GURUGRAM: An FIR has been registered here against six persons for allegedly flouting norms on the re-selling of EWS category flats, police said. According to the guidelines related to Economically Weaker Section (EWS) category flats, the builders select buyers through the process of lucky draw. According to the provision, once the property is purchased, the […]
NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has asked the state government to direct development authorities to charge interest on land dues at Marginal Cost of Funds based Lending Rate (MCLR) of SBI. Developers have pending dues of about Rs 40,000 crore to three different authorities in NCR as part of […]
The Uttar Pradesh Real Estate Regulatory authority (UP-Rera) on Tuesday pulled up two prominent builders — Logix Group and Supertech Limited — for not complying with its orders on homebuyers’ complaints. It warned them that failure to do so would result in their unsold properties being auctioned to fulfil the orders. “We held one-to-one meeting […]
NEW DELHI | BENGALURU: Oyo Hotels & Homes has terminated leases at two of its flagship corporate offices in Gurugram and is renegotiating the lease on a third, sources told ET, as the cash-strapped hospitality chain — battered by low occupancies due to the Covid-19 pandemic – moves to save on real estate costs. The […]
NEW DELHI: HDFC has extended construction loan worth Rs 2,600 crore to Hines and DLF’s joint venture which plans to develop a commercial project in Gurugram, the company said in a media release. In its investor’s presentation recently uploaded in the BSE, DLF had said that construction credit lines have been sanctioned while approvals are […]
NEW DELHI: Realty major DLF has leased 360,000 sq ft at the upcoming Noida IT Park to Singapore-based ST Telemedia Global Data Centres (STT GDC), according to three people aware of the matter, in the largest commercial transaction post lockdown in NCR. The company has committed to double the space at the same facility. “Given […]
NOIDA: Lotus City, a residential project promoted by 3C Company’s Three C Homes Private Limited (TCHPL) in Yamuna Expressway’s Sector 22 A, will now be built by Ace Infrastructure. A plotted project that was sold to 512 buyers in 2011 did not start resulting in the buyers moving the National Company Law Tribunal (NCLT) in […]
NOIDA: The Noida Authority on Tuesday extended the deadline for over a dozen builders to complete the pending projects here by December 31, 2021 under its ‘zero period’ policy, an official statement said. These builders had earlier assured delivery of homes by the end of June 2021. The decision was approved during the 199th Board […]
CHANDIGARH: The Haryana government on Monday resumed registration of properties and farmlands in the rural areas and commenced the process for e-appointment for registration of urban properties. Sources said the revenue officials are reviewing the process for registration in urban areas before actually starting to register properties. Notably, on July 22, property registration work in […]
NEW DELHI: South Delhi Municipal Corporation (SDMC) on Monday desealed 10 residential farmhouses in Vasant Kunj sealed last year on the direction of the Supreme Court-appointed monitoring committee. Another property was desealed on Friday evening. The Supreme Court on Friday ordered desealing of these 11 residential premises that had faced action for allegedly flouting norms […]
GURUGRAM: Around 100 villas, costing several crores each and sold years ago, have now come under the government’s scanner for alleged violation of norms. Located off the Delhi-Jaipur highway and spread across 22 acres in a quiet neighbourhood, Mittal’s Royale Orchards is home to around 100 families. The department of town and country planning (DTCP) […]
GURUGRAM: Residents of M3M Merlin in Sector 67 have launched a unique banner campaign to protest against the developer. Alleging that the developer illegally obtained approval for constructing an extra tower in the society, residents have hung banners from their balconies cautioning prospective home buyers from investing in the project. The builder, M3M Group, has […]
