GURUGRAM: A decade-long wait for over 800 people, who bought flats in Sidhartha Estella in Sector 103 and Sidhartha NCR One/Greens in Sector 95, will likely end soon. In a May 24 order, the National Company Law Tribunal’s (NCLT’s) New Delhi bench approved the withdrawal of insolvency proceedings against the developer, Sidhartha Buildhome Private Limited, […]
GURUGRAM: A total of 14 families are yet to vacate their flats in two towers of Chintels Paradiso despite repeated orders to do so by the district administration and an IIT report declaring both the buildings “unfit for living”. District town planner Manish Yadav visited the Sector 109 society – where a vertical collapse of […]
Swiss biotech major Roche’s India arm has picked up an over 2 lakh sq ft office space from Brookfield Properties in its commercial project in Pune’s Baner locality, said persons with direct knowledge of the development. Roche Information Solutions India, the healthcare digital entity of the global pharmaceutical major, will be paying rentals of over […]
NEW DELHI: The debenture committee of the board of directors of Embassy Office Parks Management Services, manager to Embassy Office Parks REIT (Embassy REIT), has approved the issuance of 1,05,000 listed, rated, secured, redeemable, transferable, rupee denominated, non-convertible debentures (NCDs) with a face value of Rs one lakh each by Embassy REIT on a private […]
GURUGRAM: Deputy commissioner Nishant Yadav on Friday ordered structural audits of 15 residential societies in the city to roll out the second phase of an exercise that was carried out after a vertical collapse of flats in Chintels Paradiso last year. The societies will be picked out of the 60 projects, whose residents and RWAs […]
The Indian arm of US-based Cognizant Technology Solutions has renewed two lease deals for more than 627,000 sq ft of office space in Pune’s Hinjewadi Rajiv Gandhi IT Park. The company has renewed the lease for five years through two agreements registered on April 28. The space is spread over 10 floors across two blocks […]
GURUGRAM: In a move that is likely to speed up the compensation process for flat owners of towers D, E and F of Chintels Paradiso, the panel constituted to discuss issues pertaining to these three buildings has revoked the ban on registries of properties owned by the developer. The developer, Chintels India, had earlier claimed […]
GURUGRAM: The forest department has found illegal construction of farmhouses in around 50 acres of land that falls under the protected Aravali plantation area across seven villages in Gurgaon. Officials said on Wednesday they issued 50 notices, which give defaulters until the end of the month to remove the structures. If they don’t clear the […]
Poonam Juneja, a Director at Mankind Pharma and wife of Ramesh Juneja, Chairman of the company, has recently sold a bungalow in Delhi’s Vasant Vihar for Rs 91 crore. The purchasers of the property are Dhruv Malhotra, Dakhsh Malhotra, and Ranjana Malhotra from Everest Pressure & Vacuum Systems. To complete the transaction, the Malhotra family […]
BENGALURU: Global Net Lease Inc will acquire Necessity Retail REIT Inc in an all-stock deal that would value the combined entity at about $950 million, the companies said late on Tuesday. The shareholders of Necessity Retail REIT would receive 0.670 shares of Global Net Lease (GNL) for each Necessity share held, representing a total of […]
NOIDA: The Noida Authority has said subleased deeds, or registries, of 1,097 flats in 21 group housing projects in the city can be executed but are held up by the real estate developers, who are not getting the work done in favour of home buyers. The projects are located in Sector 75, 78, 121, 137, […]
Krisumi Corporation, a collaboration between Japanese conglomerate Sumitomo Corporation and Indian auto components firm Krishna Group, will invest Rs 300 crore to develop around 400,000 sq ft as part of phase 2 of 30.38-acre housing project “Krisumi City” at Sector 36A, Gurugram, a senior executive said. Both the partners have put the initial capital and […]
