The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued show-cause notices to over 584 promoters of housing projects that were registered in January for not updating information related to their projects. These are part of a total 746 new housing projects covering 50,288 apartments worth around Rs 22,449 crore that were registered with the regulator […]
NEW DELHI: Property prices in the city are likely to go up soon as Delhi government has approved Municipal Corporation of Delhi’s (MCD) proposal to increase the transfer fee on the sale of properties by 1% point. The raise will be applicable to all properties valuing over Rs 25 lakh. “We have approved the proposal […]
NEW DELHI: Real estate developers remained active on land acquisition for future development and they closed at least 87 land deals totalling 1,862 acres during the last fiscal year, according to Anarock. During the previous year 2021-22, real estate consultant Anarock noted that 44 land deals accounting for about 1,649 acres were closed across various […]
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 […]
NOIDA: Residents of Supertech Ecovillage 1 in Uttar Pradesh’s Greater Noida West have resorted to an indefinite sit-in to protest the lack of basic amenities. Protestors’ demands include better electrical infrastructure, along with rates at par with Noida Power Company Limited (NPCL) for an increase in per kilowatt power load if required by residents, basement […]
PRAYAGRAJ: The Allahabad high court has directed the Noida Authority to maintain status quo regarding its order of demolishing farmhouses located in Sector-135 of Noida allegedly built on flood plain region of the Yamuna. While directing the authority and National Mission for Clean Ganga to file counter affidavits, a division bench comprising Chief Justice Pritinker […]
NOIDA: The Noida Authority on Thursday sealed the marketing offices and unsold inventory of three projects over dues amounting to Rs 1,000 crore. The action was taken against two projects of Gardenia Group in sectors 46 and 75 for not clearing dues worth Rs 707 crore, and a Logix project in Sector 137 for non-payment […]
GURUGRAM: The senior town planner (STP) has written to the director general of the department of town and country planning (DTCP) to revise the payment plan of an affordable project in Sector 104. STP Sanjeev Mann has recommended that payment be linked to construction progress instead of a timeline. Buyers of Mahira Homes have been […]
GURUGRAM: MCG has directed the private developers of eight colonies, taken over by the civic body in June last year, to deposit the deficient infrastructure cost so that it can continue with the development work. According to the assessment done by the department of town and country planning (DTCP), the developers of these eight colonies […]
GURUGRAM: The developer of Chintels Paradiso on Wednesday agreed to the terms set by the district administration to either settle the claims of flat owners of three towers in the Sector 109 society within four months, or renovate/rebuild the buildings according to expert recommendation. The outcome was reached at a meeting of deputy commissioner Nishant […]
NEW DELHI: Retail sector leasing grew by 130% year-on-year to 1.5 million sq ft in Jan-Mar 2023. Supply during this period increased by 474% year-on-year to 1.1 million sq ft, according to a recent report by CBRE South Asia, a real estate consulting firm. During the Jan-Mar 2023 period, Ahmedabad led the absorption with a […]
NEW DELHI: Demand for flexible office spaces has hit a new high after the pandemic, with major companies and businesses including start-ups now increasingly opting for co-working spaces. Out of a net absorption of approximately 8.2 million sq ft across the top seven cities in Q1 2023, coworking spaces had a 27% share, according to […]
