News

Gurugram: Two km road to come up near sectors 79 and 79B

GURUGRAM: The Gurugram Metropolitan Development Authority (GMDA) has floated an Rs 8.19 crore tender for a 2,100m road project on the outskirts of sectors 79-79B and Naurangpur. The road will ease the movement of heavy vehicles in the area and make commuting easier for residents of sectors 79-79B.The road will start near the pond close […]

Gurugram: Roads in new sectors inspected by officials to spot missing links

GURUGRAM: For better road connectivity in new sectors, a team of Gurugram Metropolitan Development Authority (GMDA) officials on Friday carried out site inspection at various missing links between sector 77 and 99.This comes after a meeting between Badshapur MLA Rakesh Daultabad and GMDA CEO Sudhir Rajpal, which was held earlier this week.According to the GMDA […]

Builder-buyer talks from Nov 15 in Greater Noida to resolve disputes

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) on Friday released a schedule for next round of meetings between real estate developers and home buyers to resolve disputes in group housing projects. The next round of talks would begin from November 15 and involve 10 group housing projects, the GNIDA said. On November 15, the […]

NBCC fined Rs 5 lakh for violating dust control norms in East Delhi

NEW DELHI: The National Building Construction Corporation has been fined Rs 5 lakh for violating dust control norms at a project in Karkardooma in East Delhi,Environment Minister Gopal Rai said on Friday. Rai kicked off the second leg of the anti-dust campaign on Friday which will continue until December 12.”We conducted an inspection of the […]

Omaxe lease out 10.5 lakh sq ft space between Apr-Oct 2021

NEW DELHI: Omaxe has leased out a cumulative area of 10.53 lakh sq ft across its commercial properties in Greater Noida,Faridabad, New Chandigarh, Lucknow, and Amritsar so far in thefiscal year 2021-22, the company said in a media release. The company has leased out 6.77 lakh sq ft, 2.95 lakh sq ft in Lucknow, 58,222 […]

Gurugram: DHBVN issues notices to eight builders over failure to develop power infra

GURUGRAM: Residents of housing societies developed by eight developers may face disruption in power supply and a temporary ban on new connections as the promoters have failed to develop requisite power infrastructure – 33-kilo volts (KV) sub-station and related infrastructure. The Dakshin Haryana Bijli Vitran Nigam (DHBVN) has recently issued notices to all the defaulters, […]

Delhi government forms fifth MVC to give recommendations to civic bodies

NEW DELHI: The Delhi government has constituted a fifth Municipal Valuation Committee (MVC) that will make recommendations to the three civic bodies here — North, East and South — on matters of classification of vacant lands and buildings into colonies, government officials said on Wednesday. According to the officials, the five-member committee will be headed […]

ASK Property Investment Advisors invests Rs 215 crore in Mahagun’s Noida project

ASK Property Investment Advisors, the real estate private equity arm of the ASK Group has invested Rs 215 crore in Mahagun Group’s mid-income housing project in sector 107 of Noida. The project will be constructed on a 10-acre land parcel, which has a potential of developing a saleable area of over 2 million sq ft […]

Nehru Place a big commercial area, should not become a slum: Delhi HC

NEW DELHI: The Delhi High Court on Wednesday asked the South Delhi Municipal Corporation (SDMC) to give its suggestions on managing squatters at Nehru Place saying such a big commercial area should not become a slum. A bench headed by Justice Manmohan, which was hearing a batch of pleas concerning vending in the Nehru Place […]

Greater Noida offers land for group housing again, tightens terms

GREATER NOIDA: In what indicates that the NCR’s real estate sector is rebounding from a pandemic-induced slump, more than half-a-dozen applicants have shown interest in purchasing plotsmeant for group housing projects in Greater Noida. The industrial authority floated a scheme comprising four builder plots last month The smallest one among them measures 5.83 acre and […]

Builders can’t cite RERA Act to deny investors assured returns: Haryana RERA

GURUGRAM: Haryana Real Estate Regulator Authority’s (H-Rera) Gurgaon bench, while disposing of 26 cases related to non-payment of assured returns to investors, has made it clear that developers can’t walk away from a contractual obligation or cite a new pact being executed because of the Rera Act coming into effect in 2016. H-Rera chief KK […]

DLF to add 2.3 million sq ft of retail space in NCR, Chennai and Goa

NEW DELHI: Realty major DLF on Wednesday said the company will develop six new retail properties across major cities comprising 2.3 million square feet area as part of its expansion plan. DLF will develop three premium neighborhood plazas Summit Plaza in DLF 5, Gurugram, Midtown Plaza in Moti Nagar, Delhi, and New Gurgaon Plaza in […]

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