News

Haryana launches toll-free number to report illegal mining in Aravallis

The Haryana mining department launched a toll-free number on Friday where the public at large will be able to register complaints on illegal mining in the Aravallis. The public can lodge their complaints 24/7 at 1800-180-5530. Three officers will be deployed in three shifts of eight hours each at the control room that has been […]

RateGain’s founder buys bungalow in Delhi’s Golf Links for Rs 127.5 crore

RateGain founder Bhanu Chopra has bought an 850 sq m bungalow at Delhi’s Golf Links for Rs 127.5 crore, three people aware of the development said. RateGain is a global provider of SaaS solutions for the travel and hospitality sectors. According to registry documents accessed by Zapkey(dot)com, the property was registered on February 24 in […]

NCLT gives approval to Max Estates’ bid to acquire ‘Delhi One’ project in Noida

NEW DELHI: Max Group’s realty firm Max Estates on Friday said the National Company Law Tribunal (NCLT) has approved its bid to acquire a stalled mixed-use project ‘Delhi One’ in Noida through insolvency process — a development that will bring relief to nearly 300 stuck customers. Max Estates is a subsidiary of Max Ventures and […]

Max Estate to take over 3C’s luxury project Delhi One

The National Company Law Tribunal (NCLT) has approved the resolution plan of Max Estate Limited, the real estate arm of Max Group, for restarting the stuck ‘Delhi One’ residential project of Boulevard Projects Private Limited, a 3C Group company, paving the way for the takeover of the luxurious project on the Delhi-Noida border, alongside the […]

HSVP to seal plot in Sector 23 bought fraudulently by allottee

Gurugram: The Haryana Shahari Vikas Pradhikaran (HSVP), which had cancelled the allotment of two plots to a buyer after it was found that payments were not made and entries were managed fraudulently, has now decided to seal one of the plots as residential units have been constructed by the allottee. HSVP officials said that four […]

Suraksha group to infuse Rs 250 crore, arrange Rs 3,000 crore loan to complete 20,000 Jaypee flats

NEW DELHI: Mumbai-based Suraksha Group, which recently got the NCLT approval to acquire Jaypee Infratech, will infuse Rs 250 crore in the debt ridden Jaypee Group firm and also arrange Rs 3,000 crore loan for completion of around 20,000 apartments in various stalled projects over the next four years. As per the resolution plan of […]

RateGain’s founder buys bungalow in Delhi’s Golf Links for Rs 127.5 crore

RateGain founder Bhanu Chopra has bought an 850 sq m bungalow at Delhi’s Golf Links for Rs 127.5 crore, three people aware of the development said. RateGain is a global provider of SaaS solutions for the travel and hospitality sectors. According to registry documents accessed by Zapkey(dot)com, the property was registered on February 24 in […]

NCLT approves Suraksha group’s plan to take over Jaypee Infratech

The National Company Law Tribunal (NCLT) on Tuesday approved the resolution plan and bid by Mumbai based Suraksha Realty Limited and Lakshdeep Investments to take over debt-ridden realty company Jaypee Infratech Limited (JIL), thereby reigniting the hopes of thousands of aggrieved homebuyers of getting their dream homes soon. At least 20,000 homebuyers of Jaypee Wish […]

NGT refuses to interfere with work on solid waste facility in Ghaziabad

The National Green Tribunal (NGT) has refused to interfere with the ongoing construction of a solid waste facility in Jhandapur, Sahibabad, but have directed the formation of a joint committee of officials to give a “personal hearing” to the petitioner in the case. Petitioner Haji Arif, a resident of Ghaziabad, had moved the tribunal challenging […]

WeWork in talks with investors to restructure over $3 billion debt: New York Times

BENGALURU: WeWork Inc is in talks with investors to restructure its outstanding debt of more than $3 billion and raise more cash, the New York Times reported on Tuesday. Shares of the company rose about 5% in extended trading following the news. The company, which offers workstations, private offices and customized floors, had enjoyed a […]

Delhi mayor holds meets A&C department officials, reviews schemes related to property tax

NEW DELHI: Delhi Mayor Shelly Oberoi on Tuesday chaired a meeting with officials of the assessment and collection (A&C) department of the municipal corporation, and reviewed schemes related to property tax, her office said. During the meeting, senior officials apprised her about the status of revenue collection, tax policies and challenges faced by the department […]

GMDA to begin work on master sector road by end of March

Gurugram: The Gurugram Metropolitan Development Authority (GMDA) on Monday said work on a crucial stretch of master sector dividing road passing through sectors 77, 78-78A and 79-79A will commence in the next 15 days. It said they will clear a hillock to pave the way for the road construction. GMDA officials said they had secured […]

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