Finance Minister Nirmala Sitharaman on Thursday announced tax relief on select home sale deals, enhanced credit guarantee programme for small businesses and provide incentives for new job creation as the government widened stimulus measures to boost the economy. The measures, that also include additional fertiliser subsidy and already announced production-linked incentive scheme for manufacturing units, […]
NEW DELHI: Amrapali home buyers on Tuesday apprised the Supreme Court that the real estate group’s promoter Anil Sharma has not deposited Rs 250 crores as per the directions of the top court. “More than Rs 250 crores siphoned/diverted money was required to be deposited by him (Anil Sharma) as per the judgment of July […]
NEW DELHI: Max group’s realty arm Max Estates on Monday said it has started construction of its new commercial project, comprising mainly office space, in Noida with an investment of Rs 400 crore. The company has roped in New York Life Insurance Company as financial partner to develop this project Max Square, which will have […]
GURUGRAM: The change in revenue records to strike out the term ‘gair mumkin pahar’, on the orders of the National Green Tribunal (NGT) after nearly a decade-long court battle, hasn’t stopped construction on the protected Aravali land. TOI on Wednesday found construction activity at two sites at the Ansals Aravali Retreat in the Raisina hills […]
NOIDA: A Delhi-based director of a construction firm has been arrested by the Gautam Buddh Nagar police in connection with a case of fraud, officials said on Monday. Roshan Prakash, who lives in Delhi’s Rohini area, was arrested by the Crime Branch of the police from Newtech La Palacia society in Greater Noida (West) Sunday […]
NEW DELHI: Realty firms M3M India, Salarpuria Sattva and Ahmedabad-based Safal group as well as businessman Madhav Dhir have put in separate bids to acquire a commercial project in Gurugram through an insolvency process, sources said. They have submitted resolution plans to acquire debt-ridden Dignity Buildcon, which owns three commercial towers on the Golf Course […]
GURUGRAM: In a move to check mushrooming of illegal colonies on agricultural land, the department of town and country planning (DTCP) has proposed bringing 146 villages in Gurugram under Section 7A of the Haryana Development and Regulation of Urban Areas Act, 1975. As per Section 7A of the Act, registration of sale deed of a […]
New Delhi: Gurgaon may be the flashiest suburb in India with its shiny towers, wide roads, hip malls and penthouse apartments of top CEOs. But as he hangs up his boots after nearly six decades in business, Kushal Pal Singh, the man synonymous with the pre-eminence of Gurgaon, says he has just one regret — […]
For those looking to buy property, this seems like a good time as interest rates are low and developers are showering buyers with discounts and freebies. However, in view of economic uncertainty and job losses, many have postponed their decision to buy homes. In order to lure buyers at a time when real estate like […]
NEW DELHI: Prime Minister Narendra Modi will inaugurate multi-storeyed flats, which have come in place of old bungalows, here for members of Parliament on November 23 via video-conferencing. A PMO statement on Saturday said that these flats are located at Dr B D Marg in the national capital. Eight old bungalows, which were more than […]
GURUGRAM: The department of town and country planning (DTCP) has issued a show cause notice to the developer of an affordable residential plotted colony in Farrukhnagar for selling off plot mortgaged to the bank. The developer has been directed to file his reply within seven days and if he fails, action will be initiated against […]
NEW DELHI: A study done for the National Housing Bank (NHB) has suggested the state government to reduce stamp duty and registration charges for low value houses for the poor (affordable housing) to induce more people from low income groups to own such dwelling units. The study done by IIM, Bangalore has estimated that states’ […]
