GHAZIABAD: The Ghaziabad Development Authority (GDA) board has given its go-ahead for developing a transit-oriented development (TOD) zone along the Regional Rapid Transport System (RRTS) corridor. However, it has scrapped the Vaishali to Mohan Nagar ropeway project. At its meeting in Meerut on Wednesday, the board decided to declare up to 1.5km on both sides […]
GURUGRAM: Homebuyers of Expressway Tower have demanded a structural and forensic audit of the Sector 109 affordable housing project, prompting the department of town and country planning (DTCP) to call a meeting of the developer and the investors on December 6 to discuss the issues. Even when there has been no work at the site […]
GURUGRAM: People who own residential, commercial and institutional buildings without getting a valid occupation certificate (OC) from HSVP have one last chance to apply for it. They can apply for an OC before December 31, officials said. According to HSVP, they have found that a considerable number of residential, commercial and institutional properties have been […]
NOIDA: The Noida Authority on Monday started issuing notices to real estate developers for failing to pay land dues. The move follows a recent Supreme Court order, which cleared the decks for the Authority to recover their dues from builders at the interest rate decided while executing the lease deed. Officials said that over the […]
GURUGRAM: MCG has prepared estimates to complete deficient infrastructure in four of the eight private colonies it took over five months ago. It has made the estimates after a fresh survey done on the ground after the takeover, which will now be sent to the state government for final approval. Officials said the highest estimate […]
Ameera Sushil Shah, Managing Director of Metropolis Lab has bought a 9896 square feet bungalow at Delhi’s Sunder Nagar for Rs 64 crore. According to documents accessed by CRE Matrix, a real estate data analytics firm, Star hotel PVR Ltd has sold the bungalow and property has been registered on October 31. Sunder Nagar has […]
NEW DELHI: Real estate developers are aggressively looking to expand their business with revival in demand, resulting in a sharp rise in the number of land deals which jumped over threefold to 68 across eight major cities during January-September this year, according to property consultant Anarock. Anarock has compiled the land transactions, which include both […]
GURUGRAM: The National Green Tribunal (NGT) has ordered a private company to pay compensation of Rs 10 crore for illegally felling 500 trees on five acres of protected Aravali land in Faridabad, fixing the rate of compensation at Rs 2 lakh per tree. This is by far the highest for such a violation, according to […]
GURUGRAM: The Real Estate Regulatory Authority (RERA) in Haryana’s Gurugram has awarded 60 days’ civil imprisonment to ILD builder Salman Akbar in a contempt case. Adjudicating officer (AO) Rajender Kumar pronounced the sentence in the matter of Garima Gupta vs ILD Millennium Private Limited. “You are hereby authorised to detain Salman Akbar in civil imprisonment […]
NEW DELHI: Global investment firm Blackstone-sponsored Nexus Select Trust filed the draft paper with market regulator SEBI on Thursday to launch India’s first public issue of retail REIT to raise around USD 500 million, sources said. Nexus Select Trust has a portfolio of 17 operational shopping malls across 14 major cities, covering about 10 million […]
GURUGRAM: The town and country planning department (DTCP) has decided to allow empanelled architects to issue occupancy certificates (OCs) for plotted houses in licenced colonies. The move is aimed at expediting the process of obtaining an OC and making it simpler for the house owner. But it has also sparked concerns about architects being manipulated […]
NEW DELHI: The National Green Tribunal has directed the authorities to seal all illegal commercial borewells in Noida. The tribunal has also directed the builders or project proponents to pay interim compensation — at least 0.5% of their project cost. The green panel was hearing a petition regarding the illegal extraction of groundwater by 40 […]
