Most Indian corporates expect the ongoing pandemic to influence the direction of their real estate strategy over the next 3 years and increase in quantum of their real estate space requirement, showed a Knight Frank global survey. According to this survey of 400 global firms employing 10 million people reveals occupiers are looking at offices […]
NEW DELHI: Markets regulator Sebi on Tuesday came out with new framework to strengthen policies on provisional rating by credit rating agencies (CRAs) for debt instruments. Under the framework, all provisional ratings (‘long term’ or ‘short term’) for debt instruments need to be prefixed as ‘provisional’ before the rating symbol in all communications– rating letter, […]
GURUGRAM: Six people, including a former MLA and two property dealers, have been booked for allegedly carving out an illegal colony in Sector 77’s Shikohpur village. The move comes after a police complaint was filed by the department of town and country planning (DTCP). According to the FIR lodged by Kherki Daula police on Tuesday, […]
NEW DELHI: Thousands of homebuyers are still waiting to register their flats due to a deadlock because of dues between promoters and authorities. To end flat registration delay in Noida and Greater Noida, the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has sought a direction and guidelines from the state government. As per an estimate, […]
GURUGRAM: With Gurugram staring at the acute shortage of beds for Covid patients, real estate firm M3M Group and Medanta Hospital have collaborated to establish a dedicated Covid centre equipped with 400 beds at Sector 67. The 400-bed facility that will be set up in empty flats, owned by the M3M group, will also provide […]
NEW DELHI: Prime Minister Narendra Modi will launch the distribution of e-property cards under the ‘SWAMITVA scheme’ on Saturday, according to a statement from the Prime Minister’s Office (PMO). As many as 4.09 lakh property owners will be given their e-property cards on National Panchayati Raj Day (April 24), which will also mark the rolling […]
NEW DELHI: The Delhi government on Friday said it has disbursed ex gratia payments of Rs 5,000 each to construction workers registered under the Delhi Building and Other Construction Workers Welfare Board as aid. In a statement, the city government said a total of 2,10,684 construction workers will be granted the aid under this scheme. […]
NEW DELHI: Incuspaze, a managed office space provider, has launched over 500 seating capacity centre in Kakkanad, Kochi. The new facility was launched in two phases of 300 and 200 seats respectively, the company said in a media release. “Ever since the outbreak of the Coronavirus, companies are demanding more flexible options in CRE, with […]
NEW DELHI: In ICRA’s assessment, while the ongoing second wave of covid-19 could cause some disruptions in the overall construction activity in the country, the performance of most mid and large-sized construction companies is not expected to be materially impacted due to this. Unlike the first wave, there is no nationwide lockdown and only localised […]
GURUGRAM: In view of the spike in Covid cases, the Haryana government announced that all IT sector and corporate offices in six districts — Gurugram, Faridabad, Hisar, Panchkula, Karnal and Sonepat, would remain closed till May 3 up to 9 p.m. Also, the government offices in all districts will operate with 50 per cent strength. […]
GURUGRAM: Twelve residential properties in DLF-5 were served notices for running commercial activities like saloons, clinics, property dealer offices and grocery shops in violation of the rules. Another 23 notices have been issued to residential property owners in Sushant Lok-1 who have made violations by doing addition and alterations after obtaining Occupation Certificates. The department […]
NEW DELHI: Financial creditors of debt-ridden Jaypee Infratech will meet on April 29 to discuss the resolution plans submitted by state-owned NBCC and Suraksha group to acquire the realty firm through an insolvency process. In a regulatory filing, Jaypee Infratech informed that a meeting of Committee of Creditors (CoC) will be held on April 29, […]
