay Soni, a Delhi resident who visited the property registration office at the Mini Secretariat to get the sales deed of his 300 sq-yard house, said that it was a pleasant surprise for him to get the work done in few hours. “I was told that the registration of properties takes more than ten days but I was surprised to get it done in just three hours. I applied for registration this morning only,” Soni said.

“We have displayed the list of the documents and the fee required for property registration in the office and the applicants need to submit their documents and fee with the officers only. They are advised not to fall trap to touts and pay them more.” added Kataria. Kataria said that touts would not be allowed to enter the registration office. Now the applicant registering their immovable properties in Gurgaon can get them in less-than-a-day. The process of registration of the sale deeds not only becomes faster but also avoids touts and corruption in registration of sale deeds.

Source: Register your property in one day

SC orders cellular service providers to pay hiked tower fee

The cellular service providers will now have little option but to pay up the Municipal Corporation of Delhi’s (MCD) hiked licence fees. The Supreme Court on Tuesday virtually refused to substantially alter the June 4 interim order of the Delhi high court asking the service providers to pay Rs 1 lakh per tower — Rs 50,000 in cash and the rest in FDR — to MCD saying ‘‘such payments were quite affordable’’.

The Cellular Operators Association of India had complained against the MCD’s decision to revise the licence fee from a one-time sum of Rs 1 lakh (valid for 20 years) to Rs 5 lakh for a five-year period. Since the rates were applicable on each tower, considering the fact there are over 5,500 mobile towers in the capital, the Association had sought stay of the HC order as it imposed a heavy financial burden on the companies.

However, a small relief came their way. A vacation bench comprising justices R M Lodha and A K Patnaik asked MCD not to encash the FDR portion of the amount deposited by the cellular service providers till the HC took a final decision on the their petitions challenging the new licence regime. The HC, acting on a PIL, had on May 31, constituted a committee of experts to study the health hazards caused by mobile towers located in residential areas.

The cellular service providers will now have little option but to pay up the Municipal Corporation of Delhi’s (MCD) hiked licence fees, which is almost five times the earlier one, to save their mobile communication towers from the civic body’s. The service providers to pay Rs 1 lakh per tower — Rs 50,000 in cash and the rest in FDR. However, A vacation bench asked MCD not to encash the FDR portion of the amount deposited by the cellular service providers till the HC took a final decision on the their petitions challenging the new licence regime.

RWAs for property tax collection in the capital

According sources, city authorities informed the Planning Commission on Wednesday that RWAs (Residents Welfare Associations) and group housing societies will be entrusted with the task of collecting property tax in their localities and in return will be “rewarded” for the work.Revenue from property tax was Rs 1,063 crore in 2008-09. Authorities are hoping the figure could improve by involving RWAs.

The procedure for involving RWAs will need to be worked out with the MCD which is the agency responsible for collection of property tax. RWAs and management bodies of group housing societies will be “rewarded” for collecting property tax in their localities. Revenue from property tax was Rs 1,063 crore in 2008-09. This year it is expected to go up to Rs 1,158 crore.

At the meeting of Delhi CM Sheila Dikshit and the deputy chairman of planning commission for finalization of the city’s annual plan, concerns over social indicators and a need for greater focus on the poor came up for discussion. Plan panel approved an outlay of Rs 11,400 crore for 2009-10. For the city government, which has received sufficient fiscal support from the Centre for the upcoming Commonwealth Games 2010, the concern is to raise resources for its social sector obligations — health, education and food security.

A senior official pointed out that to make Delhi a world class city, vulnerable sections have to be taken care of. ‘‘We have to look beyond Commonwealth Games. The need is to raise the revenue resources to focus more on the poor in the next plan,” he added.

A senior member of plan panel Syeda Hameed asked city authorities for higher emphasis in the 12th Five Year Plan on the poor living in the Capital. Hameed pointed out that the presentation to the plan panel reflects a focus “more on the haves than the have-nots”. The increase in infant mortality rate (IMR) from 12.9 deaths per 1,000 live births in 2005-06 to 25.4 in 2007-08 also caused concern. There was a slight improvement in 2008-09 with the rate falling to 18.4 deaths per 1,000 live births.

Emphasizing on the need to further improve the education system, Narendra Jadhav, another member looking after education in the Commission, pointed out that enrolment of scheduled castes in higher education is just 8% as against 58% for general category. Jadhav highlighted that there are around 29,000 children still out of school and the repetition rate is around 50%. The Capital has failed to meet the physical target under Sarv Shiksha Abhiyan while there are around 11,000 vacancies for teachers. There are a sizeable number of schools with no separate toilet facilities for girls.

Source: The Economic Times

The court directed to implement a law that safeguards apartment owners’ interests

The Delhi High Court directed the government to protect the rights of apartments owners in the capital. The court asked the government to appoint competent authorities area-wise or building-wise within 30 days for overlooking the effective implementation of the law and directed it to file a status report.

The Delhi High Court directed the city government to effectively implement a law that safeguards apartment owners’ interests related to sharing of common areas and maintenance in buildings with independent dwellings. A division bench comprising Justices A K Sikri and Ajit Bharihoke also directed the promoters and builders to execute registered sale deeds with regard to apartments in a format approved by the authorities for all previous transactions within two months. Future deeds related to sale of independent dwellings of floors under the Act are required to be registered within one month, the court said.

The court was hearing a petition filed by advocate V N Jha seeking enforcement of the act on the ground that despite there being a law, promoters and builders were not complying with its provisions as there was no penalty to ensure compliance.

The court made it clear that any failure or inaction on the part of the builders in executing and registering sale deed would mean that they would lose their ownership rights to a dwelling. The buyer of a dwelling will be treated as the owner of the apartment for all purposes under the Delhi Apartment Ownership Act, the court. The court directed the government to protect the rights of apartments owners in the capital by laying down guidelines to curb violation of the Delhi Apartment Ownership Act by promoters and builders.