News

No plans yet to get involved in formation of AOA: UP-RERA

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 […]

As construction workers start leaving, realtors in Noida feel the heat

NOIDA: Construction labourers and factory workers have started leaving for their hometowns, wary of last year’s experience during the lockdown. Realtors and factory owners in the city said fewer people were reporting for work with each passing day. They claimed while 40% of the labourers employed in construction projects had left for their villages, 15% […]

NGT forms panel to look into illegal construction by builder in Ghaziabad

NEW DELHI: The National Green Tribunal (NGT) has formed a seven-member committee to look into the issue of illegal construction and unauthorised extraction of groundwater by a builder in Uttar Pradesh’s Ghaziabad. A bench headed by NGT Chairperson Justice A K Goel said the stand of the authorities is evasive on the issue of illegal […]

Gurugram: DLF seeks strict action against 23 residential properties for violating norms

GURUGRAM: The developer of DLF-1 has sought strict action against 23 residential properties where illegal commercial activities are allegedly being carried out in violation of the norms. DLF, the developer, has written to the enforcement wing of the district town planner (DTP) to initiate strict action against properties running activities like restaurants, eateries, shops and […]

HSVP team razes 15 houses in Gurugram’s sector 23A

GURUGRAM: The HSVP on Friday demolished around 15 houses to clear nearly 800 square yard of land in Sector 23A. Four residential plots and one park was planned on this land with a market value running into several crores. The land was acquired by HSVP around three decades ago and over the years Sector 23A […]

UP-RERA defers physical hearing of complaints amidst covid-19 pandemic

NEW DELHI: Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has decided to defer the option of physical hearing of complaints proposed to be introduced with effect from May 1, 2021 in view of increased intensity of the covid-19 pandemic across the country. Previously, it had decided to provide the opportunity of physical hearing to the […]

Office sector to see delayed revival on second wave woes

BENGALURU: The onset of the second covid wave may lead to a delayed recovery for India’s commercial office sector, which continues to see a dip in leasing volumes. In the March quarter, gross absorption in the top six cities was 4.3 million sq. ft, down 49.8% year-on-year, according to a Colliers-Ficci report, The Future Workplace: […]

ESR bullish on India opportunity, in talks to acquire eight warehousing projects

Warburg Pincus-backed logistics development platform ESR India is in talks to acquire at least 8 new warehousing projects in the country and these transactions are expected to be concluded over the next one year, said a top company official. New additions will mostly be greenfield land acquisitions besides around 6 million sq ft of projects. […]

Over 80 illegal structures razed, 20-acre government land cleared in Gurugram

GURUGRAM: More than 80 illegal structures, including 14 shops along Dwarka Expressway between Sector 106 and Sector 109, were razed by the enforcement wing of Gurugram Metropolitan Development Authority (GMDA) on Thursday. “During the drive, three illegal colonies were demolished, and around 20 acres of land was cleared by razing more than 60 structures in […]

Noida International Airport gets security nod, wait now for plan approval

GREATER NOIDA: The Noida International Airport project cleared another regulatory hurdle on Wednesday, with the Bureau of Civil Aviation Security (BCAS) granting security clearance to the same. The in-principle approval of the master plan is the only regulatory hurdle now left to commence development work at the site, officials said. However, the regulatory body has […]

Gurugram development body to construct new roads for 20 sectors by July

GURUGRAM: In a major relief to residents of New Gurgaon, the Gurugram Metropolitan Development Authority (GMDA) is constructing sector-dividing roads in 20 sectors. A budget of Rs 99 crore has been allocated to build approximately 16km of roads in these sectors by July this year. A senior GMDA official told TOI that work has already […]

Jaquar buy three farmhouses in South Delhi for Rs 235 crore

India’s premium sanitary ware company Jaquar has purchased three farmhouses in Delhi’s Westend Greens for around Rs 235 crore, three people aware of the deal said. The farmhouses bought by the company are spread over 2.5 acres each. Jaquar is promoted by Rajesh Mehra and Ajay Mehra, who entered Forbes India’s rich list in 2019. […]

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