Realty News Roundup: 20,000 People In Delhi Did Not Pay Property Tax; Arbitration Council In Gurgaon To Resolve Builder-Buyer Disputes

Realty News Roundup is PropGuide's selection of top stories from the real estate sector

Top News

Today's media reports state that over 20,000 people in Delhi did not pay property tax due to them. The total amount due is more than Rs 300 crores. NDMC officials have said that people did not pay their property tax because they did not trust certain ex-parte decisions. Read more.

 An Arbitration Council has been set up in Gurgaon for resolution of disputes between builders and buyers. More than 100 builders are part of the Council. A number of builders have reportedly said that most disputes between the two parties occur because of miscommunication. Read more here.

If you are planning invest in real estate, this is the time to hurry up. State Bank of India is compiling all legal and basic infrastructure-related information of such properties to help bidders take an informed decision. Read here.

Off the front page

Do you live in Noida, or are planning to buy a home here? Here is good news for you. The Noida Authority has announced that it is going to expand the city's green cover. According to this report, the authority is planning to develop 27 parks in various locations across the city. Nearly four lakh trees will be planted in these parks.

More news are coming in on the willingness of cities across India to compete for the central government's Smart City project. This report states that citizens and corporators have given a total of 225 suggestions to the Pimpri Chinchwad Municipal Corporation (PCMC) in Maharashtra for creating awareness about the project. Civic officials said that the municipal corporation has prepared data for the upcoming smart cities and is confident that Pimpri Chinchwad will be included in the project.