NEW DELHI: North Delhi Municipal Corporation has planned to create a model residential tower and a commercial complex as a pilot project to carry out redevelopment of old Delhi areas. Two sites were selected and a special area redevelopment plan was submitted to the Delhi government’s urban development department on Tuesday, a senior official said. […]
NEW DELHI: The Supreme Court was on Thursday informed that SBI Capital fund of Rs 625 crores is finally going to be released by the next week to finance the six unfinished projects of Amrapali real estate company to ensure delivery of flats to the homebuyers. A bench of the apex court, headed by Justice […]
GURUGRAM: MCG commissioner Vinay Pratap Singh has directed the taxation department to lodge FIRs against residents and societies if they do not cooperate with property tax surveyors. The commissioner gave directions after receiving complaints that a number of condominiums and other housing societies, especially in the new sectors, are not allowing surveyors on their premises […]
GHAZIABAD: The Ghaziabad Municipal Corporation (GMC) has mooted a proposal to levy property tax under three heads — residential, commercial and mixed properties — at an executive meet held on Wednesday. The corporation has hired an agency that is carrying out a geographic information system (GIS) survey to identify properties for taxation. It is expected […]
NEW DELHI: Bank of Baroda (BoB), the lead lender of Reliance Home Finance Limited representing 34 banks and institutions has dragged SP Group to Delhi High Court. BoB alleges that SP Group has refused to join the resolution process and is stalling the resolution process and also not cooperating with other lenders. BoB has filed […]
Noida authority has threatened to take action against real estate developers who have offered possession to homebuyers without doing the registry. The authority conducted inspection of 18 housing societies and found people living there for 4-5 years without registry, causing revenue loss to the state government. “Builders have been asked to complete the documentation in […]
GURUGRAM: Around 25 acres of forest land have been allegedly encroached upon in the Aravalis in Faridabad’s Ankhir village. No non-forest activity is permitted in the area, as it falls under Sections 4 and 5 of the Punjab Land Protection Act (PLPA), 1900. As many as five new illegally-built farmhouses have come up in Ankhir. […]
NEW DELHI: The National Green Tribunal has issued a slew of directions to the chief secretaries of the states and union territories, and the Environment Ministry on a batch of applications relating to updation of enforcement and monitoring mechanism to control and regulate illegal sand mining, including riverbed sand mining. Some of these applications have […]
GHAZIABAD: Land hurdles for the ambitious Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) project have been resolved, TOI has learnt. At a recent meeting with UP chief minister Yogi Adityanath in Lucknow, the National Capital Region Transport Corporation (NCRTC) had raised the issue of requirement of 22,225 sqm land at three places along the RRTS route, […]
NEW DELHI: The Supreme Court Tuesday was “appalled” over arrest of court-appointed Interim Resolution Professional (IRP) for managing the affairs of debt-ridden Jaypee Infratch Limited (JIL) in a criminal case by Uttar Pradesh police and ordered his forthwith release while issuing a show cause notice to an erring cop. The apex court observed that the […]
GURUGRAM: The department of town and country planning (DTCP) has begun massive drive against the commercial establishments that were operating in the residential buildings illegally in Gurugram. On Tuesday, the DTCP has sealed over 150 commercial establishments and demolish two illegal under-construction building at U1 lane in DLF Phase-3 in Gurugram. People were running saloons, […]
NEW DELHI: Realty firm Prestige Estates Projects on Tuesday said it has signed definitive agreements with global investment firm Blackstone to sell 12 assets/undertakings comprising completed office, retail and hotel properties in the first phase of Rs 9,160-crore deal. In November last year, the Bengaluru-based firm had signed term sheet to sell a large portfolio […]
