Acute labour shortage forced by the Covid-19-induced lockdown has hit the industrial complexes in Gurugram and Manesar, with many running only at half capacity. They now hope that by second week of August, many of those who had left for their home towns and villages after finding it difficult to continue living here, would return […]
NEW DELHI: The Union housing and urban affairs ministry is working on a policy to allow redevelopment of old DDA colonies in the national capital, which will pave way for taller buildings with amenities such as parking space and facilities for lifts. As per the plan, the redevelopment work would be taken up only if […]
NEW DELHI: The Delhi government on Thursday submitted before the Delhi high court that it does not want online registration of properties to be made available in order to curb false registrations and obviate unnecessary litigation in the society related to the same. The submission was made in an affidavit filed on a PIL seeking […]
With the Supreme Court’s July 10 order directing the Noida and Greater Noida authorities to reduce interest rates on land dues levied on developers to 8.5% from 20% (or even higher, on case to case basis) will benefit developers, homebuyers are now demanding that they too be given a slice of the pie. On July […]
The special fund created in November last year to provide priority debt financing for the completion of stalled housing projects has approved over 80 real estate projects with an investment of Rs 8,767 crore that will enable completion of 60,000 homes, the finance ministry said. These projects are spread across the country, including 27 in […]
GURUGRAM: The district town planner of Gurugram came under attack from angry villagers in Dharampur on Thursday as a property owner tried to run him over with his tractor during a demolition drive. The senior official sustained injuries in his leg. So far, no police complaint has been filed. RS Batth, the town planner, was […]
Union housing and urban affairs minister Hardeep Puri on Saturday said that reverse migration of labourers and a breakdown of construction material supply chains have adversely affected real estate projects and that they will take quite some time to restart in full gear across the country. “As we have already seen stalling of a lot […]
The Guardians Real Estate Advisory has bought a 7,500 sq ft office space at commercial complex One BKC in Mumbai’s business district Bandra-Kurla Complex (BKC) for around Rs 30 crore. The real estate non-broking consultancy firm has picked up this office space in tower C of the building and plans to use this as its […]
NOIDA: Though the government has allowed resumption of construction activity at non-Covid-19 hotspots from April 20, builders in Noida have made it clear that they will not be able to restart work during the lockdown as they neither have raw materials nor workers on site. “We are not restarting any construction work unless the entire […]
GURUGRAM: The Municipal Corporation of Gurgaon (MCG) has received in-principle approval for the takeover of 38 villages in the district. Divisional commissioner Ashok Sangwan approved the proposal in a meeting he chaired on Monday. The corporation will now forward the proposal to the state government. “We have received in-principle approval from the divisional commissioner. We […]
NEW DELHI: The Centre-appointed Board of Directors of Unitech on Wednesday assured the Supreme Court that it will complete all housing and commercial projects of the real estate company within four years in a phased manner and hand over possession to over 15,000 buyers who had invested their money almost a decade back. Filing the […]
GURUGRAM: For hundreds of villagers in Sohna’s Rani ka Singola village, who have been struggling to get bank loans to build houses on land they have no ownership proof of, Wednesday will mark a new chapter as the state government begins an exercise to end the century-old Lal Dora system in the district. As part […]
