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DLF mulls auction bid for Ambience Mall with base price of $366 million: Sources

NEW DELHI: India’s biggest real estate developer DLF is evaluating a bid for a prominent New Delhi shopping mall which has a starting auction price of $366 million, according to two sources and a public notice seen by Reuters. The 1.2 million square feet “Ambience Mall” in the posh southern district of India’s capital has […]

Gurugram: Panel for structural audit of 18 societies finalised

GURUGRAM: The department of town and country planning ((DTCP) along with district administration has finalised the panel of four agencies for carrying out structural audits of 18 residential societies where residents allege serious flaws in construction quality. Members of the panel include Bureau Vertias, TPC Technical projects Consultants, Vintech Consultants and NNC Design International. Deputy […]

Gurugram: Four-member panel to probe into death of labourers after fall from crane

GURUGRAM: The administration here has formed a four-member committee headed by an SDM to enquire into the death of four labourers who fell off a crane during construction work at a residential society in Sector 77, a senior official said on Wednesday. The committee will enquire into the causes behind the incident and fix the […]

Noida Expressway to shut for 30 minutes on Supertech twin towers demolition day

NOIDA: The Noida Expressway will close for traffic for at least half an hour on the day the Supertech twin towers on the Emerald Court compoound in Sector 93A are demolished. Traffic will be stopped at both ends of the expressway 15 minutes before the demolition and for the duration it takes for the dust […]

Flexible workspace providers hiking rentals by up to 15%

Flexible workspace providers have raised their rentals by up to 15% due to higher demand from corporates and a spike in raw materials prices that led to escalation in fit-out costs, multiple operators told ET. Most operators are reporting more than 90% occupancy, with no space available for immediate lease. “With a surge in demand […]

Noida: ‘Charging’ of Supertech twin towers on hold as CBRI studies reports

NOIDA: The charging of the twin towers – the process to rig them with explosives before they are brought down, which was to begin Tuesday – has been postponed. Edifice Engineering, the company in charge of the demolition, is waiting for clearances from the Central Building Research Institute (CBRI), which has asked for details of […]

Gurugram: Builder to stop DG backup, Chintels Paradiso residents fret

GURUGRAM: Residents of Chintels Paradiso — where a cave-in of flats killed two residents on February 10 — are at their wits’ end as the developer has decided to discontinue the use of diesel generator sets for the housing society’s power backup. Department of Town and Country Planning has asked 22 developers, including Chintels, to […]

Faridabad civic body closes gate of society with 3,000 flats, says it is built built on govt’s land

GURUGRAM: Residents of Charmwood Village society at Gurugram-Faridabad border, which is spread over 30 acres of land with 3,000 apartments, four schools, one hospital, and several clinics and markets, are now confined to using only one gate for entry and exit. This is because the Municipal Corporation of Faridabad (MCF) has sealed one of the […]

Supertech twin towers to be ‘charged’ from tomorrow, site to turn into fortress

NOIDA: The process to “charge” the twin towers — placing explosives in holes drilled in columns and sheer walls — will begin from Tuesday. A high-level meeting of senior police officers, officials of Edifice Engineering and representatives of other stakeholders will take place on Monday to discuss the deployment of cops and other security arrangements […]

315Work Avenue lease out 22,000 sq ft co-working space to MoEngage

NEW DELHI: 315Work Avenue, a co-working space provider, has leased out 22,000 sq ft office space to MoEngage, an insights-led customer engagement platform, in Koramangala, Bengaluru. This office space has seating capacity of 450. Manas Mehrotra, founder of the company said, “Co-working space segment has also emerged as the fastest-growing asset class within the office […]

Delhi government may soon bring proposal to hike circle rates by up to 30%

NEW DELHI: The Delhi government may soon bring a proposal to hike the circle rate back to the drawing board. In a recent meeting to review the functioning of the revenue department, the lieutenant governor asked the divisional commissioner to make a detailed presentation on the “revision of circle rates” along with the reports of […]

Gurugram: Panel to conduct structural audit of 60 high-rises yet to be constituted

GURUGRAM: Residents of 60 highrise societies located along the Dwarka Expressway and Southern Peripheral Road will have to wait for more time for the structural audit of their projects as the district administration is yet to constitute a panel of experts for the same. The deadline for the panel’s formation lapsed on July 20. Soon […]

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