NEW DELHI: The new housing scheme of the DDA, with nearly 1,350 flats on offer, is scheduled to be launched on January 2, officials said. Under the scheme, everything from processing of applications to possession of flats will be done through the newly developed AWAAS software of the Delhi Development Authority (DDA), a senior official […]
GURUGRAM: After pooling in money to construct a road, the residents of Ardee City have again pooled in money to replace the defunct street lights. Residents pointed out that most of the street lights in the colony have been lying defunct for the past many years and despite several complaints to the builder, it has […]
The tiff between global real estate developer Emaar Properties and its erstwhile joint venture partner MGF Developments is set to grow with the latest National Company Law Tribunal (NCLT) directive restraining the Indian developer from creating any third-party rights on a land parcel in Gurgaon till further orders. Emaar has received this NCLT order against […]
NEW DELHI: The Delhi High Court on Wednesday extended the interim bail of Unitech promoter Sanjay Chandra, who was arrested for allegedly cheating home buyers, till January 21 on medical grounds. A vacation bench of Justice Vibhu Bakhru granted the relief to Chandra, who was earlier released on interim bail by a trial ground for […]
NEW DELHI: Realty firm Ansal Properties & Infrastructure Ltd on Wednesday said the company has agreed to sell its entire 66.24 per cent stake in IT SEZ in Greater Noida to Migsun group. In a regulatory filing, Ansal Properties said the company has entered into an agreement to sell its entire shareholding of 66.24 per […]
GURUGRAM: The Haryana government has notified the expansion of the Municipal Corporation of Gurugram’s (MCG) limits by bringing 16 more villages under the civic body. The proposal for the expansion had been approved in a meeting chaired by the chief minister in Chandigarh earlier this month. After the government notified the order on Monday, MCG […]
CHANDIGARH: In a decision to protect the rights of property owners by checking fraudulent transfers, the Haryana government has issued a notification amending the Haryana Registration Manual. Additional Chief Secretary and Financial Commissioner, Revenue and Disaster Management Department, Sanjeev Kaushal said here on Tuesday that the amendment had been made to ensure that persons with […]
The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has said it plans to approach the RBI after developers complained that banks aren’t disbursing project receivables for construction, a step that will lead to delays in home delivery. National Real Estate Developers Council (NAREDCO) had recently raised the issue of banks not allowing developers use of […]
NEW DELHI: Hemisphere Properties, the company demerged with the surplus land of VSNL (now Tata Communications Ltd), has announced that the value of its land parcels which can be monetised is to the tune of Rs 19,000 crore based on current circle rate prices. At its annual general meeting held on Tuesday, the company announced […]
GURUGRAM: The work on demolition of illegal farmhouses on forested Aravalli Hills region will start as soon as a duty of magistrate is appointed, said an official. The operation will be carried out in January. The Forest Department has demanded the district administration to appoint a Duty Magistrate. The National Green Tribunal (NGT) has issued […]
The department of town and country planning (DTCP) has cancelled the licence of a residential plotted colony spread over 84 acres due to non-payment of external development charges (EDC) of around Rs 22 crore. The residential project, being developed by Vatika Ltd, is spread in sectors 81, 82, 82A, 83 and 84, and the licence […]
NEW DELHI: In 2020, the net absorption of office spaces in top seven cities dipped by 44% when compared to 2019, according to JLL India. In 2019 the net absorption crossed 46 million sq ft while in 2020 it has reached about 25.82 million sq ft. In the Jan-March 2020 quarter the net absorption was […]
