News

Thirteen companies allotted industrial land in Noida

NOIDA: The Noida Authority on Wednesday said it has allotted industrial land to 13 companies, including Adani Enterprises and Dixon Technologies, in a move that would bring in investments worth Rs 3,870 crore in Noida region, Uttar Pradesh. Adani Enterprises has been allotted 39,146 sq metres of land in Sector 80 for a proposed data […]

Fresh wave of coronavirus cases slows down office space leasing, firms put plans on hold

Corporates are again going to wait-and watch mode and putting the office space leasing decision on hold as the fresh wave of covid has created the uncertainty, according to property consultants. Office space leasing has already been slow since the imposition of first lockdown and companies shifting to work from home for long term. With […]

UP-RERA prepares draft guidelines on formation of residents’ welfare associations

NEW DELHI: In many group housing societies across UP and NCR, maintenance of common areas remains a bone of contention between residents and promoters. Often there are disputes relating to quality, charges and transparency in collection of monthly maintenance charges. However, the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has now prepared draft guidelines to […]

DDA gives preliminary nod to master plan-2041 for Delhi

NEW DELHI: The advisory council of the Delhi Development Authority (DDA) on Tuesday gave its preliminary approval to the draft Master Plan for Delhi-2041. The draft will now be put in the public domain for inviting objections/suggestions from the people of Delhi, said a DDA spokesperson. The DDA has prepared a draft MPD-2041, giving more […]

Delhi: Rental housing in focus with eye on locations close to metro stations

NEW DELHI: Synonymous with flats ranging from those for higher income groups to one-room Janta flats, Delhi Development Authority (DDA) will now be focussing on ‘rental housing’ for the first time, as part of its Master Plan for Delhi (MPD) 2041. The draft MPD was preliminary approved in the authority’s meeting chaired by LG Anil […]

NGT directs Prateek Grand City’s builder to permanently dismantle all borewells

NEW DELHI: The National Green Tribunal has directed a builder in Ghaziabad to permanently dismantle all borewells and banned use of potable water for construction. A bench headed by NGT Chairperson Justice Adarsh Kumar Goel passed the order after perusing a report filed by a committee which found that there are illegal tube wells and […]

Gurugram residents raise electricity-related issues with Haryana power minister

GURUGRAM: At a meeting with Haryana power minister Ranjit Singh Chautala on Monday, residents of the city aired their grievances on various electricity-related issues, including inflated bills due to defective smart meters, irregular billing, poor power infrastructure and lack of its upkeep, and poor consumer redress mechanism. Jaimini Vandana, RWA president of South City-1, said, […]

Greater Noida development body set to switch to online mode from May 1

GREATER NOIDA: To regulate entry of visitors to its office, GNIDA is gradually shifting its working to the online mode. The authority has asked residents and allottees to file all applications and service requests online from May 1. Officials said that 203 services have already been digitised and will be offered through the web portal. […]

Two illegal colonies razed in Manesar, 10 acres of prime land freed

GURUGRAM: The enforcement team of the department of town and country planning (DTCP) razed two illegal colonies spread on 10 acres of prime land in Bhangrola village of Manesar on Monday. During the demolition drive, three under-construction houses, two warehouses, 10 other structures and a borewell were razed by the enforcement team. The team also […]

CPP Investments to invest Rs 1,500 crore in its JV with RMZ Corp to build office spaces

NEW DELHI: Realty firm RMZ Corp has tied up with Canada Pension Plan Investment Board to develop office complexes in Chennai and Hyderabad and the latter will invest Rs 1,500 crore (USD 210 million) in the joint venture. Bengaluru-based RMZ Corp, which is one of the leading commercial real estate player, said it has entered […]

Gurugram: Twenty bouncers in tow, OSB Group tells buyers project delayed

GURUGRAM: After repeated requests of meeting, two representatives sent by the builder of OSB Expressway Towers, an affordable housing project in Sector 109, met a group of aggrieved homebuyers in the presence of 20 bouncers on Sunday. According to the buyers, since its launch in 2016, only 50% of the work has been completed. The […]

Chandigarh administration slashes collector rates of commercial properties

CHANDIGARH: The UT administration has reduced the collector rates of commercial properties by 5 % to 10%. The decision was taken in a meeting chaired by deputy commissioner Mandip Singh Brar. Collector rate in Industrial Area, phases I and II, was decreased by 5% and 10 % in SCOs/ SCFs/ bay shops in sectors of […]

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