GHAZIABAD: Three supervisors of the Ghaziabad Development Authority (GDA) have been suspended for allegedly conniving with builders for illegal constructions, officials said on Monday. Besides, recommendations have been sent to the state government to suspend two junior engineers, they said. Executive engineer Manavendra singh, junior engineers Luv Kesh Kumar and Shiv Om Tyagi have been […]
GURUGRAM: The department of town and country planning (DTCP) has directed three developers with incomplete affordable housing projects not to charge their homebuyers instalments for now. The move comes after the department received several complaints from the buyers of four such projects launched by Raheja Developers, Ocean Seven Buildtech (OSB) and Renuka Traders. A senior […]
NOIDA: The homebuyers of Wish Town’s Knights Court project are set to take charge of the completion of their flats after a series of negotiations with Jaiprakash Associates Limited (JAL). A joint agreement undersigned by the buyers’ association of Knights Court and JAL has been presented to UP-Rera and the regulator is all set to […]
NEW DELHI: Real estate developer M3M has repaid Rs 500 crore debt since lockdown was lifted and the company is on course to clear the balance liabilities of about Rs 1,700 crore by March 2022, its director Pankaj Bansal has said. “We have committed receivables of Rs 1,500 crore from the commercial and residential properties […]
NEW DELHI: Business conglomerate Shapoorji Pallonji’s real estate platform Joyville will invest around Rs 400 crore to develop the third phase of its housing project in Gurugram as demand for residential properties has recovered from June last year, a senior company official said on Sunday. In an interview with , Joyville Shapoorji Housing Managing Director […]
NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has penalised 11 promoters of Rs 2.5 crore for non-compliance of its orders. The authority passed these orders under the provisions of Section 63 of the RERA Act which empowers the Authority to impose penalties up to 5 per cent of the cost of the […]
CHANDIGARH: Due to the heavy penal interest of 15% per annum, arrears of extra development charges (EDC) and infrastructure development charges (IDC), to the tune of Rs 21,678.88 crore, are outstanding towards the real estate developers across the state. Nearly 80% arrears are penal interest on EDC and, in the case of IDC, the penal […]
NEW DELHI: The Delhi Development Authority (DDA) has received as many as 9,714 applications and payments from 2,955 applicants until Friday for Housing Scheme – 2021 offering 1,350 flats, a senior official told IANS. The official said that a total of 49,416 applicants have registered under the scheme. “The response to the scheme is great. […]
NEW DELHI | MUMBAI: Occupancy at malls have still not reached pre-Covid level even after reduced rentals and a Covid-19 triggered churn amongst clients that saw top retailers grab marquee properties across the country, said a report by a real estate consulting firm. Vacancies at malls in NCR, Pune, Bengaluru, Chennai and Hyderabad have risen […]
NOIDA: The Noida Authority’s vending zone policy, which was aimed at bringing down congestion and make the city’s roads encroachment-free, is yet to take shape on the ground. Launched in December 2019, the Noida Authority had identified 4,200 vendors and hawkers across the city for the survey. It had asked vendors to pay charges for […]
Realtors’ apex body CREDAI has suggested the government to increase tax exemptions in the upcoming Budget to boost housing demand and enhance limit of deduction under section 80C of income tax for principal repayment on home loans. It also said that there should be a separate exemption for principal repayment on home loans. The Budget […]
NEW DELHI: To motivate residents segregate household waste, South Delhi Municipal Corporation (SDMC) has proposed to spend up to Rs 10 lakh for development work in areas where residents welfare associations (RWAs) are doing 100% segregation as per the solid waste management norms. The standing committee chairman, Rajdutt Gahlot, has proposed allocation of Rs 5 […]
