NEW DELHI: Delhi’s upscale Khan Market has witnessed 14 per cent decline in rental during the last year amid the COVID-19 pandemic and is ranked 21st in the most expensive high street retail location in Asia Pacific region, according to Cushman & Wakefield. Around 80 per cent of Indian high street retail markets experienced declines […]
NEW DELHI: Mahindra Lifespace Developers has finalised the terms to purchase approximately 3.2 acres of land in Pimpri, Pune, from Mahindra & Mahindra, the company said in a regulatory filing. The purchase is expected to be concluded in around six months, subject to the fulfillment of agreed conditions by both buyer and seller. The land […]
NEW DELHI: The Central Public Works Department (CPWD) has invited bids for three new office buildings under the Common Central Secretariat project along Rajpath at a cost of Rs 3,269 crore and another Rs 139 crore has been kept for five years’ maintenance. These buildings will have to be completed in 24 months from the […]
GURUGRAM: As migration of daily wagers and construction site workers catches pace, big public infrastructure projects in the city are staring at delays in meeting the deadlines as the work productivity has dropped significantly over the past few days. Projects like the Huda City Centre flyover and underpass, the refurbishment of Atul Katariya Chowk intersection […]
NOIDA: Around 6,000 flats at Jaypee Wish Town will be delivered to buyers by 2022. Some of these will be freshly constructed, others are complete but have pending work like fittings left to be done before the keys can be handed over, according to resolution professional Anuj Jain. Jain told TOI, “We initially had 28,000 […]
NEW DELHI: Spike in coronavirus cases has forced many group housing societies across Delhi NCR to take the driver’s seat and handle the crisis. Many self-motivated residents have become social workers and formed groups for catering to multiple daily needs related to medical supply, food, vaccination registration and other emergency helpline numbers. Residents have not […]
NEW DELHI: Indiabulls Real Estate Ltd (IBREL) on Friday reported a consolidated net profit of Rs 94.5 crore for the January-March quarter. The Mumbai-based firm had posted a net loss of Rs 109.70 crore in the year-ago period. Total income rose to Rs 759.50 crore in the fourth quarter of the last fiscal year from […]
Vestige Marketing Pvt Ltd, a company that deals in wellness products, has leased 200,000 sq ft of warehousing space in Sonepat, Haryana, two persons aware of the deal said. According to industry experts, NCR has emerged as the most preferred destination for warehousing because of the connectivity it offers with different states. “Clients like Vestige […]
GURUGRAM: The Municipal Corporation of Gurgaon (MCG) has issued show cause notices to 13 architects working with its planning wing for allegedly violating the norms of online building plan approval system on Thursday. The architects, who allegedly misrepresented facts, submitted fraudulent documents and failed to deposit the requisite fees, have been asked to furnish their […]
Real estate developers have stepped forward to help local authorities with a slew of measures to provide necessary medical and infrastructural aid to combat the spread of the severe second wave of Covid-19. In addition to announcing other initiatives including undertaking vaccination drives for construction workers and mandating strict safety measures at the construction sites, […]
NEW DELHI: Private equity (PE) investment inflows into the Indian real estate sector stood at USD 1.9 billion (Rs 135 billion) in the first quarter of 2021, according to a report by Savills India. In Q1 2020, PE investment into the sector was at USD 0.65 billion. “The noticeable recovery in the real estate and […]
GURUGRAM: In a move to check mushrooming of illegal colonies on agricultural land, the department of town and country planning (DTCP) has brought 72 villages of Gurgaon under Section 7A of the Haryana Development and Regulation of Urban Areas Act, 1975. As per Section 7A of the Act, registration of the sale deed of a […]
