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Demonetization has not affected prices of properties

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Recent studies show that in the first quarter of 2017, prices of under construction properties in Delhi and nearby cities have seen a sharp fall. However, contrary to the popular belief, it is not due to demonetization in November. This fall has been a correction in price of properties. In the last quarter of 2016, there was an upward movement in pruces of residential properties.

Relief of penalty for Dwarka home buyers

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Providing relief to Dwarka home buyers, Delhi development authority (DDA) had decided not to levy fines on buyers of Dwarka flats. Buyers of 26 cooperative societies have been forgiven penalty. In December last year, an order had made it mandatory for residents of societies to pay fines between RS. 15,000 and RS. 25,000 based on the size of the flat. However, residents claim that they have already paid penalty for getting flats regularized. 

JLL managed to sell properties worth Rs 30 crores during online home fest

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Property consultant JLL India recently forayed into e commerce section to sell flats. The builder managed to sell properties worth RS. 30 crores during its online home festival held earlier this month. This fest was a 10 day long event offering more than 100 projects at a 5-8% discount. 

Noida authority asks builders to provide exist strategy to buyers or provide alternate housing

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In order to provide relief to thousands of buyers in Noida 107 sector, Noida authority had asked builders to create exit plan of provide alternate houses to buyers. Buyers of Noida 107 had approached the authorities mentioning heavy delays in completion of project. 

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