News

Two illegal colonies demolished along Sohna road

GURUGRAM: A seven-acre prime land on Sohna and Bhondsi road was freed of encroachment on Tuesday with the demolition of two illegal colonies. Apart from this, 10 shops and the office of a property dealer illegally constructed along the highway were also razed. A team of the enforcement wing, led by district town planner RS […]

Gurugram civic body may take over 38 villages, awaits government’s nod

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 are […]

Covid-19 impacts sale and valutation of IL&FS realty assets

NEW DELHI: The ongoing pandemic has impacted the recovery of loans given by IL&FS Financial Services (IFIN), and also delayed the sale of the real estate assets of the IL&FS Group, IL&FS non-Executive Chairman Uday Kotak said on Monday. Kotak also said that the pandemic is likely to impact the valuations of the realty assets. […]

Noida will use drones to map land in 300 villages

NOIDA: What do hundreds of villages in the district have to do with drones? For the first time, these unmanned aerial vehicles will be hovering over the skies of 322 villages under Jewar, Dankaur, Bisrakh and Dadri blocks, flying at regular intervals to capture images of the land below. The initiative is part of a […]

Gurugram MLA Rakesh Daultabad to raise homebuyers concern at justice meet

New Delhi: Residents of posh housing societies of Gurugram facing issues such as high maintenance cost, bad quality of construction and lack of infrastructure, will get a chance to raise the matter with authority convened, who will solve the issue within stipulated time. Rakesh Daultabad, Member of Legislative Assembly from Badhshahpur, which covers 70% of […]

DDA receives nearly 12,000 applications for ownership rights from illegal colonies

NEW DELHI: Delhi Development Authority (DDA) has received nearly 12,000 applications for ownership rights from residents of 1,731 unauthorised colonies in the capital under the Prime Minister-Unauthorised Colonies in Delhi Awas Adhikaar Yojana (PM-UDAY) since March 22, when lockdown was first imposed in the city. The number is nearly three times that of the number […]

Buyers to move SC after penalty relief for builders in Noida

NOIDA: Homebuyers are all set to move the Supreme Court seeking refunds after it recently reduced the penalty imposed on builders by authorities in the twin cities for delayed payment from 20% to 7.3% as per the State Bank of India’s marginal cost of lending (MCLR). Buyers claim that any money refunded by the authorities of […]

Guidelines for Covid centres in gated housing societies issued

NEW DELHI: The Union Health and Family Welfare Ministry has issued guidelines, including on eligibility, handling of different categories of cases, and so on, for gated residential, complexes desirous of setting up small Covid Care facilities run by the Resident Welfare Associations, housing societies and NGOs using their own resources. The ministry believes that this step may be […]

Gurugram MLA to raise homebuyers concern at justice meet

NEW DELHI: Residents of posh housing societies of Gurugram facing issues such as high maintenance cost, bad quality of construction and lack of infrastructure, will get a chance to raise the matter with authority convened, who will solve the issue within stipulated time. Rakesh Daultabad, Member of Legislative Assembly from Badhshahpur, which covers 70% of the Gurugram city, […]

Share market update: Realty shares mixed; Indiabulls Real Estate climbs 5%

NEW DELHI: Realty shares were trading on a mixed note in Thursday’s session. Shares of Indiabulls Real Estate (up 4.99 per cent) , Sunteck Realty (up 2.84 per cent) , Brigade Enterprises (up 2.04 per cent) , Oberoi Realty (up 0.68 per cent) and SOBHA (up 0.21 per cent) were among the top gainers. While […]

Covid-19 impacts sale and valuation of IL&FS realty assets

NEW DELHI: The ongoing pandemic has impacted the recovery of loans given by IL&FS Financial Services (IFIN), and also delayed the sale of the real estate assets of the IL&FS Group, IL&FS non-Executive Chairman Uday Kotak said on Monday. Kotak also said that the pandemic is likely to impact the valuations of the realty assets. […]

Gurugram: 12 years on, Ardee City buyers wait for registry of homes

GURUGRAM: Around 300 families living in Ardee City, Sector 52, have been waiting for the rightful ownership of their houses for over a decade now. The developer hasn’t executed the registry of their homes so far, citing non-payment of maintenance amount by residents as the reason behind the delay. Buyers started getting possession of their […]

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