GURUGRAM: With the second wave of Covid threatening to hit MCG’s projected revenue collections this fiscal too, the commissioner on Thursday directed the tax department officials to recover dues from the property tax defaulters, who have already been issued notices, within a month. He would hold a review meeting with the heads of all revenue-generating […]
NEW DELHI: Realty firm Parsvnath Developers Ltd on Wednesday reported a consolidated net loss of Rs 109.56 crore for the quarter ended March 2021. Its net loss stood at Rs 62.66 crore in the year-ago period. Total income fell to Rs 272.79 crore in the fourth quarter of last fiscal from Rs 1,060.74 crore in […]
NEW DELHI: Keeping the order reserved till the last moment, North Delhi Municipal Corporation finally announced its decision to extend the last date of submission of property tax till July 15. South Delhi Municipal Corporation (SDMC) is also considering the option, but no formal announcement was made till Wednesday evening. “We are planning to extend […]
NOIDA: The Gautam Buddh Nagar administration Wednesday attached flats, villas and land plots worth Rs 344.23 crore over the non-payment of dues by 32 real estate developers, according to an official order. The properties would be soon put on e-auction to recover the money the developers owe to the government, stated the order issued by […]
NEW DELHI: Embassy Office Parks has said that the trading lot size for Embassy REIT units on stock exchanges will be reduced to one unit from the current trading lot size of 200 units, the company said in a media release. The minimum application amount required for unitholders to subscribe is between Rs 10,000 and […]
NEW DELHI: Realty firm Omaxe has reported a consolidated net profit of Rs 1.11 crore for the quarter ended March on lower income amid the COVID-19 pandemic. The Delhi-based firm had posted a net loss of Rs 126.26 crore in the year-ago period. Total income fell to Rs 191.87 crore in the fourth quarter of […]
Ansal Housing has raised around Rs 100 crore for its Ansal Highland Park project in Sector 104, Gurgaon, from the government-backed Special Window for Affordable and Mid Income Housing (SWAMIH) Investment Fund. The project, which had been in limbo since 2012 due to a liquidity crunch, has reached financial closure with the new fundraising. “The […]
The Yamuna Expressway Industrial Development Authority (Yeida) has restored close to 2,500 acres of land to Jaiprakash Associates Ltd (JAL) that had been reclaimed by the authority after default by the builder. The land, which also has the Formula One (F1) race track, was allotted to Jaypee Sports International Ltd (JPSI), a subsidiary of Jaypee […]
NEW DELHI: Indiabulls Housing Finance on Tuesday said its board has approved a proposal to raise over Rs 7,000 crore through various means. This includes USD 275 million (Rs 2,043.43 crore) by issuing equity shares or other instruments. The company’s fund mop-up plan is subject to shareholders’ approval in the upcoming annual general meeting (AGM) […]
NEW DELHI: The construction of a group housing colony in Ashok Vihar area in northwest Delhi will require felling and trimming of 598 trees, according to the project proposal. The Rs 2,340-crore project involves construction of eight residential towers. A total of 1,200 dwelling units and 622 economically Weaker Sections (EWS) dwelling units will be […]
NEW DELHI: The Supreme Court on Tuesday in its judgement said that it did not recall the 2019 orders or revisit the issue as to whether the Noida-based La Residentia project is a part of Amrapali projects and therefore the unfinished housing projects — in Noida and Greater Noida — have to be completed as […]
Realtors in Delhi have demanded an extension of lower circle rates, or floor prices, by a fifth in the national capital and rollback of proposed increases by up to 90% in these tariffs for the satellite town of Gurgaon. With the second wave negatively impacting the economic recovery, real estate experts believe the sector needs […]
