NEW DELHI: JLL believes that India’s current office markets across seven major cities have potential space of 284 million sq ft that could be securitised with an estimated value of Rs 2,62,800 crore. “This estimate was based on buildings that meet two important criteria – single ownership and large floor space with high occupancy rate. […]
NOIDA: Residents of 7x sectors in Noida and Noida Extension have appealed to the Noida and Greater Noida authorities to ask builders to prevent wastage of groundwater extracted at construction sites. Residents claimed that project sites in Noida Extension often dewater the aquifers (underground layers of water-bearing rock) over long periods of time and this […]
Microsoft has joined other corporate giants in assessing the best way to bring workers back to the office, a year after the pandemic sent home employees, who had to learn how to be productive on video conference calls while juggling interruptions from families, pets and the doorbell. The tech giant announced Monday that it would […]
NEW DELHI: North Delhi Municipal Corporation on Sunday claimed to have collected Rs 569 crore as property tax till March 19 this year. The corporation claimed it is Rs 28 crore more than the tax collected in the financial year 2019-20. Jai Prakash, mayor of north corporation, said that the boost in property tax collection […]
In one of the most significant flexible office transactions this year, Simpliwork has leased over 1.85 lakh sq. ft. of space in Gurugram as it looks to expand its operations across the country. The firm has leased spaces across DLF Cyberhub and Cyberpark on a long-term lease. “We are looking at a much more aggressive […]
NEW DELHI: Delhi High Court has ordered a CAG audit of the accounts of the Commonwealth Games Village flats from 2012, since when the common area maintenance (CAM) charges are being levied. Justice V Kameswar Rao took the decision after the nodal officer informed the high court that an internal audit has been carried out […]
GURUGRAM: Construction activities are still going on in the protected Raisina hills of the Aravalis even though show-cause notices were issued to the owners of over 150 farmhouses last week. A visit to the site on Wednesday showed that construction was underway at six sites in Ansals Aravali Retreat, involving the clearing of land, digging […]
NEW DELHI: The standing committee of the North Delhi Municipal Corporation on Friday proposed to regularise “illegal and extra construction work” done in ‘co-owned houses’ of a certain category, which were built before 2012, after payment of penalties, the civic body said. A resolution to this effect was passed by the NDMC panel in its […]
GURUGRAM: Homebuyers of Umang Winter Hills said they feel cheated as even after paying huge amount as external development charges, they are still not getting the basic facilities. Over 130 families live in the Sector 77 society for the past one year but find commuting very difficult in the area in the absence of a […]
NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has imposed penalties under Sec-63 of RERA upon Supertech, Mahagun India, Ansal Properties and Infrastructure, Logix Infrastructure, among others for the non-compliance of the orders of the authority. Penalties worth a total of Rs 1.24 crore have been levied. Other builders’ name include Nivas Promoters, […]
NOIDA: More than Rs 10,000 crore are to be recovered from as many as 52 group housing projects in the city, which have been issued partial completion certificates, according to the Noida Authority. And without full or partial settlement of dues, giving permission to conduct registry is difficult, officials said. Following the directives of the […]
GURUGRAM: Hundreds of homebuyers in the new sectors and villages, falling under the extended area of Municipal Corporation of Gurgaon (MCG), are unable to register their properties due to irregularities in issuing of property ID, a unique identification number given to each property. Not just this, some civic officials have issued IDs to unauthorised properties, […]
