News

UP RERA intervention pays off, 800+ buyers in Noida project to get flats

In the first success story of the conciliation forum of the Uttar Pradesh Real Estate Regulatory Authority, over 800 homebuyers of a Noida project will get their homes almost a decade after booking their apartments. Close to 100 homebuyers of Gayatri Aura had dragged the Gayatri Group to UP RERA after the project was stuck. […]

Faridabad: Notices sent to 130 illegal structures in Aravalis

GURUGRAM: The forest department of Faridabad has sent show-cause notices to the owners of more than 130 structures built illegally in the eco-sensitive Aravalis. The owners have been given time to demolish their structures till Monday. The move comes after the Supreme Court on July 23 ordered the Municipal Corporation of Faridabad (MCF) not to […]

Gurugram: Vigneshwara Aquarius Cyber Park investors seek government nod to complete project

GURUGRAM: More than 10 years after investing their hard earned money in the Vigneshwara Aquarius Cyber Park project in Sector 74, hundreds of investors are still struggling to secure their investment as the developer has abandoned the project and allegedly embezzled the funds. A group of aggrieved investors met CM Manohar Lal Khattar on Tuesday […]

Gurugram: Three years after upkeep transfer, builder gives funds to Vipul Greens RWA

GURUGRAM: More than three years after taking over the maintenance of the society, the residents of Vipul Greens housing society have now heaved a sigh of relief as the developer has finally transferred the interest-free maintenance security (IFMS) funds amounting to Rs 8 crore to the RWA. The funds had been a longstanding issue between […]

Noida residents slam circle rate hike plan, say will have to pay more in pandemic

NOIDA: Residents of both Noida and Greater Noida are up in arms against the proposed hike in circle rates in the twin cities. On Wednesday, the Noida Federation of Apartment Owners Associations forwarded their representation to the district administration. Residents of Greater Noida are also expected to share their reservations against the move on Thursday. […]

Over 7,500 families get ownership under PM-UDAY in Delhi

NEW DELHI: As many as 7,576 families have been conferred ownership rights of their homes in non-developed unauthorised colonies in the national capital so far under PM-UDAY, said Minister of State (Ministry of Housing and Urban Affairs) Kaushal Kishore in Rajya Sabha on Wednesday. The minister told the Upper House of the Parliament that 7,576 […]

Gurugram civic body land freed from clutches of Vipul Developer

GURUGRAM: Following directions from the Municipal Corporation of Gurugram (MCG) against illegal constructions and encroachments, a team of Assistant Engineer (Enforcement), Naeem Hussain, of Zone-4 has freed 1,500 square yards of valuable land of the MCG from the possession of a private developer on Sohna Road. On Wednesday, the MCG team reached Sector-48 on Sohna […]

CCI approves PNB Housing Finance and Carlyle Group deal

NEW DELHI: Competition Commission has given its nod for the proposed investments by Carlyle Group and other investors in PNB Housing Finance Ltd. Under the deal, Pluto Investments S.a.r.l. and Salisbury Investments Pvt Ltd would acquire an equity stake in PNB Housing Finance, where state-owned Punjab National Bank holds a little over 32 per cent […]

Delhi court denies bail to real estate company directors in multi-crore cheating case

NEW DELHI: A Delhi court has denied bail to two directors of a city-based real estate company accused of allegedly cheating a large number of investors of crores of rupees by not delivering possession of flats and properties in Delhi-NCR. Additional Sessions Judge Kamini Lau refused relief to Sushant Mutreja and Nishant Mutreja and said […]

Delhi: New app for property tax payers

NEW DELHI: In bid to give major relief to property tax payers, the New Delhi Municipal Council (NDMC) has introduced a new software called property tax Enterprise Resource Planning (ERP) module to make the process simple and efficient. It will work efficiently particularly for services like self-assessment of property tax, mutation, amalgamation and bifurcation, vacancy […]

Drones to map extent of Aravali encroachments, notices next

GURUGRAM: The Gurgaon administration will conduct a baseline survey of all forested areas to gauge the extent of illegal constructions in protected zones. The areas will be mapped using drones. The decision was taken at a meeting headed by deputy commissioner Yash Garg on Tuesday The chief conservator of forests, Vasvi Tyagi, district town planner […]

SC asks Faridabad civic body to address grievances of those in Khori Gaon

NEW DELHI: The Supreme Court on Tuesday said that the Faridabad Municipal Corporation Commissioner may consider setting up an extended office in the Radha Swamy complex to address the grievance of the locals whose houses were demolished in Khori Gaon, Faridabad. A bench of the Apex Court, headed by Justice A M Khanwilkar was hearing […]

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