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Government considering 5% quota for EV parking in existing buildings

NEW DELHI: Transport minister Kailash Gahlot chaired the first meeting of the apex monitoring committee set up under the ‘Delhi Maintenance and Management of Parking Places Rules, 2019’, with special focus on reserving 5% space in all new construction for electric vehicles (EV). The government is considering provision for reservation of EV parking spaces in […]

Online building permission system in all cities by March 2022: Housing secretary

NEW DELHI: The online building permission system will be implemented across all cities by March next year from about 2,500 cities currently to facilitate ease ofdoing business in the real estate sector, Housing and Urban Affairs Secretary Durga Shanker Mishra said on Thursday. Addressing a real estate conference organised by CII and JLL India, the […]

‘Builders’ cheat Delhi businessman of Rs 1.5 crore by selling floor, booked

GURUGRAM: A Delhi-based businessman was allegedly cheated of Rs 1.5 crore by a realtor on the pretext of investment in a builder floor.Hansh Raj (69), a resident of West Punjabi Bagh, got in touch with Gurbani Kaur and Jasmeet Singh, residents of DLF-2 in January 2018. Gurbani andJasmeet introduced themselves as builders and informed Hansh […]

Greater Noida: ‘Missing’ plots worth Rs 400 crore traced in Ecotech 6 & 11

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has traced plots worth Rs 400 crore that had remained unaccounted for so long. The “missing” plots have been traced to Ecotech 6 and 11 with the help of a GPS-based mapping software adopted by GNIDA — “One Map Greater Noida”. Sources said these plots — 138 […]

Gurugram: HSVP to develop residential plots on gymkhana club land in Sector 55

GURUGRAM: Reeling under severe funds crunch, HSVP has decided to monetise its land earmarked for a gymkhana club in Sector 55. The urban development authority, in fact, plans to develop the 1.4-acre land into 26 residential plots and sell the same to raise over Rs 50 crore. At present, the city has two gymkhana clubs […]

LIC Housing Finance’s net profit dips 68% in Q2 FY22

NEW DELHI: LIC Housing Finance (LIC HFL) has reported a 68 per cent decline in its net consolidated profit during the quarter ended September 2021, the company said in a BSE filing.Its profit after tax (PAT) stood at Rs 249.86 crore in Q2 FY22 as against Rs 789.67 crore it recorded in the corresponding quarter […]

Rs 3 crore fine levied on agencies in NCR over construction & demolition waste

NEW DELHI: Special teams in Delhi and NCR states have inspected 6,596 C&D sites, of which 963 sites were found to be non-compliant with various C&DWaste Management Rules and dust mitigation measures, said Commission for Air Quality Management in NCR and Adjoining Areas (CAQM). An amount of approximately Rs 3 crore has been levied as […]

Ansal Properties and Infrastructure’s CEO resigns

NEW DELHI: Ansal Properties and Infrastructure’s (Ansal API) CEO and whole time director Dinesh Chander Gupta has resigned with immediate effect, due to certain professional constraints and personal reasons, the company informed in a BSE filing. The company had reported a net consolidated loss of Rs 29.80 crore in the Apr-June 2021 quarter as against […]

IWG, Conjoinix ink franchise deal for 18 flexible workspace centres

Flexible workspace and coworking firm IWG has signed one of its largest franchise deals with Conjoinix, a real estate leasing and coworking company, for 18 centres across Delhi-NCR, Haryana, Uttar Pradesh, Jammu & Kashmir, and Gujarat. “The partnership with Conjoinix will enable us to continue expanding IWG’s brand presence across key business markets,” said Harsh […]

SC rejects bail plea of ex-Amrapali director on medical grounds

NEW DELHI: The Supreme Court on Wednesday rejected the plea of the ex-director of Amrapali Group seeking bail on medical grounds in the money laundering case against him saying that it is not a case of a medical emergency as such. The top court said that “the prayer for bail on medical grounds has been […]

GRAP measures come into force in NCR as pollution level likely to spike after Oct 21

NOIDA: With air quality likely to touch the “moderate” to “poor” range between October 21 and 24, certain measures under this category of the Graded ResponseAction Plan (GRAP) was implemented with immediate effect in National Capital Region (NCR) from Monday. The Central Pollution Control Board has directed the agencies concerned to ensure that all brick […]

Greater Noida authority to recover GST dues from allottees

GREATER NOIDA: The Greater Noida Authority will soon initiate a drive to recover the pending goods and services tax (GST) from its allottees. Authority officials, however, clarified that residential allottees will not have to pay the tax for urban services as the GST Council considers the industrial authorities as civic bodies. From July 2017, the […]

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