GURUGRAM: Several residential colonies are facing power woes as 16 developers have failed to clear dues of over Rs 317 crore for creating infrastructure for the hassle-free electricity supply to thousands of families. The developers of these residential colonies, where around 40,000 people live at present, have failed to set up around 20 sub-stations, required […]
NEW DELHI: Macrotech Developers (also known as Lodha Developers) has raised Rs 740 crore from 14 anchor investors, the company said in a media release. The company informed the bourses that it has allocated 1.52 crore shares at Rs 486 per share on April 6, 2021 to anchor investors. Twelve foreign portfolio investors who participated […]
NEW DELHI: The Rs 2,500 crore initial public offer of Macrotech Developers, erstwhile known as Lodha developers, was subscribed 26per cent on the first day of the bidding on Wednesday. Interestingly, qualified institutional buyers (QIBs), who usually bid on the last day of the process, came in hordes to apply for the shares. The quota […]
NOIDA: At its board meeting on April 9, the Noida Authority will put forth a proposal on accepting dues at a lower interest rate from developers to clear the logjam over registries. The developers will, however, be asked to give an affidavit declaring they will abide by the Supreme Court’s final decision on the matter, […]
The Yamuna Expressway Industrial Development Authority (Yeida) has received 20,000 applications for 550 residential plots and 4,200 applications for nearly 400 industrial plots of different categories as it pushes for development around the upcoming Noida International Airport. The authority will allot the plots through a lucky draw and is expected to generate revenue of about […]
NEW DELHI: As many flats have so far been constructed in Amrapali’s various housing projects under the supervision of the Supreme Court and are ready to be handed over, the court on Monday agreed to examine the demand of home-buyers for compensation for delay in getting possession. The court, however, made it clear that no […]
NEW DELHI: North Delhi Municipal Corporation has proposed to increase the height limit for residential plotted buildings by 2.5m under the new norms being formulated for Master Plan of Delhi 2041 so that five-storey structures can come up. Mayor Jai Prakash has made this proposal to lieutenant governor Anil Baijal, who heads the advisory council […]
Real estate developers are stepping up existing precautionary measures to comply with Maharashtra government’s partial lockdown directives to ensure safety of construction workers at their sites. Some developers have already been making efforts to vaccinate workers, provide food and shelter at the site itself and also make arrangements for the workers’ families by providing a […]
GURUGRAM: After carrying out a series of sealing and demolition drives across the city, the enforcement wing of town and country planning department (DTCP) is still struggling to check building violations in upscale residential colonies. On Sunday, the enforcement team led by junior engineers conducted a survey in DLF 1 and DLF 5 and identified […]
NEW DELHI: Fractional real estate investment platform hBits has exited from its first asset giving its 21 investors an IRR of 17.54 per cent, Shiv Parekh, founder of hBits told ET. The company has sold the 5,900 sq ft of prime office space in Mumbai at Rs 8 crore. The company is in talk to […]
NEW DELHI: East Delhi Municipal Corporation has decided to completely move to an online mode of property tax collection. A notification issued by the civic body states that property tax returns will now be accepted only through online mode. Filing of returns manually has been discontinued. The order issued by the accessor and collector office […]
GURUGRAM: The department of town and country planning (DTCP) has issued notices to around 100 plot owners in DLF-5 for unauthorised construction in violation of building norms. The notices were issued after a detailed survey carried by the department, in which it found that several owners have made changes and carried out additional construction after […]
