NEW DELHI: Despite some progress in installing rainwater harvesting (RWH) units in schools, government departments and Delhi Jal Board buildings, the capital is far from realising its potential and private plot owners are still reluctant about adopting the technology, reveals the DJB data. Considering that Delhi receives an annual average rainfall of 617mm, this 917 […]
NEW DELHI: Public issue of Mindspace Business Parks REIT was subscribed 12.96 times on the final day of bidding on Wednesday. The Rs 4,500-crore issue received bids for 87,78,24,600 shares against the total issue size of 6,77,46,400 shares, according to data available with the National Stock Exchange (NSE).Institutional investors category was subscribed 10.61 times and […]
NOIDA: The mass exodus of migrant labourers from construction sites of Noida during the lockdown will tell on completion timelines because real estate companies are struggling to convince them to return despite organised efforts – which includes a database of workers available with the necessary skill sets and reaching out to them through a call […]
NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) on Wednesday allowed Jaiprakash Associates’ (JAL) proposal to complete the remaining four towers of Jaypee Kalypso Court (Phase II) situated in Sector 128, Noida. JAL has also been orderd to deposit an upfront amount of Rs 12 crore in a separate account. The development of […]
Real estate is emerging as a preferred investment asset class in the backdrop of economic uncertainty and rising stock market volatility with over 50% of consumers considering buying a new home in the next six months, showed a JLL India survey. The survey was conducted online covering over 2,500 prospective homebuyers from Mumbai Metropolitan Region, […]
Key Highlights India’s real estate sector had already taken a battering in 2019; however, the recent coronavirus outbreak is likely to plant even greater misery upon property sellers, as large piles of dormant inventory are now expected to be coupled with dwindling sales. At the start of 2020, there was a sense of optimism within […]
The NOIDA Authority has decided to get all property-related work done digitally from June 1 in a bid to minimise physical interaction among humans. The shift comes in the wake of the COVID-19 pandemic and on the directions of the Ministry of Health and Family Welfare to government bodies and other entities to follow social […]
NOIDA: A two-member team of Noida Authority on Wednesday inspected the premises of DLF Mall of India after a 35-second video, purportedly showing a section of a roof inside the mall collapsing, surfaced. The mall is currently closed. In the video, smoke can be seen rising from the mall rooftop. Some pictures of ‘construction debris’ […]
NEW DELHI: The Delhi High Court on Wednesday sought response of the Centre on a plea by DIAL, which operates the Indira Gandhi International (IGI) Airport, challenging the demand of nearly Rs 2,600 crore property tax by the cantonment board for the 2016-19 period. The high court, however, refused to pass any interim order on […]
NEW DELHI: As over 40 lakh residents of 1,731 unauthorised colonies in the national capital to be benefitted under PM-UDAY, more than 2.8 lakh registrations have been completed, said Union Minister for Housing and Urban Affairs Hardeep Singh Puri on Tuesday. According to the Minister, the project is progressing unhindered amid the COVID-19 induced lockdown. […]
NOIDA: In a recently concluded survey, the Noida Authority has identified 5,665 vacant plots in the city. While 3,766 of the identified plots have been allocated, the others remain with the authority. A special audit-cum-verification drive will be initiated before deciding the fate of the plots – which were taken up in the previous schemes […]
New Delhi: Gurgaon may be the flashiest suburb in India with its shiny towers, wide roads, hip malls and penthouse apartments of top CEOs. But as he hangs up his boots after nearly six decades in business, Kushal Pal Singh, the man synonymous with the pre-eminence of Gurgaon, says he has just one regret — […]
