Singapore-based AT Capital’s real estate and infrastructure focused NBFC, Experion Capital, has made its debut investment in India by providing 200 crore as project finance for Vatika Group’s luxury residential project, Sovereign Park in Gurugram, three persons aware of the development said. The investment includes a term loan that aids in partial refinance to the […]
GURUGRAM: The district consumer forum has fined a developer Rs 2 lakh for failing to complete a project within the deadline and directed it to refund the amount collected from buyers with interest. The commission termed the builder-buyer agreement “one-sided”, “unilateral” and “unequal” and restrained the developer from making deductions or imposing a penal interest […]
Homeowners of Ambience Lagoon condominium near Sirhaul toll plaza in Sector 24 have expressed their dismay after being served notices and asked by Ambience Group to share the cost of construction of an underpass on the Delhi-Gurgaon Expressway.The expressway was constructed by the National Highways Authority of India (NHAI) and funded jointly by the NHAI, […]
Residents have written to the Municipal Corporation of Gurugram (MCG), seeking an extension of the July 31 deadline to pay their property tax, officials said. Hundreds of residents have been complaining about the newly generated property IDs having incorrect details due to which they are facing difficulties in depositing their property tax. Residents said the […]
Gurugram: The construction work of the waste-to-energy (WTE) plant at the Bandhwari landfill site has hit a roadblock due to the ongoing blame game between Ecogreen Energy, the concessionaire that handles solid waste in Gurugram, and the Municipal Corporation of Gurugram (MCG) over a 10-acre land earmarked for the project. The plant was likely to […]
After serving show cause notices to over 200 property owners in the city, the enforcement wing of the department of town and country planning (DTCP) has started sealing residential units that were running illegal commercial establishments, officials said on Saturday. The department on Thursday sealed 19 floors located on five plots in DLF Phase 1 […]
NEW DELHI: The New Delhi Municipal Council (NDMC) on Thursday decided to increase transfer duty on properties by a percentage point. “On July 10, Delhi government approved an increase in transfer duty rates in MCD. To bring parity, NDMC proposes to execute the transfer duty at a similar rate. The modified rates in case of […]
NOIDA: The Noida Authority has decided to open escrow accounts for 59 developers who have defaulted on payments. Officials said the move was aimed at recovering dues and curtailing its financial losses. Officials said many of the developers who defaulted on the payments were found to have diverted funds to other projects. But when an […]
The Gurugram Metropolitan Development Authority (GMDA) issued a public notice on Friday inviting the names of senior citizens, from among the retired defence personnel and representatives of residents’ welfare association (RWA), for supervising development or construction works undertaken by the Municipal Corporation of Gurugram (MCG) to thwart irregularities and ensure quality work. GMDA officials said […]
The city of San Francisco has opened a complaint and launched an investigation into a giant “X” sign that was installed Friday on top of the downtown building formerly known as Twitter headquarters as owner Elon Musk continues his rebrand of the social media platform. City officials say replacing letters or symbols on buildings, or […]
Global alternative investment major Goldman Sachs has shortlisted Brookfield Asset Management, Alta Capital, and Singapore’s Keppel Corp to sell its stake in India’s largest student housing platform Good Host Spaces, said persons with direct knowledge of the development. Goldman Sachs holds around 70% in the company that owns and operates third-party purpose-built, oncampus student housing […]
GURUGRAM: The department of town and country planning (DTCP) has directed the developer of Chintels Paradiso to get Tower H of the society vacated. Tower H is the fifth and the latest building to be declared unsafe at the Sector 109 society, where a vertical cave-in at tower D killed two women in February 2022. […]
