News

DLF pre-leases 2.1 lakh sq ft space in Gurugram to Syneos Health

NEW DELHI: Realty major DLF has leased 210,000 sq ft of office space to US healthcare company Syneos Health, in one of the largest deals in commercial real estate in Delhi-NCR in recent times, three people aware of the development said. The company has taken space in DLF Downtown, an upcoming project in Gurgaon. The […]

Gurugram civic body seeks ‘shortest possible’ infra deadline for DLF-1, 2 and 3

GURUGRAM: Under pressure to take over DLF-1, 2 and 3 without further delay, the Municipal Corporation of Gurgaon (MCG) has directed the developer to submit a letter of commitment giving “the shortest possible deadline” for completing pending infrastructure work in the three licensed colonies. MCG chief Vinay Pratap Singh has also constituted a committee comprising […]

Manesar civic body to start mapping of its land this week

GURUGRAM: The Municipal Corporation of Manesar (MCM) will this week start demarcation of land under its jurisdiction to check the extent of encroachment. A meeting of the new team of MCM was recently chaired by municipal commissioner Vinay Pratap Singh to review the status of work. “We have completed the mutation of land under MCM. […]

Gurugram: Developers told to pay up as EDC dues cross Rs 8,000 crore

GURUGRAM: The Gurugram Metropolitan Development Authority (GMDA) has come out with a scheme to recover external development charges (EDC) in phases, at a time when dues from builders in the city have crossed Rs 8,000 crore. A notification issued by the development authority said a builder applying for change in land use will have to […]

Brookfield India REIT raises Rs 1,710 crore from 39 anchor investors

Canadian alternative investment major Brookfield Asset Management-backed Brookfield India Real Estate Trust has raised Rs 1,710 crore from 39 anchor investors including global institutional investors, insurance companies, mutual funds and long-only funds. Global entities including Schroders and Prusik apart from domestic financial institutions such as HDFC AMC, SBI Life, Tata AIG, HDFC Life, Kotak Mahindra […]

Gurugram: DTCP partly razes ten DLF-2 buildings for plan violations

GURUGRAM: The department of town and country planning (DTCP) partly demolished 10 newly-constructed residential buildings in DLF-2 for zoning plan violations on Monday. The enforcement team, during a recent inspection, had observed that the builders had constructed rooms in the stilt parking area and carried out violations in the zoning plan. While seven of the […]

Greater Noida: A decade on, farmers to get back YEIDA plots

GREATER NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) will soon start handing over plots to farmers whose land was taken up for industrial development in the region over a decade back. The Authority will start work on executing the registry of 809 abadi resettlement plots within a fortnight. And in six months, more than […]

Manesar civic body gets records of 26 villages, starts transfer of funds

GURUGRAM: The Municipal Corporation of Manesar (MCM) has received records of 26 out of 29 villages under the civic body, officials said. As the records are being compiled, MCM has also started transfer of funds from these panchayats to the corporation’s account. However, Shikohpur, which is one of the richest villages under the newly formed […]

Haryana RERA issues notice to Adani M2K Projects, may impose penalty

NEW DELHI: The Gurgaon bench of the Haryana Real Estate Regulatory Authority (RERA) has issued notices to Adani M2K Projects, a joint venture of Adani Realty and the M2K group, and property agent Naveen Associates for advertising a project without getting it registered with the authority. The Haryana RERA has also initiated penal proceedings against […]

UP-RERA allows JAL to complete Jaypee Greens Knight Court with buyers’ support

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has allowed Jaiprakash Associates (JAL) to complete the long-stalled work of the project Jaypee Greens Knight Court in co-operation with Association of Allottees namely, ‘Knight Court Social Welfare Association’ within 15 months. The total cost of completing the remaining work of this project comes to […]

Haryana pollution board fines two projects Rs 5 lakh each in Gurugram

GURUGRAM: The Haryana State Pollution Control Board (HSPCB) on Friday imposed a penalty of Rs 5 lakh each on two under-construction sites in the city for non-compliance with an NGT order on air pollution. The sites were found transporting construction materials through trucks. The material, however, was not properly covered and added to pollution, an […]

North Delhi civic body rolls out property tax amnesty schemes

NEW DELHI: North Delhi Mayor Jai Prakash on Thursday said the NDMC has introduced two property tax amnesty schemes for people including one for those living in 544 unauthorised colonies that were regularised. In a statement, the North Delhi Municipal Corporation (NDMC) said the first one is an extension of its property tax amnesty scheme […]

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