NEW DELHI The Delhi High Court has directed that the name of a home buyer be added as a victim and he be examined as a witness in the cheating case against Rudra Buildwell Private Limited and promoters of Rudra Group of companies. Justice Yogesh Khanna asked the Delhi Police to add the name of […]
GURUGRAM: The Municipal Corporation of Gurugram (MCG) on Saturday sealed two more properties in Sector 39 for non-payment of their property tax dues. While one property sealed on Saturday is yet to pay the property tax worth Rs 24 lakh, another property has Rs 22 lakh pending. The taxation department of the civic body has […]
NEW DELHI: A committee formed by the National Green Tribunal Friday recommended a penalty of Rs 10.33 crore on a builder for construction in the green area in a housing complex in Gurgaon in violation of environmental laws. The three-member committee visited the sites of Ambiance Lagoon Apartments and Ambiance Island in Gurgaon and found […]
NOIDA: In a bid to boost the real estate market amid Covid, the Noida Authority has decided to not increase land rates in the next fiscal. The crucial decision was taken at the Authority’s board meeting on Thursday. At the meeting, the Authority also decided to cancel land allotment if owners are found violating the […]
NEW DELHI: Delhi Lt Governor Anil Baijal on Thursday held a meeting to discuss development control norms for unauthorised colonies being regularised under the PM-UDAY programme, officials said here. The vice chairman and other senior officials of the Delhi Development Authority (DDA) and experts from the National Institute of Urban Affairs (NIUA) were present during […]
Bengaluru-based realty major Sobha Ltd said it will invest close to Rs 1000 crore in Delhi and Gurgaon to develop 2.76 million sq ft, in a bid to expand its presence in Delhi-NCR The company recently entered into a joint development agreement with a Delhi based builder to develop one million square feet in Delhi’s […]
Shares of DLF advanced nearly 4 per cent in Tuesday’s morning trade after reports that the realty major has sold nearly 90 independent floors worth over Rs 300 crore in Gurugram. It also plans to launch more such projects as demand for premium residential properties has revived in last few months. The company is also […]
Gurgaon bench of Haryana Real Estate Regulatory Authority (HARERA) has established a mediation forum for conciliation of disputes between the developers and homebuyers. Alternate Dispute Resolution (ADR) mechanisms like arbitration, mediation, and conciliation are much more private, economical and time-efficient than litigation. Alternate Dispute Resolution (ADR) mechanisms like arbitration, mediation, and conciliation are much more […]
NOIDA: Swedish furniture giant IKEA may soon start work on its store-cum-commercial complex in Noida, with the Authority finally agreeing to hand over 3,300 sqm land adjacent to the company’s plot in Sector 51. However, the land parcel comes with a rider — IKEA will have to develop a rotary on the plot and keep […]
NEW DELHI: Two Sahara group firms have moved the Supreme Court seeking initiation of contempt proceedings against SEBI alleging that the market regulator’s demand of Rs 62,602 crore from them was not “only contemptuous but a mischievous attempt” to overreach the directions of the apex court. SEBI had moved the apex court seeking direction to […]
Singapore’s sovereign wealth fund GIC has entered into an agreement with India’s largest mall developer and operator the Phoenix Mills and its subsidiaries to set up a strategic retail-led mixed-use properties development platform in the country. To begin with, GIC will be picking up around 26% in a certain retail and office assets portfolio owned […]
NEW DELHI: Leasing by co-working operators is expected to increase by 42% in 2021 at 4.9 million sq ft over 2020 with shared offices likely to gain greater significance in the post-Covid world, according to a recent report by Savills India. In 2020, co-working players are expected to lease around 3.4 million sq ft accounting […]
