NEW DELHI: CapitaLand Investment’s (CLI) wholly-owned subsidiary Ascendas India Development VII and its joint venture partner Maharashtra Industrial Development Corporation (MIDC) have entered into separate agreements with CapitaLand India Trust (CLINT) to divest their respective 78.5% and 21.5% shareholding in Ascendas IT Park (Pune) to CLINT for approximately Rs 13.5 billion (Singapore $221.9 million), both […]
The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has authorized the promoter of Elegant Splendour to complete the remaining construction work under section 8 of RERA Act. With the consent of more than 50% allottees, the authority facilitated rehabilitation of 15th stuck project for completion to protect interest of allottees and with this 211 […]
Apple India has renewed its lease for 52,000 sq ft office space with the flexible office operator, The Executive Centre in Bangalore. The lease has been renewed for 36 months starting July this year and has a lock-in period of 16 months, as mentioned in a sales deed shared by the analytic firm Propstack. “This […]
NOIDA: The Noida Authority has issued a notice to real estate developer DLF to pay Rs 235 crore as compensation to the previous owner of the land on which the Mall of India has been built, a senior official said Monday. The DLF, however, said it was yet to receive the communication. The development comes […]
NOIDA: Buyers of UpCountry project in Yamuna Expressway’s Sector 17A have alleged that the developer is passing on YEIDA’s land dues of Rs 90 crore to them. For a 100 sqm plot, the developer has issued a demand letter of over Rs 9 lakh — that includes extra land acquisition compensation, lease rent, stamp duty […]
GURUGRAM: The Haryana State Pollution Control Board (HSPCB) has ordered that all constructions in Malibu Towne, a residential society across 225 acres in Sector 47, be stopped with “immediate effect” over lack of environmental clearances. The closure notice will not affect the 2,500 families living in the society. However, plans to invest in a flat […]
ASK Property Fund, the real estate private equity arm of the ASK Group, has exited Eldeco group’s project Eldeco Centre in Delhi. The fund that had invested Rs 120 crore and has achieved an internal rate of return of 21%. The project is a commercial development comprising of retail and office spaces in South Delhi. […]
GURUGRAM: Occupying more than 100 acres of land in prime sectors of the city, around 1,400 illegal guesthouses are doing big business round the year. A survey by the department of town and country planning (DTCP) has found that a total of 2,080 guesthouses, both legal and unauthorised, are operating within the city limits. In […]
GURUGRAM: The Haryana Housing Board has decided to construct houses for people from the economically weaker sections (EWS) in Sector 9 on HSVP land. The proposed houses will be allotted to below poverty line (BPL) families and beneficiaries will be identified through Parivar Pehchan Patra (PPP), housing board officials said. Urban Local Bodies minister Kamal […]
NEW DELHI: Mahindra Lifespace Developers (Mahindra Lifespaces) has completed the acquisition of freehold land admeasuring approximately 9.24 acres situated in Village Akurli, Kandivali East, Mumbai from Mahindra and Mahindra (M&M), promoter of the company, the company said in a BSE filing. Total consideration for the transaction is Rs 365 crore to be paid in tranches […]
GURUGRAM: Occupying more than 100 acres of land in prime sectors of the city, around 1,400 illegal guesthouses are doing big business round the year. A survey by the department of town and country planning (DTCP) has found that a total of 2,080 guesthouses, both legal and unauthorised, are operating within the city limits. In […]
GURUGRAM: Five farmhouses over four acres of Aravali land were razed by the Haryana forest department in Gwalpahari on Tuesday – in line with directions of the National Green Tribunal (NGT) to demolish all illegal structures in areas that fall under sections 4 and 5 of the Punjab Land Protection Act (PLPA). Non-forest activities are […]
