NEW DELHI: Indiabulls Housing Finance on Tuesday said it has further sold part of its stake in the UK-based OakNorth Holding Ltd, the parent company of OakNorth Bank Ltd, to Toscafund Asset Management for Rs 630 crore. Toscafund Asset Management LLP is a multi-asset management fund with about USD 4 billion of assets under management, […]
To ensure a good response to its next housing scheme, which is likely to be announced by the end of this year, the Delhi Development Authority (DDA) on Tuesday approved a proposal to allow applicants to select the location of a flat by paying a preferential location charge (PLC) — a practice common in private […]
NEW DELHI: Seeking to make Pradhan Mantri Awas Yojana financially viable and feasible, the DDA on Tuesday proposed to allow a maximum floor area ratio (FAR) of 300 on the remunerative component of any land area meant for rehabilitation of squatters, with a flexible mix of uses, officials said. The existing provision in Master Plan […]
NEW DELHI: After introducing garbage user charges, approving professional tax, hiking licensing fee and increasing commercial property tax rates, the cash-strapped South Delhi Municipal Corporation is planning to introduce ‘compensatory regulatory charges’. The civic body proposes to levy this new charge when building plans are sanctioned and it is likely to vary on the basis […]
NEW DELHI: Indiabulls Housing Finance on Tuesday said it has further sold part of its stake in the UK-based OakNorth Holding Ltd, the parent company of OakNorth Bank Ltd, to Toscafund Asset Management for Rs 630 crore. Toscafund Asset Management LLP is a multi-asset management fund with about USD 4 billion of assets under management, Indiabulls Housing Finance said in a regulatory filing. […]
CHANDIGARH: The Punjab and Haryana high court on Tuesday granted two weeks more to CBI to submit a status report on investigation into the “illegal” conversion of a portion of almost 19 acres meant for Ambience Lagoon Island Residential Complex in Gurgaon into a commercial complex. Seeking two weeks more to submit the status report, the CBI informed the […]
New Delhi: Sales in the residential sector has reached to 65% of the pre-covid level as developers focused on launching campaign offering discounts, according to a report by property consultant Anarock. The report said that 29,520 units were sold in Q3 2020, which is 65% of the Q1 2020. NCR, MMR, Bengaluru, and Pune together […]
NEW DELHI: Landing a Delhi Development Authority (DDA) flat is nothing less than winning a lottery, more so if you get a flat in an area of your choice. While applicants can mark three preferred locations, they cannot pick a particular one. DDA’s Housing Scheme 2020, however, could be a first in this regard. Sources […]
GURUGRAM: Unable to conduct monthly meetings due to Covid restrictions, the department of town and country planning (DTCP) is flooded with complaints from residents in several housing projects in the city, an official said. Most of the complaints are related to poor maintenance and upkeep, lack of connectivity, and inadequate power and water infrastructure. As […]
GURUGRAM: Giving relief to plot owners, the department of town and country planning (DTCP) has eased fire safety no-objection certificate (NOC) norms for residential buildings with four floors. Now, owners of such buildings that reach up to a height of 16.5 metres are no longer required to get an NOC from the fire department. According […]
GURUGRAM: Residents of Park Serene in Sector 37D, who have been facing a tough time owing to falling balconies, faulty lifts and damaged internal roads, have approached the district town planner seeking a strict action against the developer. They said if the developer fails to carry out the work, a police complaint will be filed […]
GURUGRAM: Accepting a long-pending demand of real estate developers, the department of town and country planning (DTCP) has finally decided to allow construction in stilt parking areas. But the permission comes with two conditions — the additional construction will be included in the floor area ratio and that parking norms be fulfilled.The developers have long […]
