GURUGRAM: In the absence of any fixed source of income, the Gurugram Metropolitan Development Authority (GMDA) has proposed a slew of revenue generation measures to make itself financially self-reliant. The measures put up for the chief minister’s approval includes a 10% cess on property registrations and a 5% cess on new vehicle registrations in the […]
BERLIN: Gaurs group — a leading Indian realty firm — said today that it has entered the affordable housing segment and will invest Rs 1,000 crore to develop two projects over the next three years. The projects, comprising about 7,000 flats, will be developed in Greater Noida and Ghaziabad, the company’s Managing Director Manoj Gaur […]
GURUGRAM: The department of town and country planning (DTCP) has cancelled the licence of a residential plotted colony of the Vatika Group for the realtor’s failure to pay outstanding external development charges (EDC) to the tune of nearly Rs 23 crore, despite repeated reminders. The department has also decided to take over the colony along […]
NEW DELHI: The Greater Noida authority has come out with the auction more commercial plots and expects revenues of Rs 370 crore from 12 commercial plots it plans to auction by the end of the month. It has already generated Rs 94 crore from two commercial plots. The plots ranging from 2356 to 12,000 square […]
Mindspace Business Parks REIT has raised Rs 200 crore by issuing debentures on a private placement basis. In a regulatory filing, the company informed that the executive committee K Raheja Corp Investment Managers LLP, manager to Mindspace Business Parks REIT, has approved the allotment of 2,000 non-convertible debentures of the face value of Rs 10 […]
NOIDA: For some 17,000 homebuyers of Jaypee Wish Town, the wait for a resolution might stretch into 2021 as the courts are set to close for winter break next week. “Over the past few days, we have been discussing this issue at video conferences. In its October 8 hearing, the Supreme Court had reserved its […]
NEW DELHI: Ansal Properties and Infrastructure (Ansal API) has raised Rs 35 crore by issue and allotment of 5,00,10,000 number warrants to non-promoter (Public) investors, which would eventually be converted into equity share of the company giving the investors 5,00,10,000 number of equity shares representing 24.11% of the post issue equity outstanding, the company said […]
GURUGRAM: The department of town and country planning (DTCP) is gearing up to take over Sare Homes after the developer’s failure to fix the infrastructural deficiencies in the project. Chief minister Manohar Lal Khattar had directed the department to take over the group housing project, spread over 65 acres in Sector 92, following complaints by […]
The Municipal Corporation of Gurugram (MCG) said on Thursday that it is examining concerns raised over a lease agreement between the urban local body and a public sector oil and gas company that allows the latter to construct a petrol pump on Aravalli land in Chakkarpur village. MCG officials said they will “clear any apprehensions” […]
NOIDA: The Uttar Pradesh Real Estate Regulatory Authority (UP-Rera) has been able to clear major backlogs through virtual hearings this year, despite the Covid-19 lockdown. Of the 30,956 complaints registered so far, the regulator has already heard 24,026 cases till December 15. And of these, some 5,115 complaints were filed by buyers in Gautam Budh […]
NEW DELHI: Chief minister Arvind Kejriwal on Wednesday chaired a review meeting of Delhi Urban Shelter Improvement Board (DUSIB) and instructed officials to expeditiously allot the flats that have been constructed for those belonging to economically weaker sections (EWS) and slum dwellers. Kejriwal also directed the DUSIB officials to ensure the allotment of the flats […]
NOIDA: For some 17,000 homebuyers of Jaypee Wish Town, the wait for a resolution might stretch into 2021 as the courts are set to close for winter break next week. “Over the past few days, we have been discussing this issue at video conferences. In its October 8 hearing, the Supreme Court had reserved its […]
