Author: Neeraj Bhaker

Delhi residents have a golden opportunity to own affordable homes as the Delhi Development Authority (DDA) has launched three housing schemes for 2025. These schemes cater to diverse income groups, offering flats with attractive discounts under the Shramik Awas Yojana, Sabka Ghar Housing Scheme, and the Special Housing Scheme. Booking starts today, and interested buyers can register and secure their flats on a first-come, first-served basis. Here’s everything you need to know about these schemes. Shramik Awas Yojana 2025: Affordable Flats for Workers Under the Shramik Awas Yojana, DDA offers flats at a 25% discount exclusively for registered workers of…

The rising demand for ultra-luxury apartments in India continues to make headlines, with homes worth over ₹100 crore becoming the new benchmark. Adding to this trend, two promoters of the renowned Metro Brands, Jiya Malik Lalji and Alisha Rafiq Malik, have bought opulent sea-facing apartments in Mumbai’s prestigious Worli area. The apartments, located on the 61st floor of the luxurious Palace Royal tower, come with a combined price tag of ₹162 crore. The duo, linked to Metro Brands, one of India’s largest footwear companies, made headlines with this high-profile deal. Inside the Luxury Homes: Key Highlights of the Purchase The…

The Indian real estate market is witnessing a dramatic shift in buyer preferences in 2024, with a strong demand for bigger homes equipped with modern features. The pandemic has reshaped how people perceive their living spaces, turning homes into multi-functional zones for work, relaxation, fitness, and socializing. This evolving mindset is driving a boom in luxury housing, especially in metropolitan areas like Delhi-NCR and Mumbai. Work-from-Home Culture Boosts Demand for Spacious Homes The work-from-home culture, established during the COVID-19 pandemic, has significantly impacted housing preferences. Buyers are now looking for homes that accommodate separate office spaces, ensuring a distraction-free environment…

The Indian real estate market has witnessed a significant shift in 2024, with luxury housing becoming the top choice for many buyers. Unlike the earlier focus on affordable housing, the demand for premium properties is on the rise, driven by changing lifestyles, work-from-home (WFH) culture, and an increased desire for modern amenities. Here’s why luxury homes are capturing attention and the factors fueling their growing demand. Work-From-Home Culture Spurs Need for Spacious Homes The pandemic has left a lasting impact on how people perceive their living spaces. Homes are no longer just a place to live—they now double as offices,…

Homebuyers in Noida and Greater Noida will now face higher costs due to changes in the property purchase process. As per the Uttar Pradesh government’s new rules, buyers must pay 6% stamp duty and 1% registration charges after making a 10% down payment on the property. While the move aims to increase transparency, it is creating financial challenges for buyers and builders alike. What’s Changing in the Property Purchase Process? The Uttar Pradesh government has mandated the registration of builder-buyer agreements after buyers pay 10% of the property’s cost. The key changes include: Buyers Face Increased Financial Burden Previously, buyers…

Many homebuyers in Noida and Ghaziabad are unknowingly walking into legal and financial troubles by purchasing flats that are not registered. Builders in Uttar Pradesh have been handing over possession of flats without completing the mandatory registration process. This issue is now under investigation by the state government. What Happens Without Registration? When a builder hands over a flat without registering it, the buyer faces numerous issues. Registration gives you full ownership rights. Without it, builders retain control over key aspects of the property, including maintenance and utility charges. Builders often exploit this by: Government Cracks Down on Violations According…

Renters in India are facing a troubling scam, where landlords refuse to return the full security deposit after tenants vacate a property. While this issue has long been ignored, a recent viral tweet from Bengaluru entrepreneur Varun Maya brought it to light, triggering a flood of similar complaints from across the country. How the Scam Works The scam typically unfolds when tenants vacate a rented apartment. Landlords claim deductions from the security deposit, often citing unverified damages to the property. In many cases, tenants are left with only a fraction of their deposit, despite having left the apartment in good…

Property investments have always been a reliable way to build wealth, and in Uttar Pradesh, Gorakhpur has emerged as a prime hotspot for real estate enthusiasts. From its rapid infrastructure development to its rising property values, this city offers investors an excellent opportunity to maximize returns. Development Boost in CM City Gorakhpur, famously known as CM Yogi Adityanath’s hometown, has witnessed tremendous growth in recent years. Under his leadership, the city has become a focal point for development in Uttar Pradesh. Circle Rate Hike: What It Means for Investors For the past eight years, Gorakhpur’s circle rates—used to determine the…

In the bustling property market of Noida-Ghaziabad, a disturbing trend is putting homebuyers at risk. Many builders are handing over flats without completing the essential registration process. This shortcut, taken to avoid stamp duty, not only deprives the government of revenue but also impacts buyers who may face unexpected costs and legal complications down the line. Here’s what to know to protect yourself when buying property in this region. Why Registration Matters: Avoid Ownership and Maintenance Issues It’s crucial to understand that registration is more than just paperwork. Under the Uttar Pradesh Apartment Act and the Stamp Act of 1899,…

If you’ve been dreaming of owning property near the Noida Airport, here’s your chance! The Yamuna Expressway Industrial Development Authority (YEIDA) launched the Diwali Plot Scheme 2024 (RPS-08A) on October 31, 2024, providing a rare opportunity to purchase plots in Sector 24A, close to the fast-developing Noida Airport area. These plots are ideal for building homes and are expected to offer a blend of convenience, future growth potential, and attractive investment value. Key Details About the YEIDA Diwali Plot Scheme 2024 The scheme offers a total of 821 plots with different sizes and configurations to cater to various needs. Applications…