News

Wait for possession of 348 DDA flats in Dwarka may be longer

NEW DELHI: Delhi Development Authority’s (DDA) Housing Scheme 2021 had on offer 1,354 flats as the land development agency only kept carefully chosen clusters in ‘sought after’ locations. However, the handover of the most sought after of these all — 348 middle income group (MIG) flats in Dwarka’s Sector 16-B costing Rs 1.2 crore each […]

Residential sales recover over 90% to pre-covid levels in Q1 2021: Report

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 a recent report by JLL. The cities including Chennai, Hyderabad, Kolkata, and Pune surpassed the sales volumes of Q1 2020. Mumbai has consistently been the largest contributor to sales […]

ED attaches over Rs 150-crore assets of Unitech Group promoters

NEW DELHI: Properties worth over Rs 150 crore of real estate firm Unitech Group have been attached in a money laundering case, the Enforcement Directorate (ED) said on Tuesday. The assets include a dozen of land pieces measuring a total of 48.56 acres in Gurgaon near Delhi. “The registered value of these land pieces comes […]

Gurugram: Months after DTCP order, no boundary wall yet for BPTP Park Serene

GURUGRAM: Residents of BPTP Park Serene in Sector 37 D have alleged non-compliance of department of town and country planning (DTCP) directions by the developer of the society. The residents complained that even after three months, the developer has failed to complete the construction of the boundary wall alongside the revenue road which is posing […]

Ascendas India Trust to buy 1.65 million sq ft at IT Park in Bengaluru for Rs 1,441 crore

NEW DELHI: Ascendas India Trust (a-iTrust) will acquire 1.65 million sq ft area at an IT park in Bengaluru for an estimated deal value of Rs 1,441 crore, according to a statement. Ascendas Property Fund Trustee Pte Ltd, the Trustee-Manager of a-iTrust, has entered into a forward purchase agreement with Gardencity Realty Pvt Ltd to […]

DDA prepares draft for master plan of Delhi-2041

NEW DELHI: The Delhi Development Authority (DDA) has prepared a draft for Master Plan of Delhi-2041, giving more emphasis on strategic and enabling framework for the future growth of the city. The MPD-2041 will come into effect soon after the MPD 2021 plan ceases, a senior DDA official told IANS on Friday. Under MPD-2041, the […]

Gurugram: Nine structures demolished for flouting building rules

GURUGRAM: The enforcement team of MCG on Friday demolished nine properties that encroached on the civic body’s premises, which were earlier sealed by it for violations. District town planner RS Batth said the enforcement team along with SDO and field staff visited the area after several people complained that a few property owners were illegally […]

Noida & Greater Noida authorities fail to find buyers for ready flats

NOIDA | GREATER NOIDA: Signifying an overall slowdown in the local real estate market, ready-to-move-in flats being offered by the industrial development authorities in Noida and Greater Noida are also struggling to find takers. Having been on the block for six months now, the authorities could sell just a handful of flats to date. In […]

Nearly 2,000 flats handed over to buyers in Noida & Greater Noida

NOIDA: Nearly 2,000 flats have been handed over to buyers in Noida and Greater Noida, officials said. The special camps organised to expedite the registry process of the apartments in the twin have resulted in the execution of 1,980 tripartite sub-lease deeds, officials said, attributing the two-fold increase in yield to a focused approach. Also, […]

Very few builders come forward to partially clear their dues with Noida authority

NOIDA: Not many developers in the city have come forward to partially clear their dues before the Noida Authority, a move that could have eased a stalemate over registry of flats. According to a rough estimate, around 50,000 buyers are awaiting registry of their flats because of this impasse over the way dues of the […]

UP-RERA to organise National Lok Adalat on April 10

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) under the guidance of U.P. state legal service authority will organise National Lok Adalat at its Lucknow headquarter and Greater Noida office on April 10, 2021 to resolve disputes of homebuyers. Lok Adalat will be conducted through an online medium. Complaints filed before the authority […]

Haryana government launches ‘tatkal’ deed appointment service

CHANDIGARH: The Haryana government has launched ‘tatkal’ appointment for an out of the turn and instant registration of properties in the state. In each tehsil, 10 appointment slots have been reserved for the tatkal service in addition to the 100 normal appointment slots. However, those opting for the tatkal scheme of property registration will have […]

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