NEW DELHI: As part of the ease of doing business in the country, the government is committed to introducing a single-window clearance mechanism for investors by mid-April next year. Finance Minister Nirmala Sitharaman also spoke about it in her this year’s Budget Speech and the department is developing a single-window mechanism, Department for Promotion of […]
NEW DELHI: Flouting building and construction norms contributes significantly to the toxic air in Delhi. To plug this significant source of pollutants and to deter violators, National Green Tribunal began levying an environmental compensation charge for not adhering to the norms in 2015. However, an internal check in the municipal corporations showed that recovery of […]
Prime Minister Narendra Modi on Monday said that there was a trust deficit between builders and home buyers, and the Real Estate Regulatory Authority (RERA) Act was introduced to remove this problem. While inaugurating the construction of the Agra Metro project via video conferencing, Modi said, “People with wrong intentions brought disrepute to the entire […]
NEW DELHI: The Economic Offences Wing (EOW) of Delhi Police arrested three persons including a former financial adviser of Noida and Greater Noida Authority on the charges of duping Rs 20 crores from more than 20 aspiring property buyers/investors. The accused Aniel Kumar Saha, Aunirban Saha, and Ashok Kumar Sirohi are residents of Noida and […]
CHANDIGARH: The Haryana government has directed all cooperative societies registered in the state to upload their records on a web portal to ensure transparency in operations and facilitate common people, an official said on Friday. Strict action will be taken against the societies which fail to comply with the directions, additional chief secretary, cooperation department, […]
NEW DELHI The Rail Land Development Authority (RLDA) has invited online bids for leasing a 2.18 hectare land parcel for 99 years in the national capital for redeveloping the Boulevard Road Railway Colony, a statement said on Friday. The colony will be redeveloped in accordance with the Delhi Master Plan-2021 (MPD-2021), the RLDA said. Being […]
Some of the world’s biggest investors are snapping up office space in India with plans to turn them into real estate investment trusts, betting that demand will sustain and provide attractive yields in coming decades. Brookfield Asset Management Inc. in October agreed to pay $2 billion for 12.5 million square feet of rent-yielding offices and […]
GURUGRAM: The Municipal Corporation of Gurugram (MCG) has decided to take over maintenance of five more licensed colonies from their developers. These include Sushant Lok-2 and Sushant Lok-3, Greenwood City, DLF-4 and DLF-5. The corporation is already working on takeover of six other colonies — Malibu Towne (Sector 47), Vipul World (Sector 48), Mayfield Garden […]
Tech giant Microsoft has signed a lease deal for nearly 150,000 sq ft of premium office space at KP Tower in Noida through co-working operator WeWork, two persons aware of the deal said. KP Tower is part of the 12.5 acres Delhi One project, which was launched by the 3C group and later went into […]
NEW DELHI: 360 Realtors, a real estate advisory firm, has joined hands with Rising Straits Capital, a real estate private equity firm, to launch a real estate dedicated Alternate Investment Fund (AIF), the company said in a media release. The joint venture named 360 Rising Straits Management plans to raise Rs 100 crore and will […]
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 […]
GURUGRAM: Construction activities are still going on in the protected Raisina hills of the Aravalis even though show-cause notices have been issued to the owners of several hundred farmhouses. No action, however, has been taken on the ground to remove the illegal structures, environmentalists said. A recent visit to the site by TOI showed that […]
