123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Real-Estate-and-Foreclosure >> View Article

New Real Estate Laws Expected To Bring Transparency To Ghaziabad Property Transactions

By Author: Vinay Kumar
Total Articles: 55

In light of the coming elections, government is pushing hard to get the Real Estate Bill 2013 get passed. The Bill aims at regulating the real estate practices and posing restriction on the property frauds by builders and developers. When the bill comes into action, the buyers of Delhi NCR shall get much-needed relief, as they will have to pay price only on built-up area rather than the super area. The present scenario for the residents of Ghaziabad, Noida, and Greater Noida shall see transformation as the Bill would save them from falling into the traps of swindlers. It will shall also make it mandatory for all of the builders to register every details of their property online. It would be after this registration that they would be able to ask money from buyers.


Ghaziabad Property market is, currently, caught within the web of malpractices. In light of increasing fraud cases in real estate, government considered it mandatory to have a system where sellers would be made accountable for their actions. This would bring transparency to the realty sector. U.P. government is about to come up with another law that would help it address the grievances of buyers, who have complaints to made against sellers. According to this law, real estate agents shall have to get a license for starting his business before he initiates any transaction. He will have to get the license number on mandatory basis. For every district in Ghaziabad, and Delhi NCR for that matter, a top official shall be elected who would assign the licenses. Such a law is expected to put a stop to the unscrupulous activities by property dealers.


At present, Ghaziabad is considered as one of the affordable localities of real estate market. Comparing it to Noida and Gurgaon, the city's realty rates are cheaper. It is hard to find a 2 BHK flat priced at 20 lakhs in these cities, while Ghaziabad real estate offers a number of such options. Let's have a look how a two room flat fares in terms of prices across city's prime localities.


The properties in Ghaziabad, valued at 10-20 lakh price bracket, can be expected at Indirapuram, Vaishali, Vasundhara, Raj Nagar Extension, Lal Kuan, NH-24, Ankur Vihar, and Shalimar Garden. In the same areas, one would find 2 BHKs worth crores too. So, in a way, the localities offer houses catering to low, middle, and upper income groups. Across 30-40 lakhs range, one can consider localities like NH 58, GT Road, Sahibabad, Raj Nagar, Kaushambi, Govind Puram, Crossing Republik, and Ahimsa Khand.

Total Views: 92Word Count: 425See All articles From Author

Real Estate and Foreclosure Articles

1. Real Estate In Redlands California Helps In Buying And Selling Houses
Author: Vikram Kumar

2. Find The Best Assistance From Keller Williams Redlands California Regarding Sale Of Houses
Author: Vikram Kumar

3. Buying And Selling Homes Made Easy With Realtor In Redlands California
Author: Vikram Kumar

4. Redlands Investment Property: Just The Way You Want It!
Author: Vikram Kumar

5. The Best Real Estate Agent In Redlands, California
Author: Vikram Kumar

6. Tata Value Homes Sector 150 Noida
Author: Tata Housing Noida Sector 150

7. Real Estate Agents In Redlands California Help You In Relocation
Author: Vikram Kumar

8. Factors To Consider When Calculating Arv For A Fix And Flip
Author: WalnutFinance

9. Luxury Home Designs Sydney- The Best Home Design Company
Author: Leila Adam

10. Finding A Down Payment For Your Real Estate Investment
Author: WalnutFinance

11. Ajnara Group – Luxury Housing Developers
Author: Nandini

12. How To Find Best Realtors In Cape Cod Massachusetts
Author: Robert Jackman

13. Gaur Siddhartham Excellent Connectivity Facility
Author: Amit Sharma

14. Deferred Payment Has Been The Latest Trend Attracting Prospective Buyers To Maradu. In All Of Kochi
Author: Tripti

15. Deen Dayal Jan Awas Yojana (ddjay) Affordable Housing Scheme
Author: gaurav seth


Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: