NOIDA: The government-backed construction company — National Buildings Construction Corporation (NBCC) — has sought from the Supreme Court four weeks more to assess whether it needs to submit a fresh and modified resolution plan to the National Company Law Tribunal (NCLT) for the construction of 17,000 flats in Wish Town. The NBCC application, submitted with […]
NEW DELHI: The Enforcement Directorate has attached assets worth over Rs 197 crore in connection with a money laundering case registered against real estate firm Unitech Group, the agency said on Saturday. A total of 10 properties, including a resort each in Sikkim (Gangtok) and Kerala (Alappuzha), have been provisionally attached under provisions of the […]
To attract more software companies in the region, Noida Authority has allotted a 60,000 sq metre institutional plot in Sector 145 at a land premium of Rs 103.66 crore to Microsoft India (R&D) Pvt Ltd for use as an IT or ITeS facility. “This will increase employment opportunities in the NCR and attract more software […]
NEW DELHI: Cement maker Dalmia Bharat Ltd on Friday said securities worth Rs 344 crore have been credited back to the demat account of its arm by IL&FS Securities Services following an order of the Supreme Court. Mutual fund units of its two erstwhile subsidiaries were earlier “fraudulently and illegally transferred” by Allied Financial Services […]
NEW DELHI: Cement maker Dalmia Bharat Ltd on Friday said securities worth Rs 344 crore have been credited back to the demat account of its arm by IL&FS Securities Services following an order of the Supreme Court. Mutual fund units of its two erstwhile subsidiaries were earlier “fraudulently and illegally transferred” by Allied Financial Services […]
Noida authority has allotted 60,000 square metre institutional plot to Microsoft India (R&D) pvt ltd at the premium of Rs 103.66 crore. As per the agreement, the company will have to deposit 40% of the amount within a month to execute the sale deed while remaining 60% need to paid in eight instalments in four […]
NEW DELHI: The environment department has issued guidelines that any goods vehicle proposed to be used for carrying construction and demolition (C&D) waste should be fitted with GPS to enable live monitoring by the civic agency. Only CNG-based vehicles will be allowed to carry C&D waste and a camera should be fitted in the rear […]
Commercial real estate developers involved in building rental assets have urged the government to not levy 18% GST in case of joint development agreement (JDA) between landowner and developers. If a developer buys land upfront, they pay just stamp duty on it but if they opt for a JDA model, they pay both stamp duty […]
GURUGRAM: The department of town and country planning (DTCP) has filed FIRs against five plot owners in Palam Vihar for allegedly violating the layout plan during construction of their houses as well as occupation certificate conditions. The builders, architects and buyers of the illegal properties have also been booked for the same offences, officials said. […]
GURUGRAM: The fire department issued a notice to the developer of Mapsko Casabella in Sector 82 after finding several shortcomings in the fire safety system installed in the society. The developer has been directed to rectify the problems and submit a compliance report within 15 days from the issuance of the notice that was given […]
NOIDA: A group of nine developers, which has been unable to execute tripartite sub-lease deeds of their group housing projects in Sector 79, on Tuesday submitted its proposal to the Noida Authority for developing amenities in the Sports City. These developers established Sports City Development Private Limited, a consortium, last month after holding several rounds […]
Singapore sovereign wealth fund GIC has entered into an agreement to buy an Information Technology-Special Economic Zone (IT-SEZ) spread over 1.1 million sq ft in Hyderabad’s Gachibowli locality from the Phoenix Group for Rs 1,050 crore, persons with direct knowledge of the development said. The entire development, Phoenix Aquilla, has two towers spread over 1.8 […]
