GURUGRAM: The Gurugram Metropolitan Development Authority (GMDA) proposed four smart city projects for the current financial year worth Rs 69 crore. The projects include smart water management, implementation of phase two of CCTV-based public safety and adaptive traffic management across the city for implementation of adaptive traffic light control system and connectivity at bus shelters […]
NEW DELHI: Residential sales in Jan-March 2021 recovered to more than 90% of the volumes witnessed in Q1 2020 across the top seven cities, according to JLL India. The cities including Chennai, Hyderabad, Kolkata, and Pune surpassed the sales volumes of Q1 2020. The markets of Delhi NCR and Chennai witnessed a substantial increase in […]
NEW DELHI: The Enforcement Directorate (ED) on Tuesday said it has taken possession of assets worth over Rs 155 crore in connection with its separate money laundering probes against two companies including the West Bengal-based Rose Valley group and their promoters for allegedly duping numerous people through Ponzi schemes. The action has been taken against […]
GURUGRAM: Locals have alleged that illegal sand mining activities are being carried out in the Faridabad Aravalis near Bharadwaj lake. Camels are being used to transport the sand to different areas, they said. The Aravali hills, which are spread from Rajasthan and Haryana to Delhi, are an ecologically sensitive zone but have borne the brunt […]
GREATER NOIDA: To expand the limits of the city for future industrial growth, the GNIDA has started work on acquiring land in more than two dozen villages. As many as 12 camps have been planned in April and May to buy the land directly from the farmers. The authority will pay Rs 3,500 per sqm […]
NEW DELHI: GMR, L&T and NHSRCL are among the 13 firms that have shown interest in the redevelopment of a vacant land near the Bijwasan railway station in Delhi, the IRSDC said on Sunday. A total of 13 players participated in a pre-bid consultation conducted by the Indian Railway Stations Development Corporation (IRSDC) for leasing […]
NEW DELHI: Representatives of realtors’ body CREDAI met Finance Minister Nirmala Sitharaman on Tuesday and sought government’s support to deal with the disruption caused by the COVID-19 pandemic. The meeting with the finance minister was held in Kolkata. Many senior members of Credai, including its new president attended the meeting. “In a discussion with the […]
NOIDA: With Covid cases rising, the UP-Rera will now defer some of its initiatives, including their plan to get involved in the formation of the apartment owners’ association (AOA) of individual apartments where residents have moved in. The UP-Rera had earlier announced that they would get involved in the process of creation of AOA to […]
Warburg Pincus-backed industrial and logistics development platform ESR India has leased 108,000 sq ft prime industrial real estate at its Chennai industrial park to CUBIC, a leading international player in the electromechanical industry. This will be the European company’s first manufacturing facility in India that will provide products and solutions for a wide range of […]
Embassy REIT has said that large corporate clients have started soliciting request for proposals (RFPs) for 2023-24 and the company has expedited construction to meet future office space demand. “This is the opportunity to build the product and keep it ready. We are constructing 57 lakh sq ft in Pune, Bengaluru and Noida with the […]
GURUGRAM: Farmhouses being built on a 20-acre prime plot near Westin Sohna are likely to be demolished in a week as the developer did not have any permission from the authorities concerned. A team from the department of town and country planning that visited the site in Bhogpur village found that the builder already laid […]
NEW DELHI: Lenders of Jaypee Infratech have asked Suraksha group to improve its bid by offering more land while homebuyers pitched for a reduction in timeline for completion of housing projects, sources said on Saturday. A Committee of Creditors (CoC) met on Saturday to discuss the revised bids of state-owned NBCC and Suraksha group for […]
