By Raheja Developers | 18th July 2019

3.7 acres land in Pragati Maidan to be Auctioned to Raise Funds

LC Goyal chief of The India Trade Promotion Organisation (ITPO) had announced that 3.7 acres prime land in Pragati Maidan will be put for an auction in order to raise funds for building exhibition-cum-convention center that is going to be the country’s biggest center. The money that will be raised by the auction will be used to build a hotel for the guests with 500 rooms. “The project would require Rs 2,250 crore. ITPO will pump in about Rs 1,200 crore. “The Cabinet has ap...

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By Raheja Developers | 19th July 2019

Pay heavy fine for returning DDA flats

In order to ensure that only serious buyers can apply for the Delhi Development Authority’s new scheme, DDA has decided to levy a penalty, ranging from 25-100% of the earnest money, & the new scheme is likely to be announced in mid-June. This step has been taken to avoid the repeat of what happened in 2014 when 50% of the flats were returned by allottees. It can be a good sign to the serious buyers but, the resident welfare associations are not happy with the land-owning agency’s...

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