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Delhi s big-ticket property transactions are affected as the Land and Development Office (L&DO) delays the conversion of leasehold properties into freehold. Around 100 such transactions are on hold, causing distress to industry stakeholders. Elderly, widows, and ailing senior citizens are suffering the most. The government is also facing revenue loss due to halted property transactions and loss of freehold conversion charges and stamp duty payments. The involvement of multiple authorities is affecting Delhi s high-value property market. ....
The Municipal Corporation of Delhi (MCD) is considering expanding the "compensatory regulatory charges" to south and east Delhi, which could raise the cost of building houses in these areas. The charges will be determined based on the built-up area of new residential constructions or extensions. The revenue generated from these charges will be used for the maintenance and development of infrastructure within the MCD s jurisdiction. ....
A monotonous “global” style of building now dominates new construction in major cities of the world, including Delhi, often making them look homogenous. The result is a loss of sense of place and belonging, transforming a city into a mere space and not a place of belonging. ....
Unlike Mumbai, where South Mumbai’s Art Deco and Victorian buildings are formally recognised as UNESCO’s World Heritage, Delhi’s Art Deco seldom attracts attention. Read to know the reasons and more. ....