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 […]
GURUGRAM: A peculiar fallout of the creation of a second civic body in the city is being witnessed at Vatika India Next, a 700-acre township spread across sectors 81-85, which finds its precinct split between the municipal corporations of Gurugram and Manesar. The jurisdictional quirk is not new to its residents, who have been voting […]
NEW DELHI: Industrial and warehousing space absorption is expected to grow by 83% to 47.7 million sq ft in 2021, driven by a robust growth in e-commerce and manufacturing sectors as well as rising demand in emerging tier I and tier II cities, according to Savills India, a global property consultancy firm. The 3PL and […]
GURUGRAM: Shashank Singh, an IT professional who bought a flat in Godrej Aria in Sector 79 in August last year, could not get his property registered in his name due to some glitches in the registry software. He had even purchased stamp paper and was eagerly awaiting for the registration process, halted by the government, […]
NEW DELHI: The National Green Tribunal (NGT) has directed a housing project in Punjab’s Mohali to stop construction activity noting that it lacked the requisite environmental clearance (EC). The green panel said that commencement of a project without EC has detrimental effect on the environment. A bench headed by NGT Chairperson Justice A K Goel […]
GURUGRAM: The demolition drive at farmhouses built on forest land in Gurugram district will be taken up next week, for which a committee has been formed and Duty Magistrate appointed, officials said on Sunday. According to a Forest Department survey, about 100 farmhouses have been built on forest land in the Aravalli area in Gurugram […]
NOIDA: Peeved over the alleged delay in delivery of their flats, scores of homebuyers, including women, held a protest outside a private builder’s office here on Saturday. The aggrieved homebuyers of Mahagun Mywoods in Noida Extension (also called Greater Noida West) gathered outside the head office of Mahagun Group in Sector 63 here, carrying placards […]
GURUGRAM: Unable to get any relief from the developer on maintenance and related issues, the residents of Emaar Gurgaon Greens in Sector 102 sat on a hunger strike at the entrance gate of the society on Sunday. Despite raising their concerns with CM window, DTCP and other agencies, none of their issues — structural and […]
GURUGRAM: In order to provide better governance, the Municipal Corporation of Manesar (MCM) has been divided into seven zones. MCM commissioner Vinay Pratap Singh issued an order specifying the zones for the new corporation. While zones 1, 2 and 3 are residential areas, zones 4, 5 and 6 are industrial zones and zone 7 is […]
CHANDIGARH: Nearly 60 officials from the revenue, town and country planning and urban development departments of Haryana are facing departmental proceedings for alleged violation of various rules, especially Sections 7 and 7A of the Haryana Development and Regulation of Urban Areas Act. This is consequent to the reports submitted by the divisional commissioners of Ambala, […]
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 […]
MUMBAI: MahaRERA in a recent order directed Conoor Builders to pay the owner of a flat in its Gateway project at Andheri west interest at marginal cost lending rate of SBI plus 2% for a nearly three-year delay in possession. The flat buyer’s lawyers pegged the amount at around Rs 60 lakh. MahaRERA member, Vijay […]
