NOIDA: The extent of the city’s flat registry stalemate, as many homebuyers find themselves unable to get deeds for their properties because of the standoff between builders and the government on dues, is evident from data uploaded recently by the Noida Authority on its website. It shows that of the 1.3 lakh flats sanctioned in […]
Kotak Mahindra Life Insurance Company has picked up over 1.5 lakh sq ft office space in Tata Realty & Infrastructure Ltd’s information technology park TRIL IT 4 in Mumbai’s western suburb of Malad through a long-term lease of over 9 years, said persons with direct knowledge of the development. The company will be paying rentals […]
Authum Investments and Infrastructure has completed a Rs 3351 crore takeover of former Anil Ambani company Reliance Home Finance Ltd (RHFL), in what is the biggest resolution of a debt laden non banking finance company (NBFC) outside the bankruptcy courts. “Authum has transferred the requisite amounts to secured creditors and the business transaction agreement has […]
GURUGRAM: The forest department is yet to demolish illegal structures in the Aravalis, over eight months after the Supreme Court (SC) ordered that the protected forest area in four Faridabad villages be cleared and restored. The government sought a four-month extension for the exercise, which expired in February. Three committees were set up and notices […]
Financial advisory firm Avener Capital along with its group entity Bajaj Consultants has bought a luxury sea-view duplex apartment in a super-premium residential tower on Dr. Annie Besant Road in Mumbai’s plush Worli locality for over Rs 100.70 crore. The apartment spread over 9,593 sq ft on the 21st and 22nd floor of the tower […]
Amazon Development Centre has leased 650,000 sq ft of space in Bengaluru in one of the most significant office transactions in recent times. The web commerce company registered the document in February for a 60-year lease, and will pay rent of 62 per sq ft, the lease record shared by Propstack showed. The new facility […]
NEW DELHI: Mahindra World City Developers, a subsidiary of Mahindra Lifespace Developers, has transferred land admeasuring 9.24 acres on perpetual lease within the Mahindra World City, Chennai to Alliance Budget Housing for the development of a multistorey residential project. This project will be an addition to Mahindra World City’s existing residential and commercial offerings. The […]
NEW DELHI: Godrej Properties has increased its stake in equity share capital of Wonder City Buildcon (WCBPL) and Godrej Home Constructions (GHCPL) from 25.10% to 74%, the company said in a BSE filing. Pursuant to the said acquisition, WCBPL and GHCPL have become subsidiaries of the company with effect from March 29, 2023. Paid-up share […]
Pinterest Inc will end leases of certain office spaces as part of a restructuring plan, the imagesharing platform said on Monday, in addition to about 4% workforce reduction it started last month. US companies from technology to finance have stepped up cost cuts as they brace for a potential recession. Pinterest said it expected to […]
GURUGRAM: In the last five years, the Haryana Real Estate Regulatory Authority (HRera) has resolved only around 53% of complaints it received from aggrieved homebuyers, while the rest are at various stages. Homebuyers have claimed that resolution of complaints before HRera was too slow, forcing many to approach other authorities for justice. Data shared by […]
NOIDA: The Noida Authority has issued a show-cause notice to Three-C Green Developers, promoter of the Sports City in sectors 78, 79 and 101, for violating lease terms and not completing the project 12 years after land allotment. Twelve subsidiary companies that were sub-leased lands for developing group housing projects have also been sent notices. […]
NEW DELHI: Delhi Development Authority (DDA) will come out with the 2023 housing scheme in May, said senior officials, adding that the inventory will include around 23,000 new EWS and LIG flats, mostly in the Narela subcity. “We are expecting that the agenda to launch the scheme will be placed in the April meeting and […]
