NOIDA: The Noida Authority on Monday allowed private developers to pay lease rent dues in instalments. The move will help around 30,000 homebuyers who are waiting to get their properties registered. According to a rough estimate, there are close to 50 highrise projects in the city where around 30,000 buyers have not been able to […]
GURUGRAM: A five-acre prime land on Old Delhi Road was cleared by the enforcement team of the Municipal Corporation of Gurgaon (MCG) on Monday. District town planner (enforcement) R S Batth carried out the demolition drive and razed an illegal colony which was being redeveloped by the builder. Earlier, the civic body had razed the […]
NEW DELHI: NCR-based Ocean Infraheights Private Limited, will invest Rs 450 crore in developing 3 million sq ft of commercial and retail hub in Greater Noida (west), a senior company official said. Spread in 25-acre, the project Golden I was acquired from another company, who couldn’t continue with the construction. “The demand for office space […]
GURUGRAM: The deadline to submit objections and suggestions to the proposed hike in circle rates in Gurgaon for the 2021-22 fiscal has been extended to January 25, officials said. Earlier, the deadline was January 15. The decision to extend the deadline by 10 days was taken by Sanjeev Kaushal, additional chief secretary and financial commissioner […]
NEW DELHI: The government should allow commercial real estate developers to set off GST paid on inputs like cement from the tax liability on rental income to avoid double taxation and give a boost to the office market to help India maintain its advantage in various sectors like IT and startups, realty firms and consultants […]
NEW DELHI: DLF Ltd, the country’s biggest real estate developer, is restructuring existing loans with a target of saving Rs 300 crore annually, taking advantage of the benign interest rate environment, said a senior company executive. The gross debt of DLF at the group level is close to Rs 25,000 crore and the company is […]
NEW DELHI: Godrej Fund Management (GFM), the real estate private equity arm of the Godrej Group, has achieved the first close of its Rs 3,700 crore (USD 500 million) office development platform, GBTC II in partnership with Netherlands based APG Asset Management N.V. (APG), the cornerstone investor in the platform, the company said in a […]
NEW DELHI: Around 20 lakh people live in 675 slum clusters that dot the capital and out of these, 499 are on land belonging to Delhi Development Authority (DDA) and the central government. Even as work is going on for a decade on DDA’s in situ slum redevelopment projects at Kathputli Colony and Kalkaji and […]
CHANDIGARH: In a New Year’s day gift for those intending to get change of land use (CLU) permissions for individual or institutional purpose, the Haryana Town and Country Planning department on Friday launched a total online service for CLUs. With this, the applicants will get the CLU permission within 30 days and would be required […]
NEW DELHI: The Chandigarh-bench of National Company Law Tribunal (NCLT) has admitted a petition filed against Omaxe Ltd over alleged acts of oppression and mismanagement claiming by the company and its management. The petition filed by Sunil Goel, the former Joint Managing Director of the company levels allegations against Rohtas Goel, the Chairman and Managing […]
NOIDA: Year 2021 has started with double workload for the builders of Noida and Greater Noida, with the backlog of 2020 piling up on the deliverables of this year, which effectively means that deadlines for the current year too are likely to shift. Apart from around 60,000 units from last year that are to be […]
GURUGRAM: The municipal corporations of Gurgaon (MCG) and Manesar (MCM) are planning to digitise the records of the areas under their jurisdictions. Officials said they have started collecting records from 45 villages falling under the two corporations and will soon digitise these records. These records include details of land, fixed deposits, proceeding books of meetings, […]
