NEW DELHI: Sunil Vachani, chairman and managing director of Dixon Technologies, has bought a sprawling 1,250 square yard bungalow in Lutyens’ Delhi for around Rs 170 crore in one of the biggest residential transactions since the lockdown, two people aware of the deal said. At Rs 1.5 lakh per square foot, the deal is also […]
xecutive Director, Pacific Group adding that about ten brands are on the verge of completing fit-out in 30-45 days which will take the occupancy to 97-98% in its three malls in Delhi-NCR. Mall owners also have seen retailers renew their leases and a few who had vacated their premises now looking for space. One major […]
NEW DELHI: Co-working firm Smartworks has given on lease over 80,000 sq ft of office space, comprising more than 1,300 desks, in its facility at Noida to an IT-software company as corporates look for flexible workspace amid COVID-19 pandemic. Leading property consultant Knight Frank India facilitated this leasing deal, one of the biggest in the […]
NOIDA: State-run construction company NBCC has put up for sale over 5,000 unsold flats at various Amrapali projects in Noida and Greater Noida to help generate revenue for completing the different pending projects of the real estate group in the twin cities. The sale of 5,229 unsold flats will be conducted by Amrapali Stalled Projects […]
GREATER NOIDA: The sewage department of Greater Noida Industrial Development Authority (GNIDA) has over the past three days unearthed and dismantled sewage exits from multiple residential complexes in Noida Extension. GNIDA officials claim that all these apartments have flouted sewage treatment rules and many have been sending untreated crude sewage directly underground or releasing the […]
NEW DELHI: The ongoing Covid-19 pandemic has impacted global economies and Indian real estate is not spared from the depths of despair. Hence real estate sector’s expectations from the upcoming Union Budget 2021 are high. NAREDCO, an industry body, is seeking estimated Rs 1,25,000 crore via many HFCs/NBFCs who they say are ready to establish […]
NEW DELHI: The Supreme Court (SC) of India on Monday ordered IREO Grace Realtech to refund buyers of phase 2 its project -The Corridors with 9% simple interest while directed phase 1 buyers to take possesion of their flats offering them compensation for the project delay as well. The builder had filed an appeal under […]
GURUGRAM: Buying a property in Manesar may soon get costlier as the district administration has proposed a hike in the circle rates in the town that was recently brought under a new corporation. Apart from Manesar, a hike in the circle rates in Gurgaon’s Wazirabad tehsil has also been proposed — a move that may […]
GURUGRAM: With the formation of the Municipal Corporation of Manesar (MCM), the Gurugram Metropolitan Development Authority (GMDA) will no longer be taking applications for granting permission of change of land use (CLU) in areas falling under MCM. The metropolitan authority has already started the process of transferring the land records of CLUs in Manesar and […]
NEW DELHI: Malaysia-headquartered IQI, an real estate agency and advisory firm, has launched operations in India with plans to invest Rs 100 crore to acquire grade A commercial and retail assets in the country, a senior official said. Besides facilitating real estate transactions, the company is looking to acquire fresh land to construct residential and […]
NEW DELHI: Giving relief to real estate developer, the Delhi Development Authority (DDA) has decided to not change the price for additional FAR (floor area ration) and land use conversion till June 30, 2021. “The additional FAR and use conversion for residential, mixed use, cooperative group housing societies (CGHS), and commercial properties were rationalised and […]
NEW DELHI: The Standing Committee of the South Delhi Municipal Corporation on Monday approved a proposal to grant factory licence for properties on industrial plots spanning all floors, officials said on Monday. Leader of House in the SDMC, Narendra Chawla said as there is no policy permitting issue of license on floors, other than the […]
