#RealtyNewsRoundup: Next DDA Housing Scheme To Be An Online Affair

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

To reduce the length of queues of flat aspirants at its headquarters, the Delhi Development Authority (DDA) has decided to keep the sale process of its next housing scheme fully online. According to recent reports, about 11,000 flats are to be offered under the Housing Scheme 2016, the sale process for which starts in December.

Prime Minister Narendra Modi has advised people with undisclosed wealth to come clean before one-time compliance window closes on September 30. Warning unaccounted money holders of stringent action, the PM said people had been jailed in the past for evading taxes and the government should not be forced to resort to the same tactic.

US-based iPhone maker Apple has leased more than 40,000 square feet of office space in Bengaluru, where the company intends to set up a development centre. The new facility is at Galleria, a 3-lakh-sqft office space in north Bengaluru, where the office will be spread over two floors.

As part of its disinvestment plan, the Central government has initiated the process of transferring four Indian Tourism Development Corporation hotel properties to state governments. While Hotel Lalitha Mahal Palace (Mysore) will be transferred to the Karnataka government, Hotel Jaipur Ashok will be transferred to Rajasthan. On the other hand, Hotel Lake View Ashok (Bhopal) to transferred to Madhya Pradesh and Hotel Brahmaputra Ashok (Guwahati) will go to the Assam government.

Source: Media reports