News

Gurugram: How a planned colony became hub of illegal PGs

GURUGRAM: For residents of DLF-3, one of the oldest licensed colonies in the city, the fight is for basic amenities, and one they have been fighting since years. “We are fighting a big battle against local mafias who have money and muscle power. They have converted the residential colony into a hub of illegal PGs […]

Ask NBCC to start work on Wish Town project: Buyers to SC

NOIDA: A group of Wish Town buyers urged the Supreme Court on Wednesday to direct the National Company Law Appellate Tribunal (NCLAT) to persuade state-run NBCC to immediately start construction in the Wish Town project and complete around 20,000 pending flats at the earliest. The court has issued notices to the NBCC and other stakeholders […]

Average office rental in Delhi-NCR market declines 9% in H1 2020

The average office rental in the Delhi-NCR market declined by 9 per cent to around Rs 78 per sq ft a month during the first half of this calendar year as demand was hit due to the Covid-19 pandemic, according to a report. In its half yearly report, property consultant Knight Frank India has said […]

Ansal Properties posts Rs 210 cr loss in 4th quarter of FY20

Crisis-hit realty firm Ansal Properties and Infrastructure on Friday reported a consolidated net loss of Rs 209.96 crore for the fourth quarter ended March 2020. It had posted a net loss of Rs 25.12 crore in the year-ago period. Total income fell to Rs 406.98 crore in the fourth quarter last fiscal, from Rs 461.54 […]

Housing minister Hardeep Puri launches digital platforms to market residential properties

Housing and Urban Affairs Minister Hardeep Singh Puri on Friday launched digital platforms of real estate bodies CREDAI and NAREDCO to market residential properties, besides releasing a guide book for affordable rental housing scheme for migrants. The minister launched ‘CREDAI Awaas App’ and NAREDCO’s online portal ‘HousingforAll.com’ through a video conference. Puri released the knowledge […]

FIRs against officials involved in registry of plots in illegal colonies: Haryana deputy CM

GURUGRAM: Now, government officials found involved in irregularities of registry of plots in unauthorised colonies won’t be let off with only suspension or departmental action. Criminal cases will be registered against them, deputy chief minister Dushyant Chautala said on Wednesday. The government will also initiate a vigilance inquiry against such officials. “The divisional commissioner of […]

SC allows sharing of resolution plan of Unitech

NEW DELHI: The Supreme Court on Friday said the resolution plan of the newly-constituted board for Unitech Ltd can be shared on its portal to solicit suggestions from the parties to help resurrection of the embattled real estate firm. A bench comprising Justices D Y Chandrachud and M R Shah, in a hearing conducted through […]

Existing government funded vacant houses to be utilised as ARHCs: Housing Minister

NEW DELHI: Hardeep Singh Puri, Minister, Housing and Urban Affairs (MoHUA) on Friday said that existing government funded vacant houses will be utilised as Affordable Rental Housing Complexes (ARHCs). Puri also said that the government will soon allow 100 per cent FDI in affordable rental housing. The minister further said that real estate sector will […]

If buyers want Jaypee Knights Court can also be completed under supervision: RD Paliwal, UP-RERA

NOIDA: After Kalypso Court, which will now be completed by the developer under the supervision of investors, the Uttar Pradesh Real Estate Regulatory Authority (UP- Rera) may provide a similar solution for the completion of Knights Court, another Jaypee project in Sector 128, if the homebuyers agree. JAL has a handful of projects at Wish […]

Ask NBCC to start work on Wish Town project: Buyers to SC

NOIDA: A group of Wish Town buyers urged the Supreme Court on Wednesday to direct the National Company Law Appellate Tribunal (NCLAT) to persuade state-run NBCC to immediately start construction in the Wish Town project and complete around 20,000 pending flats at the earliest. The court has issued notices to the NBCC and other stakeholders […]

Allottees to complete Jaypee’s Kalypso Court project in Greater Noida

The Uttar Pradesh Real Estate Regulatory Authority (UP-Rera) has formed a committee to monitor Kalypso Court, a high-rise in Noida sector 128 that was formally handed over to its residents’ association for completion on Wednesday HT had reported on Monday that the association was offered the task last week by the UP-Rera in exercise of […]

Hindustan Times Virtual Real Estate Expo gets thumbs up from prospective buyers!

A first-of-its kind Virtual Real Estate Expo organized by Hindustan Times brought thousands of buyers one step closer to their dream of owning a property of their very own. The five-day event, which was hosted online, saw some of the country’s top names in real estate come together under one virtual roof as a one-stop […]

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