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Over 350 families don’t want to give land for Noida airport Phase 2

NOIDA: Over 350 families of Nangla Hukum Singh in Karauli Bangar village in Jewar have said they will not allow the UP government to displace them for land acquisition for the second phase of Noida airport. The villagers have decided not to take the compensation that is being offered by the government and vowed to […]

Delhi civic body attaches three commercial properties in west zone over tax default

NEW DELHI: The Municipal Corporation of Delhi (MCD) has attached three commercial properties in its west zone for defaulting on property tax, an official statement said on Thursday. “Sufficient opportunity” was given to these property owners to pay the tax, but they did not heed to the show-cause notices, it said. Two properties — Anand […]

Office space demand recovery gets broad-based as small, mid-sized deals pick up

The recovery in commercial real estate, especially office spaces, after the Covid-19 pandemic is getting broad-based as indicated by the rising number of small and mid-size leases and outright transactions across segments and key property markets. Listed Real Estate Investment Trusts (REITS) and realty developers with sizable office real estate portfolios have started witnessing increase […]

One of Supertech twin towers fully rigged with explosives, work in full swing on other

NOIDA: One of the Supertech’s illegal twin towers in Noida has been fully rigged with explosives, as the charging process continued in full swing on Thursday, officials said. The nearly 100-metre tall structures are scheduled for demolition at 2.30 pm on August 28 in pursuance of a Supreme Court order that found the twin towers […]

Delhi civic body attaches three commercial properties in west zone over tax default

NEW DELHI: The Municipal Corporation of Delhi (MCD) has attached three commercial properties in its west zone for defaulting on property tax, an official statement said on Thursday. “Sufficient opportunity” was given to these property owners to pay the tax, but they did not heed to the show-cause notices, it said. Two properties — Anand […]

DDA plans ‘mini draw’ of lots for waitlisted applicants of housing scheme 2021 in Sept

NEW DELHI: The DDA is planning a “mini draw” of lots for waitlisted applicants of its Special Housing Scheme 2021 in September, officials said on Tuesday. The Delhi Development Authority in December last year had launched the new special housing scheme with a little over 18,000 flats on offer, all units being drawn from its […]

Gurugram: Five flats built illegally at Aloha’s stilt area razed

GURUGRAM: The department of town and country planning (DTCP) demolished five residential units on Wednesday in a highrise society in Sector 57. These flats were constructed in the stilt area of three towers – B4, B5 and D6 – in Aloha without mandatory approvals from the competent authority and building plan, officials said. District town […]

Ingka Centre to invest Rs 7,245 crore to open city centres at Gurugram & Noida

GURUGRAM: Ingka Centres, part of Ikea’s retail operator Ingka Group, on Tuesday said it will invest 900 million euros (nearly Rs 7,245 crore) in India to set up two centres for business, meetings and shopping over the next few years. According to a top company official, Ingka Group (which also includes IKEA Retail and Ingka […]

DDA plans ‘mini draw’ of lots for waitlisted applicants of housing scheme 2021 in Sept

NEW DELHI: The DDA is planning a “mini draw” of lots for waitlisted applicants of its Special Housing Scheme 2021 in September, officials said on Tuesday. The Delhi Development Authority in December last year had launched the new special housing scheme with a little over 18,000 flats on offer, all units being drawn from its […]

Hines forays into Mumbai; to develop nine lakh sq ft office building in tie up with local player

NEW DELHI: US-based real estate investment firm Hines Ltd has forayed into the Mumbai market and will develop an office building comprising 9 lakh square feet of leasable area. In India, Hines has completed two commercial projects — ‘One Horizon Center’ and ‘Skyview Corporate’ — in Gurugram comprising 1.4 million square feet. The company has […]

Over 700 flats in Delhi’s Kathputli Colony to be handed over soon

NEW DELHI: The beneficiaries of Kathputli colony in-situ slum redevelopment project on Monday celebrated the 75th anniversary of the country’s independence with joy and fervour. On the occasion, the multi-storied apartments, which will be handed over to the beneficiaries soon, were lit in tricolour as part of the ‘Har Ghar Tiranga’ initiative. Nearly 2,800 families […]

Elan Group buys 7.65 acre land in Gurugram from Ambience group for over Rs 200 crore

NEW DELHI: Realty firm Elan Group has acquired 7.65-acre land from Ambience group in Gurugram for over Rs 200 crore to develop a commercial project as part of its expansion plan, according to sources. The company will develop about one million square feet area on this land parcel — located at Sector 82 in Gurugram […]

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