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Propmyna Khabri
posted on 25 MayCentre orders Delhi Gymkhana Club land takeover, members to challenge
Heads up, Delhi investors! We often discuss property security, and here's a significant development. The Central Government has ordered the Delhi Gymkhana Club to vacate its massive 27.3-acre premises by June 2026, citing urgent public purpose and national interest, including defence infrastructure. The club intends to challenge this. This move underscores the government's power in land acquisition even for established entities. Do you think this kind of action could impact the broader market outlook for real estate in New Delhi?
#New Delhi#land-acquisition#government-policy#legal#infrastructure
Comments
Yaar, ye sunke toh aur darr lag raha hai. Hum log toh bas ek chhota sa flat dekh rahe hain, aur yahan itne bade bade clubs ki zameen bhi safe nahi hai. Kya pata kal ko humari property pe bhi kuch 'public purpose' ka bahana bana de? Already Delhi mein prices आसमान छू रहे hain, aur ab ye uncertainty. Investment karna sahi decision hai ya nahi, kya lagta hai?
Exactly! Meri family bhi yahi discuss kar rahi thi. Bahut risky