NEW DELHI: Two promoter companies, True North Fund V LLP and Aether Mauritius Ltd, and Warburg Pincus-affiliate Orange Clove Investments BV on Monday offloaded shares of affordable housing finance firm Home First Finance for Rs 330 crore through open market transactions. According to the bulk deal data available with the NSE, True North Fund V […]
GURUGRAM: District authorities on Monday issued a notice asking residents to vacate Towers E and F of Chintels Paradiso Society here within 15 days, months after the two towers were declared unsafe. District Magistrate and Chairman of District Disaster Management Authority Nishant Kumar Yadav issued the order under sections of the disaster management act and […]
GURUGRAM: The enforcement team of MCG on Saturday demolished a building with 30 apartments being illegally constructed in Sukhrali Enclave. The area falls in the restricted zone around the Indian Air Force ammunition depot, where construction is prohibited. The MCG commissioner also suspended and ordered the filing of a chargesheet against a junior engineer for […]
GURUGRAM: A large patch of Aravali terrain has been cleared of trees, flattened, fenced off and turned into walled compounds, some of which have hoardings of farmhouses. Just a kilometre from Golf Course Road Extension, the around 35-acre area under khasra numbers L68/1 and L69 (plot numbers in rural areas) is part of the Aravali […]
US-based fund management company Apex Fund Service LLP has picked up over 53,592 sq ft office space in Pune’s Viman Nagar from property developer Panchshil Realty for a total tenure of five years. The company has leased the office space on the 7th floor of Panchshil Business Park’s tower A with a lock-in period spanning […]
NOIDA: Around 4,000 flats in 20 group housing projects are yet to be registered in the names of the buyers, officials of the Greater Noida Industrial Development Authority (GNIDA) said on Friday. This is despite the developers having paid their dues to the Authority and obtaining approval for registries. The Authority has warned developers of […]
NOIDA: The Noida Authority is planning a study to determine the most suitable financial model for acquiring land in the upcoming Dadri-Noida-Ghaziabad Investment Region (DNGIR). The Noida Authority planning team has received instructions to conduct an extensive study of the financial models used in other states—Gujarat, Haryana, Delhi, and Rajasthan. Officials said the planning department’s […]
Realty developer Supertech will raise Rs 12,00-1,600 crore from OakTree financial to complete the stuck projects, Mohit Arora, Managing Director of the company told ET. Arora said that on Thursday, the Supreme Court has decided to not interfere in NCLAT order of June 2022, which allowed Supertech’s promoters to raise funds on priority funding basis […]
NOIDA: The Noida Authority is planning a study to determine the most suitable financial model for acquiring land in the upcoming Dadri-Noida-Ghaziabad Investment Region (DNGIR). The Noida Authority planning team has received instructions to conduct an extensive study of the financial models used in other states—Gujarat, Haryana, Delhi, and Rajasthan. Officials said the planning department’s […]
NOIDA: The Noida and Greater Noida authorities are considering a co-developer policy as a single solution for two major problems-finishing incomplete housing projects stalled due to a lack of funds and realising its dues. Companies will be allowed to infuse money into a project and complete them under the policy, instead of realtors striking co-developing […]
GURUGRAM: In the 1990s, when most of the city’s licensed colonies were being developed, the basic infrastructure — road, electricity, water and sewerage — was built keeping in mind the construction of two and a half floors on each residential plot. Over three decades later, the population has doubled, and the number of floors allowed […]
NEW DELHI: National Company Law Tribunal (NCLT)-Chandigarh bench has withheld the merger of NAM Estates and Embassy One Commercial Property Developments (Embassy One) into Indiabulls Real Estate (IBREL), the company informed in a BSE filing. It is pertinent to note that the merger already stands sanctioned by the NCLT-Bengaluru bench, which has jurisdiction over NAM […]
