News

SC directs Haryana government to remove illegal houses in Aravali forest area

NEW DELHI: The Supreme Court on Monday directed the Haryana government and the other authorities concerned, to remove around 10,000 houses constructed illegally at Khori village in Haryana’s Aravali forest area. A bench of the Apex Court headed by Justice A M Khanwilkar and also comprising Justice Dinesh Maheshwari, in its order directed the Municipal […]

Gurugram: No RWA elections for a year, Ambience Lagoon flat owners write to PM

GURUGRAM: A group of residents in Ambience Lagoon has written to Prime Minister Narendra Modi, seeking his intervention in a dispute regarding the RWA elections in the condominium. The residents said they had been requesting the district registrar and the state officials for a year to hold the elections to the governing body of the […]

Greater Noida: GNIDA to set up industrial blocks in Ecotech soon

GREATER NOIDA: To attract industries, GNIDA will develop more sectors within Ecotech industrial block and is acquiring land from Maycha, Ghanghola, Fazayalpur and other villages through direct purchase. Narendra Bhooshan, chief executive officer of the authority, said that blocks in Ecotech 10 and 11 are being prepared for allotment of units. “We have launched a […]

Bharti Realty to vaccinate 100% of its workforce by mid-June

NEW DELHI: Bharti Realty, the real estate arm of Bharti Enterprises, plans to vaccinate both on-roll and off-roll employees with the first dose of the vaccine by June 15, the company said in a media release. The company has already vaccinated over 50 percent of its workforce with at least one dose. “We are taking […]

Suraksha Group seeks more time to submit final bid for Jaypee Infratech

NEW DELHI: Suraksha Group has sought at least seven days’ extension to submit an “improved revised” bid to acquire debt-laden Jaypee Infratech Ltd (JIL) through insolvency as it is exploring ways to sweeten its offer for both homebuyers and lenders. The Mumbai-based firm, which is pitted against NBCC to acquire JIL, did not submit its […]

Work-from-home trend may significantly damage office space market: Ind-Ra

MUMBAI: Negative demand created by the work-from-home culture along with reduction in fresh leasing activities due to a weaker economy can easily shave 40 per cent off annual demand over the next few years, according to India Ratings and Research (Ind-Ra). The agency said this can result in over 500 basis points increase in vacancy […]

YIAPL secures Rs 3,725 crore loan from SBI for development of Jewar airport

NEW DELHI: The Yamuna International Airport Private Limited (YIAPL) has secured a loan of Rs 3,725 crore from the State Bank of India for the development of Noida international airport at Jewar in Uttar Pradesh, according to a statement issued on Friday. YIAPL is a 100 per cent subsidiary of Zurich Airport International and has […]

Cabinet gives nod to India-Japan collaboration on urban development

NEW DELHI: The Union Cabinet on Wednesday approved a memorandum of cooperation with Japan in the field of sustainable urban development which is expected to create employment opportunities. According to an official statement, the memorandum of cooperation (MoC) will be signed between the Ministry of Housing and Urban Affairs and the Ministry of Land, Infrastructure, […]

Noida airport needs more land for Phase 1

NOIDA: The first phase of Noida International Airport will be a little bigger than the original plan. Instead of 1,334 hectares, the airport will now be developed over 1,350 hectares, with the additional 16 hectares to be utilised for building a maintenance, repair and overhaul (MRO) centre. The additional land is being acquired in Kureb […]

SRAM & MRAM Group to invest $100 million in real estate projects in India

UK based SRAM & MRAM Group will invest 100 million dollar in real estate projects in India. The company has signed an agreement with Area CAS Developers and Infrastructure Private Limited (Area Group), and Gupta Builders and Promoters Private Limited (GBP Group) who have existing and upcoming real estate projects. “With the latest investments, SRAM […]

Greater Noida: GNIDA to set up centralised monitoring system to maintain streetlights

GREATER NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has decided to set up a centralised monitoring system to maintain streetlights in the city. Under the new system, for which Rs 74 crore has been earmarked, lights would be added along streets and defunct ones replaced without any delay. The new system will also allow […]

E-tender process for auction of 11 Chandigarh housing board units starts

CHANDIGARH: The Chandigarh Housing Board on Wednesday started e-tender process for auction of 11 residential units on leasehold basis in different parts of the city. Residents can submit their bids till June 30 and ebids will be opened on July 1. The bidders will have to submit earnest money deposit (EMD) of Rs 2 lakh […]

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