NEW DELHI: Co-working and managed workspace operators have started witnessing fresh demand after a five month disruption due to Covid-19 pandemic as leading co-working players have reported reaching 50 per cent fresh leasing levels in July compared to the monthly average during the pre-Covid times. Covid induced lockdown had impacted the co-working operators the most […]
NEW DELHI: Noida administration has asked the banks to monitor builders who advertise mentioning approval of bank. “This needs to be monitored by banks and ensure that nobody is using their names and credibility, illegally, to give false sense of financial security to the prospective buyers. It is stressed that legal activity should be supported […]
GURUGRAM: The Haryana revenue department has resumed land registries after 40 days, when it had to be stopped following multiple complaints of illegal registries. The government has created a digital database of available land in the state, where a buyer can access all information related to a particular property, such as an ongoing dispute or […]
GURUGRAM: The Gurugram Metropolitan Development Authority (GMDA) has started a survey via Geographic Information System (GIS) technology for a more accurate mapping of land surface area across the district. It will modernise the method of demarcating land. The decision was taken after GMDA officials came to know about illegal encroachments on land, which they had […]
NEW DELHI: With the SBI Capital insisting on 12% interest on funds to be released for stalled Amrapali projects despite the Supreme Court’s persuasion to make an exception, the court on Monday asked the Centre to intervene to reduce the interest rate. Appearing before a bench of Justices Arun Mishra and U U Lalit, SBI’s […]
GURUGRAM: After a 16-year wait, there’s finally some good news for the 550 land allottees of Sector 57. The Punjab and Haryana HC has dismissed a lawsuit challenging the acquisition of land by HSVP (erstwhile Huda) for the development of the sector, thus paving the way for the handover of the plots to the allottees. […]
GURUGRAM: Lush green lawns, badminton courts, jacuzzis, open gyms and lounges, the government team bringing down illegal farmhouses in the Bandhwari area for the last three days discovered that the two biggest premises, which they took the bulldozers to on Friday, were also the most luxuriously appointed. Built across two levels, they had all modern […]
GURUGRAM: With major residential and commercial projects and office spaces, Sector 69 was once projected as one of the upcoming sectors along the Southern Peripheral Road. Now, it has turned into a hub for illegal colonies. At least three major unauthorised colonies have been identified in the sector by the department of town and country […]
NEW DELHI: The Supreme Court on Monday held that the flat buyers are entitled to compensation for “delayed handing over of possession” and for the failure of the developer to fulfil their promises with regard to amenities The top court set aside the verdict of the National Consumer Disputes Redressal Commission (NCDRC) which, on July […]
GURUGRAM: The Economic Offence Wing (EOW) of Delhi Police have registered an FIR against eight people, including the directors and managing director of CHD Developers and Roots Developers, for cheating homebuyers of their under-construction residential project CHD Vann in Sector 71 of Gurugram. The case has been registered against Rajinder Kumar Mittal and Gaurav Mittal […]
NEW DELHI: The Supreme Court on Tuesday directed that all residential premises in Delhi, sealed by the monitoring committee for constructing unauthorised structures, should be de-sealed immediately. A bench comprising Justices Arun Mishra, B.R. Gavai and Krishna Murari noted the submissions made by senior advocate Ranjit Kumar, who was amicus curiae, and senior advocate Sanjiv […]
NEW DELHI: For the current year, ICRA expects overall sales volume from completed and under-construction inventory to reduce by 40-60% on account of Covid-19. The preference for completed inventory is expected to continue thus favouring the developers having higher proportion of such projects It also expects the spend on ongoing projects to reduce by around […]
