News

Soon, a policy on division of plots of over 200 sq yards in Haryana

GURUGRAM: The Haryana government is preparing a policy for division of plots measuring more than 200 sq yards, chief minister Manohar Lal Khattar said on Saturday. The policy, he said, would be tabled in the next cabinet meeting. Khattar said it had been decided that the sizes of plots to be divided should be more […]

Gurugram: DTCP razes illegal shops, walls on green belt near Dwarka Expressway

GURUGRAM: The enforcement team of the department of town and country planning (DTCP) razed eight shops, 10 boundary walls and one shed illegally constructed in Sector 110, which falls along the Dwarka Expressway, on Wednesday. The shops had been built without authorisation on a green belt near a proposed road in the sector. They were […]

Housing minister coaxes realtors to offload unsold inventory

Housing and urban affairs minister Hardeep Singh Puri has urged real estate developers to offload their unsold inventory in the market rather than hold on to them for a specific price environment. “Offload, offload, offload – get rid of your inventories. The country needs that from you and you will also benefit from that activity. […]

Delhi: AAP alleges graft in north civic body’s property tax collection

NEW DELHI: AAP chief spokesperson Saurabh Bharadwaj on Monday alleged that the BJP-run North Delhi Municipal Corporation was not maintaining proper accounts of property taxes to avoid detection in the “loot”of its collection. Referring to its recent audit report, the MLA claimed that due to massive corruption, the revenue fromproperty taxes didn’t not reach the […]

Government extends credit guarantee scheme to 27 sectors

NEW DELHI The government on Thursday said it has extended the Emergency Credit Line Guarantee Scheme (ECLGS) to the health sector and 26 other sectors identified by the Kamath Committee. The National Credit Guarantee Trustee Company Limited (NCGTC) has issued the operational guidelines for implementation of ECLGS 2.0 scheme, the finance ministry said in a […]

Builders told to cut home prices, pass on GST gains

After a pause due to the countrywide lockdown, the National Anti-profiteering Authority (NAA) has renewed cracking the whip on property builders for not lowering home prices to pass on tax benefits following the rollout of goods and services tax (GST) in 2017. So far this month, the profiteering regulator has ordered two developers to cut […]

Supreme Court order causing de-sealing, ‘free for all’ in Delhi: Panel

NEW DELHI: The Supreme Court-appointed monitoring committee for checking illegal use of residential properties for commercial use in the city on Thursday submitted a hard-hitting report, severely criticising the court’s August 14 judgment that clipped its wings. The ruling led to largescale de-sealing of buildings that had been sealed for unauthorised construction, resulting in a […]

Shopping mall owners to build new projects; looking for acquisition despite COVID-19

NEW DELHI: Shopping mall ownersare bullish about growth prospects of India’s retail sector despite the disruption caused by the COVID- 19pandemic and will continue to buildnew projects as well as look foracquisition to expand their businesses, according to major industry players In a panel discussion on retail sector organized by Naredco, senior officials of DLF […]

Gurugram: DTCP razes illegal shops, walls on green belt near Dwarka Expressway

GURUGRAM: The enforcement team of the department of town and country planning (DTCP) razed eight shops, 10 boundary walls and one shed illegally constructed in Sector 110, which falls along the Dwarka Expressway, on Wednesday. The shops had been built without authorisation on a green belt near a proposed road in the sector. They were […]

Delhi ranks 27th, Mumbai 33rd globally as fastest-growing prime residential market: Report

India’s national capital has been ranked 27th, while Mumbai and Bengaluru were placed at the 33th and 34th positions respectively in a global index that measures annual price appreciation of luxury residential properties, according to a Knight Frank report. Auckland in the Australasia region topped the index with 12.9 per cent price appreciation in the […]

Gurugram: DTCP denies completion papers to Malibu Towne

GURUGRAM: The department of town and country planning (DTCP) has denied a completion certificate to Malibu Towne as the developer failed to complete construction of community sites. The township has around 16 approved community sites, of which only 11 have been constructed so far. Malibu Towne has been mired in controversy for a host of […]

Prime Minister inaugurates multi-storeyed flats for MPs in Delhi

NEW DELHI: Prime Minister Narendra Modi on Monday inaugurated 76 multi-storeyed flats, which have come in place of eight 80-year-old bungalows here, for members of Parliament via video-conferencing. In his address, Modi spoke about high productivity of Parliament, especially Lok Sabha, since his government came to power in 2014 and referred to a number of […]

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