Officials said the new CEO emphasised the importance of infrastructure development and integrated planning for further upliftment of the city.Meena will also continue as the commissioner of Municipal Corporation of Gurugram (MCG), a post he has held since January 3, 2023. Senior officials in the Haryana government said the decision to appoint Meena as the […]
NEW DELHI: The Municipal Corporation of Delhi has begun an exercise to identify “dangerous” buildings in the city to initiate demolition or repair work of such infrastructure to prevent any “mishap” during monsoon season, an official said on Tuesday. The civic body has asked its field staff to initiate the yearly survey of buildings or […]
Property developer VTP Realty has acquired a 6.7-acre land parcel in Thergaon locality of Pune for over Rs 260 crore through its subsidiary Rising Wellworth Enterprises LLP. The transaction is an extension of a development agreement inked between both the entities earlier. The company had entered into a development pact for the said land parcel […]
The Centre is exploring new options to finance its ambitious redevelopment project of seven government colonies in south Delhi due to several changes in the original plan approved in 2016, said two senior ministry of housing and urban affairs (MoHUA) officials aware of the matter said on Tuesday. Of the seven general pool residential accommodation […]
The Yamuna Expressway Industrial Development Authority (Yeida) has decided to change the payment option to benefit the middle-class property buyers. Instead of paying the property cost upfront, the authority has allowed payment in parts so that needy buyers may also benefit, said officials. Since the past two years, Yeida had insisted that all property buyers, […]
MUMBAI: Indiabulls Housing Finance will cut a 5,000 crore deal with global investor Oaktree Capital to acquire a chunk of loans given by the non-banking finance company to bankroll several developers. The infusion of debt capital will happen through a jointly-formed special purpose vehicle (SPV) which would float instruments like debentures that Indiabulls and Oaktree […]
Global private equity major Blackstone Group-sponsored Nexus Select Trust REIT, India’s maiden real estate investment trust (REIT) with retail properties, is set to launch its initial public offering to raise over 4,000 crore in the first week of May, said persons with direct knowledge of the development. This will be Blackstone’s third REIT in the […]
NEW DELHI: Delhi Development Authority (DDA) may start allotting EWS flats built for the residents of Jailorwala Bagh slum cluster in north Delhi from June this year. Lieutenant governor VK Saxena on Tuesday visited the multi-storeyed housing project to review its progress. He found that the work was 95% complete and the flats are likely […]
MUMBAI: A recent Appellate Authority for Advance Rulings (AAAR) order in the case of a Thane-based developer will gladden the hearts of buyers of under-construction properties, as it could translate into reduced costs. The appellate bench held that charges for several services collected by the developer, Puranik Builders, such as for water connection, electric meter […]
NOIDA: The Allahabad high court has directed the Noida authority to file a counter affidavit in response to a writ filed by ATS Homes Private Limited that alleged that the realty firm is yet to get 109,723.25 square metres (sqm) housing land in Noida’s Sector 152. The writ petition had also questioned the authority’s move […]
NOIDA: The Noida authority has initiated a process to hire a new consultant to address issues being faced in the finance department and to increase revenues.“We have started the process to rope in a consultant to assist in the matters related to the finance department because the term of the earlier consultant — Deloitte —has […]
The public works department (PWD) has floated the idea of developing three underpasses at congested intersections in south Delhi along the Outer Ring Road in an attempt to clear the critical corridor that has been the flashpoint of traffic chaos in recent weeks. The Delhi government’s infrastructure arm will undertake what is known as a […]
