GURUGRAM: In a major relief for property owners and home developers, the department of town and country planning (DTCP) has approved an increase in ground coverage for plots to curb building norm violations. With the increase in ground coverage, plot owners will be able to construct lifts, staircases and cut-outs without compromising the floor area […]
NEW DELHI: Realty firm Embassy Group on Wednesday said it has partnered with SAS Infra to develop three premium office projects encompassing 14 million square feet in Hyderabad. “Embassy’s decision to re-enter Hyderabad marks growing confidence in its real estate landscape, buoyed by record hiring, major expansion plans by global IT, ITeS and BFSI firms […]
Haryana Real Estate Regulatory Authority (HaRERA) will come up with a detailed guideline for handing over of projects to RWAs, formation of RWAs and obligation of builders. The authority in partnership with other departments is organising a conclave on RWAs to make them aware of the existing Act. “Lack of knowledge of provisions related to […]
NEW DELHI: Realty firm Omaxe on Tuesday said it has raised Rs 440 crore from Varde Partners to expedite construction of its existing projects as well as expand business. Omaxe Group is developing integrated townships in New Chandigarh, Lucknow, Ludhiana, Indore and Faridabad. It is also developing a multilevel parking cum commercial project in PPP […]
GURUGRAM: The municipal corporation of Gurgaon (MCG) constituted ward-wise teams to start surveying unauthorised residential colonies falling in the civic body’s jurisdiction. If the colonies meet the criteria set by the government, they will be covered under the regularisation policy. Each team comprises junior engineers and patwaris, who will cover 60 unauthorised colonies. The teams […]
NCR-based real estate developers have hiked house prices by up to 10% and expect more escalation soon as global supply chain disruptions have led to a significant increase in raw material prices. Prices of building materials like cement and steel have jumped over 20% annually as of March 2022. The developers had been absorbing the […]
GURUGRAM: The district administration and town and country planning department (DTCP) have finalised the structural engineer and the agency for valuation of flats at Tower D of Chintels Paradiso where a vertical collapse of five living rooms led to the death of two residents. The audit is likely to begin next week as the order […]
IT services company Mindtree has pre-leased 600,000 square feet office space in parent Larsen & Toubro’s upcoming IT park in Chennai. The over 10-year lease deal is for L&T Innovation Campus, a mixed-use development sprawling over 40 acres, two people aware of the deal said. “The deal was signed in the first quarter of 2021. […]
GHAZIABAD: Residents of Savy Ville De in Rajnagar Extension have got a breather from the district administration, which has given them 15 days to move a higher court against imminent eviction from their flats. TOI had reported last week that 42 families in the condominium feared being evicted after recently coming to know of a […]
Realty developer Lodha Group, listed at Macrotech Developers, has sold 1.62 lakh sq. ft. office space spread across five floors in its commercial project Lodha iThink in Kolshet locality of Thane to another property development and investment company National Realty for Rs 188 crore. The local developer has bought the office space on 6th, 10th, […]
GURUGRAM: The MCG on Friday directed the developer of DLF licensed colonies to use only recycled water for construction activities in an attempt to tackle water shortage in the area. Potable water, according to the civic body, is being used for construction activities going on in DLF colonies and other areas in the city. An […]
NEW DELHI: The Delhi Development Authority (DDA) has digitised 1,500 layout plans covering planned areas of the national capital and made them available on a GIS platform for use by general public, the land-owning agency said in a statement issued on Thursday. Listing the initiatives taken under the digital transformational plan, the DDA said land […]
