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Noida: Housing societies to face action for violating STP norms

NEW DELHI: The Noida Authority is gearing up to act tough on group housing societies if they continue to violate the STP norms. Apart from laying a good STP network in the city, the authority is in process to ensure developers managing the society do not release untreated water outside the society premises. The authority […]

Delhi government launches campaign for registration of construction workers

NEW DELHI: The Delhi government launched a month-long campaign on Monday for registration of construction workers in the city, Deputy Chief Minister Manish Sisodia said here. “The registration camps are being set up at 45 places in the national capital for construction workers. A door-step facility will also be available wherein the workers can call […]

Twelve builders in Gurugram fail to submit project details, may face action

GURUGRAM: As many as 12 developers in the city are likely to face action for their failure to provide details on their projects. The district town planner has written to the director of town and country planning department (DTCP) seeking action against them. In a move to streamline the registration process, the DTCP had sought […]

Construction work of Jaypee Greens Knight Court resumes

NEW DELHI: More than 300 homebuyers of the project Jaypee Greens Knight Court of Jaiprakash Associates (JAL) will have a sigh of relief now as finally the construction work at the site of their project has resumed. The total cost of completing the remaining work of this project comes to Rs. 145.5 crore out of […]

Gurugram civic body junks DLF plea for more time to finish pending infrastructure

GURUGRAM: The Municipal Corporation of Gurgaon (MCG) has declined a request by DLF to give it time till December to complete all pending work at three of its licenced colonies — DLF phases 1, 2 and 3. Municipal commissioner Vinay Pratap Singh has instead asked the developer to complete all work related to roads, drains […]

Ghaziabad development body raises cost of houses under PMAY

GHAZIABAD: The Ghaziabad Development Authority on Saturday enhanced the cost of new houses to be built under the Pradhan Mantri Awas Yojna in the district. The new houses under the PMAY will now cost Rs 6 lakh instead of Rs 4.5 lakh, GDA Vice-Chairman Krishna Karunesh said. In its board meeting chaired by GDA Chairperson […]

No capital infusion by Punjab National Bank in housing finance subsidiary

NEW DELHI: Punjab National Bank (PNB) will not participate in capital raise plans of its housing finance subsidiary, PNB Housing Finance, but the company will continue to scout for raising equity from other sources, according to a regulatory filing. In August last year, PNB Housing Finance Ltd had informed about its plan to raise tier […]

DLF Cyber City Developers completes acquisition of 51.8% stake in Fairleaf Real Estate

NEW DELHI: DLF Cyber City Developers Ltd (DCCDL), a subsidiary of DLF Ltd, has completed the acquisition of 51.8 per cent stake in Fairleaf Real Estate Private Ltd for Rs 779.40 crore. Consequent to the transaction, Fairleaf has become a wholly-owned subsidiary of DCCDL, DLF said in a regulatory filing on Thursday. “We would now […]

Expecting telcos to pay for access to residential buildings ‘wrong’ mindset : TRAI secretary

NEW DELHI: Minimum standards need to be developed for provision of telecom services within buildings and residential complexes and the “wrong” mindset that telcos should pay to get access for laying down infrastructure in housing complexes must change, a senior TRAI official said. The growth of telecommunications, the underlying ‘critical infrastructure’, is closely linked to […]

315Work Avenue leases around one lakh sq ft workspace in Bengaluru

BENGALURU: Coworking space provider 315Work Avenue has taken a total of around one lakh sq ft of office space on lease here to set up two new centres as it sees strong traction from large enterprises post the lockdown. These 2 Grade-A office space centres located at Koramangalaand Old Madras roadwill have around 2000 seats, […]

North Delhi civic body attaches 80 properties over tax evasion

NEW DELHI: Taking strict action against commercial properties evading property tax or not doing assessment according to Delhi Municipal Corporation (DMC) Act, North Delhi Municipal Corporation has issued notices to at least 1,244 properties this month. These include prominent hospitals, education institutes and other commercial establishments in areas under Karol Bagh and Civil Lines zones. […]

IKEA to invest Rs 55 billion to develop 48,000 sq metre plot in Noida

STOCKHOLM: IKEA plans to open its first shopping centre in India after the furniture giant’s shopping centres business – one of the world’s largest – said it had bought a 48,000-square-metre plot in the city of Noida on the outskirts of Delhi. IKEA, which opened its first store in India in 2018 in Hyderabad followed […]

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