News

Vodafone sells British headquarter, rents part instead amid downsizing

Vodafone Group Plc sold the headquarters it’s held for decades in Newbury, England, and will rent just over half of the site’s premises back as it downsizes and cuts costs. Iqon Capital agreed to buy the total of seven buildings known as “The Connection” on behalf of Aljazira Capital for an undisclosed figure, it said […]

Chintels Paradiso developer opposes revision in compensation rate

The developer of Chintels Paradiso apartments has objected to the revision in the rate of compensation offered to flats owners of Tower D, who have been asked to vacate their homes owing to structural and safety issues. The developer has written to the district administration in this regard on Tuesday, asking authorities to ensure a […]

GMDA to overhaul sewage network for 15.50 crore

Gurugram: The Gurugram Metropolitan Development Authority (GMDA) plans to strengthen the master sewer network in sectors 21, 22 and 23 with cured-in-place pipe (CIPP) technology at a cost of 15.50 crore, officials said. The authority officials said that there is heavy pressure of traffic on roads along these sewage pipelines and it is not feasible […]

Haryana Sehri Vikas Pradhikaran to audit institutional areas to check status of plots

GURUGRAM: The Haryana Sehri Vikas Pradhikaran (HSVP) is going to start a survey of institutional areas like sectors 32 and 44 to find out the status of the plots allotted by the authority to different organisations for institution and research purposes. The team will check how many properties have been leased out without required permission […]

Gurugram: Residents seek ban on fourth floors in colonies citing infra burden

GURUGRAM: Residents of licensed colonies have demanded a ban on construction of the fourth floor allowed by the state government through a policy amendment in 2019, citing burden on the existing infrastructure and civic amenities. According to residents of DLF areas, Sushant Lok, Ardee City and other colonies, the infrastructure in licensed colonies and sectors […]

H-Rera restrains bank from e-auctioning of commercial project

Gurugram: The Haryana Real Estate Regulatory Authority (H-Rera), Gurugram, on Monday restrained a public sector bank from proceeding with the e-auction of a commercial real estate project that was scheduled on January 24. The authority said that the bank was auctioning CHD E-Way Tower in Sector 109, while the dues of the property owners are […]

Noida Expressway resurface work to resume due to hotter weather

The Noida authority, which halted resurfacing work on a 5km stretch of the Noida-Greater Noida Expressway between Sector 126 and Mahamaya Flyover amid cold weather in December, is likely to resume the work due to rising temperature in the city. “We halted resurfacing work in December because charcoal does not melt easily and cannot take […]

Buildings on green belt to trigger snarls, stop auction of plots: RWA to Haryana CM

GURUGRAM: DLF 1 residents have written to the chief minister against the Haryana Shahari Vikas Pradhikaran (HSVP) auctioning sites on the green belt for educational, medical and residential use. The sites lie between the E block of DLF 1 and Sector 42 under the Aravali plantation area. In the letter, members of Qutab Plaza Enclave […]

Amazon Development Center leases two lakh sq ft office space in Pune’s Kharadi

Ecommerce major Amazon’s software and support services company Amazon Development Center (India) has leased an office space spread over nearly 200,000 sq ft in information technology (IT) special economic zone (SEZ) Gera Commerzone in Pune’s Kharadi locality. The company has picked up the office space spread over four floors for a tenure of 10 years […]

Amway Global’s CEO sells flat in Gurugram for Rs 19 crore

Amway Global CEO Milind Pant has sold an apartment at The Magnolias in Gurgaon for Rs 18.9 crore, documents accessed through real estate data analytics firm CRE Matrix showed. The apartment was owned by Amrita Pant, Milind’s wife, and he sold it through a power of attorney. According to market sources, the apartment is approximately […]

Meet to fix structural flaws at 15 highrises in Gurugram likely this week

GURUGRAM: The district administration has decided that the structural defects and deficiencies in the 15 highrise societies, which were recently audited by the agencies hired by it, will be repaired by the developers, while the maintenance related issues will be addressed by the concerned Residents Welfare Associations (RWAs). “Within a week, we will hold a […]

Chintels: Structural audit reports of towers E, F to be made public this week

Gurugram: The structural audit reports of tower E and tower F in Chintels Paradiso condominium are likely to be submitted to the department of town and country planning (DTCP) this week, said officials. They further said that the details of the reports will be tabled in the district committee meeting and thereafter shared with the […]

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