News

Need to promote construction of green buildings in India: Government

NEW DELHI: The development of green buildings should be promoted across the country and a campaign should be run to create awareness that difference in construction costs for such properties and conventional ones is marginal, a senior government official said on Thursday. Addresing a webinar, Surendra Kumar Bagde, Additional Secretary, Ministry of Housing and Urban […]

Registration of 26 projects of Supertech has lapsed; refund issued only in 101 cases

NEW DELHI: Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) reviewed the compliance of the orders passed against the complaints of allottees of pending projects and the progress of the promoter’s projects of Supertech. The review meeting was chaired by Rajive Kumar, chairman, UP-RERA. The authority has passed 282 orders against the company for refund of […]

Gurugram: Nine illegal farmhouses in Aravalli Hills demolished

GURUGRAM: As many as nine illegal farmhouses built in the forested Aravalli Hills region at Raisina village here were razed by a team from the Municipal Council of Sohna on Wednesday. The demolition drive was carried out at nine illegal farmhouses which included a boundary wall, teen shades and pillar. It was done in compliance […]

Delhi government grants Rs 10,000 each to 1,825 construction workers

NEW DELHI: The Delhi government on Wednesday granted Covid relief disbursement of Rs 10,000 each to 1,825 construction workers registered under the Delhi Building and Other Construction Workers Welfare Board, according to an official statement. The construction workers, registered with the board before September 30, would have to renew their membership to be eligible for […]

Over 100 farmhouses demolished on Gurugram outskirts in one year

GURUGRAM: With unscrupulous builders targeting the city outskirts to carve out illegal farmhouses amid the pandemic, the department of town and country planning (DTCP) has stepped up its action against such illegal constructions on agricultural land in areas like Sohna and Wazirpur. In fact, in the past one year, the department’s enforcement team has razed […]

Gurugram civic body starts survey to track business units in residential areas

GURUGRAM: MCG has started a fresh survey to identify commercial establishments running illegally in residential areas. Officials said these establishments are not adding to the revenue of the civic body since it cannot issue trade licences to commercial units set up in residential areas according to the law. After collating the data of such establishments, […]

Suraksha group gets lenders, homebuyers’ approval to buy Jaypee Infratech

NEW DELHI: Mumbai-based Suraksha group on Wednesday received the approval of financial creditors and homebuyers to takeover debt-laden Jaypee Infratech Ltd (JIL), a development that raises hopes for homebuyers in getting possession of their flats after many years of delay. The 10-day-long voting process on the takeover proposals submitted by NBCC and Suraksha group ended […]

PNB Housing Finance holds shareholders meeting over Carlyle deal

NEW DELHI: PNB Housing Finance held its much-awaited extraordinary general meeting (EGM) on Tuesday to seek shareholders’ approval for a Rs 4,000 crore capital infusion into the company led by US-based Carlyle Group. However, the outcome of the meeting was awaited till late night, even as the EGM was learnt to have concluded in the […]

Greater Noida development body offers 75 acres for industrial plot scheme

GREATER NOIDA: After May this year, the Greater Noida Industrial Development Authority (GNIDA) has launched a second industrial plot scheme in Ecotech-10. Under the scheme, about 74.5 acres of land is to be allotted through six plots of different square metres. Both fast track and direct allotment plans are offered under the scheme which expects […]

Greater Noida development body may take up land rates in next board meet

NOIDA: As Covid cases continue to ebb, the authorities in Noida, Greater Noida and Yamuna Expressway are gearing up to hold their board meetings. The Greater Noida Authority will be the first of the three authorities in the region to hold a meeting on June 24 while Noida will organise it the next day. The […]

Gurugram development body to use GIS to keep track of infrastructure, squatters

GURUGRAM: The Gurugram Metropolitan Development Authority (GMDA) will start using its geographic information system (GIS) to track the infrastructural developments in the city. The visual records procured through satellite images of the National Remote Sensing Centre will also be used to monitor encroachments and illegal constructions, officials have said. According to a senior GMDA official […]

Reliance Home Finance appoints panel to take steps for resolution process

NEW DELHI: Reliance Home Finance (RHF), an Anil Ambani-promoted Reliance Group firm, on Monday said it has appointed a panel for taking forward the resolution process of the debt-laden mortgage company. A group of lenders led by Bank of Baroda has under the Inter-Creditor Agreement (ICA) issued a letter of intent dated June 19, 2021 […]

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