GURUGRAM: Having worked in Gurugram as assistant town planner for nearly six years, the new district town planner (enforcement), Amit Madholia, is well aware of all the key issues in the district. But after taking charge on Tuesday, he said that preventing development of illegal colonies and stopping unauthorised construction would be his top priorities. […]
GURUGRAM: MCG will soon hold camps across the city on a daily basis for rectifying discrepancies in the new property IDs. The decision was taken at the MCG House meeting on Monday after many councillors alleged that the representatives of the private agency contracted for carrying out the property tax survey in Gurgaon have been […]
Think and Learn, popularly known as Byju’s, has leased a 5.5 lakh sq. ft. office property at Kalyani TechPark, Bangalore, offering to pay about Rs 95 per sq. ft. Byju’s investors include the Chan-Zuckerberg Initiative and Sequoia Capital. The agreement has an escalation clause of 5% yearly on the previous year’s rent, said Propstack, a […]
IndiQube, a tech-enabled, integrated workspace start-up has leased around one lakh sq. ft. of office space in Guindy, Chennai from Ocean Lifespaces. The property has been leased for a period of nine years and is expected to be operational by the Q3 of CY22. “We see an immense potential in Chennai especially in micro markets […]
NEW DELHI: The government Friday said 122.69 lakh houses have so far been sanctioned under the Pradhan Mantri Awas Yojana (Urban) as the initiative celebrated the seventh anniversary. In a statement, the Union Housing and Urban Affairs Ministry said that more than 1 crore houses have been grounded and over 61 lakh houses completed and […]
GURUGRAM: The MCG will take a decision on regularising 24 illegal colonies in its upcoming meeting on June 27. Out of 24 colonies, six are in Badshapur, five in Choma, four in Bhondsi and two in Sarai Alawardi. The biggest of these 24 illegal colonies is New Palam Vihar Colony Pocket 1 and 2 which […]
The National Consumer Disputes Redressal Commission (NCDRC) has ordered realty developer M3M to halt the construction of one of the residential towers of M3M Merlin project in Gurugram as the building was not included in the initial layout plan. A complaint was filed by around 300 homebuyers with NCDRC. The complaint was filed by those […]
NEW DELHI: Realty firm Supertech Ltd on Wednesday said it plans to raise about Rs 300 crore to expedite construction activities at its ongoing projects across the Delhi-NCR market. In a statement, Supertech said it has “resumed construction in full swing” at all its projects after the orders of the National Company Law Appellate Tribunal […]
GURUGRAM: Residents of Ansal Esencia in Sector 67 met H-Rera officials on Wednesday and sought their intervention for completing deficient infrastructure in the colony. Following this, the real estate watchdog directed the developer to ensure that the necessary infrastructure is built soon. They also warned of legal consequences if any violations of the direction are […]
NOIDA: Owners of farmhouses in Sector 135 have started filing their objections to the Noida Authority’s decision to demolish these structures on the ground that they have been built on the Yamuna and Hindon floodplains. The owners cited various high court orders and rules to drive home the point that these farmhouses were not illegal. […]
NEW DELHI: Venture X, an affiliated brand of United Franchise GroupTM’s (UFG) co-working division-CoworksTM, has entered Indian co-working sector through franchise based model and plans to invest $2-3 million by 2023. The company so far has invested approximately $5 million in the Indian market. “Post the pandemic, flexible office spaces are very much in demand […]
GURUGRAM: The town and country planning department (DTCP) is in the process of hiring a private agency to prepare a status report of the Mahira Homes affordable housing project, whose licence was recently cancelled, before its takeover. DTCP is poised to take charge of the project in Sector 68 after the builder’s licence was cancelled […]
