GURUGRAM: The district forest department of Faridabad will soon serve show-cause notices to 62 farmhouse owners for illegal construction in Anangpur and Mangar areas of the Aravalis. The owners will be asked to reply within a week, officials from the department said. The notices will be served this week as per the directions of National […]
GURUGRAM: Residents of Emaar Gurgaon Greens in Sector 102 met deputy commissioner Amit Khatri on Tuesday and demanded rollback of the proposed hike in common area maintenance (CAM) rate. They have sought reduction of the current CAM rate from Rs 3.65 per sq ft to Rs 2. The residents said they are already paying very […]
NOIDA: In dire need of funds, Noida Metro Rail Corporation has decided to monetise one of its prime assets in order to raise capital required for future expansion. The joint venture company formed to operate the Aqua Line (Noida–Greater Noida metro) has asked the Noida Authority to auction a commercial plot in Sector 94 and […]
NEW DELHI: Godrej Properties has acquired 43.61 acres (17.65 hectares) land parcel from BPTP in Faridabad. The project will have plotted development potential of about 1 million sq ft This is company’s first plotted development project in the National Capital Region (NCR). Godrej Properties had recently said that they will acquire 26.58 acres land in […]
NEW DELHI: Real estate brokers in Gurgaon are planning to challenge in court a directive issued by the HaryanaReal Estate Regulatory Authority (RERA) capping the brokerage on real estate transactions at a maximum of 1%, a move that may have far reaching consequences for the broker community. Haryana RERA, in a directive last week, had […]
Blackstone Group is scaling up Nucleus Office Parks, an entity that houses commercial properties fully owned by the group, in a bid to own 24.5 mn sft of office parks by the year end, a senior official told ET. Half Blackstone Group’s portfolio is in Southern India. “Nucleus will expand its capability in terms of […]
GURUGRAM: Four condominiums in Gurgaon and two in Faridabad are likely to face outages from Tuesday, when the sanction to use diesel generator (DG) sets from the now-defunct EPCA lapses. The Graded Response Action Plan (GRAP), put in place by the SC-appointed Environment Pollution (Prevention & Control) Authority to tackle air pollution during winter, had […]
As fractional real estate investing gains momentum during the Covid-19 pandemic, the tech-based real estate investment platforms promoting the concept are set to raise additional funds to invest in multiple grade A commercial assets across Mumbai, NCR and Bengaluru. Hbits, which invests money raised from individuals to commercial assets, said that it is in the […]
GURUGRAM: The Haryana government is preparing a policy for division of plots measuring more than 200 sq yards, chief minister Manohar Lal Khattar said on Saturday. The policy, he said, would be tabled in the next cabinet meeting. Khattar said it had been decided that the sizes of plots to be divided should be more […]
Money received by property owner from the tenant after termination of a lease agreement either as part of compensation, damages or ‘mesne’ profits should be treated as his income and subjected to tax, a Delhi High Court has ruled. As per the detail of the case a property owner had entered into an agreement with […]
GURUGRAM: The forest department of Faridabad has issued show-cause notices to 23 farmhouse owners for illegal construction in the Mewla Maharajpur area of the Aravali on Friday. The notices were served as per the directions of National Green Tribunal (NGT) to restore forests in the Aravalis. The owners have been asked to reply within 10 […]
GURUGRAM: Haryana chief minister Manohar Lal Khattar on Saturday directed the department of town and country planning (DTCP) to immediately operationalise the firefighting system in Sare Homes, a housing society in Sector 92, and recover the cost of the same from the assets of the builder. The direction came during the grievance committee meeting chaired […]
