The government is planning to set up a committee to assess various aspects of several stalled housing projects across the country that were launched before the enactment of Real Estate (Regulation & Development) Act, 2016 (RERA). The committee will provide a resolution and propose a future course of action to ensure that homebuyers get delivery […]
GURUGRAM: The deadline for the takeover of DLF-1, 2 and 3 has yet again been extended — this time, to May 31. But before that, the developer wants the residents of the three licenced colonies to clear the outstanding maintenance charges of Rs 70 crore, TOI has learnt. The decision to extend the takeover deadline […]
Landlords across malls and high streets are increasing rentals by 15-25% after a two-year hiatus when retailers either got significant discounts or converted minimum guarantee agreements into revenue-sharing due to falling footfalls amid Covid-19 and various restrictions. Several retailers saved nearly 20% of their annual lease during the last two years due to rent concessions, […]
NEW DELHI: Credit rating agency ICRA on Monday said it expects the outlook for commercial real estate segment to remain stable during the current fiscal year. “ICRA expects the outlook of commercial real estate, both of the office segment and the retail malls segment to be stable for FY2023. The revision in the outlook for […]
The Municipal Corporation of Gurgaon (MCG) is in the dock for not taking any action against the commercial complex on Mehrauli-Gurgaon road for illegal construction, despite the order of the High Court. The residents welfare association of the complex is now planning to move the HC again for contempt of its order by the MCG. […]
NEW DELHI: The office sector in India continued to witness a robust recovery in Q1 2022, as leasing activity grew by 97% year-on-year to touch 11.4 million sq. ft, according to report by CBRE South Asia, a real estate consulting firm. Bengaluru, Chennai and Delhi-NCR dominated absorption during the quarter, accounting for almost two-thirds of […]
GURUGRAM: The 18.9km-long stretch of the Dwarka Expressway in Gurugram from Kherki Daula to Bajghera is likely to be opened to commuters by the end of the year, with officials from the National Highways Authority of India (NHAI) revealing on Sunday that December 2022 is the latest deadline for the Gurugram portion of the project. […]
GURUGRAM: As many as 100 villages in Gurgaon have been declared “Lal Dora-free” and the district administration is going to distribute nearly 20,000 property documents to residents in these villages in the next week. Lal Dora means red thread. Lal Dora land refers to population land that does not fall under the purview of the […]
Vacancies in grade A office space markets across the top six cities remained stable for the first time after two years of constant increase in the first quarter ended March at 18.5% with companies reviving expansion plans and employees returning to work. Office vacancy had been increasing by around 2% every successive quarter since the […]
Godrej Properties, real estate development arm of the Godrej Group, has extended its existing arrangements with Mumbai-based property developer Shivam Realty to develop a residential group housing project, off Akurli crossroad at Hanuman Nagar of Mumbai’s Kandivali suburb. This project is an extension of Godrej Tranquil and Godrej Nest and will offer around 7 lakh […]
NOIDA: Residents of Emerald Court and the societies around it in Sector 93A have been asked to stay indoors for half an hour from 2.15pm on Sunday, when a test blast would be carried out on the twin towers. Traffic on the approach road will come to a halt, vehicles will be moved out and […]
NEW DELHI: The gross leasing of office space in Delhi-NCR market jumped more than 2.5 times to 1.8 million square feet during January-March on improved demand from corporates and co-working operators, according to Colliers. Office leasing stood at 7,00,000 square feet in the January-March period of last year. The new supply of office space fell […]
