NEW DELHI: Haryana Real Estate Regulatory Authority (Haryana RERA) in a recent order has said that the builders are entitled to deduct or forfeit the deposited amount as per the agreement if the buyers opt to withdraw from the project for no particular reason. The authority was hearing the case filed by home buyers against […]
GURUGRAM: The department of town and country planning (DTCP) is set to crack down on developers running behind schedule for completion of affordable housing projects and has asked its enforcement wing to initiate action against them. A list of 11 projects that have been delayed has been prepared. The builders include Pivotal Infrastructure (project in […]
NEW DELHI: A Delhi Court on Thursday sent businessman Raj Singh Gehlot, owner of the Gurugram-based Ambience Mall to Enforcement Directorate (ED) remand till August 5. Gehlot was arrested by ED in a money laundering case related to an alleged bank fraud case. ED on Thursday has sought 14-day remand of him. Additional Sessions Judge […]
NEW DELHI: The Delhi Development Authority (DDA) on Tuesday said it has extended the last date for payment of cost of flats under 2019 Housing Scheme to September 30, subject to certain conditions. This extension will be applicable to all the allottees irrespective of the fact whether they have made any payment or not, officials […]
NEW DELHI: Proptech startup Strata, which facilitates fractional ownership of commercial real estate, has raised USD 6 million (around Rs 44.6 crore) from investors including Kotak Investment Advisors to expand its business and grow its asset under management. In a statement, Strata said it has raised USD 6 million in a Series A funding round. […]
NEW DELHI: The residents of Delhi Development Authority Janta Flats in Paschim Vihar have been issued notices by North Delhi Municipal Corporation stating that the buildings they are living in are in a dangerous condition and need urgent repairs. The notices further state that either retrofitting should be carried out or the buildings should be […]
GURUGRAM: A team from the Municipal Council of Sohna carried out a demolition drive against unauthorised construction at Ansals Aravali Retreat in Raisina on Wednesday and razed 11 structures. This is the fourth such demolition drive in the area this year. The move comes after the National Green Tribunal (NGT) in October 2020 directed the […]
NEW DELHI: The government on Wednesday said that 37.57 lakh houses have been sanctioned for the Economically Weaker Section (EWS) in the last two years under Pradhan Mantri Awas Yojana-Urban (PMAY-U). In a written reply in Rajya Sabha, Minister of State for Housing and Urban Affairs (MoHUA), Kaushal Kishore said, “During last two years, under […]
NEW DELHI: Indiabulls Housing Finance and Yes Bank have entered into a strategic co-lending agreement to offer home loans to homebuyers, the company said in a media release. Rajan Pental, global head (Retail Banking), Yes Bank said, “This is in line with bank’s strategy of expanding its retail franchise through a mix of organic and […]
GURUGRAM: The state government, along with the Faridabad district administration, has started the groundwork to identify illegal structures in Aravali forest areas. This comes after the Supreme Court on July 23 ordered the Faridabad Municipal Corporation (MCF) not to spare any illegal structures in the Aravalis, including farmhouses, commercial establishments and religious structures, during the […]
GURUGRAM: The Gurugram Metropolitan Development Authority (GMDA) on Tuesday cleared 1.25 acres of government land of encroachments. These illegal structures had come up on the green belt along Southern Peripheral Road (SPR) and service lane of Sector 62-65 dividing road. According to the officials, the encroachers had used the government land for commercial purposes by […]
NEW DELHI: North Delhi Municipal Corporation will soon finalise the redevelopment scheme for the Walled City special areas. As a model project, a group housing residential redevelopment project on 3,000 sqm has been proposed behind Town Hall near Dangal Maidan. Officials say that MPD 2021 had provisions for redevelopment of the Walled City and the […]
