The royal family of Travancore has entered into an agreement with Sahana Real Estate & Builders to sell the Travancore House along with a parcel of land that houses the bungalow in central Delhi and a property in Bengaluru for Rs 250 crore, according to a copy of the sale deed seen by ET. The […]
NEW DELHI: Tier-II cities Nagpur, Coimbatore, Bhubaneshwar, Indore and Jaipur are emerging as real estate growth engines, according to a recent report by Magicbricks. The report highlights that Nagpur (49%), Coimbatore (27%), Bhubaneswar (12%) observed the highest year-on-year (YoY) growth for residential searches and Nagpur (84%), Coimbatore (30%), and Indore (6%) exhibited the highest YoY […]
GURUGRAM: Residents of towers G and H of Chintels Paradiso in Sector 109 have demanded that the authorities expedite the structural audit of the two buildings. The district administration has declared Tower D of the society, where two residents died on February 10 this year after a vertical collapse of five living rooms, structurally unfit […]
GURUGRAM: The Haryana Shahari Vikas Pradhikaran (HSVP) and the Gurugram Metropolitan Development Authority (GMDA) have both refused to conduct inspections at newly constructed individual houses in licensed colonies and builder floors for issuing the mandatory public health report required for obtaining the occupation certificate (OC). This has left some 60 house owners in the city […]
GURUGRAM: The department of town and country planning (DTCP) has banned the purchase and sale of properties in a group housing society spread across 11 acres in Sector 90 over violation of licence norms. The department has also issued directions to the tehsildar concerned to not execute any sale deeds in this society. District town […]
GURUGRAM: Homebuyers of Pyramid Urban Homes 2, an affordable housing project in Sector 86, will get a compensation of Rs 50,000 per flat as the developer constructed two additional towers in violation of the approved plan. Terming the two towers illegal, the Haryana Real Estate Regulatory Authority (H-Rera) has directed the developer to refund interest-free […]
NEW DELHI: L&T Realty, the real estate development arm of Larsen and Toubro, and Singapore-listed CapitaLand India Trust Management, trustee-manager of CapitaLand India Trust (CLINT), have entered into a non-binding term sheet for a commercial platform to develop close to six million sq ft of office spaces across Bengaluru, Chennai and Mumbai. Under this platform, […]
NEW DELHI: Prime Minister Narendra Modi on Wednesday inaugurated 3,024 newly constructed flats for the Economically Weaker Sections in Delhi as part of an in-situ slum rehabilitation project. He did the honours at a ceremony here which was also attended by the beneficiaries. Modi handed over the keys of the flats to many of them. […]
NEW DELHI: The Supreme Court on Wednesday reserved its verdict on the issue of sale of unused floor area ratio (FAR) of Amrapali Group of Companies in order to generate funds for its stalled projects. FAR is the ratio of a building’s total floor area (gross floor area) to the size of the piece of […]
GURUGRAM: Three developers who failed to deposit fees for the structural audit of their projects despite repeated reminders are likely to face penal action that may include attachment of their properties. “These three developers were directed to deposit the structural audit fees latest by Monday evening. However, none of them has complied with the directions,” […]
GURUGRAM: Homebuyers of Green View in Sector 37D have written to Union minister of housing and urban affairs Hardeep Singh Puri, seeking directions to the builder, NBCC, to keep paying their rents until a settlement is reached between the two parties. The society was deemed structurally unsafe by the district administration in February this year, […]
GURUGRAM: As the air quality has started deteriorating, MCG has intensified its drive against violations. The civic body issued 22 challans to the tune of Rs 2.25 lakh for Graded Response Action Plan (GRAP) violations on Monday. One challan amounting to Rs 1 lakh was issued on Monday for violating the construction ban. The maximum […]
