DLF Cyber City Developers Limited (DCCDL), the rental arm of DLF Group, has entered into a Securities Purchase Agreement with funds managed by Hines (Hines) for acquisition of their stake in Fairleaf Real Estate Private Limited (Fairleaf), which owns and operates One Horizon Centre. One Horizon Centre is an iconic asset forming part of a […]
NEW DELHI: Delhi Development Authority has put its ambitious Sanjay Lake View Complex project, which was on the backburner for the past few years, on the fast track. The project will have highrise apartments with uninterrupted view of the huge waterbody in east Delhi, apart from commercial units like hotels and lakefront plazas, promenades and […]
A year of some brisk move for one, staggered progress for the other. The year panned out differently for two sets of homebuyers who had both pinned their hopes on the National Company Law Tribunal (NCLT) for a resolution of their pending flats. Amrapali, with more than 30,000 flats to deliver in its housing projects, […]
GURUGRAM: For the past one week, several residents of JMD Gardens have been camping in the cold at the front gate. This, they say, is part of a 24/7 vigil. The builder, they allege, has posted about 20-25 people, including bouncers and security guards, outside the main entrance. The residents, wary they could create nuisance, […]
NEW DELHI: Real estate developers, architects and engineers involved in the construction of the project will be accountable for any structural defects for 10 years, according to new guidelines approved by the Delhi Development Authority (DDA) for decennial latent defect liability. Professionals such as architects, engineers and supervisors will have to take professional liability insurance […]
NEW DELHI: Realty major DLF on Friday said its rental arm DCCDL has entered into an agreement to acquire the stake of US-based Hines in a premium commercial project in Gurugram for Rs 780 crore. DLF Cyber City Developers Ltd (DCCDL), the joint venture firm of DLF and Singapore’s sovereign wealth fund GIC, has entered […]
NEW DELHI: The Union Cabinet on Wednesday approved an ordinance extending protection from punitive action to unauthorised colonies, JJ clusters and constructions in Delhi’s rural areas built on agriculture land for another three years, Union minster Prakash Javadekar said. The move will extend the legal protection for scores of illegal constructions and unauthorised colonies in […]
GURUGRAM: With the Haryana government approving the expansion of the civic body by adding 16 more villages to it, the Municipal Corporation of Gurgaon is set to take over services in these areas. Officials said the process is likely to take around 90 days after a government notification is issued. However, MCG commissioner has said […]
NEW DELHI: Embassy Office Parks REIT (Embassy REIT) has completed the acquisition of Embassy TechVillage assets (ETV) from the Embassy Sponsor, members of the Blackstone group and other selling shareholders for an enterprise value of Rs 97,824 million ($1.3 billion). Embassy REIT had previously announced this proposed acquisition on November 17, 2020. With this acquisition, […]
NEW DELHI: The Delhi Development Authority (DDA) has approved the change of land use of 10.26 hectare land in east Delhi, which will be developed as per the norms of Transit Oriented Development. According to the DDA, Sanjay Lake View Complex near Trilokpuri is one of the identified Transit Oriented Development project planned to be […]
GURUGRAM: The Haryana government on Wednesday decided to constitute a new municipal corporation (MC) at Manesar in Gurugram district by including 29 adjoining villages in it. A decision to this effect was taken in the meeting of the state cabinet held in Chandigarh under the chairmanship of Chief Minister Manohar Lal Khattar. The 29 villages […]
GREATER NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) has managed to break its past revenue records even in a pandemic-hit year. Half-a-dozen schemes launched by the Authority this fiscal have helped it achieve 50% more revenues than in the corresponding period of the previous financial year, officials said. This year by November 30, YEIDA […]
