Ministry Nod to Jewar International Airport brings Good News for Noida Real Estate

Living in Noida and having a job that requires you to travel to other countries quite often can be a frustrating combination. The only airport of Delhi- Indira Gandhi International Airport- is an hour and a half long drive. Commuting to and fro from a distance so far is really hectic. But it would no longer be a problem.

The ministry has finally given a nod to the new international airport Jewar in Greater Noida. The plan was passed much before but it was stalled due to regulatory delays. But now the same has been resolved. The land has been occupied and the construction work for the airport will be started soon enough. This is a good news for those living in Noida and Greater Noida as well as for the real estate industry in general.

Jewar is located along Yamuna Expressway which is a 165 km long stretch connecting Greater Noida to Agra. The infrastructure around the area has already started to reach the next level and this kick-start is due to the airport announcement. The extended surroundings of Greater Noida will also witness new launch of residential and commercial properties. [Read more…]

Noida home buyers will finally get possession of 50k awaited flats

Good news for Noida home buyers! A final notification is on its way to resolve the matter of demarcating and securing the eco-sensitive zone around Okhla Bird Sanctuary. This issue created a major hurdle for homebuyers to get possession of their flats.

As reported by the Times of India, Noida MP Mahesh Sharma held a meeting with Environment Minister Prakash Javadekar. He made an announcement that the Center has finalized the no-construction zone at a radius of ‘100 metres’ around the Okhla Bird Sanctuary. A final notification regarding the same will be released in the next few days. [Read more…]

Real Estate Bill: What’s in it for the buyers?

Real Estate Bill: What’s in it for the buyers?Recently, the Modi Government amended the Real Estate (Regulation and Development) Bill 2013. Previously, the bill was only meant to safeguard the interests of residential home buyers. However, the approved changes in the bill incline it in the favor of the buyers and investors as well as the developers and cater to industrial and commercial properties as well.

The bill brought forward the issue of contract enforceability and made it clear to the developers that if they do not honor the contracts they have entered into, they must refund the amount to the buyers along with interests and other charges. Each state will have its own real estate regulator and all the commercial and residential properties will be registered with the regulator. Unregistered properties will not be considered genuine. Nor can the developers advertise or launch projects without registration. However, real estate projects that have already been launched will be covered. [Read more…]

How to Secure Yourself from Real Estate Scams

How to Secure Yourself from Real Estate ScamsAt a time when customers are being given a huge number of Real estate focused messages that are directed towards enticing them to make that buying decisions, scams do exist and there are some schemes that are being run by fraudsters. As a result, a customer has to be very alert and extra careful while making that all important decision to invest in real estate.

And hence, we suggest that before you invest your money, particularly with real estate, make sure to read these tips on how to prevent such a scam in real estate from happening. [Read more…]