News

Noida authority cuts secondary property transfer charges to 2.5%

NOIDA: Families looking to buy secondary market property in Noida will have to pay only 50% of transfer charges from Friday. The Noida Authority on Thursday issued an order, reducing the property transfer charges to 2.5% from 5%, a day after the minutes of its September 24 board meeting were approved by the state government. […]

Construction waste from sites to be disposed at C&D plant only: EDMC

NEW DELHI: Aimed at curbing pollution, the East Delhi Municipal Corporation on Wednesday issued an order making it mandatory to dispose construction and demolition waste generated at sites of construction or renovation of buildings at a designated waste processing plant only. East Delhi Mayor Shyam Sunder Aggarwal said earlier 68 designated points were earmarked in […]

Housing sales up 92% in July-Sep across eight top cities: Report

NEW DELHI: Housing demand has breached pre-COVID levels with 92 per cent year-on-year growth in sales during July-September period units across eight major cities, mainly on the back of stable prices, very low mortgage rates, property consultant Knight Frank India said on Monday. Releasing its India Real Estate Update for Q3 (July-September quarter) of the […]

Noida authority hopes to demolish Supertech twin towers before Nov 30

NOIDA: With less than two months left for the Supreme Court deadline to bring down the twin towers, Noida Authority officials said on Wednesday they will be ready with the outline plan for the demolition process by October 12. The Authority is preparing the bid document with the help of the Roorkee-based Central Building Research […]

SAP India renews lease for one lakh sq ft office in Vatika Towers in Gurugram

Software major SAP India Pvt Ltd has renewed lease for its nearly 100,000 sq ft office in VatikaTowers on Golf Course Road in Gurgaon, two people aware of the development said. SAP has been operating in VatikaTowers for over 14 years and has extended its lease for a new term of nine years. “We can […]

Indiabulls Housing Finance exits OakNorth Holdings for Rs 3,049 crore

NEW DELHI: Indiabulls Housing Finance on Wednesday said it has exited from UK-based OakNorth Holdings for about Rs 3,049 crore. In November 2015, Indiabulls Housing Finance acquired a 39.76 per cent stake in OakNorth Holdings Limited for Rs 663 crore (USD 100 million), the company said in a regulatory filing. “Through various rounds of secondary […]

Sobha’s sales bookings up 49% at Rs 1,030 crore in Q2 FY22

NEW DELHI: Bengaluru-based real estate firm Sobha Ltd on Wednesday said it has clocked 49 per cent growth in sales bookings at Rs 1,030.2 crore during the second quarter of this fiscal on better housing demand. The company had sold properties worth Rs 689.9 crore in the year-ago period. In a regulatory filing, Sobha informed […]

About 80% houses given under PMAY are owned by women: Prime Minister

Prime Minister Narendra Modi on Tuesday said that of the total number of houses that have been provided under the Prime Minister Awas Yojana (PMAY), the ownership of 80 per cent of them belong to women. Addressing the Urban Conclave held in Uttar Pradesh’s Lucknow today, where he digitally handed over the keys of Pradhan […]

Gurugram: Pipes laid in new sectors, but few builders apply for water connection

GURUGRAM: While around 30,000 families living in 18 new sectors of Gurgaon have been demanding piped water supply for several years now, developers of only 25 of the 56 housing projects along the Dwarka Expressway have applied for connection since August this year when the canal water supply began. Seeing the lukewarm response, the department […]

Gurugram: Gates can no longer be installed at will inside colonies

GURUGRAM: Gates can no longer be installed at will inside colonies. They also can’t be built on the main (24-metre-wide) internal roads that connect two sectors. And any move to install a gate on roads where they are permitted will have to be routed to the police for an assessment of its security need. These […]

Builder-buyers meetings planned to resolve dispute in Greater Noida

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has scheduled meetings with home buyers and real estate developers from October 7 onwards in a bid to resolve issues between them, officials said on Tuesday. The GNIDA has put out a list of six group housing projects and said the number of home buyers and representatives […]

Delhi HC asks Supertech to pay Rs 40 lakh to homebuyer by Oct end

NEW DELHI: The Delhi high court on Monday asked realtor Supertech to pay Rs 40 lakh by the end of October to a home buyer, who has filed a complaint about the delay in giving possession of a villa in one of the company’s projects in Yamuna Expressway Industrial Development Area, adjacent to the national […]

© 2020 Prithvi Estates, All Rights Reserved.

Register Your Property