HUDA has taken away the deadline for finishing minimum construction in the allotted residential and commercial plots.
HUDA takes the time limit for construction on allotted plots.
GURGAON: Haryana Urban Development Authority has taken away the deadline, the time limit, for finishing minimum construction in the allotted residential and commercial plots. Commenting on the new decision of the HUDA, a spokesperson said that there will be no time limit for completing the construction.
As HUDA has taken away the time limit, the allottees will be free to complete construction according to their financial stability. Earlier they were supposed to complete minimum construction within a couple of years from the possession-date.
The HUDA spokesperson added that after 12th year, the expiry period, further extension can be attained by paying the double the rates. However this will not be applicable to the plot sizes which are up to 100 sq. m. or less. Continue reading
Buying residential plots for value appreciation in developing areas is a good move. Property investors are now looking at residential plots as better options of investment.
Well connected residential plots offer good returns.
DELHI: When you see an area is growing and the appreciation is improving, surely you can choose residential plots in the area as options of investment. Comparatively the land prices will be lower in remote areas.
For instance if the land prices in the prime location is Rs.10000 per sq. ft., it will be Rs.200 per sq. ft. in the remote areas.
However the nearest hub must be reachable within an hour. Lesser the travelling hours to the city, the higher the appreciation you will get.
Connectivity and infrastructure developments are also to be noted. If the connectivity is poor or the infrastructure is weak, your investment may not bring the desired result.
Closeness to the railway station, metro station, the nearby bus stop/stand, etc. too are to be considered. They also play their roles in determining the prices. Continue reading