NEW DELHI: With air pollution in Delhi-NCR ameliorating, the Centre’s air quality panel on Wednesday directed authorities to lift the curbs imposed in Delhi-NCR under stage III of the Graded Response Action Plan, including a ban on non-essential construction and demolition work. Delhi’s 24-hour average air quality index (AQI) stood at 343 at 4 pm, […]
GURUGRAM: MCG is re-verifying all property details that were collected in a survey carried out by a private agency last year — a decision taken after residents alleged their newly generated property IDs were flawed and inaccurate. Officials said on Tuesday that 292 field staff from different wings of the corporation will complete the survey […]
GREATER NOIDA: Residents of Panchsheel Greens 2 started the year with erratic water supply, prompting a protest against the builder that lasted till 1am on Monday. Over 2,200 families locked the society’s main gate, and the protest was eventually called off only after police intervention on Monday. After facing water disruption from January 1, the […]
NEW DELHI:State-owned Indian Bank on Monday increased lending rates, including the marginal cost of funds-based lending rates (MCLR), by up to 25 basis points. The new rates are effective from January 3, Indian Bank said in a regulatory filing. The Asset Liability Management Committee (ALCO) of the bank has reviewed the Marginal Cost of funds […]
GURUGRAM: Haryana urban local bodies (ULB) minister Kamal Gupta on Monday directed officials of the Municipal Corporation of Gurgaon (MCG) to resolve the objections and claims of residents on the newly generated property IDs. The minister said that the objections should be resolved timely so that the residents can deposit their property tax. The meeting […]
NEW DELHI: In view of a spike in air pollution, the Centre’s air quality panel on Friday directed implementation of curbs under stage III of the Graded Response Action Plan (GRAP) in DelhiNCR, including a ban on non-essential construction and demolition work. Delhi’s 24-hour average air quality index stood at 399 on Friday, just two […]
NEW DELHI: Office space absorption across India’s six cities i.e. Bengaluru, Chennai, DelhiNCR, Hyderabad, Mumbai and Pune stood at 54.8 million sq ft, recording a 48.5% increase in 2022, as per data by Savills India, a real estate advisory firm. This was very close to the historic peak of 55.7 million sqft, recorded in 2019, […]
NOIDA: The Uttar Pradesh Real Estate Regulatory Authority (RERA) on Thursday said it disposed of roughly 9,300 consumer complaints in 2022, on an average 25 cases daily. The UP RERA was established in 2017 to regulate the fast-growing real estate sector, bring transparency, protect the interest of homebuyers and ensure speedy resolutions of disputes of […]
GURUGRAM: The department of town and country planning has written to its director general recommending not to renew the licence of any current and future projects of Countrywide Promoters Pvt Ltd, as well as the registration of an FIR against the developer for noncompliance of the conditions of the occupancy certificate. The letter, sent by […]
NOIDA: Call it the twin towers effect and the Supreme Court’s scathing criticism of its role. The Noida Authority is considering bringing a policy next year to slap fines on developers who deviate from approved layout plans and don’t adhere to building regulations. The policy, according to sources, will classify the problems that homebuyers face […]
SINGAPORE: Link Real Estate Investment Trust (REIT) is buying a portfolio of Singapore shopping malls for S$2.16 billion ($1.6 billion) from Mercatus Co-operative in its first foray into the city state, it said on Wednesday. The deal is for the acquisition of suburban retail assets Jurong Point and Swing By @ Thomson Plaza, along with […]
NEW DELHI: Godrej Properties (GPL) has acquired approximately 9 acres of land in Gurugram, Haryana through an outright purchase, the company said in a BSE filing. This project will offer approximately 1.6 million sq ft of premium residential development. The project will have an estimated revenue potential of approximately Rs 2,500 crore. The company recently […]
