Now, get your property registered via e-stamping

The Delhi government introduced a system of e-Stamping for the registration of immovable properties. This will allow consumers to avail of the electronic way of stamp duty payment and bring into effect a fool proof system of e-stamp generation. With the launch of e-stamping, the traditional practice of purchasing non-judicial stamp paper has been done away with.

According to officials, the new system would mean faster processing and an easier mode of stamp duty payment which would in turn provide the general public with a more secure form of revenue payment. Under the system a person seeking to register his or her property would simply have to go to any one of the 21 counters being set up across the city for e-stamping. Here, one is issued a unique identity number after paying the stamp duty. After this, one just has to produce this ID number at the local sub-registrar’s office for ones property to be registered.

Office rentals up by 6% in Q1: Cushman & Wakefield

Office rentals across the property market have increased by 6% during the first quarter of 2008 on account of rise in supply of office space, according to global consultant Cushman & Wakefield.

"Rentals across office real estate markets showed a marginal average increase of 6% over the last quarter coinciding with the increase in overall office supply,” C&W said in its latest report.