News Archives - Page 251 of 336

20 Mar

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Coimbatore: Owners of construction sites fined as workers were found not wearing masks

COIMBATORE: Coimbatore Corporation commissioner Kumaravel Pandian on Thursday inspected Covid-19 preventive measures taken up in the central zone. The commissioner ordered a total fine of Rs 5,000 on owners of construction sites where workers were not wearing masks. He stopped people riding two-wheelers and driving vehicles and ordered them to wear masks even while commuting. The commissioner inspected central […]

19 Mar

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DDA approves modifications in transit oriented development policy

NEW DELHI: The DDA on Thursday approved modification in the Transit Oriented Policy (TOD) for the city, seeking to unlock the latent economic potential by facilitating compact vertical development around public transport hubs, officials said. The decision was made during a meeting of the Authority, the highest decision-making body of the Delhi Development Authority chaired […]

19 Mar

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Haryana government asks co-operative societies to put records online

GURUGRAM: To reduce the number of fraud cases in property purchases, the Haryana government has decided that all records of the housing cooperative societies in the state will be taken online. The cooperation department has appealed to the members of the registered housing societies to submit their data for verification by the office of the […]

19 Mar

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Flexible workspaces to lease three million sq ft of space in 2021: Report

NEW DELHI: During 2021, flexible workspace operators are likely to lease about 3 million sq ft of space across the top six Indian cities, as operators are likely to focus on signing large enterprise-level deals and cut down on speculative centers, according to a recent report by Colliers India. During 2020, flexible workspace operators leased […]

19 Mar

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Asset management firm MPowered acquires one lakh sq ft in Gurugram

Asset management firm MPowered, which recently raised $ 21 mn in a pre-series A round from US-based investors, has acquired 100,000 sq ft of commercial space in Gurgaon. Apart from the acquisition cost, the company has invested Rs 12-15 crore in refurbishing the building into a Grade A asset. “We have converted this B-grade property […]

18 Mar

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Over 10.75 lakh homes constructed under PMAY-U during pandemic: Housing Minister

NEW DELHI: Over 10.75 lakh houses have been constructed under the Pradhan Mantri Awas Yojana (Urban) during the COVID-19 pandemic so far, and Uttar Pradesh tops the chart with more than 2.55 lakh such units, Parliament was informed on Wednesday. In a written reply to a question in Rajya Sabha, Union Housing and Urban Affairs […]

18 Mar

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Gulshan Group invests Rs 258 crore to develop commercial project in Noida

NEW DELHI: Gulshan Group has invested about Rs 258 crore in a commercial project-Gulshan One29 situated in Noida, the company said in a media release. The project, spread in 4.75 lakh sq ft, is expected to be delivered in July 2021. “We aim to deliver five million sq ft of space by 2023, which includes […]

18 Mar

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DDA invites application from builders for slum rehabilitation of JJ Cluster

Delhi Development Authority has invited Request For Proposal (RFP) to select private partner to undertake In-Situ slum rehabilitation of JJ Cluster at Dilshad Garden through Public-Private Partnership on Design, Build, Finance, Operate and Transfer (DBFOT) basis. The project area is 6.236 hectare and the indicative project cost is Rs 468.10 crore. The eligible slum dwellers […]

18 Mar

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Alaknanda towers crumbling, Ghaziabad development body asks residents to vacate

GHAZIABAD: Expressing concern over the deplorable condition of a highrise complex in Vaishali, the Ghaziabad Development Authority (GDA) has recently asked the resident’s body of the apartment complex to immediately vacate the building till the time retrofitting of the entire structure is not done. In a letter to the resident welfare body of Alaknanda towers […]

17 Mar

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NAREDCO Uttar Pradesh urges its members to submit registry plan to authority

The National Real Estate Development Council (NAREDCO) has urged the developers to start the registry of flats as the local authority in Noida and Greater Noida has started a drive for the same. The association of developers said that the UP government has accepted the proposal to allow registry of flats on deposit of land […]

17 Mar

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Builders to clear dues to end registry logjam in Noida & Greater Noida

NOIDA: Private builders announced on Tuesday they would start making payments to the development authorities in Noida, Greater Noida and the Yamuna Expressway to end the stalemate over registries. According to an estimate prepared by the developers, more than 50,000 buyers are waiting to get their properties registered in the district. These buyers have invested […]

17 Mar

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Mahindra Lifespace acquires nearly 8 acres of land in Bengaluru

NEW DELHI: Realty firm Mahindra Lifespace Developers Ltd on Thursday said it has acquired 7.89 acres of land to develop a residential project in Bengaluru. The project will offer about 5 lakh sq ft of carpet area. The launch of the project is planned for FY 2022, the company said in a regulatory filing. It […]