GREATER NOIDA: The Greater Noida Industrial Development Authority (GNIDA) on Friday helda draw for 83 industrial plots, for which the number of applications was as high as 17 times.Officials said there were 1,450 applications for the plots, which ranged from 450 to 2,000sqm.More than 1,350 of these applicants opted for a one-time payment, the officials […]
Smartworks has leased 450,000 square feet office space in Hyderabad, in one of thelargest commercial real estate leasing deals in the country.The office space, located in K Raheja Corp’s Mindspace IT park, has a lock-in period of fiveyears, with the lease spread over 10 years.“The deal was closed in the last quarter and the property […]
CHANDIGARH: Haryana Urban Local Bodies Minister Anil Vij on Tuesday said the state government has decided to give one-time waiver on payment of interest of pending property tax from 2010-11 to 2020-21 till March 31, 2022. This decision will benefit about 18.80 lakh property tax payers of the state which includes residential, commercial, industrial institutions, […]
The Ghaziabad Development Authority (GDA) has forwarded a formal proposal of the urban passenger ropeway project in Ghaziabad to the ministry of road transport and highways (Morth) for approval while the permission for the project at the local-level will be sought in the authority’s board meeting scheduled on January 7, said officials in the know […]
GURUGRAM: The department of town and country planning (DTCP) will carry out inspections ofguesthouses in the city to find out if they are running with valid documents and are following thegovernment’s guidelines. Action will be taken against the facilities found operating illegally.Deputy commissioner Yash Garg held a task force meeting on Tuesday and discussed issuesrelated […]
NEW DELHI: In a one-time offer, South Delhi Municipal Corporation will regularise theunauthorised constructions done by shops in many markets at a fixed charge and make theproperty freehold for them.This will generate good revenue for the civic body and allow shopkeepers to have a clear title ofthe commercial property that will reduce their unnecessary harassment, […]
NEW DELHI: The National Green Tribunal has rapped the New Okhla Industrial Development Authority (NOIDA) for issuing partial occupancy certificates to builders to sell flats without functional sewage treatment plants, and asked the Enforcement Directorate to act against the realestate developers for committing offences under the Air and Water Acts. A bench headed by NGT […]
GURUGRAM: Two illegal colonies developed illegally on a five-acre plot in Mahendrawara and one-acre land in Bhondsi were demolished by the enforcement wing of town and country planning department (DTCP) on Tuesday. The district town planner had earlier issued showcause notices to builders of these illegal colonies, but the construction was being carried out. The […]
GURUGRAM: Come January and the Haryana State Pollution Control Board (HSPCB) will rollout a web portal to analyse per hour air quality data from construction and demolition (C&D)sites across the state. The portal, with video fencing with remote connectivity and a livedashboard for easy monitoring, will be operational within a week, said HSPCB secretary SNarayana.The […]
GREATER NOIDA: The Greater Noida Industrial Development Authority (GNIDA) on Friday helda draw for 83 industrial plots, for which the number of applications was as high as 17 times.Officials said there were 1,450 applications for the plots, which ranged from 450 to 2,000sqm.More than 1,350 of these applicants opted for a one-time payment, the officials […]
NEW DELHI: Coworking major WeWork India’s revenue rose by 33 per cent to over Rs 800crore this year and is expected to grow further in 2022 on improved demand for its flexibleworkspaces, a company official said. In an interview with PTI, WeWork India Chief ExecutiveOfficer (CEO) Karan Virwani outlined his vision to make the company […]
Office space leasing is expected to grow by 30–35% next year, property consultants said, on theback of demand seen over the last few months.Despite the Omicron variant of Covid-19 threatening to derail recovery, theybelieve commercial leasing is well on track to reach pre-pandemic highs by 2023.“Overall, we estimate net absorption to rebound strongly, recording a […]
