ashish, Ahmedabad
Q: Why DLF is selling its Aman Resorts?

Latest Answer: The company is likely to sign the memorandum of understanding for its hotel asset by the end of this month.

Q: What are the steps taken by the Delhi government to facilitate the affordable house construction?
Latest Answer: Is affordable housing a first step towards slum free Delhi. ‘Rajiv Awas Yojana’ (RAY) is expected to cover about 250 cities, across the entire country by the end of the 12th Plan (2017). According to source, for undertaking preparatory activities Rs.99.98 crore has been released to 34 states / UTs.

Q: What will happen if the central government implement the real state regulatory bill?

Latest Answer: Hi Jeet Bhaskar, According to sources, the committee has concluded the suggestion to bring all projects constructed over more than 500 sq-mt or if nothing else 8 flats under the range of the proposed law. The proposals are liable to be submitted to the Parliament.

Q: Is it necessary to take permission from the BDA for the construction of residential properties in Orissa?

Latest Answer: With the court order the BDA has no jurisdiction over the Panchayat areas. So there is no need of seeking permission from BDA..

Q: The cost of the apartments is increasing. Is there any opportunity that the cost of the apartments may reduce?

Latest Answer: It is because the cost of construction materials are high. Their input is high and obviously they expect high prices.

Q: Its been pretty long time since I heard a realty launch by famous real estate developer Assotech Realty. Is there any new launches by them this year?

Latest Answer: The realty group experts say that they are glad to introduce Sandal Suites which offers premium accommodation options in their upcoming project.

Q: In last couple of years the real estate in India witnessed a downtrend. What is the prediction by the real estate analyst for the coming financial year?

Latest Answer: Hello everyone... Read this short article related to this discussion- Real estate market will improve in this year . It gives hope that reality sector of India will see a good growth this time.

Q: The Yamuna Expressway has a high rate of demand for residential complexes. Is there any new project coming up in the area?

Latest Answer: A new city named Orris Curio City is coming up in that area. Go for it as it will have the best returns. :)

Q: When has the road development authority planned to fill the potholes that has been decorated the whole of East Delhi?

Latest Answer: Till now the road development authorities have not taken any serious action for the road development inspite of continuous complaints lodged.

Q: What was the main motto of the recently held workshop on water usage in Delhi?

Latest Answer: According to sources, the workshop was organised to remember the the World Water Day and to adopting water efficiency rated devices which could help in reducing the need of water in Delhi city.

Q: Hi all, is the new Budget helpful to Reality sector. Share your opinions.

Latest Answer: Read this article to know more about the Impact of Budget on Indian realty market.

Q: In the upcoming municipal elections, what is the role of the local RWAs? Are they holding in any campaign? If yes, I would like to be part of it!

Latest Answer: RWA’s are planning to begin campaigns in order to increase voter turnout. On March 25th the Delhi RWA will start a joint voter awareness campaign from India Gate.

Q: How the clarity and trustworthiness can be maintained in Realty sector?

Latest Answer: The President of India asked the government to prepare the regulatory bill for the realty industry. You will find more details about the proposal in Government to introduce realty sector regulatory bill. This bill will assure the clarity and trust in the industry

Q: Industrialization is happening in all the surrounding area of NCR. However the cost of real estate is still less compared to the NCR Gurgaon region. Will it be a wise decision to invest on real estate in those region?

Latest Answer: The surrounding area of the NCR is a good place for investment. As the place will see the growth in next 5 to 10 years. Hence the investment made now will give a good return after couple of years.

Q: Is the income from rent comes under income tax? Do I need to pay tax for the income from rent?

Latest Answer: Yes Ashish, the income from property rent comes under taxable income. To get more highlight on that you can read http://www.commonfloor.com/stories/naredco-wants-some-boost-up-from-finance-ministry-15139, an article on commonfloor.

Q: Does AXA make any investment for Indian projects?

Latest Answer: AXA is a global investor, whose main focus area is in UK and France.

Q: I read somewhere that eight properties are pending for the payment... what action will IMC take over this?

Latest Answer: Actually what I have heard was that there were 20 properties listed for auction but dues were paid for only for 12 properties hence the names were removed from the auction list. Remaining 8 properties will go for the auction.

Q: Stange! But why are the realty projects in metro cities getting delayed? Is there any recent news about this issue?

Latest Answer: The major cities which are facing much delay in the project are like Bangalore, Delhi and Mumbai. But Delhi has been marked as the worst performer in compare to Mumbai and Bangalore.

Q: Will the CWG flats returned back to the property owners?

Latest Answer: Hey Ashish, Good news for the flat owners. The High Court has directed the Delhi Development Authority to accelerate the process of issuing completion certificate to the flat owners.

Q: Hai, I recently read about mixed used of buildings in real estate sector. Can you give me clear titles as to what a mixed used construction is?

Latest Answer: Hai Everyone!! Recently I came across a piece of news in commonfloor with the information about the mixed used construction. If you want to know more about mixed construction you can check the link http://www.commonfloor.com/stories/mixed-used-construction-a-trend-in-real-estate-14362

Q: Can anyone tell me more about the 18 lanes expressway in Bangalore?

Latest Answer: The Bellary Road is soon going to be upgraded to an 18-lane expressway which will also have a high speed rail link on it. 18 lanes expressway will be done from Hebbal flyover to Bachchalli railway gate. It will also include the Trumpet Interchange road towards the airport which will bring a sign of relief for frequent travelers out of the Bangalore city.

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