News

A year to prepare, but NCR cities fail to stop power cuts, genset use

The power discoms‘ ability to provide uninterrupted electricity in Haryana and UP will be tested once again as the Environment Pollution (Prevention & Control) Authority on Thursday directed Delhi and the NCR cities to implement measures under the Graded Action Response Plan (GRAP) from October 15. This will mean a ban on the use of […]

Indiabulls Housing sells additional stake in OakNorth to raise Rs 441 crore

NEW DELHI: Indiabulls Housing Finance on Friday said it has sold its additional stake in OakNorth Bank for Rs 441 crore. The sale proceeds will be accretive to the regulatory net worth and the CRAR (Capital to Risk-weighted Assets Ratio) of the company, it said. The company has further sold a portion of its stake […]

Huge demolition drive undertaken in South Delhi in two months: SDMC

NEW DELHI: Demolition and sealing action has been taken against a large number of properties in south Delhi for alleged unauthorised construction in the last two months, the area’s civic body said on Thursday. The Building Department of South Zone of the South Delhi Municipal Corporation took the action. The department has launched a huge […]

Drive to de-seal 1,356 residential units kicked off in Delhi

NEW DELHI: North Delhi Municipal Corporation has initiated a drive to de-seal 1,356 residential properties on the directions of the Supreme Court. On Thursday, the process to de-seal the properties began in Todapur village in the presence of Delhi BJP chief Adesh Gupta and mayor Jai Prakash. The owners have been given 15 days to […]

Directions issued to stop work at six large construction sites in Delhi

NEW DELHI: Delhi Environment Minister Gopal Rai on Wednesday said directions have been issued to stop work at six large construction and demolition sites and 11 ready-mix concrete plants in the city for violating pollution norms. It is mandatory to install anti-smog guns at construction and demolition sites larger than 20,000 square metres, he said. […]

Encroachers on govt land not entitled to prior notice: Delhi HC

NEW DELHI: Delhi High Court on Wednesday refused to stay an ongoing drive by Delhi Development Authority (DDA) to remove encroachments in the Yamuna floodplain at Dhobi Ghat. A bench of justices Hima Kohli and Subramonium Prasad also ticked off the land owning agency for “keeping its eyes shut” and allowing encroachments to crop up […]

M3M acquires 25-acre land in Gurgaon at Rs 250 crore

Realty developer M3M has acquired a 25-acre land parcel at Rs 250 crore in Golf Course Road Extension in Gurgaon to develop a low-rise housing society, three people aware of the development said. The developer is executing about a dozen residential and commercial projects in the NCR, including the Trump Tower, and is now looking […]

Gurugram: NGT, OC rules flouted in DLF-1, owners to face action

GURUGRAM: The enforcement team of the department of town and country planning (DTCP) carried out an inspection on Wednesday after receiving repeated complaints from the residents of DLF-1 on rampant violations of building norms. During the inspection, the DTCP team spotted several violations of occupation certificate and NGT norms. The team also visited the buildings, […]

Flipkart acquires 140-acre land at Rs 432 crore, to develop logistic park

NEW DELHI: E-commerce giant Flipkart has acquired 140-acre land to set up their largest fulfilling centre in Asia in Manesar in Gurgaon. The executive empowered committee of Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) approved the allotment at a cost of Rs 432 crore. Walmart-owned Flipkart will set up a logistic park in the […]

HSIIDC alots 140 acres to Flipkart in Manesar

The Haryana State Industrial and Infrastructure Development Corporation Ltd (HSIIDC) has allotted 140 acres land to Walmart-owned Flipkart for setting up the largest fulfillment centre in Asia, having a covered area of 3 million square feet in Patli Hazipur, Manesar. The land has been allotted at bare shell cost of Rs 3.09 crore per acre […]

Haryana RERA allows buyers to take over Sare Homes’ Gurugram project

GURUGRAM: In a first, the Haryana Real Estate Regulatory Authority (HRera) has passed an interim order allowing homebuyers under the Association of Allottees (AOA) to take over the Sare Homes project in Sector 92. The regulator passed the order based on the mitigation plan submitted by the project’s monitoring consultant. The order said the AOA […]

Delayed affordable housing projects in Gurugram under DTCP lens

GURUGRAM: All the delayed affordable housing projects in the city are now under the scanner of the department of town and country planning (DTCP), TOI has learnt. Gurgaon has 80 affordable housing projects, of which some 40 are either running behind schedule or yet to kick off. As per government norms, an affordable housing project […]

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