Gurgaon News Today
As per the report Housing in Gurgaon and NCR will rise in coming day as land would become costlier once Parliament passes the proposed Land Acquisition Bill, an industry body study has said.
"Under the proposed Bill, the development authorities would be forced to hike the land rates substantially. As a result, the prices of janta flats, two, three and four bed room apartments in the NCR may increase by up to 50 per cent," an Assocham study said.
The Bill was introduced in the Lok Sabha during monsoon session of Parliament and now it is under the consideration of the Standing Committee on Rural Development, which is expected to give its report in the winter session of Parliament.
Real estate developers have said the Bill passed by the Cabinet would make land costlier by up to 80 per cent due to higher compensation offered to farmers, thus, adversely affecting the housing development in the country.
Under the proposed Act, developers would have to pay four times more than the market value to land owners in rural areas and two times in the urban areas.
Good News from Banks
State Bank of India and Dena Bank have cut interest rates on home loans by 25 basis points (or 0.25 percentage points) for the upcoming festival season. Dena Bank has also cut car loan rates by 25 basis points. In the case of SBI, the special home loan campaign is on up to December 31, 2011, the bank has announced on its Web site. Dena Bank has also reduced the processing fees for home and auto loans by half for the festival season .The benefits will be effective from October 1, states a press release issued by the bank. SBI, Dena Bank cut home loan rates by 25 bps
Tag: NCR Gurgaon News, Latest News Gurgaon, Breaking News, Local News,, news of gurgaon city,
real estate Gurgaon, new palam vihar gurgaon news, gurgaon news live, gurgaon news update
As per the report Housing in Gurgaon and NCR will rise in coming day as land would become costlier once Parliament passes the proposed Land Acquisition Bill, an industry body study has said.
"Under the proposed Bill, the development authorities would be forced to hike the land rates substantially. As a result, the prices of janta flats, two, three and four bed room apartments in the NCR may increase by up to 50 per cent," an Assocham study said.
The Bill was introduced in the Lok Sabha during monsoon session of Parliament and now it is under the consideration of the Standing Committee on Rural Development, which is expected to give its report in the winter session of Parliament.
Real estate developers have said the Bill passed by the Cabinet would make land costlier by up to 80 per cent due to higher compensation offered to farmers, thus, adversely affecting the housing development in the country.
Under the proposed Act, developers would have to pay four times more than the market value to land owners in rural areas and two times in the urban areas.
Good News from Banks
State Bank of India and Dena Bank have cut interest rates on home loans by 25 basis points (or 0.25 percentage points) for the upcoming festival season. Dena Bank has also cut car loan rates by 25 basis points. In the case of SBI, the special home loan campaign is on up to December 31, 2011, the bank has announced on its Web site. Dena Bank has also reduced the processing fees for home and auto loans by half for the festival season .The benefits will be effective from October 1, states a press release issued by the bank. SBI, Dena Bank cut home loan rates by 25 bps
Tag: NCR Gurgaon News, Latest News Gurgaon, Breaking News, Local News,, news of gurgaon city,
real estate Gurgaon, new palam vihar gurgaon news, gurgaon news live, gurgaon news update
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