#RealtyNewsRoundup: Rules Eased To Turn Homes Freehold In Delhi

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

By doing away with site inspections, the Delhi Development Authority (DDA) has simplified the process for conversion of residential properties from leasehold to freehold. DDA officials said most of the city dwellers couldn't opt for property conversion due to high misuse charges.  Read more

The Gujarat government has sought voluntary donation of land for public services in tribal areas. In return for a no-compensation deal, the state will put up the donors' name on a plaque on the donated property site. The public utilities will be laid for upcoming industrial park, community buildings and social infrastructure, including police stations and hospitals. Read more

The Haryana government's Deen Dayal Jan Awas Yojna is getting a good response from prospective builders. Under this, the state will grant licences for construction of houses on 342 acres of land in eight low- and medium-potential towns across of the state. It would provide shelter to more than one lakh people. Read more

In another big-ticket celebrity transaction, actor Ranbir Kapoor last month purchased a sprawling apartment in Pali Hill for Rs 35 crore. At Rs 1.42 lakh per square feet, this is the most expensive transaction recorded in the suburb. The 2,460-sq ft flat is on the seventh floor of Vastu Pali Hill, a newly constructed luxury building in the upmarket residential enclave. Read more