GURUGRAM: DHBVN has finally started releasing new electricity connections to Vipul World, a housing society on Sohna road in Sector 48, with the developer handing over the required bank guarantee of Rs 10 crore and land to the power discom for the construction of a 33 KV substation. On Monday, three flats in the society […]
NEW DELHI: Delhi environment minister Gopal Rai on Sunday said the city government has set up 586 teams to ensure strict implementation of the ban on construction and demolition activities in the national capital in view of worsening air quality. Addressing a press conference, Rai said that as per experts, wind speed and direction would […]
GURUGRAM: Despite the ban on construction activities under the GRAP-3 regulations implemented by CAQM on Saturday with an immediate effect, the first day saw a very subdued effect of restrictions. While major road construction activities were put on halt, private construction activities continued unabated. Spot visits to multiple locations such as Sector 7, Sadar Bazaar, […]
NOIDA: The Noida Authority has allowed Wave Group to register around 300 properties in its Megacity Centre project after the company cleared Rs 16 crore in lease dues earlier this month. The properties include both commercial and residential units, a Wave Group official said. “Wave Group is committed to fulfilling its commitment to homebuyers. The […]
NEW DELHI: Sebi on Friday extended the time till November 9 to auction the properties of Saradha Group of Companies to recover money that was illegally raised by them. Earlier, the auction was scheduled for November 1. However, considering the interests of the bidders seeking more time to submit the EMD (Earnest Money Deposit) due […]
GURUGRAM: Notwithstanding an order from the district court of Gurgaon, directions from a committee formed by the Gurgaon administration and DHBVN, the developer of Pivotal Devaan continues to “deny” electricity supply to more than 550 residents of the residential society in Sector 84. Residents claimed that they have been without electricity since Tuesday as the […]
India’s state-sponsored bad bank is set to make its first distressed-debt acquisition since its formation a year ago. The National Asset Reconstruction Co (NARCL) emerged as the winning bidder for the debt of Jaypee Infratech at Thursday’s Swiss challenge auction after lenders failed to draw counterbids, two people aware of the development told ET. Lenders […]
Gurgaon’s Golf Course Road (GCR) Extension and Sectors 128-135 on the Noida Expressway are emerging as the preferred NCR micro markets for developers for both residential and commercial projects, with even non-locals looking to acquire land in these two areas. While M3M has multiple projects on Gurgaon’s Golf Course Road Extension, DLF is also likely […]
NOIDA: The Noida Authority has initiated an inquiry into 14 applications that have quoted up to 110 times the base price in an e-auction for a scheme on residential plots last week. Officials said on Tuesday that the applicants had either filled in the quotations by mistake, or they were trying to influence the auction. […]
NOIDA: The Allahabad high court on Thursday extended the stay on the anti-encroachment drive in Grand Omaxe housing society in Noida’s Sector 93B till November 1, the next date of hearing in the case. A two-judge bench of justices Manoj Kumar Gupta and Jayant Banerji also summoned the developer of the highrise to the next […]
NEW DELHI: Motilal Oswal has invested a sum of Rs 260 crore in Urbanrise – Alliance Group for the company’s upcoming three projects in Bengaluru and Hyderabad, the company said in a media release. Manoj Namburu, chairman and managing director of Urbanrise and Alliance Group, said, “Financial discipline has always been the DNA of our […]
GURUGRAM: MCG commissioner Mukesh Kumar Ahuja has directed officials to ensure that all construction sites in the city adopt a dust mitigation mechanism and register on the state dust control portal if their area is more than 500 square metres (sqm). The move comes in the wake of the deterioration of the city’s air quality. […]
