Documents By Vinod Arora

  MUNICIPAL CORPORATION OF DELHI – MCD The Municipal Corporation of Delhi, (MCD), which has now been bifurcated into three different corporations as South Delhi Municipal Corporation (SDMC), East Delhi Municipal Corporation (EDMC), North Delhi Municipal Corporation (NDMC), and these are primarily responsible to revises the Property Tax Rates in Delhi every year. These rates are based on the location, age and usage type of the property. Property owners can pay tax on land and property to South Delhi Municipal Corporation (SDMC), East Delhi Municipal Corporation (EDMC), North Delhi Municipal Corporation (NDMC),    according to the zonal area which is further divided into different wards and colonies. Property Tax is the major source of revenue for any Municipal Corporation. This tax is paid by the property owners on all lands and buildings, including on the vacant land. In Delhi, the property tax is maintained by South Delhi Municipal Corporation (SDMC), East Delhi Muni...

  If you thinking of buying a property in a Lal Dora area, you need to go through this article!! The term ‘Lal Dora’ came into existence in 1908 during the British rule. It was used to classify that portion of the village land which is part of the village ‘abadi’ (habitation). Such lands are supposed to be used for the non-agricultural purpose only and are exempted from the provisions building bye-laws.  While the term ‘Lal Dora’ is used for both rural and urban villages, the fine dividing line has disappeared over the years. Several villages in Delhi such as Yusuf Sarai, Munirka, Chhatarpur, Mahipalpur, Sant Nagar, Kanjhawla, Mehrauli and Shahpur Jat, etc. have been engrossed into the developed city limits, and today, they constitute a part of the prominent elite areas. Pros of buying a property in Lal Dora area Economical rates : Property rates in Lal Dora areas are comparatively cheaper than the authorised areas of Delhi due to non-availability of social amenities s...

  RERA REAL ESTATE (REGULATION AND DEVELOPMENT) ACT, 2016   Vide recent Notification dated April 19 2017 being S.O. 1216(E) issued by the Ministry of Housing and Urban Poverty Alleviation sections 3 to 19, 40, 59 to 70 and 79 to 80 of the Real Estate (Regulation and Development) Act, 2016 (the "Act' or 'RERA') came into force w.e.f. May 01 2017. Earlier, the Ministry notified effective date for sections 2, 20 to 39, 41 to 58, 71 to 78 and 81 to 92 of the Act as May 01 2016. THE PREAMBLE OF THE ACT STATES: An Act to establish the Real Estate Regulatory Authority for regulation and promotion of the real estate sector and to ensure sale of plot, apartment or building, as the case may be, or sale of real estate project, in an efficient and transparent manner and to protect the interest of consumers in the real estate sector and to establish an adjudicating mechanism for speedy dispute redressal and also to establish the Appellate Tribunal to hear appeals from the d...