News

Noida attracts investment worth 5.86 lakh crore ahead of UP’s investors summit

Gautam Buddh Nagar, which includes industrial cities of Noida and Greater Noida, has received investment proposals worth 5.86 lakh crore since the announcement of Uttar Pradesh Global Investors Summit in November 2022, according to district officials. The UP Global Investors Summit is scheduled from February 10 in Lucknow and the state government, led by Chief […]

GMDA to upgrade road ahead of G20 meeting

The Gurugram Metropolitan Development Authority (GMDA) will upgrade and repair the road connecting Signature Tower and HUDA City Centre to Museo Camera near DLF Galleria ahead of a G20 meeting in March, said officials. GMDA chief executive officer (CEO) Sudhir Rajpal, who chaired the 55th core planning committee meeting of the authority on Thursday, asked […]

Investment proposals worth 5,87,000 crore signed for Gautam Budh Nagar

The Gautam Budh Nagar industrial department said on Friday that investment proposals worth 5,87,000 crore have been signedin the past two months by businesses who want to set up units in Noida, Greater Noida and under the jurisdiction of the Yamuna Expressway industrial development authority (Yeida). “We hope that at least 33% of these investment […]

Dues mount, just 7,800 owe Gurugram civic body Rs 700 crore in property tax

GURUGRAM: MCG has prepared a list of 7,800 property tax defaulters with dues above Rs 1 lakh. These defaulters altogether owe the corporation around Rs 700 crore. The civic body will soon launch a special campaign for the recovery of the dues, officials said. Revenue from the property tax for the 2022-23 fiscal year was […]

Haryana RERA restrains Mahira Group from cancelling allotment over dues

GURUGRAM: The Haryana Real Estate Regulatory Authority (H-Rera) has restrained the Mahira Group from cancelling any unit of the allottees in its affordable housing project in Sector 63A over non-payment of any dues. The regulator’s order comes in the wake of a plea by the investors who claimed to have already paid 50% of the […]

DHBVN order to expedite power connections in industries

Gurugram: The Dakshin Haryana Bijli Vitran Nigam Limited (DHBVN) has empowered superintending and chief engineers to approve new power connections and electrification plans for industrialists and developers, said officials on Friday. The move will expedite the electrification process as earlier, approvals were only given by DHBVN’s Hisar headquarters, officials added. The order, delegating approval authority […]

Global City Project: Bishnoi, Chautala withdraw pleas to pave way for launch

Decks have been cleared for the launch of Haryana government’s ambitious Global City project in Gurugram as the three writ petitions challenging the acquisition of land have been disposed of as “not pressed and withdrawn” by the Punjab and Haryana high court. The high court in 2016 had ordered a stay on the acquisition of […]

Haryana RERA asks promoter of ILD Grand project to refund Rs 72 lakh to homebuyer

GURUGRAM: The Gurugram bench of the Haryana Real Estate Regulatory Authority (HRERA) has asked the promoter of ILD Grand project at Sector 37 C in Gurugram to refund Rs 72 lakh to one of its buyers. The applicant had approached the authority in February 2019 after the builder failed to deliver the housing unit as […]

Out of 10,000 buildings, 6,000 asked for safety certificates: Delhi government to HC

NEW DELHI: The city government Thursday told the Delhi High Court, which is hearing a plea related to earthquake preparedness, that out of over 10,000 buildings identified for assessing structural safety, more than 6,000 have been asked to show structural safety certificates and 144 unsafe buildings demolished. The Delhi government said structural audit of 4655 […]

Govt exempts key infra projects from wildlife fund rules

The Centre has exempted road, rail, and transmission line projects from having to deposit 2% and 0.5% of the total project cost towards the cost of the Wildlife Management Plan (WMP) and Soil and Moisture Conservation Plan (SMCP) in a move that will benefit developers, but which has been criticised by environmentalists. The Union environment […]

Plot allotment to Delhi resident: Man meets Greater Noida officials as directed by consumer forum

Armed with a state consumer dispute redressal commission order, directing him to meet the Greater Noida authority officials to seek redressal of his grievance over the non-allotment of an industrial plot in the year 2000, petitioner Mahesh Mitra met chief executive officer Ritu Maheshwari and other officials on Thursday. The matter pertains to the non-compliance […]

Microchip Technology buys 1.68 lakh sq ft office space in Hyderabad for Rs 175 crore

US-based semiconductor major Microchip Technology has acquired 168,000 sq ft of office space in One Golden Mile, a grade-A commercial tower located in the business district of Kokapet in Hyderabad for an estimated Rs 175 crore, in one of the largest buyout deals in the commercial real estate market in the city. Capital values in […]

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