The Delhi Development Authority (DDA) will amend the rules that will enable the agency to auction land to private developers for residential projects, in a proposal aimed at meeting the growing demand for housing in the capital city. The proposal, was approved last year, permits the amendment in the DDA (Disposal of Developed Nazul Land) […]
NEW DELHI: A day after South Delhi Municipal Corporation (SDMC) demolished eight gates in Safdarjung Enclave and Green Park Extension, the civic agency on Saturday said that notices would also be issued to other colonies asking them to follow norms. “We will do a survey of other areas and issue notices to RWAs/residents to obtain […]
The report also stated that the price growth has gradually stagnated across the country, although Pune witnessed the highest price growth of 67% in the last decade. The National Capital Region (NCR), including Delhi, Gurugram, Noida, Greater Noida, Faridabad and adjoining areas, witnessed the lowest decadal increase in the price of residential housing at only […]
GREATER NOIDA: The Yamuna Expressway Authority has earmarked Sector 18 for affordable housing. A plot measuring 12.35 acres has been selected for the project. With multiple industrial clusters being planned along the highway, a need to have proper accommodation for workers deployed in such units has been felt for long. Sharing details, YEIDA CEO Arunvir […]
NEW DELHI: After Delhi Pollution Control Committee served a show-cause notice to a housing society in Dwarka for allegedly extracting ground water without permission, the latter has claimed that Delhi Jal Board granted it permission in 2018 to extract up to 40 kilo litres per day (KLD) through the existing tubewell following an order from […]
NEW DELHI: Anil Ambani-led Reliance Capital, which recently defaulted on repayments to its debenture holders and other creditors, has begun the process for monetisation of its assets, market sources said. The key assets of Reliance Capital include Reliance Securities, Reliance Health and Reliance General Insurance Company. Other assets include Reliance Nippon Life Insurance, which is […]
NEW DELHI: Conveyance deeds or authorisation slips have been issued to 1,533 applicants under the PM-Unauthorised Colony in Delhi Awas Adhikar Yojna (PMUDAY), the DDA said on Tuesday. The scheme was launched October 29, 2019 to confer ownership rights to residents of 1,731 unauthorised colonies in Delhi. “Till September 18 the year 3,18,946 people have […]
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 […]
Noida-based real estate developer Bhutani infra will invest Rs 5,000 crore in developing 16 million square feet of Grade A office space in the next three years. Bhutani Infra is developing three projects – Alphathum, Grandthum and Cyberthum in Noida, which are at various stages of construction. The company, which has already delivered 5 million […]
The lifecycle of malls is a unique phenomenon in the commercial real estate segment. Birth, growth, maturity and decline – malls are as prone to life forces as the rest of us. Every mall goes through its years of glory, after which it plateaus and then declines in both revenue and footfalls, as newer malls […]
GHAZIABAD: Residents of Shanti Nagar staged a protest at Ghaziabad Municipal Corporation’s (GMC) office in Navyug Market on Tuesday against a demolition drive being carried out by the civic body to free 1.3 hectares of land from encroachments. Officials said that over 100 illegal structures had come up on the encroached land parcel, which is […]
